Etrax: 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.
Etrax
Largest movements
- Receivables within one year +€36,330
up €36,330 (+160%), from €22,730 to €59,060
of which Trade receivables: +€56,115
- Cash +€27,564
up €27,564 (+7,336%), from €376 to €27,940
mainly Net result for the year (+€51,420) and Other debts (+€7,220)
- Deferred charges and accrued income -€1,954
down €1,954 (-89.4%), from €2,185 to €231
- Intangible fixed assets -€1,520
down €1,520 (-22.0%), from €6,924 to €5,404
- Profit (loss) carried forward +€51,420
up €51,420 (+347%), from €14,828 to €66,248
- Other debts +€7,220
up €7,220 (+182%), from €3,974 to €11,194
- Tax, wage and social debts +€2,475
up €2,475 (+46.5%), from €5,318 to €7,793
- Gross operating margin +€47,611
up €47,611 (+236%), from €20,156 to €67,767
- Taxes +€9,423
up €9,423 (+243%), from €3,876 to €13,299
- Financial charges +€1,336
up €1,336 (+2,424%), from €55 to €1,391
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 | €35,465 | €95,735 | +€60,270 | +170% |
| Fixed assets | 21/28 | €7,240 | €5,570 | -€1,670 | -23.1% |
| Intangible fixed assets | 21 | €6,924 | €5,404 | -€1,520 | -22.0% |
| Tangible fixed assets | 22/27 | €316 | €166 | -€150 | -47.5% |
| Furniture and vehicles | 24 | €316 | €166 | -€150 | -47.5% |
| Current assets | 29/58 | €28,226 | €90,166 | +€61,940 | +219% |
| Stocks and contracts in progress | 3 | €2,935 | €2,935 | = | 0.0% |
| Stocks | 30/36 | €2,935 | €2,935 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,730 | €59,060 | +€36,330 | +160% |
| Trade receivables | 40 | €2,945 | €59,060 | +€56,115 | +1,905% |
| Other amounts receivable | 41 | €19,785 | €0 | -€19,785 | -100% |
| Cash at bank and in hand | 54/58 | €376 | €27,940 | +€27,564 | +7,336% |
| Deferred charges and accrued income | 490/1 | €2,185 | €231 | -€1,954 | -89.4% |
| Total equity and liabilities | 10/49 | €35,465 | €95,735 | +€60,270 | +170% |
| Equity | 10/15 | €23,328 | €74,748 | +€51,420 | +220% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,828 | €66,248 | +€51,420 | +347% |
| Amounts payable | 17/49 | €12,137 | €20,987 | +€8,850 | +72.9% |
| Amounts payable within one year | 42/48 | €11,648 | €20,987 | +€9,340 | +80.2% |
| Trade debts | 44 | €2,355 | €2,000 | -€355 | -15.1% |
| Suppliers | 440/4 | €2,355 | €2,000 | -€355 | -15.1% |
| Taxes, remuneration and social security | 45 | €5,318 | €7,793 | +€2,475 | +46.5% |
| Taxes | 450/3 | €5,318 | €7,793 | +€2,475 | +46.5% |
| Other amounts payable | 47/48 | €3,974 | €11,194 | +€7,220 | +182% |
| Accrued charges and deferred income | 492/3 | €489 | €0 | -€489 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,010 | €1,670 | +€660 | +65.3% |
| Other operating charges | 640/8 | €392 | - | -€392 | |
| Gross operating margin | 9900 | €20,156 | €67,767 | +€47,611 | +236% |
| Operating profit (loss) | 9901 | €18,754 | €66,097 | +€47,343 | +252% |
| Financial income | 75/76B | €6 | €13 | +€7 | +131% |
| Recurring financial income | 75 | €6 | €13 | +€7 | +131% |
| Financial charges | 65/66B | €55 | €1,391 | +€1,336 | +2,424% |
| Recurring financial charges | 65 | €55 | €1,391 | +€1,336 | +2,424% |
| Profit (loss) for the period before taxes | 9903 | €18,704 | €64,718 | +€46,014 | +246% |
| Income taxes | 67/77 | €3,876 | €13,299 | +€9,423 | +243% |
| Profit (loss) for the period | 9904 | €14,828 | €51,420 | +€36,592 | +247% |
| Profit (loss) for the period to be appropriated | 9905 | €14,828 | €51,420 | +€36,592 | +247% |
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.