ETUFIMO nv: 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.
ETUFIMO nv
Largest movements
- Receivables after one year -€232,338
down €232,338 (-78.5%), from €295,852 to €63,514
- Other debts -€232,338
no longer reported in 2025 (was €232,338)
- Profit (loss) carried forward -€5,564
down €5,564 (-74.1%), from -€7,511 to -€13,075
- Turnover -€9,525
no longer reported in 2025 (was €9,525)
- Purchases and services -€8,907
no longer reported in 2025 (was €8,907)
- Financial charges -€3,651
down €3,651 (-99.7%), from €3,661 to €9
- Gross operating margin +€1,265
up €1,265 (+204.7%), from €618 to €1,883
- Other operating charges +€832
up €832 (+28.0%), from €2,968 to €3,800
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 | €375,890 | €139,813 | -€236,076 | -62.8% |
| Fixed assets | 21/28 | €76,171 | €72,452 | -€3,718 | -4.9% |
| Tangible fixed assets | 22/27 | €76,171 | €72,452 | -€3,718 | -4.9% |
| Land and buildings | 22 | €76,171 | €72,452 | -€3,718 | -4.9% |
| Current assets | 29/58 | €299,719 | €67,361 | -€232,358 | -77.5% |
| Amounts receivable after more than one year | 29 | €295,852 | €63,514 | -€232,338 | -78.5% |
| Other amounts receivable | 291 | €295,852 | €63,514 | -€232,338 | -78.5% |
| Amounts receivable within one year | 40/41 | €3,000 | €3,000 | = | 0.0% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €867 | €846 | -€20 | -2.3% |
| Total equity and liabilities | 10/49 | €375,890 | €139,813 | -€236,076 | -62.8% |
| Equity | 10/15 | €143,552 | €137,987 | -€5,564 | -3.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,062 | €1,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €363 | €363 | = | 0.0% |
| Legal reserve | 130 | €363 | €363 | = | 0.0% |
| Distributable reserves | 133 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,511 | -€13,075 | -€5,564 | -74.1% |
| Amounts payable | 17/49 | €232,338 | €1,826 | -€230,512 | -99.2% |
| Amounts payable within one year | 42/48 | €232,338 | €1,826 | -€230,512 | -99.2% |
| Trade debts | 44 | - | €1,826 | +€1,826 | |
| Suppliers | 440/4 | - | €1,826 | +€1,826 | |
| Other amounts payable | 47/48 | €232,338 | - | -€232,338 | |
| Turnover | 70 | €9,525 | - | -€9,525 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,907 | - | -€8,907 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,718 | €3,718 | = | 0.0% |
| Other operating charges | 640/8 | €2,968 | €3,800 | +€832 | +28.0% |
| Gross operating margin | 9900 | €618 | €1,883 | +€1,265 | +204.7% |
| Operating profit (loss) | 9901 | -€6,068 | -€5,635 | +€433 | +7.1% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €3,661 | €9 | -€3,651 | -99.7% |
| Recurring financial charges | 65 | €3,661 | €9 | -€3,651 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,729 | -€5,564 | +€4,165 | +42.8% |
| Profit (loss) for the period | 9904 | -€9,729 | -€5,564 | +€4,165 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,729 | -€5,564 | +€4,165 | +42.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.