ETERNEL: 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.
ETERNEL
Largest movements
- Tangible fixed assets +€666,684
up €666,684 (+38.9%), from €1.7m to €2.4m
- Receivables within one year -€367,469
down €367,469 (-82.2%), from €446,790 to €79,322
of which Trade receivables: -€379,703
- Financial fixed assets +€57,900
up €57,900 (+12.2%), from €475,000 to €532,900
- Stocks and contracts +€49,388
up €49,388 (+796.8%), from €6,198 to €55,587
- Debts after one year +€539,594
up €539,594 (+45.1%), from €1.2m to €1.7m
- Profit (loss) carried forward -€116,667
new in 2024: -€116,667
- Tax, wage and social debts +€107,981
up €107,981 (+34.6%), from €311,921 to €419,902
of which Taxes: +€119,224
- Trade debts -€68,047
down €68,047 (-47.3%), from €143,721 to €75,674
- Short-term financial debts -€53,373
down €53,373 (-89.0%), from €60,000 to €6,627
- Gross operating margin -€349,116
down €349,116 (-90.8%), from €384,602 to €35,485
- Taxes -€72,272
down €72,272 (-99.7%), from €72,478 to €206
- Depreciation +€45,506
up €45,506 (+105.4%), from €43,180 to €88,686
- Financial charges +€28,721
up €28,721 (+116.4%), from €24,671 to €53,393
- Other operating charges -€4,355
down €4,355 (-29.8%), from €14,633 to €10,278
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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,643,638 | €3,051,920 | +€408,282 | +15.4% |
| Fixed assets | 21/28 | €2,189,488 | €2,914,072 | +€724,584 | +33.1% |
| Tangible fixed assets | 22/27 | €1,714,488 | €2,381,172 | +€666,684 | +38.9% |
| Land and buildings | 22 | €1,714,488 | €2,381,172 | +€666,684 | +38.9% |
| Financial fixed assets | 28 | €475,000 | €532,900 | +€57,900 | +12.2% |
| Current assets | 29/58 | €454,150 | €137,848 | -€316,302 | -69.6% |
| Stocks and contracts in progress | 3 | €6,198 | €55,587 | +€49,388 | +796.8% |
| Stocks | 30/36 | €6,198 | €55,587 | +€49,388 | +796.8% |
| Amounts receivable within one year | 40/41 | €446,790 | €79,322 | -€367,469 | -82.2% |
| Trade receivables | 40 | €400,000 | €20,297 | -€379,703 | -94.9% |
| Other amounts receivable | 41 | €46,790 | €59,024 | +€12,234 | +26.1% |
| Cash at bank and in hand | 54/58 | €38 | €6 | -€33 | -85.0% |
| Deferred charges and accrued income | 490/1 | €1,123 | €2,934 | +€1,811 | +161.3% |
| Total equity and liabilities | 10/49 | €2,643,638 | €3,051,920 | +€408,282 | +15.4% |
| Equity | 10/15 | €649,546 | €532,879 | -€116,667 | -18.0% |
| Contributions | 10/11 | €228,296 | €228,296 | = | 0.0% |
| Reserves | 13 | €421,250 | €421,250 | = | 0.0% |
| Distributable reserves | 133 | €421,250 | €421,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€116,667 | -€116,667 | |
| Amounts payable | 17/49 | €1,994,092 | €2,519,041 | +€524,949 | +26.3% |
| Amounts payable after more than one year | 17 | €1,197,689 | €1,737,283 | +€539,594 | +45.1% |
| Financial debts | 170/4 | €1,197,689 | €1,737,283 | +€539,594 | +45.1% |
| Amounts payable within one year | 42/48 | €793,836 | €781,757 | -€12,079 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €98,473 | €149,895 | +€51,422 | +52.2% |
| Financial debts | 43 | €60,000 | €6,627 | -€53,373 | -89.0% |
| Credit institutions | 430/8 | €60,000 | €6,627 | -€53,373 | -89.0% |
| Trade debts | 44 | €143,721 | €75,674 | -€68,047 | -47.3% |
| Suppliers | 440/4 | €143,721 | €75,674 | -€68,047 | -47.3% |
| Taxes, remuneration and social security | 45 | €311,921 | €419,902 | +€107,981 | +34.6% |
| Taxes | 450/3 | €300,678 | €419,902 | +€119,224 | +39.7% |
| Remuneration and social security | 454/9 | €11,243 | €0 | -€11,243 | -100.0% |
| Other amounts payable | 47/48 | €179,721 | €129,659 | -€50,062 | -27.9% |
| Accrued charges and deferred income | 492/3 | €2,567 | €0 | -€2,567 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,180 | €88,686 | +€45,506 | +105.4% |
| Other operating charges | 640/8 | €14,633 | €10,278 | -€4,355 | -29.8% |
| Gross operating margin | 9900 | €384,602 | €35,485 | -€349,116 | -90.8% |
| Operating profit (loss) | 9901 | €326,788 | -€63,479 | -€390,267 | |
| Financial income | 75/76B | €7 | €410 | +€403 | +5544.6% |
| Recurring financial income | 75 | €7 | €410 | +€403 | +5544.6% |
| Financial charges | 65/66B | €24,671 | €53,393 | +€28,721 | +116.4% |
| Recurring financial charges | 65 | €24,671 | €53,393 | +€28,721 | +116.4% |
| Profit (loss) for the period before taxes | 9903 | €302,124 | -€116,461 | -€418,585 | |
| Income taxes | 67/77 | €72,478 | €206 | -€72,272 | -99.7% |
| Profit (loss) for the period | 9904 | €229,646 | -€116,667 | -€346,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €229,646 | -€116,667 | -€346,314 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.