ETL Pluimvee: 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.
ETL Pluimvee
Largest movements
- Cash +€99,166
up €99,166 (+1,071%), from €9,261 to €108,427
mainly Net result for the year (+€51,611) and Receivables within one year (+€39,056)
- Receivables within one year -€39,056
down €39,056 (-65.2%), from €59,917 to €20,861
of which Trade receivables: -€33,173
- Reserves +€51,611
up €51,611 (+134%), from €38,420 to €90,031
- Other debts +€18,304
up €18,304 (+29.3%), from €62,574 to €80,878
- Debts after one year -€8,380
down €8,380 (-46.2%), from €18,156 to €9,776
- Gross operating margin +€105,329
up €105,329 (+239%), from €44,123 to €149,452
- Staff costs +€23,738
up €23,738 (+59.8%), from €39,666 to €63,404
- Taxes +€12,420
new in 2025: €12,420
- Depreciation +€3,044
up €3,044 (+20.9%), from €14,561 to €17,605
- Financial charges +€1,740
up €1,740 (+118%), from €1,474 to €3,215
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 | €142,349 | €204,870 | +€62,521 | +43.9% |
| Fixed assets | 21/28 | €73,171 | €75,166 | +€1,995 | +2.7% |
| Tangible fixed assets | 22/27 | €73,171 | €75,166 | +€1,995 | +2.7% |
| Land and buildings | 22 | €41,410 | €38,819 | -€2,590 | -6.3% |
| Plant, machinery and equipment | 23 | €31,761 | €31,923 | +€162 | +0.5% |
| Furniture and vehicles | 24 | - | €4,424 | +€4,424 | |
| Current assets | 29/58 | €69,178 | €129,703 | +€60,525 | +87.5% |
| Amounts receivable within one year | 40/41 | €59,917 | €20,861 | -€39,056 | -65.2% |
| Trade receivables | 40 | €37,495 | €4,322 | -€33,173 | -88.5% |
| Other amounts receivable | 41 | €22,421 | €16,539 | -€5,882 | -26.2% |
| Cash at bank and in hand | 54/58 | €9,261 | €108,427 | +€99,166 | +1,071% |
| Deferred charges and accrued income | 490/1 | - | €415 | +€415 | |
| Total equity and liabilities | 10/49 | €142,349 | €204,870 | +€62,521 | +43.9% |
| Equity | 10/15 | €45,420 | €97,031 | +€51,611 | +114% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €38,420 | €90,031 | +€51,611 | +134% |
| Distributable reserves | 133 | €38,420 | €90,031 | +€51,611 | +134% |
| Amounts payable | 17/49 | €96,929 | €107,839 | +€10,910 | +11.3% |
| Amounts payable after more than one year | 17 | €18,156 | €9,776 | -€8,380 | -46.2% |
| Financial debts | 170/4 | €18,156 | €9,776 | -€8,380 | -46.2% |
| Amounts payable within one year | 42/48 | €78,773 | €98,062 | +€19,290 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €8,380 | €8,380 | = | 0.0% |
| Trade debts | 44 | €4,446 | €4,635 | +€189 | +4.3% |
| Suppliers | 440/4 | €4,446 | €4,635 | +€189 | +4.3% |
| Taxes, remuneration and social security | 45 | €3,374 | €4,170 | +€796 | +23.6% |
| Remuneration and social security | 454/9 | €3,374 | €4,170 | +€796 | +23.6% |
| Other amounts payable | 47/48 | €62,574 | €80,878 | +€18,304 | +29.3% |
| Remuneration, social security and pensions | 62 | €39,666 | €63,404 | +€23,738 | +59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,561 | €17,605 | +€3,044 | +20.9% |
| Other operating charges | 640/8 | €2,431 | €1,199 | -€1,232 | -50.7% |
| Gross operating margin | 9900 | €44,123 | €149,452 | +€105,329 | +239% |
| Operating profit (loss) | 9901 | -€12,535 | €67,245 | +€79,780 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +733% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +733% |
| Financial charges | 65/66B | €1,474 | €3,215 | +€1,740 | +118% |
| Recurring financial charges | 65 | €1,474 | €3,215 | +€1,740 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€14,009 | €64,031 | +€78,040 | |
| Income taxes | 67/77 | - | €12,420 | +€12,420 | |
| Profit (loss) for the period | 9904 | -€14,009 | €51,611 | +€65,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,009 | €51,611 | +€65,620 |
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 29 October 2026 via checked.be.