ETERNAL: what changed
Two fiscal 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.
ETERNAL
Largest movements
- Stocks and contracts -€59,814
down €59,814 (-37.7%), from €158,681 to €98,867
- Cash -€13,865
down €13,865 (-55.8%), from €24,865 to €11,000
mainly Net result for the year (-€72,843) and Trade debts (-€33,000)
- Tangible fixed assets +€12,450
new in 2025: €12,450
of which Plant, machinery and equipment: +€8,906
- Profit (loss) carried forward -€72,843
down €72,843 (-290.4%), from -€25,081 to -€97,923
- Other debts +€47,346
up €47,346 (+31.2%), from €151,976 to €199,322
- Trade debts -€33,000
down €33,000 (-92.8%), from €35,550 to €2,550
- Gross operating margin -€97,927
down €97,927, from €26,435 to -€71,493
- Depreciation +€731
new in 2025: €731
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 | €183,944 | €124,367 | -€59,578 | -32.4% |
| Fixed assets | 21/28 | - | €12,450 | +€12,450 | |
| Tangible fixed assets | 22/27 | - | €12,450 | +€12,450 | |
| Plant, machinery and equipment | 23 | - | €8,906 | +€8,906 | |
| Furniture and vehicles | 24 | - | €3,544 | +€3,544 | |
| Current assets | 29/58 | €183,944 | €111,916 | -€72,028 | -39.2% |
| Stocks and contracts in progress | 3 | €158,681 | €98,867 | -€59,814 | -37.7% |
| Stocks | 30/36 | €158,681 | €98,867 | -€59,814 | -37.7% |
| Amounts receivable within one year | 40/41 | €320 | €1,650 | +€1,330 | +415.6% |
| Trade receivables | 40 | €320 | €1,650 | +€1,330 | +415.6% |
| Cash at bank and in hand | 54/58 | €24,865 | €11,000 | -€13,865 | -55.8% |
| Deferred charges and accrued income | 490/1 | €79 | €400 | +€321 | +408.0% |
| Total equity and liabilities | 10/49 | €183,944 | €124,367 | -€59,578 | -32.4% |
| Equity | 10/15 | -€6,481 | -€79,323 | -€72,843 | -1124.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,081 | -€97,923 | -€72,843 | -290.4% |
| Amounts payable | 17/49 | €190,425 | €203,690 | +€13,265 | +7.0% |
| Amounts payable within one year | 42/48 | €190,275 | €203,690 | +€13,415 | +7.1% |
| Trade debts | 44 | €35,550 | €2,550 | -€33,000 | -92.8% |
| Suppliers | 440/4 | €35,550 | €2,550 | -€33,000 | -92.8% |
| Taxes, remuneration and social security | 45 | €2,749 | €1,818 | -€931 | -33.9% |
| Taxes | 450/3 | €2,749 | €1,818 | -€931 | -33.9% |
| Other amounts payable | 47/48 | €151,976 | €199,322 | +€47,346 | +31.2% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €731 | +€731 | |
| Other operating charges | 640/8 | €397 | €400 | +€3 | +0.8% |
| Gross operating margin | 9900 | €26,435 | -€71,493 | -€97,927 | |
| Operating profit (loss) | 9901 | €26,038 | -€72,623 | -€98,661 | |
| Financial income | 75/76B | €46 | €48 | +€2 | +5.0% |
| Recurring financial income | 75 | €46 | €48 | +€2 | +5.0% |
| Financial charges | 65/66B | €272 | €268 | -€4 | -1.6% |
| Recurring financial charges | 65 | €272 | €268 | -€4 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €25,812 | -€72,843 | -€98,655 | |
| Profit (loss) for the period | 9904 | €25,812 | -€72,843 | -€98,655 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,812 | -€72,843 | -€98,655 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.