ETP TECHNICS: 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.
ETP TECHNICS
Largest movements
- Stocks and contracts +€4,237
new in 2024: €4,237
- Receivables within one year +€2,966
up €2,966 (+12.2%), from €24,404 to €27,370
of which Trade receivables: +€7,352
- Trade debts +€23,450
up €23,450 (+77.4%), from €30,285 to €53,735
- Advances received -€8,059
no longer reported in 2024 (was €8,059)
- Profit (loss) carried forward -€7,666
down €7,666 (-26.8%), from €28,580 to €20,914
- Tax, wage and social debts -€2,543
down €2,543 (-30.9%), from €8,243 to €5,700
of which Taxes: -€1,547
- Gross operating margin -€48,527
down €48,527 (-96.7%), from €50,174 to €1,647
- Write-downs -€6,985
no longer reported in 2024 (was €6,985)
- Other operating charges -€6,232
down €6,232 (-45.7%), from €13,650 to €7,418
- Taxes -€5,906
down €5,906, from €5,390 to -€516
- Staff costs -€2,899
down €2,899 (-47.7%), from €6,077 to €3,178
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,167 | €83,056 | +€5,890 | +7.6% |
| Fixed assets | 21/28 | €58 | - | -€58 | |
| Tangible fixed assets | 22/27 | €58 | - | -€58 | |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €58 | - | -€58 | |
| Current assets | 29/58 | €77,109 | €83,056 | +€5,947 | +7.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,071 | +€71 | +0.1% |
| Other amounts receivable | 291 | €50,000 | €50,071 | +€71 | +0.1% |
| Stocks and contracts in progress | 3 | - | €4,237 | +€4,237 | |
| Stocks | 30/36 | - | €4,237 | +€4,237 | |
| Amounts receivable within one year | 40/41 | €24,404 | €27,370 | +€2,966 | +12.2% |
| Trade receivables | 40 | €2,427 | €9,779 | +€7,352 | +303% |
| Other amounts receivable | 41 | €21,977 | €17,591 | -€4,386 | -20.0% |
| Cash at bank and in hand | 54/58 | €2,023 | €1,377 | -€645 | -31.9% |
| Deferred charges and accrued income | 490/1 | €682 | - | -€682 | |
| Total equity and liabilities | 10/49 | €77,167 | €83,056 | +€5,890 | +7.6% |
| Equity | 10/15 | €30,580 | €22,914 | -€7,666 | -25.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,580 | €20,914 | -€7,666 | -26.8% |
| Amounts payable | 17/49 | €46,587 | €60,143 | +€13,556 | +29.1% |
| Amounts payable within one year | 42/48 | €46,587 | €60,143 | +€13,556 | +29.1% |
| Financial debts | 43 | - | €708 | +€708 | |
| Credit institutions | 430/8 | - | €708 | +€708 | |
| Trade debts | 44 | €30,285 | €53,735 | +€23,450 | +77.4% |
| Suppliers | 440/4 | €30,285 | €53,735 | +€23,450 | +77.4% |
| Advances received on contracts in progress | 46 | €8,059 | - | -€8,059 | |
| Taxes, remuneration and social security | 45 | €8,243 | €5,700 | -€2,543 | -30.9% |
| Taxes | 450/3 | €7,247 | €5,700 | -€1,547 | -21.3% |
| Remuneration and social security | 454/9 | €996 | - | -€996 | |
| Remuneration, social security and pensions | 62 | €6,077 | €3,178 | -€2,899 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €58 | -€636 | -91.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,985 | - | -€6,985 | |
| Other operating charges | 640/8 | €13,650 | €7,418 | -€6,232 | -45.7% |
| Gross operating margin | 9900 | €50,174 | €1,647 | -€48,527 | -96.7% |
| Operating profit (loss) | 9901 | €22,769 | -€9,007 | -€31,776 | |
| Financial income | 75/76B | €16 | €1,130 | +€1,114 | +6,801% |
| Recurring financial income | 75 | €16 | €1,130 | +€1,114 | +6,801% |
| Financial charges | 65/66B | €1,017 | €306 | -€712 | -70.0% |
| Recurring financial charges | 65 | €1,017 | €306 | -€712 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €21,768 | -€8,182 | -€29,950 | |
| Income taxes | 67/77 | €5,390 | -€516 | -€5,906 | |
| Profit (loss) for the period | 9904 | €16,378 | -€7,666 | -€24,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,378 | -€7,666 | -€24,044 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.