ETIOKIN +: what changed
ETIOKIN +
Largest movements
- Cash +€13,923
up €13,923 (+73.0%), from €19,065 to €32,988
mainly Depreciation (+€13,324) and Net result for the year (+€9,056)
- Tangible fixed assets -€11,557
down €11,557 (-65.8%), from €17,574 to €6,017
of which Furniture and vehicles: -€10,795
- Receivables within one year -€6,071
down €6,071 (-34.6%), from €17,523 to €11,452
of which Other amounts receivable: -€3,472
- Deferred charges and accrued income +€2,485
up €2,485 (+174%), from €1,431 to €3,916
- Debts after one year -€9,207
down €9,207 (-73.3%), from €12,563 to €3,356
- Profit (loss) carried forward +€9,056
up €9,056 (+69.2%), from €13,091 to €22,147
- Current portion of long-term debt -€1,069
down €1,069 (-10.4%), from €10,276 to €9,207
- Gross operating margin -€2,294
down €2,294 (-8.1%), from €28,475 to €26,181
- Depreciation -€1,955
down €1,955 (-12.8%), from €15,279 to €13,324
- Taxes +€1,442
up €1,442 (+106%), from €1,359 to €2,800
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,593 | €54,374 | -€1,220 | -2.2% |
| Fixed assets | 21/28 | €17,574 | €6,017 | -€11,557 | -65.8% |
| Tangible fixed assets | 22/27 | €17,574 | €6,017 | -€11,557 | -65.8% |
| Plant, machinery and equipment | 23 | €1,989 | €1,427 | -€563 | -28.3% |
| Furniture and vehicles | 24 | €12,031 | €1,236 | -€10,795 | -89.7% |
| Other tangible fixed assets | 26 | €3,554 | €3,355 | -€200 | -5.6% |
| Current assets | 29/58 | €38,019 | €48,356 | +€10,338 | +27.2% |
| Amounts receivable within one year | 40/41 | €17,523 | €11,452 | -€6,071 | -34.6% |
| Trade receivables | 40 | €3,537 | €938 | -€2,599 | -73.5% |
| Other amounts receivable | 41 | €13,986 | €10,514 | -€3,472 | -24.8% |
| Cash at bank and in hand | 54/58 | €19,065 | €32,988 | +€13,923 | +73.0% |
| Deferred charges and accrued income | 490/1 | €1,431 | €3,916 | +€2,485 | +174% |
| Total equity and liabilities | 10/49 | €55,593 | €54,374 | -€1,220 | -2.2% |
| Equity | 10/15 | €32,013 | €41,069 | +€9,056 | +28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322 | €322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €322 | €322 | = | 0.0% |
| Reserves not available under the articles | 1311 | €322 | €322 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,091 | €22,147 | +€9,056 | +69.2% |
| Amounts payable | 17/49 | €23,580 | €13,305 | -€10,276 | -43.6% |
| Amounts payable after more than one year | 17 | €12,563 | €3,356 | -€9,207 | -73.3% |
| Financial debts | 170/4 | €12,563 | €3,356 | -€9,207 | -73.3% |
| Amounts payable within one year | 42/48 | €11,017 | €9,949 | -€1,068 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €10,276 | €9,207 | -€1,069 | -10.4% |
| Trade debts | 44 | €442 | €742 | +€300 | +68.0% |
| Suppliers | 440/4 | €442 | €742 | +€300 | +68.0% |
| Taxes, remuneration and social security | 45 | €300 | - | -€300 | |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,279 | €13,324 | -€1,955 | -12.8% |
| Other operating charges | 640/8 | €1,188 | €959 | -€230 | -19.3% |
| Gross operating margin | 9900 | €28,475 | €26,181 | -€2,294 | -8.1% |
| Operating profit (loss) | 9901 | €12,008 | €11,899 | -€109 | -0.9% |
| Financial income | 75/76B | €416 | €407 | -€8 | -2.0% |
| Recurring financial income | 75 | €416 | €407 | -€8 | -2.0% |
| Financial charges | 65/66B | €702 | €450 | -€252 | -35.9% |
| Recurring financial charges | 65 | €702 | €450 | -€252 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €11,722 | €11,856 | +€134 | +1.1% |
| Income taxes | 67/77 | €1,359 | €2,800 | +€1,442 | +106% |
| Profit (loss) for the period | 9904 | €10,363 | €9,056 | -€1,307 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,363 | €9,056 | -€1,307 | -12.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.