ETREBA: what changed
Two fiscal 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.
ETREBA
Largest movements
- Receivables within one year -€13,480
down €13,480 (-98.1%), from €13,747 to €267
of which Trade receivables: -€9,442
- Tangible fixed assets -€13,007
down €13,007 (-31.8%), from €40,848 to €27,841
of which Furniture and vehicles: -€10,626
- Deferred charges and accrued income +€7,425
up €7,425 (+966.8%), from €768 to €8,193
- Cash +€5,306
up €5,306 (+118.1%), from €4,492 to €9,798
mainly Receivables within one year (+€13,480) and Depreciation (+€13,007)
- Advances received -€16,692
no longer reported in 2025 (was €16,692)
- Other debts +€5,934
new in 2025: €5,934
- Tax, wage and social debts -€5,296
down €5,296 (-50.4%), from €10,502 to €5,206
- Reserves +€2,771
up €2,771 (+12.2%), from €22,623 to €25,394
- Turnover -€50,395
down €50,395 (-19.6%), from €257,244 to €206,849
- Purchases and services -€33,511
down €33,511 (-15.1%), from €222,568 to €189,057
- Gross operating margin -€16,884
down €16,884 (-48.7%), from €34,676 to €17,792
- Taxes -€4,635
down €4,635 (-81.3%), from €5,702 to €1,067
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.
Cash bridge derived
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 | €59,855 | €46,099 | -€13,756 | -23.0% |
| Fixed assets | 21/28 | €40,848 | €27,841 | -€13,007 | -31.8% |
| Tangible fixed assets | 22/27 | €40,848 | €27,841 | -€13,007 | -31.8% |
| Plant, machinery and equipment | 23 | €4,618 | €2,554 | -€2,064 | -44.7% |
| Furniture and vehicles | 24 | €34,752 | €24,126 | -€10,626 | -30.6% |
| Other tangible fixed assets | 26 | €1,478 | €1,161 | -€317 | -21.4% |
| Current assets | 29/58 | €19,007 | €18,258 | -€749 | -3.9% |
| Amounts receivable within one year | 40/41 | €13,747 | €267 | -€13,480 | -98.1% |
| Trade receivables | 40 | €9,709 | €267 | -€9,442 | -97.2% |
| Other amounts receivable | 41 | €4,038 | - | -€4,038 | |
| Cash at bank and in hand | 54/58 | €4,492 | €9,798 | +€5,306 | +118.1% |
| Deferred charges and accrued income | 490/1 | €768 | €8,193 | +€7,425 | +966.8% |
| Total equity and liabilities | 10/49 | €59,855 | €46,099 | -€13,756 | -23.0% |
| Equity | 10/15 | €27,623 | €30,394 | +€2,771 | +10.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,623 | €25,394 | +€2,771 | +12.2% |
| Distributable reserves | 133 | €22,623 | €25,394 | +€2,771 | +12.2% |
| Amounts payable | 17/49 | €32,232 | €15,705 | -€16,527 | -51.3% |
| Amounts payable within one year | 42/48 | €32,232 | €15,705 | -€16,527 | -51.3% |
| Trade debts | 44 | €5,038 | €4,565 | -€473 | -9.4% |
| Suppliers | 440/4 | €5,038 | €4,565 | -€473 | -9.4% |
| Advances received on contracts in progress | 46 | €16,692 | - | -€16,692 | |
| Taxes, remuneration and social security | 45 | €10,502 | €5,206 | -€5,296 | -50.4% |
| Taxes | 450/3 | €10,502 | €5,206 | -€5,296 | -50.4% |
| Other amounts payable | 47/48 | - | €5,934 | +€5,934 | |
| Turnover | 70 | €257,244 | €206,849 | -€50,395 | -19.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €222,568 | €189,057 | -€33,511 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,743 | €13,007 | +€264 | +2.1% |
| Other operating charges | 640/8 | €785 | €848 | +€63 | +8.0% |
| Gross operating margin | 9900 | €34,676 | €17,792 | -€16,884 | -48.7% |
| Operating profit (loss) | 9901 | €21,148 | €3,937 | -€17,211 | -81.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €163 | €100 | -€63 | -38.7% |
| Recurring financial charges | 65 | €163 | €100 | -€63 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €20,985 | €3,838 | -€17,147 | -81.7% |
| Income taxes | 67/77 | €5,702 | €1,067 | -€4,635 | -81.3% |
| Profit (loss) for the period | 9904 | €15,283 | €2,771 | -€12,512 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,283 | €2,771 | -€12,512 | -81.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.