ETRAMO: 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.
What changed
ETRAMO
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€495,468
2024 · €497,485-€2,016
Equity
€4.4m
2024 · €4.5m-€23,532
Cash
€1.6m
2024 · €2.1m-€484,706
Balance sheet total
€6.3m
2024 · €6.1m+€218,073
Largest movements
Assets
- Cash -€484,706
down €484,706 (-22.9%), from €2.1m to €1.6m
mainly Contributions, distributions and other (-€519,000) and Stocks and contracts (-€370,183)
- Stocks and contracts +€370,183
up €370,183 (+12.1%), from €3.0m to €3.4m
- Current investments +€250,000
up €250,000, from €0 to €250,000
- Receivables within one year +€63,373
up €63,373 (+9.6%), from €661,391 to €724,764
of which Other amounts receivable: +€58,219
Equity and liabilities
- Other debts +€443,974
up €443,974 (+43.5%), from €1.0m to €1.5m
- Trade debts -€165,394
down €165,394 (-40.3%), from €409,903 to €244,508
Income statement
- Gross operating margin -€192,538
down €192,538 (-16.7%), from €1.2m to €963,656
- Financial income +€170,411
up €170,411 (+316%), from €53,885 to €224,296
- Taxes -€36,843
down €36,843 (-22.6%), from €163,198 to €126,355
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.
Result 2024
€497,485
Gross operating margin
-€192,538
Staff costs
+€3,789
Depreciation
-€11,414
Write-downs
-€2,969
Other operating charges
+€2,912
Financial income
+€170,411
Financial charges
-€9,051
Taxes
+€36,843
Result 2025
€495,468
raises the resultlowers the result
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.
From operations
+€373,177
Investment
-€338,883
Financing
-€519,000
Cash 2024
€2.1m
From operations (derived)
+€373,177
Net result for the year
+€495,468
Depreciation
+€60,685
Stocks and contracts
-€370,183
Receivables within one year
-€63,373
Deferred charges and accrued income
+€8,976
Trade debts
-€165,394
Tax, wage and social debts
-€2,148
Other debts
+€443,974
Accrued charges and deferred income
-€34,828
Investment (derived)
-€338,883
Investment in fixed assets (net)
-€88,883
Current investments
-€250,000
Financing
-€519,000
Contributions, distributions and other
-€519,000
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,073,848 | €6,291,921 | +€218,073 | +3.6% |
| Fixed assets | 21/28 | €184,895 | €213,094 | +€28,198 | +15.3% |
| Intangible fixed assets | 21 | €30,404 | €20,873 | -€9,532 | -31.4% |
| Tangible fixed assets | 22/27 | €153,591 | €190,821 | +€37,230 | +24.2% |
| Plant, machinery and equipment | 23 | €5,967 | €11,068 | +€5,101 | +85.5% |
| Furniture and vehicles | 24 | €107,726 | €147,901 | +€40,175 | +37.3% |
| Other tangible fixed assets | 26 | €39,898 | €31,852 | -€8,046 | -20.2% |
| Financial fixed assets | 28 | €900 | €1,400 | +€500 | +55.6% |
| Current assets | 29/58 | €5,888,953 | €6,078,828 | +€189,874 | +3.2% |
| Stocks and contracts in progress | 3 | €3,048,935 | €3,419,118 | +€370,183 | +12.1% |
| Stocks | 30/36 | €3,048,935 | €3,419,118 | +€370,183 | +12.1% |
| Amounts receivable within one year | 40/41 | €661,391 | €724,764 | +€63,373 | +9.6% |
| Trade receivables | 40 | €614,846 | €620,001 | +€5,155 | +0.8% |
| Other amounts receivable | 41 | €46,545 | €104,763 | +€58,219 | +125% |
| Current investments | 50/53 | €0 | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €2,114,914 | €1,630,208 | -€484,706 | -22.9% |
| Deferred charges and accrued income | 490/1 | €63,713 | €54,737 | -€8,976 | -14.1% |
| Total equity and liabilities | 10/49 | €6,073,848 | €6,291,921 | +€218,073 | +3.6% |
| Equity | 10/15 | €4,472,637 | €4,449,105 | -€23,532 | -0.5% |
| Contributions | 10/11 | €1,172,000 | €1,172,000 | = | 0.0% |
| Reserves | 13 | €3,282,901 | €3,258,301 | -€24,600 | -0.7% |
| Non-distributable reserves | 130/1 | €45,200 | €45,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,200 | €45,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €294,700 | +€168,400 | +133% |
| Distributable reserves | 133 | €3,111,401 | €2,918,401 | -€193,000 | -6.2% |
| Profit (loss) carried forward | 14 | €17,736 | €18,804 | +€1,068 | +6.0% |
| Provisions and deferred taxes | 16 | €2,975 | €2,975 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,975 | €2,975 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,975 | €2,975 | = | 0.0% |
| Amounts payable | 17/49 | €1,598,237 | €1,839,841 | +€241,604 | +15.1% |
| Amounts payable within one year | 42/48 | €1,484,521 | €1,760,953 | +€276,432 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €409,903 | €244,508 | -€165,394 | -40.3% |
| Suppliers | 440/4 | €409,903 | €244,508 | -€165,394 | -40.3% |
| Taxes, remuneration and social security | 45 | €53,517 | €51,369 | -€2,148 | -4.0% |
| Taxes | 450/3 | €7,500 | €6,271 | -€1,229 | -16.4% |
| Remuneration and social security | 454/9 | €46,017 | €45,099 | -€918 | -2.0% |
| Other amounts payable | 47/48 | €1,021,101 | €1,465,075 | +€443,974 | +43.5% |
| Accrued charges and deferred income | 492/3 | €113,716 | €78,888 | -€34,828 | -30.6% |
| Non-recurring operating income | 76A | €16,574 | €20,000 | +€3,426 | +20.7% |
| Remuneration, social security and pensions | 62 | €417,726 | €413,937 | -€3,789 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,271 | €60,685 | +€11,414 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,969 | €0 | +€2,969 | |
| Other operating charges | 640/8 | €6,217 | €3,305 | -€2,912 | -46.8% |
| Gross operating margin | 9900 | €1,156,194 | €963,656 | -€192,538 | -16.7% |
| Operating profit (loss) | 9901 | €685,949 | €485,729 | -€200,220 | -29.2% |
| Financial income | 75/76B | €53,885 | €224,296 | +€170,411 | +316% |
| Recurring financial income | 75 | €53,885 | €224,296 | +€170,411 | +316% |
| Financial charges | 65/66B | €79,151 | €88,202 | +€9,051 | +11.4% |
| Recurring financial charges | 65 | €79,151 | €88,202 | +€9,051 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €660,683 | €621,823 | -€38,860 | -5.9% |
| Income taxes | 67/77 | €163,198 | €126,355 | -€36,843 | -22.6% |
| Profit (loss) for the period | 9904 | €497,485 | €495,468 | -€2,016 | -0.4% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €168,400 | +€42,100 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €371,185 | €327,068 | -€44,116 | -11.9% |
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 15 October 2026 via checked.be.