Ettol: 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.
Ettol
Largest movements
- Cash +€17,394
up €17,394 (+149%), from €11,697 to €29,092
mainly Net result for the year (+€42,553) and Depreciation (+€13,003)
- Tangible fixed assets -€13,003
down €13,003 (-32.9%), from €39,536 to €26,533
- Reserves +€42,553
up €42,553 (+54.8%), from €77,644 to €120,197
- Debts after one year -€40,276
down €40,276 (-16.3%), from €247,758 to €207,482
No income-statement line moved by more than 1% of the activity.
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 | €419,072 | €423,578 | +€4,507 | +1.1% |
| Fixed assets | 21/28 | €389,536 | €376,533 | -€13,003 | -3.3% |
| Tangible fixed assets | 22/27 | €39,536 | €26,533 | -€13,003 | -32.9% |
| Furniture and vehicles | 24 | €39,536 | €26,533 | -€13,003 | -32.9% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €29,536 | €47,045 | +€17,509 | +59.3% |
| Amounts receivable within one year | 40/41 | €16,335 | €16,338 | +€3 | 0.0% |
| Trade receivables | 40 | €16,335 | €16,335 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €11,697 | €29,092 | +€17,394 | +149% |
| Deferred charges and accrued income | 490/1 | €1,503 | €1,615 | +€112 | +7.4% |
| Total equity and liabilities | 10/49 | €419,072 | €423,578 | +€4,507 | +1.1% |
| Equity | 10/15 | €102,644 | €145,197 | +€42,553 | +41.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €77,644 | €120,197 | +€42,553 | +54.8% |
| Distributable reserves | 133 | €77,644 | €120,197 | +€42,553 | +54.8% |
| Amounts payable | 17/49 | €316,427 | €278,381 | -€38,046 | -12.0% |
| Amounts payable after more than one year | 17 | €247,758 | €207,482 | -€40,276 | -16.3% |
| Financial debts | 170/4 | €247,758 | €207,482 | -€40,276 | -16.3% |
| Amounts payable within one year | 42/48 | €68,669 | €70,899 | +€2,230 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €43,115 | €43,835 | +€720 | +1.7% |
| Trade debts | 44 | €445 | €1,251 | +€806 | +181% |
| Suppliers | 440/4 | €445 | €1,251 | +€806 | +181% |
| Taxes, remuneration and social security | 45 | €22,340 | €23,089 | +€749 | +3.4% |
| Taxes | 450/3 | €7,660 | €8,409 | +€749 | +9.8% |
| Remuneration and social security | 454/9 | €14,680 | €14,680 | = | 0.0% |
| Other amounts payable | 47/48 | €2,769 | €2,723 | -€46 | -1.6% |
| Non-recurring operating income | 76A | €662 | - | -€662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,903 | €13,003 | +€99 | +0.8% |
| Other operating charges | 640/8 | €236 | €256 | +€20 | +8.7% |
| Gross operating margin | 9900 | €81,585 | €81,564 | -€21 | 0.0% |
| Operating profit (loss) | 9901 | €68,447 | €68,306 | -€141 | -0.2% |
| Financial charges | 65/66B | €6,125 | €5,404 | -€721 | -11.8% |
| Recurring financial charges | 65 | €6,125 | €5,404 | -€721 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €62,321 | €62,902 | +€581 | +0.9% |
| Income taxes | 67/77 | €20,290 | €20,349 | +€59 | +0.3% |
| Profit (loss) for the period | 9904 | €42,031 | €42,553 | +€522 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,031 | €42,553 | +€522 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.