ETERNA FINANCE: 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 FINANCE
Largest movements
- Cash +€78,938
up €78,938 (+85.5%), from €92,303 to €171,241
mainly Net result for the year (+€129,743) and Receivables within one year (+€43,077)
- Financial fixed assets +€62,502
up €62,502 (+13.6%), from €459,000 to €521,502
- Receivables within one year -€43,077
down €43,077 (-69.5%), from €61,987 to €18,910
of which Other amounts receivable: -€61,966
- Tangible fixed assets +€16,359
up €16,359 (+5.7%), from €284,583 to €300,941
of which Furniture and vehicles: +€23,009
- Profit (loss) carried forward +€123,256
up €123,256 (+140.2%), from €87,897 to €211,153
- Trade debts -€58,034
down €58,034 (-97.0%), from €59,850 to €1,816
- Other debts +€16,998
new in 2025: €16,998
- Tax, wage and social debts +€15,197
new in 2025: €15,197
- Gross operating margin +€84,050
up €84,050, from -€10,999 to €73,051
- Financial income -€20,400
down €20,400 (-19.4%), from €105,400 to €85,000
- Depreciation +€8,666
up €8,666 (+2077.7%), from €417 to €9,083
- Taxes +€8,430
new in 2025: €8,430
- Financial charges +€8,084
up €8,084 (+1014.7%), from €797 to €8,881
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 | €897,873 | €1,013,800 | +€115,928 | +12.9% |
| Fixed assets | 21/28 | €743,583 | €822,443 | +€78,861 | +10.6% |
| Tangible fixed assets | 22/27 | €284,583 | €300,941 | +€16,359 | +5.7% |
| Land and buildings | 22 | €284,583 | €277,932 | -€6,651 | -2.3% |
| Furniture and vehicles | 24 | - | €23,009 | +€23,009 | |
| Financial fixed assets | 28 | €459,000 | €521,502 | +€62,502 | +13.6% |
| Current assets | 29/58 | €154,290 | €191,357 | +€37,067 | +24.0% |
| Amounts receivable within one year | 40/41 | €61,987 | €18,910 | -€43,077 | -69.5% |
| Trade receivables | 40 | - | €18,889 | +€18,889 | |
| Other amounts receivable | 41 | €61,987 | €21 | -€61,966 | -100.0% |
| Cash at bank and in hand | 54/58 | €92,303 | €171,241 | +€78,938 | +85.5% |
| Deferred charges and accrued income | 490/1 | - | €1,205 | +€1,205 | |
| Total equity and liabilities | 10/49 | €897,873 | €1,013,800 | +€115,928 | +12.9% |
| Equity | 10/15 | €553,023 | €682,766 | +€129,743 | +23.5% |
| Contributions | 10/11 | €460,500 | €460,500 | = | 0.0% |
| Capital | 10 | €460,500 | €460,500 | = | 0.0% |
| Issued capital | 100 | €460,500 | €460,500 | = | 0.0% |
| Reserves | 13 | €4,626 | €11,113 | +€6,487 | +140.2% |
| Non-distributable reserves | 130/1 | €4,626 | €11,113 | +€6,487 | +140.2% |
| Legal reserve | 130 | €4,626 | €11,113 | +€6,487 | +140.2% |
| Profit (loss) carried forward | 14 | €87,897 | €211,153 | +€123,256 | +140.2% |
| Amounts payable | 17/49 | €344,850 | €331,034 | -€13,816 | -4.0% |
| Amounts payable after more than one year | 17 | €271,034 | €274,787 | +€3,753 | +1.4% |
| Financial debts | 170/4 | €271,034 | €274,787 | +€3,753 | +1.4% |
| Amounts payable within one year | 42/48 | €73,816 | €54,897 | -€18,919 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €13,966 | €20,886 | +€6,920 | +49.5% |
| Trade debts | 44 | €59,850 | €1,816 | -€58,034 | -97.0% |
| Suppliers | 440/4 | €59,850 | €1,816 | -€58,034 | -97.0% |
| Taxes, remuneration and social security | 45 | - | €15,197 | +€15,197 | |
| Taxes | 450/3 | - | €15,197 | +€15,197 | |
| Other amounts payable | 47/48 | - | €16,998 | +€16,998 | |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €9,083 | +€8,666 | +2077.7% |
| Other operating charges | 640/8 | €665 | €1,913 | +€1,248 | +187.8% |
| Gross operating margin | 9900 | -€10,999 | €73,051 | +€84,050 | |
| Operating profit (loss) | 9901 | -€12,081 | €62,055 | +€74,135 | |
| Financial income | 75/76B | €105,400 | €85,000 | -€20,400 | -19.4% |
| Recurring financial income | 75 | €105,400 | €85,000 | -€20,400 | -19.4% |
| Financial charges | 65/66B | €797 | €8,881 | +€8,084 | +1014.7% |
| Recurring financial charges | 65 | €797 | €8,881 | +€8,084 | +1014.7% |
| Profit (loss) for the period before taxes | 9903 | €92,523 | €138,174 | +€45,651 | +49.3% |
| Income taxes | 67/77 | - | €8,430 | +€8,430 | |
| Profit (loss) for the period | 9904 | €92,523 | €129,743 | +€37,221 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,523 | €129,743 | +€37,221 | +40.2% |
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 9 October 2026 via checked.be.