ETyMO: 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.
ETyMO
Largest movements
- Cash -€25,752
down €25,752 (-99.9%), from €25,790 to €38
mainly Other debts (-€22,290) and Advances received (-€14,080)
- Tangible fixed assets -€3,748
down €3,748 (-29.5%), from €12,685 to €8,937
of which Plant, machinery and equipment: -€3,656
- Other debts -€22,290
down €22,290 (-81.2%), from €27,462 to €5,172
- Advances received -€14,080
no longer reported in 2025 (was €14,080)
- Short-term financial debts +€7,735
up €7,735 (+9,865%), from €78 to €7,814
- Profit (loss) carried forward +€4,307
up €4,307 (+46.9%), from -€9,183 to -€4,876
- Trade debts -€2,599
down €2,599 (-47.2%), from €5,505 to €2,906
- Gross operating margin -€13,899
down €13,899 (-53.3%), from €26,075 to €12,176
- Taxes -€4,094
down €4,094 (-71.9%), from €5,694 to €1,600
- Depreciation -€4,031
down €4,031 (-51.6%), from €7,809 to €3,778
- Other operating charges +€614
up €614 (+64.3%), from €955 to €1,569
- Financial charges -€387
down €387 (-29.2%), from €1,325 to €938
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 | €114,137 | €84,529 | -€29,608 | -25.9% |
| Fixed assets | 21/28 | €12,690 | €8,997 | -€3,693 | -29.1% |
| Tangible fixed assets | 22/27 | €12,685 | €8,937 | -€3,748 | -29.5% |
| Plant, machinery and equipment | 23 | €12,593 | €8,937 | -€3,656 | -29.0% |
| Furniture and vehicles | 24 | €92 | - | -€92 | |
| Financial fixed assets | 28 | €5 | €60 | +€55 | +1,109% |
| Current assets | 29/58 | €101,448 | €75,532 | -€25,915 | -25.5% |
| Stocks and contracts in progress | 3 | €2,965 | €2,590 | -€375 | -12.6% |
| Stocks | 30/36 | €2,965 | €2,590 | -€375 | -12.6% |
| Amounts receivable within one year | 40/41 | €72,203 | €72,599 | +€396 | +0.5% |
| Trade receivables | 40 | €72,192 | €72,360 | +€167 | +0.2% |
| Other amounts receivable | 41 | €10 | €239 | +€229 | +2,269% |
| Cash at bank and in hand | 54/58 | €25,790 | €38 | -€25,752 | -99.9% |
| Deferred charges and accrued income | 490/1 | €490 | €306 | -€184 | -37.6% |
| Total equity and liabilities | 10/49 | €114,137 | €84,529 | -€29,608 | -25.9% |
| Equity | 10/15 | €55,791 | €60,097 | +€4,307 | +7.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,183 | -€4,876 | +€4,307 | +46.9% |
| Amounts payable | 17/49 | €58,347 | €24,432 | -€33,914 | -58.1% |
| Amounts payable within one year | 42/48 | €58,347 | €24,432 | -€33,914 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €350 | - | -€350 | |
| Financial debts | 43 | €78 | €7,814 | +€7,735 | +9,865% |
| Credit institutions | 430/8 | €78 | €7,814 | +€7,735 | +9,865% |
| Trade debts | 44 | €5,505 | €2,906 | -€2,599 | -47.2% |
| Suppliers | 440/4 | €5,505 | €2,906 | -€2,599 | -47.2% |
| Advances received on contracts in progress | 46 | €14,080 | - | -€14,080 | |
| Taxes, remuneration and social security | 45 | €10,871 | €8,540 | -€2,331 | -21.4% |
| Taxes | 450/3 | €10,871 | €8,540 | -€2,331 | -21.4% |
| Other amounts payable | 47/48 | €27,462 | €5,172 | -€22,290 | -81.2% |
| Non-recurring operating income | 76A | €37 | €197 | +€161 | +437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,809 | €3,778 | -€4,031 | -51.6% |
| Other operating charges | 640/8 | €955 | €1,569 | +€614 | +64.3% |
| Non-recurring operating charges | 66A | €433 | €2 | -€430 | -99.5% |
| Gross operating margin | 9900 | €26,075 | €12,176 | -€13,899 | -53.3% |
| Operating profit (loss) | 9901 | €16,879 | €6,827 | -€10,052 | -59.6% |
| Financial income | 75/76B | €184 | €17 | -€167 | -90.6% |
| Recurring financial income | 75 | €184 | €17 | -€167 | -90.6% |
| Financial charges | 65/66B | €1,325 | €938 | -€387 | -29.2% |
| Recurring financial charges | 65 | €1,325 | €938 | -€387 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €15,738 | €5,907 | -€9,832 | -62.5% |
| Income taxes | 67/77 | €5,694 | €1,600 | -€4,094 | -71.9% |
| Profit (loss) for the period | 9904 | €10,044 | €4,307 | -€5,737 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,044 | €4,307 | -€5,737 | -57.1% |
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 18 October 2026 via checked.be.