ETRIX: 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.
ETRIX
Largest movements
- Receivables within one year -€25,284
down €25,284 (-71.4%), from €35,426 to €10,142
of which Trade receivables: -€25,284
- Cash +€5,876
up €5,876 (+77.7%), from €7,567 to €13,443
mainly Receivables within one year (+€25,284) and Net result for the year (+€6,397)
- Stocks and contracts -€3,283
down €3,283 (-11.6%), from €28,423 to €25,139
- Tangible fixed assets -€983
down €983 (-55.4%), from €1,774 to €791
of which Furniture and vehicles: -€497
- Advances received -€18,817
down €18,817 (-100.0%), from €18,817 to €0
- Current portion of long-term debt -€6,901
down €6,901 (-56.3%), from €12,267 to €5,366
- Profit (loss) carried forward +€6,397
up €6,397 (+34.5%), from -€18,523 to -€12,127
- Debts after one year -€5,366
down €5,366 (-21.2%), from €25,366 to €20,000
- Tax, wage and social debts +€2,727
up €2,727 (+39.7%), from €6,862 to €9,590
- Financial income -€3,420
down €3,420 (-93.3%), from €3,668 to €247
- Gross operating margin -€1,757
down €1,757 (-15.8%), from €11,127 to €9,371
- Depreciation -€1,126
down €1,126 (-53.4%), from €2,109 to €983
- Financial charges -€1,063
down €1,063 (-33.4%), from €3,181 to €2,118
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
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 | €73,189 | €49,515 | -€23,674 | -32.3% |
| Fixed assets | 21/28 | €1,774 | €791 | -€983 | -55.4% |
| Tangible fixed assets | 22/27 | €1,774 | €791 | -€983 | -55.4% |
| Plant, machinery and equipment | 23 | €902 | €417 | -€486 | -53.8% |
| Furniture and vehicles | 24 | €872 | €375 | -€497 | -57.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €71,415 | €48,724 | -€22,691 | -31.8% |
| Stocks and contracts in progress | 3 | €28,423 | €25,139 | -€3,283 | -11.6% |
| Stocks | 30/36 | €28,423 | €25,139 | -€3,283 | -11.6% |
| Amounts receivable within one year | 40/41 | €35,426 | €10,142 | -€25,284 | -71.4% |
| Trade receivables | 40 | €35,426 | €10,142 | -€25,284 | -71.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,567 | €13,443 | +€5,876 | +77.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €73,189 | €49,515 | -€23,674 | -32.3% |
| Equity | 10/15 | -€13,523 | -€7,127 | +€6,397 | +47.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,523 | -€12,127 | +€6,397 | +34.5% |
| Amounts payable | 17/49 | €86,713 | €56,642 | -€30,071 | -34.7% |
| Amounts payable after more than one year | 17 | €25,366 | €20,000 | -€5,366 | -21.2% |
| Financial debts | 170/4 | €25,366 | €20,000 | -€5,366 | -21.2% |
| Amounts payable within one year | 42/48 | €61,347 | €36,642 | -€24,705 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €12,267 | €5,366 | -€6,901 | -56.3% |
| Trade debts | 44 | €2,806 | €595 | -€2,211 | -78.8% |
| Suppliers | 440/4 | €2,806 | €595 | -€2,211 | -78.8% |
| Advances received on contracts in progress | 46 | €18,817 | €0 | -€18,817 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,862 | €9,590 | +€2,727 | +39.7% |
| Taxes | 450/3 | €6,862 | €9,590 | +€2,727 | +39.7% |
| Other amounts payable | 47/48 | €20,595 | €21,092 | +€496 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,109 | €983 | -€1,126 | -53.4% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | €11,127 | €9,371 | -€1,757 | -15.8% |
| Operating profit (loss) | 9901 | €8,513 | €8,268 | -€246 | -2.9% |
| Financial income | 75/76B | €3,668 | €247 | -€3,420 | -93.3% |
| Recurring financial income | 75 | €3,668 | €247 | -€3,420 | -93.3% |
| Financial charges | 65/66B | €3,181 | €2,118 | -€1,063 | -33.4% |
| Recurring financial charges | 65 | €3,181 | €2,118 | -€1,063 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €9,000 | €6,397 | -€2,603 | -28.9% |
| Profit (loss) for the period | 9904 | €9,000 | €6,397 | -€2,603 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,000 | €6,397 | -€2,603 | -28.9% |
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 3 October 2026 via checked.be.