ETIWARAGRI: 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.
ETIWARAGRI
Largest movements
- Cash +€231,970
up €231,970 (+40.1%), from €578,985 to €810,955
mainly Net result for the year (+€203,928) and Other debts (+€106,000)
- Financial fixed assets +€59,673
up €59,673 (+13.9%), from €429,533 to €489,206
- Reserves +€116,886
up €116,886 (+24.0%), from €486,832 to €603,718
- Other debts +€106,000
up €106,000 (+21.1%), from €501,357 to €607,357
- Trade debts +€59,673
new in 2025: €59,673
- Financial income +€132,487
up €132,487 (+208%), from €63,778 to €196,265
- Gross operating margin -€18,546
down €18,546 (-20.7%), from €89,614 to €71,068
- Taxes +€6,241
up €6,241 (+26.7%), from €23,345 to €29,586
- Financial charges +€3,710
up €3,710 (+13.2%), from €28,206 to €31,916
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 | €1,008,925 | €1,300,192 | +€291,267 | +28.9% |
| Fixed assets | 21/28 | €429,940 | €489,237 | +€59,297 | +13.8% |
| Tangible fixed assets | 22/27 | €407 | €31 | -€376 | -92.3% |
| Furniture and vehicles | 24 | €407 | €31 | -€376 | -92.3% |
| Financial fixed assets | 28 | €429,533 | €489,206 | +€59,673 | +13.9% |
| Current assets | 29/58 | €578,985 | €810,955 | +€231,970 | +40.1% |
| Cash at bank and in hand | 54/58 | €578,985 | €810,955 | +€231,970 | +40.1% |
| Total equity and liabilities | 10/49 | €1,008,925 | €1,300,192 | +€291,267 | +28.9% |
| Equity | 10/15 | €490,751 | €607,637 | +€116,886 | +23.8% |
| Contributions | 10/11 | €3,919 | €3,919 | = | 0.0% |
| Reserves | 13 | €486,832 | €603,718 | +€116,886 | +24.0% |
| Distributable reserves | 133 | €486,832 | €603,718 | +€116,886 | +24.0% |
| Amounts payable | 17/49 | €518,174 | €692,556 | +€174,382 | +33.7% |
| Amounts payable within one year | 42/48 | €518,174 | €692,556 | +€174,382 | +33.7% |
| Trade debts | 44 | - | €59,673 | +€59,673 | |
| Suppliers | 440/4 | - | €59,673 | +€59,673 | |
| Taxes, remuneration and social security | 45 | €16,817 | €25,526 | +€8,709 | +51.8% |
| Taxes | 450/3 | €16,817 | €25,526 | +€8,709 | +51.8% |
| Other amounts payable | 47/48 | €501,357 | €607,357 | +€106,000 | +21.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €376 | = | 0.0% |
| Other operating charges | 640/8 | €899 | €1,527 | +€628 | +69.9% |
| Gross operating margin | 9900 | €89,614 | €71,068 | -€18,546 | -20.7% |
| Operating profit (loss) | 9901 | €88,340 | €69,165 | -€19,175 | -21.7% |
| Financial income | 75/76B | €63,778 | €196,265 | +€132,487 | +208% |
| Recurring financial income | 75 | €63,778 | €196,265 | +€132,487 | +208% |
| Financial charges | 65/66B | €28,206 | €31,916 | +€3,710 | +13.2% |
| Recurring financial charges | 65 | €28,206 | €31,916 | +€3,710 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €123,912 | €233,514 | +€109,603 | +88.5% |
| Income taxes | 67/77 | €23,345 | €29,586 | +€6,241 | +26.7% |
| Profit (loss) for the period | 9904 | €100,567 | €203,928 | +€103,361 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €100,567 | €203,928 | +€103,361 | +103% |
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.