ETIMA: 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.
ETIMA
Largest movements
- Tangible fixed assets -€10,611
down €10,611 (-2.5%), from €417,862 to €407,251
of which Land and buildings: -€14,800
- Cash -€7,563
down €7,563 (-82.9%), from €9,123 to €1,560
mainly Other debts (-€222,291) and Debts after one year (-€29,379)
- Reserves +€224,860
new in 2024: €224,860
of which Distributable reserves: +€223,000
- Other debts -€222,291
down €222,291 (-96.8%), from €229,543 to €7,252
- Debts after one year -€29,379
down €29,379 (-15.6%), from €187,801 to €158,422
- Contributions +€6,200
up €6,200 (+100.0%), from €6,200 to €12,400
- Staff costs -€16,318
no longer reported in 2024 (was €16,318)
- Depreciation +€9,712
up €9,712 (+46.6%), from €20,863 to €30,574
- Other operating charges +€3,464
up €3,464 (+138.1%), from €2,509 to €5,973
- Gross operating margin -€1,765
down €1,765 (-5.2%), from €33,993 to €32,229
- Financial charges -€588
down €588 (-9.6%), from €6,099 to €5,512
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,146 | €439,450 | -€19,697 | -4.3% |
| Fixed assets | 21/28 | €418,062 | €407,451 | -€10,611 | -2.5% |
| Tangible fixed assets | 22/27 | €417,862 | €407,251 | -€10,611 | -2.5% |
| Land and buildings | 22 | €393,487 | €378,687 | -€14,800 | -3.8% |
| Furniture and vehicles | 24 | €24,375 | €21,990 | -€2,384 | -9.8% |
| Other tangible fixed assets | 26 | - | €6,574 | +€6,574 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €41,085 | €31,999 | -€9,086 | -22.1% |
| Stocks and contracts in progress | 3 | €25,545 | €26,081 | +€536 | +2.1% |
| Stocks | 30/36 | €25,545 | €26,081 | +€536 | +2.1% |
| Amounts receivable within one year | 40/41 | €4,992 | €3,349 | -€1,643 | -32.9% |
| Trade receivables | 40 | €3,548 | €1,298 | -€2,250 | -63.4% |
| Other amounts receivable | 41 | €1,445 | €2,051 | +€607 | +42.0% |
| Cash at bank and in hand | 54/58 | €9,123 | €1,560 | -€7,563 | -82.9% |
| Deferred charges and accrued income | 490/1 | €1,425 | €1,009 | -€416 | -29.2% |
| Total equity and liabilities | 10/49 | €459,146 | €439,450 | -€19,697 | -4.3% |
| Equity | 10/15 | €6,938 | €238,084 | +€231,146 | +3331.8% |
| Contributions | 10/11 | €6,200 | €12,400 | +€6,200 | +100.0% |
| Reserves | 13 | - | €224,860 | +€224,860 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €223,000 | +€223,000 | |
| Profit (loss) carried forward | 14 | €738 | €824 | +€86 | +11.7% |
| Amounts payable | 17/49 | €452,209 | €201,366 | -€250,843 | -55.5% |
| Amounts payable after more than one year | 17 | €187,801 | €158,422 | -€29,379 | -15.6% |
| Financial debts | 170/4 | €187,801 | €158,422 | -€29,379 | -15.6% |
| Amounts payable within one year | 42/48 | €263,948 | €42,040 | -€221,908 | -84.1% |
| Current portion of amounts payable after more than one year | 42 | €31,010 | €31,794 | +€784 | +2.5% |
| Trade debts | 44 | €2,708 | €1,627 | -€1,081 | -39.9% |
| Suppliers | 440/4 | €2,708 | €1,627 | -€1,081 | -39.9% |
| Taxes, remuneration and social security | 45 | €688 | €1,367 | +€679 | +98.7% |
| Taxes | 450/3 | €688 | €1,367 | +€679 | +98.7% |
| Other amounts payable | 47/48 | €229,543 | €7,252 | -€222,291 | -96.8% |
| Accrued charges and deferred income | 492/3 | €459 | €903 | +€444 | +96.8% |
| Remuneration, social security and pensions | 62 | €16,318 | - | -€16,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,863 | €30,574 | +€9,712 | +46.6% |
| Other operating charges | 640/8 | €2,509 | €5,973 | +€3,464 | +138.1% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €33,993 | €32,229 | -€1,765 | -5.2% |
| Operating profit (loss) | 9901 | -€5,696 | -€4,377 | +€1,319 | +23.2% |
| Financial income | 75/76B | €373 | €242 | -€130 | -35.0% |
| Recurring financial income | 75 | €373 | €242 | -€130 | -35.0% |
| Financial charges | 65/66B | €6,099 | €5,512 | -€588 | -9.6% |
| Recurring financial charges | 65 | €6,099 | €5,512 | -€588 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,422 | -€9,646 | +€1,776 | +15.6% |
| Income taxes | 67/77 | €221 | €226 | +€5 | +2.1% |
| Profit (loss) for the period | 9904 | -€11,644 | -€9,872 | +€1,772 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,644 | -€9,872 | +€1,772 | +15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.