ETIB-KLIMA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ETIB-KLIMA
Largest movements
- Receivables within one year -€178,212
down €178,212 (-53.4%), from €333,682 to €155,470
of which Trade receivables: -€177,077
- Stocks and contracts +€35,727
up €35,727 (+747%), from €4,781 to €40,508
- Tangible fixed assets -€8,026
down €8,026 (-34.2%), from €23,464 to €15,438
- Deferred charges and accrued income -€5,593
down €5,593 (-79.1%), from €7,070 to €1,477
- Profit (loss) carried forward -€196,145
down €196,145 (-100%), from €196,145 to €0
- Reserves +€153,758
up €153,758 (+8,267%), from €1,860 to €155,618
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Accrued charges and deferred income -€22,896
down €22,896 (-100%), from €22,896 to €0
- Trade debts +€15,865
up €15,865 (+230%), from €6,888 to €22,753
- Write-downs +€55,464
new in 2025: €55,464
- Other operating charges -€27,623
down €27,623 (-97.4%), from €28,352 to €729
- Depreciation +€7,412
up €7,412 (+1,207%), from €614 to €8,026
- Gross operating margin +€4,925
up €4,925 (+6.5%), from €75,864 to €80,789
- Financial charges -€4,184
down €4,184 (-53.8%), from €7,784 to €3,600
of which Financial charges: -€4,184
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,773 | €217,889 | -€154,885 | -41.5% |
| Fixed assets | 21/28 | €26,177 | €18,151 | -€8,026 | -30.7% |
| Tangible fixed assets | 22/27 | €23,464 | €15,438 | -€8,026 | -34.2% |
| Furniture and vehicles | 24 | €23,464 | €15,438 | -€8,026 | -34.2% |
| Financial fixed assets | 28 | €2,713 | €2,713 | = | 0.0% |
| Current assets | 29/58 | €346,596 | €199,738 | -€146,859 | -42.4% |
| Stocks and contracts in progress | 3 | €4,781 | €40,508 | +€35,727 | +747% |
| Stocks | 30/36 | €4,781 | €40,508 | +€35,727 | +747% |
| Amounts receivable within one year | 40/41 | €333,682 | €155,470 | -€178,212 | -53.4% |
| Trade receivables | 40 | €332,418 | €155,342 | -€177,077 | -53.3% |
| Other amounts receivable | 41 | €1,263 | €128 | -€1,135 | -89.8% |
| Cash at bank and in hand | 54/58 | €1,063 | €2,282 | +€1,219 | +115% |
| Deferred charges and accrued income | 490/1 | €7,070 | €1,477 | -€5,593 | -79.1% |
| Total equity and liabilities | 10/49 | €372,773 | €217,889 | -€154,885 | -41.5% |
| Equity | 10/15 | €216,605 | €174,218 | -€42,387 | -19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €155,618 | +€153,758 | +8,267% |
| Distributable reserves | 133 | €1,860 | €155,618 | +€153,758 | +8,267% |
| Profit (loss) carried forward | 14 | €196,145 | €0 | -€196,145 | -100% |
| Amounts payable | 17/49 | €156,168 | €43,671 | -€112,497 | -72.0% |
| Amounts payable within one year | 42/48 | €133,272 | €43,671 | -€89,601 | -67.2% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €6,888 | €22,753 | +€15,865 | +230% |
| Suppliers | 440/4 | €6,888 | €22,753 | +€15,865 | +230% |
| Taxes, remuneration and social security | 45 | €682 | €791 | +€109 | +16.0% |
| Taxes | 450/3 | €682 | €791 | +€109 | +16.0% |
| Other amounts payable | 47/48 | €25,703 | €20,127 | -€5,576 | -21.7% |
| Accrued charges and deferred income | 492/3 | €22,896 | €0 | -€22,896 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €8,026 | +€7,412 | +1,207% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €55,464 | +€55,464 | |
| Other operating charges | 640/8 | €28,352 | €729 | -€27,623 | -97.4% |
| Non-recurring operating charges | 66A | €5,738 | €55,217 | +€49,479 | +862% |
| Gross operating margin | 9900 | €75,864 | €80,789 | +€4,925 | +6.5% |
| Operating profit (loss) | 9901 | €41,160 | -€38,646 | -€79,807 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €7,784 | €3,600 | -€4,184 | -53.8% |
| Recurring financial charges | 65 | €7,784 | €3,600 | -€4,184 | -53.8% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €33,377 | -€42,246 | -€75,623 | |
| Income taxes | 67/77 | €189 | €141 | -€49 | -25.6% |
| Profit (loss) for the period | 9904 | €33,187 | -€42,387 | -€75,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,187 | -€42,387 | -€75,575 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.