ETIYE: 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.
ETIYE
Largest movements
- Cash -€49,851
down €49,851 (-32.2%), from €154,947 to €105,096
mainly Net result for the year (-€72,374) and Investment in fixed assets (net) (-€16,990)
- Tangible fixed assets +€9,339
up €9,339 (+30.1%), from €31,026 to €40,366
of which Furniture and vehicles: +€14,488
- Receivables within one year +€3,619
up €3,619 (+9.2%), from €39,539 to €43,158
of which Trade receivables: +€8,474
- Profit (loss) carried forward -€70,514
down €70,514 (-204.1%), from -€34,547 to -€105,061
- Trade debts +€35,463
up €35,463 (+312.2%), from €11,360 to €46,823
- Gross operating margin -€48,114
down €48,114 (-345.1%), from -€13,942 to -€62,057
- Other operating charges +€830
up €830 (+48.2%), from €1,721 to €2,551
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.
Cash bridge derived
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 | €225,513 | €188,620 | -€36,893 | -16.4% |
| Fixed assets | 21/28 | €31,026 | €40,366 | +€9,339 | +30.1% |
| Tangible fixed assets | 22/27 | €31,026 | €40,366 | +€9,339 | +30.1% |
| Land and buildings | 22 | €19,580 | €17,402 | -€2,177 | -11.1% |
| Plant, machinery and equipment | 23 | €6,078 | €3,679 | -€2,399 | -39.5% |
| Furniture and vehicles | 24 | €2,172 | €16,660 | +€14,488 | +667.0% |
| Other tangible fixed assets | 26 | €3,197 | €2,624 | -€572 | -17.9% |
| Current assets | 29/58 | €194,486 | €148,254 | -€46,232 | -23.8% |
| Amounts receivable within one year | 40/41 | €39,539 | €43,158 | +€3,619 | +9.2% |
| Trade receivables | 40 | €20,523 | €28,997 | +€8,474 | +41.3% |
| Other amounts receivable | 41 | €19,016 | €14,161 | -€4,855 | -25.5% |
| Cash at bank and in hand | 54/58 | €154,947 | €105,096 | -€49,851 | -32.2% |
| Total equity and liabilities | 10/49 | €225,513 | €188,620 | -€36,893 | -16.4% |
| Equity | 10/15 | €214,013 | €141,639 | -€72,374 | -33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,960 | €228,100 | -€1,860 | -0.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €228,100 | €228,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,547 | -€105,061 | -€70,514 | -204.1% |
| Amounts payable | 17/49 | €11,499 | €46,981 | +€35,482 | +308.6% |
| Amounts payable within one year | 42/48 | €11,499 | €46,981 | +€35,482 | +308.6% |
| Trade debts | 44 | €11,360 | €46,823 | +€35,463 | +312.2% |
| Suppliers | 440/4 | €11,360 | €46,823 | +€35,463 | +312.2% |
| Taxes, remuneration and social security | 45 | €140 | €158 | +€18 | +13.1% |
| Taxes | 450/3 | €140 | €158 | +€18 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,088 | €7,651 | -€438 | -5.4% |
| Other operating charges | 640/8 | €1,721 | €2,551 | +€830 | +48.2% |
| Gross operating margin | 9900 | -€13,942 | -€62,057 | -€48,114 | -345.1% |
| Operating profit (loss) | 9901 | -€23,752 | -€72,258 | -€48,506 | -204.2% |
| Financial income | 75/76B | €0 | €166 | +€166 | +277016.7% |
| Recurring financial income | 75 | €0 | €166 | +€166 | +277016.7% |
| Financial charges | 65/66B | €69 | €142 | +€72 | +104.7% |
| Recurring financial charges | 65 | €69 | €142 | +€72 | +104.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,821 | -€72,233 | -€48,413 | -203.2% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.8% |
| Profit (loss) for the period | 9904 | -€23,961 | -€72,374 | -€48,414 | -202.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,961 | -€72,374 | -€48,414 | -202.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.