Eticom: what changed
Two fiscal 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.
Eticom
Largest movements
- Cash +€6,062
up €6,062 (+119.0%), from €5,096 to €11,158
mainly Other debts (+€8,966) and Depreciation (+€5,215)
- Deferred charges and accrued income -€2,005
no longer reported in 2025 (was €2,005)
- Receivables within one year +€772
up €772 (+213.9%), from €361 to €1,133
of which Other amounts receivable: +€798
- Tangible fixed assets +€673
up €673 (+1.7%), from €40,577 to €41,249
of which Plant, machinery and equipment: +€3,541
- Other debts +€8,966
up €8,966 (+24.9%), from €36,022 to €44,987
- Trade debts -€4,420
down €4,420 (-91.9%), from €4,810 to €389
- Profit (loss) carried forward +€719
up €719 (+20.1%), from €3,576 to €4,295
- Depreciation +€2,742
up €2,742 (+110.9%), from €2,473 to €5,215
- Taxes -€222
down €222 (-37.6%), from €589 to €367
- Gross operating margin -€208
down €208 (-2.9%), from €7,087 to €6,879
- Other operating charges +€113
up €113 (+29.3%), from €387 to €501
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.
Cash bridge derived
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 | €48,039 | €53,540 | +€5,501 | +11.5% |
| Fixed assets | 21/28 | €40,577 | €41,249 | +€673 | +1.7% |
| Tangible fixed assets | 22/27 | €40,577 | €41,249 | +€673 | +1.7% |
| Land and buildings | 22 | €38,852 | €34,892 | -€3,960 | -10.2% |
| Plant, machinery and equipment | 23 | - | €3,541 | +€3,541 | |
| Furniture and vehicles | 24 | €1,725 | €2,816 | +€1,091 | +63.3% |
| Current assets | 29/58 | €7,462 | €12,291 | +€4,829 | +64.7% |
| Amounts receivable within one year | 40/41 | €361 | €1,133 | +€772 | +213.9% |
| Trade receivables | 40 | €27 | - | -€27 | |
| Other amounts receivable | 41 | €334 | €1,133 | +€798 | +238.9% |
| Cash at bank and in hand | 54/58 | €5,096 | €11,158 | +€6,062 | +119.0% |
| Deferred charges and accrued income | 490/1 | €2,005 | - | -€2,005 | |
| Total equity and liabilities | 10/49 | €48,039 | €53,540 | +€5,501 | +11.5% |
| Equity | 10/15 | €6,576 | €7,295 | +€719 | +10.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,576 | €4,295 | +€719 | +20.1% |
| Amounts payable | 17/49 | €41,463 | €46,245 | +€4,782 | +11.5% |
| Amounts payable within one year | 42/48 | €41,420 | €46,239 | +€4,819 | +11.6% |
| Trade debts | 44 | €4,810 | €389 | -€4,420 | -91.9% |
| Suppliers | 440/4 | €4,810 | €389 | -€4,420 | -91.9% |
| Taxes, remuneration and social security | 45 | €589 | €863 | +€274 | +46.5% |
| Taxes | 450/3 | €589 | €863 | +€274 | +46.5% |
| Other amounts payable | 47/48 | €36,022 | €44,987 | +€8,966 | +24.9% |
| Accrued charges and deferred income | 492/3 | €42 | €5 | -€37 | -87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €5,215 | +€2,742 | +110.9% |
| Other operating charges | 640/8 | €387 | €501 | +€113 | +29.3% |
| Gross operating margin | 9900 | €7,087 | €6,879 | -€208 | -2.9% |
| Operating profit (loss) | 9901 | €4,227 | €1,164 | -€3,063 | -72.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €62 | €77 | +€15 | +24.1% |
| Recurring financial charges | 65 | €62 | €77 | +€15 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €4,165 | €1,087 | -€3,078 | -73.9% |
| Income taxes | 67/77 | €589 | €367 | -€222 | -37.6% |
| Profit (loss) for the period | 9904 | €3,576 | €719 | -€2,857 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,576 | €719 | -€2,857 | -79.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.