Etinc'elec: 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.
Etinc'elec
Largest movements
- Tangible fixed assets -€9,324
no longer reported in 2024 (was €9,324)
- Receivables within one year -€4,611
no longer reported in 2024 (was €4,611)
of which Trade receivables: -€4,186
- Cash -€2,250
down €2,250 (-100.0%), from €2,251 to €1
mainly Net result for the year (-€8,261) and Other debts (-€5,329)
- Profit (loss) carried forward -€8,025
down €8,025 (-146%), from -€5,513 to -€13,538
- Other debts -€5,329
down €5,329 (-34.6%), from €15,388 to €10,059
- Trade debts -€3,093
no longer reported in 2024 (was €3,093)
- Tax, wage and social debts +€497
up €497 (+25.0%), from €1,983 to €2,480
- Reserves -€235
no longer reported in 2024 (was €235)
- Other operating charges +€6,681
up €6,681 (+1,539%), from €434 to €7,115
- Depreciation -€3,040
no longer reported in 2024 (was €3,040)
- Gross operating margin +€717
up €717 (+44.5%), from -€1,611 to -€895
- Financial charges -€166
down €166 (-97.8%), from €169 to €4
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.
Derived cash bridge
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 | €16,187 | €1 | -€16,186 | -100.0% |
| Fixed assets | 21/28 | €9,324 | - | -€9,324 | |
| Tangible fixed assets | 22/27 | €9,324 | - | -€9,324 | |
| Furniture and vehicles | 24 | €9,324 | - | -€9,324 | |
| Current assets | 29/58 | €6,862 | €1 | -€6,861 | -100.0% |
| Amounts receivable within one year | 40/41 | €4,611 | - | -€4,611 | |
| Trade receivables | 40 | €4,186 | - | -€4,186 | |
| Other amounts receivable | 41 | €425 | - | -€425 | |
| Cash at bank and in hand | 54/58 | €2,251 | €1 | -€2,250 | -100.0% |
| Total equity and liabilities | 10/49 | €16,187 | €1 | -€16,186 | -100.0% |
| Equity | 10/15 | -€4,277 | -€12,538 | -€8,261 | -193% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €235 | - | -€235 | |
| Distributable reserves | 133 | €235 | - | -€235 | |
| Profit (loss) carried forward | 14 | -€5,513 | -€13,538 | -€8,025 | -146% |
| Amounts payable | 17/49 | €20,464 | €12,539 | -€7,925 | -38.7% |
| Amounts payable within one year | 42/48 | €20,464 | €12,539 | -€7,925 | -38.7% |
| Trade debts | 44 | €3,093 | - | -€3,093 | |
| Suppliers | 440/4 | €3,093 | - | -€3,093 | |
| Taxes, remuneration and social security | 45 | €1,983 | €2,480 | +€497 | +25.0% |
| Taxes | 450/3 | €1,983 | €2,480 | +€497 | +25.0% |
| Other amounts payable | 47/48 | €15,388 | €10,059 | -€5,329 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,040 | - | -€3,040 | |
| Other operating charges | 640/8 | €434 | €7,115 | +€6,681 | +1,539% |
| Gross operating margin | 9900 | -€1,611 | -€895 | +€717 | +44.5% |
| Operating profit (loss) | 9901 | -€5,085 | -€8,009 | -€2,925 | -57.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +16,500% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +16,500% |
| Financial charges | 65/66B | €169 | €4 | -€166 | -97.8% |
| Recurring financial charges | 65 | €169 | €4 | -€166 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,254 | -€8,012 | -€2,757 | -52.5% |
| Income taxes | 67/77 | €259 | €249 | -€9 | -3.6% |
| Profit (loss) for the period | 9904 | -€5,513 | -€8,261 | -€2,748 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,513 | -€8,261 | -€2,748 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.