ETWeb: 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.
ETWeb
Largest movements
- Current investments +€100,849
up €100,849 (+25.2%), from €400,000 to €500,849
- Cash +€20,769
up €20,769 (+101.4%), from €20,489 to €41,257
mainly Net result for the year (+€134,307) and Trade debts (+€10,515)
- Receivables within one year +€20,112
up €20,112 (+16.6%), from €121,274 to €141,386
of which Trade receivables: +€20,112
- Profit (loss) carried forward +€134,307
up €134,307, from -€0 to €134,307
- Trade debts +€10,515
up €10,515 (+94.7%), from €11,103 to €21,618
- Tax, wage and social debts -€6,963
down €6,963 (-21.4%), from €32,467 to €25,504
- Taxes -€15,186
down €15,186 (-27.7%), from €54,918 to €39,732
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 | €554,281 | €691,267 | +€136,987 | +24.7% |
| Fixed assets | 21/28 | €12,517 | €7,775 | -€4,743 | -37.9% |
| Tangible fixed assets | 22/27 | €12,517 | €7,775 | -€4,743 | -37.9% |
| Plant, machinery and equipment | 23 | €4,396 | €3,464 | -€933 | -21.2% |
| Furniture and vehicles | 24 | €8,121 | €4,311 | -€3,810 | -46.9% |
| Current assets | 29/58 | €541,763 | €683,493 | +€141,729 | +26.2% |
| Amounts receivable within one year | 40/41 | €121,274 | €141,386 | +€20,112 | +16.6% |
| Trade receivables | 40 | €106,274 | €126,386 | +€20,112 | +18.9% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Current investments | 50/53 | €400,000 | €500,849 | +€100,849 | +25.2% |
| Cash at bank and in hand | 54/58 | €20,489 | €41,257 | +€20,769 | +101.4% |
| Total equity and liabilities | 10/49 | €554,281 | €691,267 | +€136,987 | +24.7% |
| Equity | 10/15 | €477,971 | €612,278 | +€134,307 | +28.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €471,771 | €471,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,427 | €1,427 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,427 | €1,427 | = | 0.0% |
| Distributable reserves | 133 | €470,344 | €470,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€0 | €134,307 | +€134,307 | |
| Amounts payable | 17/49 | €76,310 | €78,989 | +€2,680 | +3.5% |
| Amounts payable within one year | 42/48 | €76,310 | €77,595 | +€1,286 | +1.7% |
| Trade debts | 44 | €11,103 | €21,618 | +€10,515 | +94.7% |
| Suppliers | 440/4 | €11,103 | €21,618 | +€10,515 | +94.7% |
| Taxes, remuneration and social security | 45 | €32,467 | €25,504 | -€6,963 | -21.4% |
| Taxes | 450/3 | €32,467 | €25,504 | -€6,963 | -21.4% |
| Other amounts payable | 47/48 | €32,739 | €30,473 | -€2,266 | -6.9% |
| Accrued charges and deferred income | 492/3 | - | €1,394 | +€1,394 | |
| Turnover | 70 | €354,017 | €357,414 | +€3,397 | +1.0% |
| Non-recurring operating income | 76A | €14,071 | €14,057 | -€15 | -0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €197,569 | €198,620 | +€1,051 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,447 | €4,743 | +€295 | +6.6% |
| Other operating charges | 640/8 | €673 | €675 | +€2 | +0.3% |
| Gross operating margin | 9900 | €170,519 | €172,851 | +€2,331 | +1.4% |
| Operating profit (loss) | 9901 | €165,399 | €167,433 | +€2,034 | +1.2% |
| Financial income | 75/76B | €9,521 | €7,063 | -€2,458 | -25.8% |
| Recurring financial income | 75 | €9,521 | €7,063 | -€2,458 | -25.8% |
| Financial charges | 65/66B | €265 | €458 | +€193 | +72.9% |
| Recurring financial charges | 65 | €265 | €458 | +€193 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €174,656 | €174,038 | -€617 | -0.4% |
| Income taxes | 67/77 | €54,918 | €39,732 | -€15,186 | -27.7% |
| Profit (loss) for the period | 9904 | €119,738 | €134,307 | +€14,569 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,738 | €134,307 | +€14,569 | +12.2% |
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.