Etran: 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.
Etran
Largest movements
- Current investments +€78,000
up €78,000 (+19.4%), from €402,000 to €480,000
- Reserves +€72,887
up €72,887 (+18.2%), from €400,701 to €473,588
- Gross operating margin +€5,874
up €5,874 (+6.3%), from €93,114 to €98,988
- Taxes +€1,015
up €1,015 (+3.7%), from €27,197 to €28,212
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 | €426,440 | €499,516 | +€73,076 | +17.1% |
| Fixed assets | 21/28 | €345 | - | -€345 | |
| Tangible fixed assets | 22/27 | €345 | - | -€345 | |
| Furniture and vehicles | 24 | €345 | - | -€345 | |
| Current assets | 29/58 | €426,095 | €499,516 | +€73,421 | +17.2% |
| Amounts receivable within one year | 40/41 | €18,491 | €16,117 | -€2,374 | -12.8% |
| Trade receivables | 40 | €18,491 | €16,117 | -€2,374 | -12.8% |
| Current investments | 50/53 | €402,000 | €480,000 | +€78,000 | +19.4% |
| Cash at bank and in hand | 54/58 | €3,344 | €1,324 | -€2,019 | -60.4% |
| Deferred charges and accrued income | 490/1 | €2,261 | €2,075 | -€186 | -8.2% |
| Total equity and liabilities | 10/49 | €426,440 | €499,516 | +€73,076 | +17.1% |
| Equity | 10/15 | €415,199 | €488,086 | +€72,887 | +17.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €400,701 | €473,588 | +€72,887 | +18.2% |
| Distributable reserves | 133 | €400,701 | €473,588 | +€72,887 | +18.2% |
| Profit (loss) carried forward | 14 | €238 | €238 | = | 0.0% |
| Amounts payable | 17/49 | €11,241 | €11,430 | +€189 | +1.7% |
| Amounts payable within one year | 42/48 | €11,241 | €11,430 | +€189 | +1.7% |
| Trade debts | 44 | €193 | €193 | +€0 | +0.1% |
| Suppliers | 440/4 | €193 | €193 | +€0 | +0.1% |
| Taxes, remuneration and social security | 45 | €5,645 | €6,204 | +€560 | +9.9% |
| Taxes | 450/3 | €5,645 | €6,204 | +€560 | +9.9% |
| Other amounts payable | 47/48 | €5,403 | €5,033 | -€370 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €345 | -€3 | -0.8% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €93,114 | €98,988 | +€5,874 | +6.3% |
| Operating profit (loss) | 9901 | €92,279 | €98,144 | +€5,864 | +6.4% |
| Financial income | 75/76B | €4,053 | €3,245 | -€808 | -19.9% |
| Recurring financial income | 75 | €4,053 | €3,245 | -€808 | -19.9% |
| Financial charges | 65/66B | €286 | €291 | +€5 | +1.7% |
| Recurring financial charges | 65 | €286 | €291 | +€5 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €96,047 | €101,098 | +€5,052 | +5.3% |
| Income taxes | 67/77 | €27,197 | €28,212 | +€1,015 | +3.7% |
| Profit (loss) for the period | 9904 | €68,850 | €72,887 | +€4,037 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,850 | €72,887 | +€4,037 | +5.9% |
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 14 October 2026 via checked.be.