Groupe ETA: 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.
Groupe ETA
Largest movements
- Receivables within one year +€20,539
up €20,539 (+81.5%), from €25,196 to €45,735
of which Trade receivables: +€20,445
- Tangible fixed assets -€7,810
down €7,810 (-32.5%), from €24,023 to €16,213
of which Furniture and vehicles: -€7,300
- Trade debts +€16,044
up €16,044 (+7,706%), from €208 to €16,252
- Other debts +€7,346
up €7,346 (+161%), from €4,577 to €11,922
- Current portion of long-term debt -€6,701
no longer reported in 2024 (was €6,701)
- Tax, wage and social debts -€2,389
down €2,389 (-54.5%), from €4,386 to €1,996
of which Remuneration and social security: -€1,662
- Profit (loss) carried forward -€2,092
down €2,092 (-15.7%), from €13,348 to €11,256
- Gross operating margin +€36,175
up €36,175, from -€9,291 to €26,885
- Other operating charges +€2,443
up €2,443 (+626%), from €390 to €2,832
- Depreciation -€2,433
down €2,433 (-23.8%), from €10,244 to €7,810
- Staff costs -€1,584
down €1,584 (-25.2%), from €6,294 to €4,710
- Financial charges -€849
down €849 (-34.3%), from €2,473 to €1,623
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,220 | €61,949 | +€12,729 | +25.9% |
| Fixed assets | 21/28 | €24,023 | €16,213 | -€7,810 | -32.5% |
| Tangible fixed assets | 22/27 | €24,023 | €16,213 | -€7,810 | -32.5% |
| Plant, machinery and equipment | 23 | €1,882 | €1,372 | -€510 | -27.1% |
| Furniture and vehicles | 24 | €22,141 | €14,841 | -€7,300 | -33.0% |
| Current assets | 29/58 | €25,196 | €45,735 | +€20,539 | +81.5% |
| Amounts receivable within one year | 40/41 | €25,196 | €45,735 | +€20,539 | +81.5% |
| Trade receivables | 40 | €24,599 | €45,044 | +€20,445 | +83.1% |
| Other amounts receivable | 41 | €597 | €691 | +€94 | +15.7% |
| Total equity and liabilities | 10/49 | €49,220 | €61,949 | +€12,729 | +25.9% |
| Equity | 10/15 | €18,348 | €16,256 | -€2,092 | -11.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,348 | €11,256 | -€2,092 | -15.7% |
| Amounts payable | 17/49 | €30,871 | €45,692 | +€14,821 | +48.0% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,872 | €30,693 | +€14,821 | +93.4% |
| Current portion of amounts payable after more than one year | 42 | €6,701 | - | -€6,701 | |
| Financial debts | 43 | €0 | €522 | +€522 | |
| Credit institutions | 430/8 | - | €522 | +€522 | |
| Trade debts | 44 | €208 | €16,252 | +€16,044 | +7,706% |
| Suppliers | 440/4 | €208 | €16,252 | +€16,044 | +7,706% |
| Taxes, remuneration and social security | 45 | €4,386 | €1,996 | -€2,389 | -54.5% |
| Taxes | 450/3 | €2,724 | €1,996 | -€728 | -26.7% |
| Remuneration and social security | 454/9 | €1,662 | - | -€1,662 | |
| Other amounts payable | 47/48 | €4,577 | €11,922 | +€7,346 | +161% |
| Remuneration, social security and pensions | 62 | €6,294 | €4,710 | -€1,584 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,244 | €7,810 | -€2,433 | -23.8% |
| Other operating charges | 640/8 | €390 | €2,832 | +€2,443 | +626% |
| Gross operating margin | 9900 | -€9,291 | €26,885 | +€36,175 | |
| Operating profit (loss) | 9901 | -€26,218 | €11,531 | +€37,750 | |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €2,473 | €1,623 | -€849 | -34.3% |
| Recurring financial charges | 65 | €2,473 | €1,623 | -€849 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,648 | €9,908 | +€38,556 | |
| Profit (loss) for the period | 9904 | -€28,648 | €9,908 | +€38,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,648 | €9,908 | +€38,556 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.