ETLAB: 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.
ETLAB
Largest movements
- Tangible fixed assets +€6,755
up €6,755 (+96.8%), from €6,982 to €13,737
of which Other tangible fixed assets: +€8,395
- Profit (loss) carried forward +€14,367
up €14,367, from -€2,911 to €11,456
- Other debts -€7,915
down €7,915 (-13.2%), from €59,807 to €51,892
- Tax, wage and social debts +€5,651
up €5,651 (+27.6%), from €20,446 to €26,097
of which Taxes: +€5,435
- Trade debts -€4,165
down €4,165 (-22.1%), from €18,883 to €14,719
- Gross operating margin -€5,151
down €5,151 (-7.8%), from €65,916 to €60,764
- Staff costs +€3,691
up €3,691 (+11.2%), from €32,889 to €36,581
- Taxes -€1,416
down €1,416 (-21.8%), from €6,488 to €5,071
- Depreciation +€1,074
up €1,074 (+52.9%), from €2,028 to €3,102
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 | €102,425 | €110,363 | +€7,938 | +7.8% |
| Fixed assets | 21/28 | €7,012 | €13,767 | +€6,755 | +96.3% |
| Tangible fixed assets | 22/27 | €6,982 | €13,737 | +€6,755 | +96.8% |
| Furniture and vehicles | 24 | €3,835 | €2,195 | -€1,640 | -42.8% |
| Other tangible fixed assets | 26 | €3,147 | €11,542 | +€8,395 | +266.7% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €95,414 | €96,597 | +€1,183 | +1.2% |
| Amounts receivable within one year | 40/41 | €25,457 | €26,249 | +€792 | +3.1% |
| Trade receivables | 40 | €25,457 | €26,249 | +€792 | +3.1% |
| Cash at bank and in hand | 54/58 | €69,765 | €70,137 | +€372 | +0.5% |
| Deferred charges and accrued income | 490/1 | €192 | €211 | +€19 | +10.1% |
| Total equity and liabilities | 10/49 | €102,425 | €110,363 | +€7,938 | +7.8% |
| Equity | 10/15 | €3,289 | €17,656 | +€14,367 | +436.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,911 | €11,456 | +€14,367 | |
| Amounts payable | 17/49 | €99,136 | €92,707 | -€6,429 | -6.5% |
| Amounts payable within one year | 42/48 | €99,136 | €92,707 | -€6,429 | -6.5% |
| Trade debts | 44 | €18,883 | €14,719 | -€4,165 | -22.1% |
| Suppliers | 440/4 | €18,883 | €14,719 | -€4,165 | -22.1% |
| Taxes, remuneration and social security | 45 | €20,446 | €26,097 | +€5,651 | +27.6% |
| Taxes | 450/3 | €15,420 | €20,855 | +€5,435 | +35.2% |
| Remuneration and social security | 454/9 | €5,026 | €5,242 | +€216 | +4.3% |
| Other amounts payable | 47/48 | €59,807 | €51,892 | -€7,915 | -13.2% |
| Remuneration, social security and pensions | 62 | €32,889 | €36,581 | +€3,691 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,028 | €3,102 | +€1,074 | +52.9% |
| Other operating charges | 640/8 | €167 | €158 | -€9 | -5.4% |
| Gross operating margin | 9900 | €65,916 | €60,764 | -€5,151 | -7.8% |
| Operating profit (loss) | 9901 | €30,832 | €20,924 | -€9,907 | -32.1% |
| Financial charges | 65/66B | €752 | €748 | -€4 | -0.6% |
| Recurring financial charges | 65 | €752 | €748 | -€4 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €30,079 | €20,176 | -€9,903 | -32.9% |
| Income taxes | 67/77 | €6,488 | €5,071 | -€1,416 | -21.8% |
| Profit (loss) for the period | 9904 | €23,591 | €15,104 | -€8,487 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,591 | €15,104 | -€8,487 | -36.0% |
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 10 October 2026 via checked.be.