ETIMO: 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.
ETIMO
Largest movements
- Cash +€30,370
up €30,370 (+39.1%), from €77,686 to €108,056
mainly Depreciation (+€45,343) and Net result for the year (+€24,594)
- Profit (loss) carried forward +€24,594
up €24,594 (+14.3%), from €171,759 to €196,353
- Other debts -€22,598
down €22,598 (-22.4%), from €100,931 to €78,333
- Current portion of long-term debt +€21,718
up €21,718 (+38.5%), from €56,481 to €78,199
- Other operating charges -€48,186
down €48,186 (-96.8%), from €49,781 to €1,595
- Gross operating margin +€37,239
up €37,239 (+48.2%), from €77,318 to €114,557
- Financial charges +€7,351
up €7,351 (+37.6%), from €19,552 to €26,903
- Depreciation +€5,606
up €5,606 (+14.1%), from €39,737 to €45,343
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 | €1,044,663 | €1,076,734 | +€32,071 | +3.1% |
| Fixed assets | 21/28 | €952,770 | €954,041 | +€1,271 | +0.1% |
| Tangible fixed assets | 22/27 | €952,770 | €954,041 | +€1,271 | +0.1% |
| Land and buildings | 22 | €898,239 | €863,316 | -€34,924 | -3.9% |
| Plant, machinery and equipment | 23 | €18,166 | €12,357 | -€5,809 | -32.0% |
| Furniture and vehicles | 24 | €36,364 | €78,368 | +€42,004 | +116% |
| Current assets | 29/58 | €91,893 | €122,693 | +€30,800 | +33.5% |
| Amounts receivable within one year | 40/41 | €14,178 | €14,608 | +€429 | +3.0% |
| Trade receivables | 40 | €14,178 | €14,608 | +€429 | +3.0% |
| Cash at bank and in hand | 54/58 | €77,686 | €108,056 | +€30,370 | +39.1% |
| Deferred charges and accrued income | 490/1 | €29 | €30 | +€1 | +3.4% |
| Total equity and liabilities | 10/49 | €1,044,663 | €1,076,734 | +€32,071 | +3.1% |
| Equity | 10/15 | €190,977 | €215,571 | +€24,594 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €618 | €618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €18 | €18 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,759 | €196,353 | +€24,594 | +14.3% |
| Amounts payable | 17/49 | €853,686 | €861,162 | +€7,477 | +0.9% |
| Amounts payable after more than one year | 17 | €683,407 | €684,955 | +€1,548 | +0.2% |
| Financial debts | 170/4 | €678,707 | €680,255 | +€1,548 | +0.2% |
| Other amounts payable | 178/9 | €4,700 | €4,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €170,250 | €175,766 | +€5,515 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €56,481 | €78,199 | +€21,718 | +38.5% |
| Trade debts | 44 | €6,206 | €8,478 | +€2,272 | +36.6% |
| Suppliers | 440/4 | €6,206 | €8,478 | +€2,272 | +36.6% |
| Taxes, remuneration and social security | 45 | €6,633 | €10,756 | +€4,124 | +62.2% |
| Taxes | 450/3 | €6,633 | €10,756 | +€4,124 | +62.2% |
| Other amounts payable | 47/48 | €100,931 | €78,333 | -€22,598 | -22.4% |
| Accrued charges and deferred income | 492/3 | €28 | €441 | +€413 | +1,452% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,737 | €45,343 | +€5,606 | +14.1% |
| Other operating charges | 640/8 | €49,781 | €1,595 | -€48,186 | -96.8% |
| Non-recurring operating charges | 66A | - | €15,964 | +€15,964 | |
| Gross operating margin | 9900 | €77,318 | €114,557 | +€37,239 | +48.2% |
| Operating profit (loss) | 9901 | -€12,200 | €51,655 | +€63,855 | |
| Financial income | 75/76B | €291 | €77 | -€215 | -73.7% |
| Recurring financial income | 75 | €291 | €77 | -€215 | -73.7% |
| Financial charges | 65/66B | €19,552 | €26,903 | +€7,351 | +37.6% |
| Recurring financial charges | 65 | €19,552 | €26,903 | +€7,351 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,461 | €24,829 | +€56,289 | |
| Income taxes | 67/77 | €140 | €234 | +€95 | +68.0% |
| Profit (loss) for the period | 9904 | -€31,600 | €24,594 | +€56,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,600 | €24,594 | +€56,194 |
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.