ETOMA: 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.
ETOMA
Largest movements
- Receivables within one year +€129,070
up €129,070 (+538%), from €24,000 to €153,070
- Tangible fixed assets -€31,978
down €31,978 (-6.9%), from €461,949 to €429,970
of which Leasing and similar rights: -€18,656
- Cash +€11,107
up €11,107 (+369%), from €3,009 to €14,116
mainly Net result for the year (+€115,269) and Depreciation (+€31,978)
- Profit (loss) carried forward +€115,269
up €115,269 (+211%), from €54,604 to €169,873
- Debts after one year -€44,827
down €44,827 (-13.5%), from €331,235 to €286,408
of which Financial debts: -€44,827
- Tax, wage and social debts +€31,818
up €31,818 (+163%), from €19,543 to €51,361
of which Taxes: +€29,468
- Trade debts +€9,406
up €9,406 (+74.2%), from €12,672 to €22,079
- Gross operating margin +€96,418
up €96,418 (+90.5%), from €106,511 to €202,929
- Taxes +€21,221
up €21,221 (+189%), from €11,245 to €32,467
- Financial charges -€2,178
down €2,178 (-12.2%), from €17,827 to €15,649
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 | €493,206 | €604,359 | +€111,152 | +22.5% |
| Fixed assets | 21/28 | €461,949 | €429,970 | -€31,978 | -6.9% |
| Tangible fixed assets | 22/27 | €461,949 | €429,970 | -€31,978 | -6.9% |
| Land and buildings | 22 | €385,846 | €372,524 | -€13,322 | -3.5% |
| Leasing and similar rights | 25 | €76,103 | €57,447 | -€18,656 | -24.5% |
| Current assets | 29/58 | €31,258 | €174,388 | +€143,131 | +458% |
| Amounts receivable within one year | 40/41 | €24,000 | €153,070 | +€129,070 | +538% |
| Trade receivables | 40 | €24,000 | €153,070 | +€129,070 | +538% |
| Cash at bank and in hand | 54/58 | €3,009 | €14,116 | +€11,107 | +369% |
| Deferred charges and accrued income | 490/1 | €4,248 | €7,202 | +€2,954 | +69.5% |
| Total equity and liabilities | 10/49 | €493,206 | €604,359 | +€111,152 | +22.5% |
| Equity | 10/15 | €58,104 | €173,373 | +€115,269 | +198% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,604 | €169,873 | +€115,269 | +211% |
| Amounts payable | 17/49 | €435,102 | €430,985 | -€4,117 | -0.9% |
| Amounts payable after more than one year | 17 | €331,235 | €286,408 | -€44,827 | -13.5% |
| Financial debts | 170/4 | €330,211 | €285,383 | -€44,827 | -13.6% |
| Other amounts payable | 178/9 | €1,024 | €1,024 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,867 | €144,413 | +€40,546 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €45,572 | €44,827 | -€745 | -1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,672 | €22,079 | +€9,406 | +74.2% |
| Suppliers | 440/4 | €12,672 | €22,079 | +€9,406 | +74.2% |
| Taxes, remuneration and social security | 45 | €19,543 | €51,361 | +€31,818 | +163% |
| Taxes | 450/3 | €19,543 | €49,011 | +€29,468 | +151% |
| Remuneration and social security | 454/9 | €0 | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €26,080 | €26,146 | +€66 | +0.3% |
| Accrued charges and deferred income | 492/3 | - | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | - | €1,395 | +€1,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,487 | €31,978 | +€1,492 | +4.9% |
| Other operating charges | 640/8 | €5,979 | €6,172 | +€193 | +3.2% |
| Gross operating margin | 9900 | €106,511 | €202,929 | +€96,418 | +90.5% |
| Operating profit (loss) | 9901 | €70,045 | €163,384 | +€93,339 | +133% |
| Financial charges | 65/66B | €17,827 | €15,649 | -€2,178 | -12.2% |
| Recurring financial charges | 65 | €17,827 | €15,649 | -€2,178 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €52,218 | €147,736 | +€95,517 | +183% |
| Income taxes | 67/77 | €11,245 | €32,467 | +€21,221 | +189% |
| Profit (loss) for the period | 9904 | €40,973 | €115,269 | +€74,296 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €40,973 | €115,269 | +€74,296 | +181% |
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 17 October 2026 via checked.be.