ETERNA: 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.
ETERNA
Largest movements
- Cash +€6,534
up €6,534 (+9.7%), from €67,475 to €74,009
mainly Depreciation (+€21,296) and Other debts (+€7,852)
- Tangible fixed assets +€4,035
up €4,035 (+1.2%), from €323,015 to €327,050
of which Land and buildings: +€4,710
- Other debts +€7,852
up €7,852 (+4.8%), from €162,260 to €170,112
- Gross operating margin -€4,932
down €4,932 (-9.5%), from €52,143 to €47,211
- Financial charges -€1,625
down €1,625 (-12.6%), from €12,872 to €11,247
- Depreciation -€628
down €628 (-2.9%), from €21,924 to €21,296
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,242 | €402,595 | +€10,353 | +2.6% |
| Fixed assets | 21/28 | €323,015 | €327,050 | +€4,035 | +1.2% |
| Tangible fixed assets | 22/27 | €323,015 | €327,050 | +€4,035 | +1.2% |
| Land and buildings | 22 | €322,087 | €326,797 | +€4,710 | +1.5% |
| Furniture and vehicles | 24 | €928 | €252 | -€675 | -72.8% |
| Current assets | 29/58 | €69,227 | €75,545 | +€6,318 | +9.1% |
| Cash at bank and in hand | 54/58 | €67,475 | €74,009 | +€6,534 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,536 | -€216 | -12.3% |
| Total equity and liabilities | 10/49 | €392,242 | €402,595 | +€10,353 | +2.6% |
| Equity | 10/15 | €213,894 | €217,156 | +€3,262 | +1.5% |
| Contributions | 10/11 | €302,000 | €302,000 | = | 0.0% |
| Reserves | 13 | €3,120 | €3,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,759 | €1,759 | = | 0.0% |
| Distributable reserves | 133 | €1,361 | €1,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,226 | -€87,964 | +€3,262 | +3.6% |
| Amounts payable | 17/49 | €178,347 | €185,438 | +€7,091 | +4.0% |
| Amounts payable within one year | 42/48 | €162,768 | €171,385 | +€8,617 | +5.3% |
| Trade debts | 44 | €508 | €1,273 | +€765 | +150.6% |
| Suppliers | 440/4 | €508 | €1,273 | +€765 | +150.6% |
| Other amounts payable | 47/48 | €162,260 | €170,112 | +€7,852 | +4.8% |
| Accrued charges and deferred income | 492/3 | €15,579 | €14,053 | -€1,526 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,924 | €21,296 | -€628 | -2.9% |
| Other operating charges | 640/8 | €11,097 | €11,405 | +€309 | +2.8% |
| Gross operating margin | 9900 | €52,143 | €47,211 | -€4,932 | -9.5% |
| Operating profit (loss) | 9901 | €19,122 | €14,509 | -€4,613 | -24.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,872 | €11,247 | -€1,625 | -12.6% |
| Recurring financial charges | 65 | €12,872 | €11,247 | -€1,625 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €6,250 | €3,262 | -€2,988 | -47.8% |
| Profit (loss) for the period | 9904 | €6,250 | €3,262 | -€2,988 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,250 | €3,262 | -€2,988 | -47.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.