ETIENNIMMO: 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.
ETIENNIMMO
Largest movements
- Tangible fixed assets +€6,361
up €6,361 (+1.9%), from €328,291 to €334,652
of which Land and buildings: +€6,361
- Cash +€3,669
up €3,669 (+38.4%), from €9,564 to €13,233
mainly Other debts (+€24,150) and Depreciation (+€23,768)
- Debts after one year -€29,427
down €29,427 (-9.1%), from €324,227 to €294,800
- Other debts +€24,150
up €24,150 (+233%), from €10,365 to €34,516
- Profit (loss) carried forward +€20,668
up €20,668 (+40.4%), from -€51,122 to -€30,454
- Accrued charges and deferred income -€5,041
down €5,041 (-71.9%), from €7,014 to €1,973
- Staff costs -€30,394
down €30,394 (-68.5%), from €44,345 to €13,950
- Gross operating margin +€11,068
up €11,068 (+16.1%), from €68,655 to €79,723
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 | €338,854 | €348,362 | +€9,507 | +2.8% |
| Fixed assets | 21/28 | €328,291 | €334,652 | +€6,361 | +1.9% |
| Tangible fixed assets | 22/27 | €328,291 | €334,652 | +€6,361 | +1.9% |
| Land and buildings | 22 | €328,291 | €334,652 | +€6,361 | +1.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €10,563 | €13,709 | +€3,146 | +29.8% |
| Cash at bank and in hand | 54/58 | €9,564 | €13,233 | +€3,669 | +38.4% |
| Deferred charges and accrued income | 490/1 | €999 | €476 | -€523 | -52.3% |
| Total equity and liabilities | 10/49 | €338,854 | €348,362 | +€9,507 | +2.8% |
| Equity | 10/15 | -€32,522 | -€11,854 | +€20,668 | +63.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,122 | -€30,454 | +€20,668 | +40.4% |
| Amounts payable | 17/49 | €371,376 | €360,216 | -€11,161 | -3.0% |
| Amounts payable after more than one year | 17 | €324,227 | €294,800 | -€29,427 | -9.1% |
| Financial debts | 170/4 | €324,227 | €294,800 | -€29,427 | -9.1% |
| Amounts payable within one year | 42/48 | €40,136 | €63,443 | +€23,307 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €26,802 | €28,927 | +€2,125 | +7.9% |
| Trade debts | 44 | €1,517 | €0 | -€1,517 | -100% |
| Suppliers | 440/4 | €1,517 | €0 | -€1,517 | -100% |
| Taxes, remuneration and social security | 45 | €1,452 | €0 | -€1,452 | -100% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €1,452 | €0 | -€1,452 | -100% |
| Other amounts payable | 47/48 | €10,365 | €34,516 | +€24,150 | +233% |
| Accrued charges and deferred income | 492/3 | €7,014 | €1,973 | -€5,041 | -71.9% |
| Remuneration, social security and pensions | 62 | €44,345 | €13,950 | -€30,394 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,002 | €23,768 | +€766 | +3.3% |
| Other operating charges | 640/8 | €15,017 | €15,489 | +€472 | +3.1% |
| Gross operating margin | 9900 | €68,655 | €79,723 | +€11,068 | +16.1% |
| Operating profit (loss) | 9901 | -€13,709 | €26,516 | +€40,225 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,469 | €5,848 | -€621 | -9.6% |
| Recurring financial charges | 65 | €6,469 | €5,848 | -€621 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,178 | €20,668 | +€40,846 | |
| Profit (loss) for the period | 9904 | -€20,178 | €20,668 | +€40,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,178 | €20,668 | +€40,846 |
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 13 October 2026 via checked.be.