DE ETALAGE: 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.
DE ETALAGE
Largest movements
- Cash -€38,739
down €38,739 (-75.4%), from €51,408 to €12,669
mainly Current investments (-€30,000) and Investment in fixed assets (net) (-€21,916)
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets +€15,484
new in 2025: €15,484
of which Other tangible fixed assets: +€12,695
- Receivables within one year +€3,311
up €3,311 (+10.4%), from €31,970 to €35,282
of which Other amounts receivable: +€3,837
- Financial fixed assets +€3,240
new in 2025: €3,240
- Trade debts +€13,366
up €13,366 (+664%), from €2,012 to €15,378
- Other debts +€4,604
up €4,604 (+1,163%), from €396 to €5,000
- Reserves -€4,000
down €4,000 (-5.7%), from €70,000 to €66,000
- Tax, wage and social debts +€1,594
up €1,594 (+17.7%), from €8,982 to €10,577
of which Remuneration and social security: +€2,154
- Gross operating margin -€20,408
down €20,408 (-45.3%), from €45,018 to €24,610
- Taxes -€5,079
down €5,079 (-86.7%), from €5,859 to €780
- Depreciation +€2,432
new in 2025: €2,432
- Staff costs +€2,168
up €2,168 (+12.9%), from €16,866 to €19,034
- Other operating charges +€1,166
up €1,166 (+145%), from €803 to €1,969
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 | €83,997 | €99,556 | +€15,559 | +18.5% |
| Fixed assets | 21/28 | - | €19,484 | +€19,484 | |
| Intangible fixed assets | 21 | - | €760 | +€760 | |
| Tangible fixed assets | 22/27 | - | €15,484 | +€15,484 | |
| Plant, machinery and equipment | 23 | - | €2,789 | +€2,789 | |
| Other tangible fixed assets | 26 | - | €12,695 | +€12,695 | |
| Financial fixed assets | 28 | - | €3,240 | +€3,240 | |
| Current assets | 29/58 | €83,997 | €80,073 | -€3,925 | -4.7% |
| Amounts receivable within one year | 40/41 | €31,970 | €35,282 | +€3,311 | +10.4% |
| Trade receivables | 40 | €29,371 | €28,845 | -€526 | -1.8% |
| Other amounts receivable | 41 | €2,599 | €6,437 | +€3,837 | +148% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €51,408 | €12,669 | -€38,739 | -75.4% |
| Deferred charges and accrued income | 490/1 | €619 | €2,121 | +€1,503 | +243% |
| Total equity and liabilities | 10/49 | €83,997 | €99,556 | +€15,559 | +18.5% |
| Equity | 10/15 | €72,607 | €68,602 | -€4,005 | -5.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €66,000 | -€4,000 | -5.7% |
| Distributable reserves | 133 | €70,000 | €66,000 | -€4,000 | -5.7% |
| Profit (loss) carried forward | 14 | €607 | €602 | -€5 | -0.8% |
| Amounts payable | 17/49 | €11,391 | €30,955 | +€19,564 | +172% |
| Amounts payable within one year | 42/48 | €11,391 | €30,955 | +€19,564 | +172% |
| Trade debts | 44 | €2,012 | €15,378 | +€13,366 | +664% |
| Suppliers | 440/4 | €2,012 | €15,378 | +€13,366 | +664% |
| Taxes, remuneration and social security | 45 | €8,982 | €10,577 | +€1,594 | +17.7% |
| Taxes | 450/3 | €7,728 | €7,168 | -€560 | -7.2% |
| Remuneration and social security | 454/9 | €1,255 | €3,409 | +€2,154 | +172% |
| Other amounts payable | 47/48 | €396 | €5,000 | +€4,604 | +1,163% |
| Remuneration, social security and pensions | 62 | €16,866 | €19,034 | +€2,168 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,432 | +€2,432 | |
| Other operating charges | 640/8 | €803 | €1,969 | +€1,166 | +145% |
| Non-recurring operating charges | 66A | €418 | - | -€418 | |
| Gross operating margin | 9900 | €45,018 | €24,610 | -€20,408 | -45.3% |
| Operating profit (loss) | 9901 | €26,931 | €1,174 | -€25,757 | -95.6% |
| Financial income | 75/76B | €1,101 | €1,182 | +€81 | +7.4% |
| Recurring financial income | 75 | €1,101 | €1,182 | +€81 | +7.4% |
| Financial charges | 65/66B | €1,046 | €581 | -€465 | -44.5% |
| Recurring financial charges | 65 | €1,046 | €581 | -€465 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €26,986 | €1,775 | -€25,211 | -93.4% |
| Income taxes | 67/77 | €5,859 | €780 | -€5,079 | -86.7% |
| Profit (loss) for the period | 9904 | €21,127 | €995 | -€20,132 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,127 | €995 | -€20,132 | -95.3% |
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 27 October 2026 via checked.be.