ETTOR: 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.
ETTOR
Largest movements
- Receivables within one year -€401
down €401 (-50.0%), from €801 to €400
- Profit (loss) carried forward -€4,022
down €4,022 (-5.6%), from -€72,281 to -€76,304
- Other debts +€2,300
up €2,300 (+3.8%), from €60,259 to €62,559
- Trade debts +€1,479
up €1,479 (+15.8%), from €9,335 to €10,813
- Gross operating margin -€246
down €246 (-7.6%), from -€3,237 to -€3,484
- Financial charges -€75
down €75 (-35.1%), from €214 to €139
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 | €16,533 | €16,136 | -€397 | -2.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €15,033 | €14,636 | -€397 | -2.6% |
| Stocks and contracts in progress | 3 | €14,219 | €14,219 | = | 0.0% |
| Stocks | 30/36 | €14,219 | €14,219 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €801 | €400 | -€401 | -50.0% |
| Other amounts receivable | 41 | €801 | €400 | -€401 | -50.0% |
| Cash at bank and in hand | 54/58 | €12 | €16 | +€4 | +28.6% |
| Total equity and liabilities | 10/49 | €16,533 | €16,136 | -€397 | -2.4% |
| Equity | 10/15 | -€53,353 | -€57,375 | -€4,022 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328 | €328 | = | 0.0% |
| Non-distributable reserves | 130/1 | €328 | €328 | = | 0.0% |
| Legal reserve | 130 | €328 | €328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,281 | -€76,304 | -€4,022 | -5.6% |
| Amounts payable | 17/49 | €69,886 | €73,511 | +€3,625 | +5.2% |
| Amounts payable within one year | 42/48 | €69,886 | €73,511 | +€3,625 | +5.2% |
| Financial debts | 43 | €292 | €139 | -€153 | -52.5% |
| Credit institutions | 430/8 | €292 | €139 | -€153 | -52.5% |
| Trade debts | 44 | €9,335 | €10,813 | +€1,479 | +15.8% |
| Suppliers | 440/4 | €9,335 | €10,813 | +€1,479 | +15.8% |
| Other amounts payable | 47/48 | €60,259 | €62,559 | +€2,300 | +3.8% |
| Other operating charges | 640/8 | €384 | €400 | +€15 | +4.0% |
| Gross operating margin | 9900 | -€3,237 | -€3,484 | -€246 | -7.6% |
| Operating profit (loss) | 9901 | -€3,622 | -€3,883 | -€261 | -7.2% |
| Financial charges | 65/66B | €214 | €139 | -€75 | -35.1% |
| Recurring financial charges | 65 | €214 | €139 | -€75 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,836 | -€4,022 | -€186 | -4.9% |
| Profit (loss) for the period | 9904 | -€3,836 | -€4,022 | -€186 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,836 | -€4,022 | -€186 | -4.9% |
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 28 September 2026 via checked.be.