ETNA-AGC: 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.
ETNA-AGC
Largest movements
- Cash +€20,116
up €20,116 (+195.2%), from €10,305 to €30,420
mainly Net result for the year (+€20,906) and Tax, wage and social debts (+€4,462)
- Tangible fixed assets +€2,958
new in 2025: €2,958
- Profit (loss) carried forward +€20,906
up €20,906 (+255.2%), from €8,194 to €29,100
- Tax, wage and social debts +€4,462
up €4,462 (+148.9%), from €2,996 to €7,459
- Other debts -€3,246
down €3,246 (-65.5%), from €4,952 to €1,706
- Trade debts +€1,703
new in 2025: €1,703
- Gross operating margin +€17,027
up €17,027 (+146.4%), from €11,629 to €28,656
- Taxes +€4,466
up €4,466 (+149.0%), from €2,996 to €7,462
- Other operating charges -€417
down €417 (-95.4%), from €437 to €20
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 | €19,228 | €42,687 | +€23,459 | +122.0% |
| Fixed assets | 21/28 | - | €2,958 | +€2,958 | |
| Tangible fixed assets | 22/27 | - | €2,958 | +€2,958 | |
| Plant, machinery and equipment | 23 | - | €2,958 | +€2,958 | |
| Current assets | 29/58 | €19,228 | €39,729 | +€20,501 | +106.6% |
| Cash at bank and in hand | 54/58 | €10,305 | €30,420 | +€20,116 | +195.2% |
| Deferred charges and accrued income | 490/1 | €8,924 | €9,309 | +€385 | +4.3% |
| Total equity and liabilities | 10/49 | €19,228 | €42,687 | +€23,459 | +122.0% |
| Equity | 10/15 | €10,694 | €31,600 | +€20,906 | +195.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,194 | €29,100 | +€20,906 | +255.2% |
| Amounts payable | 17/49 | €8,535 | €11,088 | +€2,553 | +29.9% |
| Amounts payable within one year | 42/48 | €7,948 | €10,868 | +€2,919 | +36.7% |
| Trade debts | 44 | - | €1,703 | +€1,703 | |
| Suppliers | 440/4 | - | €1,703 | +€1,703 | |
| Taxes, remuneration and social security | 45 | €2,996 | €7,459 | +€4,462 | +148.9% |
| Taxes | 450/3 | €2,996 | €7,459 | +€4,462 | +148.9% |
| Other amounts payable | 47/48 | €4,952 | €1,706 | -€3,246 | -65.5% |
| Accrued charges and deferred income | 492/3 | €586 | €220 | -€366 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €204 | +€204 | |
| Other operating charges | 640/8 | €437 | €20 | -€417 | -95.4% |
| Gross operating margin | 9900 | €11,629 | €28,656 | +€17,027 | +146.4% |
| Operating profit (loss) | 9901 | €11,191 | €28,431 | +€17,240 | +154.1% |
| Financial charges | 65/66B | €1 | €63 | +€62 | +4940.0% |
| Recurring financial charges | 65 | €1 | €63 | +€62 | +4940.0% |
| Profit (loss) for the period before taxes | 9903 | €11,190 | €28,368 | +€17,178 | +153.5% |
| Income taxes | 67/77 | €2,996 | €7,462 | +€4,466 | +149.0% |
| Profit (loss) for the period | 9904 | €8,194 | €20,906 | +€12,712 | +155.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,194 | €20,906 | +€12,712 | +155.2% |
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 8 October 2026 via checked.be.