ETK-TECHNIEK: 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.
ETK-TECHNIEK
Largest movements
- Receivables within one year +€67,622
up €67,622 (+36.2%), from €186,795 to €254,417
of which Other amounts receivable: +€63,775
- Tangible fixed assets +€14,065
up €14,065 (+4.6%), from €307,472 to €321,537
of which Furniture and vehicles: +€23,817
- Cash +€12,479
up €12,479 (+5.9%), from €209,760 to €222,240
mainly Net result for the year (+€186,416) and Depreciation (+€41,727)
- Reserves +€90,579
up €90,579 (+16.4%), from €553,188 to €643,768
- Other debts +€21,501
up €21,501 (+30.9%), from €69,544 to €91,045
- Debts after one year -€13,673
down €13,673 (-25.6%), from €53,479 to €39,806
- Tax, wage and social debts -€10,857
down €10,857 (-36.8%), from €29,489 to €18,631
- Depreciation +€19,025
up €19,025 (+83.8%), from €22,702 to €41,727
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 | €736,317 | €825,774 | +€89,457 | +12.1% |
| Fixed assets | 21/28 | €307,532 | €321,597 | +€14,065 | +4.6% |
| Tangible fixed assets | 22/27 | €307,472 | €321,537 | +€14,065 | +4.6% |
| Land and buildings | 22 | €191,189 | €181,322 | -€9,868 | -5.2% |
| Plant, machinery and equipment | 23 | €6,177 | €6,292 | +€116 | +1.9% |
| Furniture and vehicles | 24 | €110,106 | €133,923 | +€23,817 | +21.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €428,785 | €504,177 | +€75,393 | +17.6% |
| Stocks and contracts in progress | 3 | €25,222 | €18,134 | -€7,088 | -28.1% |
| Stocks | 30/36 | €25,222 | €18,134 | -€7,088 | -28.1% |
| Amounts receivable within one year | 40/41 | €186,795 | €254,417 | +€67,622 | +36.2% |
| Trade receivables | 40 | €122,951 | €126,799 | +€3,847 | +3.1% |
| Other amounts receivable | 41 | €63,843 | €127,618 | +€63,775 | +99.9% |
| Cash at bank and in hand | 54/58 | €209,760 | €222,240 | +€12,479 | +5.9% |
| Deferred charges and accrued income | 490/1 | €7,008 | €9,386 | +€2,379 | +33.9% |
| Total equity and liabilities | 10/49 | €736,317 | €825,774 | +€89,457 | +12.1% |
| Equity | 10/15 | €565,588 | €656,168 | +€90,579 | +16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €553,188 | €643,768 | +€90,579 | +16.4% |
| Distributable reserves | 133 | €553,188 | €643,768 | +€90,579 | +16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,728 | €169,606 | -€1,122 | -0.7% |
| Amounts payable after more than one year | 17 | €53,479 | €39,806 | -€13,673 | -25.6% |
| Financial debts | 170/4 | €53,479 | €39,806 | -€13,673 | -25.6% |
| Amounts payable within one year | 42/48 | €117,249 | €129,770 | +€12,520 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €13,266 | €13,673 | +€408 | +3.1% |
| Trade debts | 44 | €4,951 | €6,420 | +€1,469 | +29.7% |
| Suppliers | 440/4 | €4,951 | €6,420 | +€1,469 | +29.7% |
| Taxes, remuneration and social security | 45 | €29,489 | €18,631 | -€10,857 | -36.8% |
| Taxes | 450/3 | €29,489 | €18,631 | -€10,857 | -36.8% |
| Other amounts payable | 47/48 | €69,544 | €91,045 | +€21,501 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Non-recurring operating income | 76A | €34,166 | €10,408 | -€23,758 | -69.5% |
| Remuneration, social security and pensions | 62 | €0 | €252 | +€252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,702 | €41,727 | +€19,025 | +83.8% |
| Other operating charges | 640/8 | €3,506 | €3,506 | +€0 | 0.0% |
| Gross operating margin | 9900 | €319,784 | €319,617 | -€166 | -0.1% |
| Operating profit (loss) | 9901 | €293,576 | €274,132 | -€19,444 | -6.6% |
| Financial income | 75/76B | €4,064 | €6,470 | +€2,405 | +59.2% |
| Recurring financial income | 75 | €4,064 | €6,470 | +€2,405 | +59.2% |
| Financial charges | 65/66B | €1,841 | €1,990 | +€149 | +8.1% |
| Recurring financial charges | 65 | €1,841 | €1,990 | +€149 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €295,799 | €278,612 | -€17,188 | -5.8% |
| Income taxes | 67/77 | €93,704 | €92,196 | -€1,508 | -1.6% |
| Profit (loss) for the period | 9904 | €202,095 | €186,416 | -€15,680 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €202,095 | €186,416 | -€15,680 | -7.8% |
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 23 October 2026 via checked.be.