ETRIXO: 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.
ETRIXO
Largest movements
- Cash +€29,607
up €29,607 (+130.4%), from €22,709 to €52,316
mainly Other debts (+€62,252) and Net result for the year (+€37,384)
- Receivables within one year +€9,043
up €9,043 (+32.7%), from €27,615 to €36,658
of which Trade receivables: +€10,987
- Intangible fixed assets -€3,000
down €3,000 (-41.5%), from €7,233 to €4,233
- Deferred charges and accrued income -€2,788
down €2,788 (-58.1%), from €4,795 to €2,007
- Tangible fixed assets -€2,018
down €2,018 (-36.5%), from €5,533 to €3,515
of which Furniture and vehicles: -€1,709
- Other debts +€62,252
up €62,252 (+3777.2%), from €1,648 to €63,901
- Profit (loss) carried forward -€26,517
no longer reported in 2025 (was €26,517)
- Debts after one year -€6,217
down €6,217 (-70.3%), from €8,850 to €2,632
- Trade debts -€2,043
down €2,043 (-34.1%), from €5,988 to €3,945
- Short-term financial debts +€1,646
up €1,646 (+57.7%), from €2,852 to €4,498
- Gross operating margin +€17,462
up €17,462 (+40.0%), from €43,647 to €61,109
- Taxes +€4,392
up €4,392 (+50.5%), from €8,702 to €13,094
- Depreciation -€3,470
down €3,470 (-37.4%), from €9,270 to €5,800
- Financial charges +€1,335
up €1,335 (+80.1%), from €1,666 to €3,000
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 | €74,393 | €105,237 | +€30,844 | +41.5% |
| Fixed assets | 21/28 | €19,274 | €14,256 | -€5,018 | -26.0% |
| Intangible fixed assets | 21 | €7,233 | €4,233 | -€3,000 | -41.5% |
| Tangible fixed assets | 22/27 | €5,533 | €3,515 | -€2,018 | -36.5% |
| Plant, machinery and equipment | 23 | €2,821 | €2,512 | -€309 | -11.0% |
| Furniture and vehicles | 24 | €2,713 | €1,003 | -€1,709 | -63.0% |
| Financial fixed assets | 28 | €6,508 | €6,508 | = | 0.0% |
| Current assets | 29/58 | €55,119 | €90,981 | +€35,862 | +65.1% |
| Amounts receivable within one year | 40/41 | €27,615 | €36,658 | +€9,043 | +32.7% |
| Trade receivables | 40 | €14,195 | €25,182 | +€10,987 | +77.4% |
| Other amounts receivable | 41 | €13,420 | €11,476 | -€1,944 | -14.5% |
| Cash at bank and in hand | 54/58 | €22,709 | €52,316 | +€29,607 | +130.4% |
| Deferred charges and accrued income | 490/1 | €4,795 | €2,007 | -€2,788 | -58.1% |
| Total equity and liabilities | 10/49 | €74,393 | €105,237 | +€30,844 | +41.5% |
| Equity | 10/15 | €45,117 | €18,600 | -€26,517 | -58.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,517 | - | -€26,517 | |
| Amounts payable | 17/49 | €29,277 | €86,637 | +€57,361 | +195.9% |
| Amounts payable after more than one year | 17 | €8,850 | €2,632 | -€6,217 | -70.3% |
| Financial debts | 170/4 | €8,850 | €2,632 | -€6,217 | -70.3% |
| Amounts payable within one year | 42/48 | €20,427 | €84,005 | +€63,578 | +311.2% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | €6,217 | +€140 | +2.3% |
| Financial debts | 43 | €2,852 | €4,498 | +€1,646 | +57.7% |
| Credit institutions | 430/8 | €2,852 | €4,498 | +€1,646 | +57.7% |
| Trade debts | 44 | €5,988 | €3,945 | -€2,043 | -34.1% |
| Suppliers | 440/4 | €5,988 | €3,945 | -€2,043 | -34.1% |
| Taxes, remuneration and social security | 45 | €3,863 | €5,444 | +€1,582 | +40.9% |
| Taxes | 450/3 | €13 | €3,094 | +€3,082 | +24322.4% |
| Remuneration and social security | 454/9 | €3,850 | €2,350 | -€1,500 | -39.0% |
| Other amounts payable | 47/48 | €1,648 | €63,901 | +€62,252 | +3777.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,270 | €5,800 | -€3,470 | -37.4% |
| Other operating charges | 640/8 | €1,163 | €1,196 | +€34 | +2.9% |
| Non-recurring operating charges | 66A | - | €897 | +€897 | |
| Gross operating margin | 9900 | €43,647 | €61,109 | +€17,462 | +40.0% |
| Operating profit (loss) | 9901 | €33,214 | €53,215 | +€20,001 | +60.2% |
| Financial income | 75/76B | €5 | €264 | +€258 | +5057.9% |
| Recurring financial income | 75 | €5 | €264 | +€258 | +5057.9% |
| Financial charges | 65/66B | €1,666 | €3,000 | +€1,335 | +80.1% |
| Recurring financial charges | 65 | €1,666 | €3,000 | +€1,335 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €31,554 | €50,478 | +€18,925 | +60.0% |
| Income taxes | 67/77 | €8,702 | €13,094 | +€4,392 | +50.5% |
| Profit (loss) for the period | 9904 | €22,851 | €37,384 | +€14,533 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,851 | €37,384 | +€14,533 | +63.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.