ETERNIT: 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.
What changed
ETERNIT
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €4.4m-€2.9m
Equity
€171.2m
2024 · €169.7m+€1.5m
Cash
-
not filed
Balance sheet total
€346.5m
2024 · €335.7m+€10.7m
Largest movements
Assets
- Tangible fixed assets +€7.2m
up €7.2m (+11.6%), from €62.2m to €69.4m
of which Assets under construction and advance payments: +€9.2m
Equity and liabilities
- Short-term financial debts +€5.8m
up €5.8m (+371.8%), from €1.6m to €7.4m
Income statement
- Provisions +€3.8m
up €3.8m, from -€887,133 to €3.0m
- Services and other goods -€3.5m
down €3.5m (-5.9%), from €59.0m to €55.5m
- Financial charges -€1.8m
down €1.8m (-22.2%), from €8.0m to €6.2m
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.
Result 2024
€4.4m
Turnover
+€447,719
Other operating income
+€666,367
Goods and materials
+€480,631
Services and other goods
+€3.5m
Staff costs
-€547,284
Depreciation
-€394,673
Write-downs
+€304,432
Provisions
-€3.8m
Other operating charges
-€155,770
Other operating items
-€4.0m
Financial income
-€1.1m
Financial charges
+€1.8m
Taxes
+€45,122
Result 2025
€1.5m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,716,249 | €346,463,596 | +€10.7m | +3.2% |
| Fixed assets | 21/28 | €285,741,782 | €293,324,770 | +€7.6m | +2.7% |
| Intangible fixed assets | 21 | €536,302 | €884,635 | +€348,333 | +65.0% |
| Tangible fixed assets | 22/27 | €62,184,829 | €69,419,484 | +€7.2m | +11.6% |
| Land and buildings | 22 | €31,794,225 | €30,785,301 | -€1.0m | -3.2% |
| Plant, machinery and equipment | 23 | €18,042,491 | €17,056,295 | -€986,196 | -5.5% |
| Furniture and vehicles | 24 | €274,921 | €257,758 | -€17,163 | -6.2% |
| Assets under construction and advance payments | 27 | €12,073,192 | €21,320,130 | +€9.2m | +76.6% |
| Financial fixed assets | 28 | €223,020,651 | €223,020,651 | = | 0.0% |
| Affiliated companies | 280/1 | €223,019,535 | €223,019,535 | = | 0.0% |
| Participating interests | 280 | €223,019,535 | €223,019,535 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,116 | €1,116 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,116 | €1,116 | = | 0.0% |
| Current assets | 29/58 | €49,974,467 | €53,138,826 | +€3.2m | +6.3% |
| Amounts receivable after more than one year | 29 | €29,599 | €8,589 | -€21,010 | -71.0% |
| Other amounts receivable | 291 | €29,599 | €8,589 | -€21,010 | -71.0% |
| Stocks and contracts in progress | 3 | €27,144,402 | €28,841,739 | +€1.7m | +6.3% |
| Stocks | 30/36 | €27,144,402 | €28,841,739 | +€1.7m | +6.3% |
| Raw materials and consumables | 30/31 | €10,298,996 | €12,889,412 | +€2.6m | +25.2% |
| Work in progress | 32 | €3,269,957 | €2,666,687 | -€603,270 | -18.4% |
| Finished goods | 33 | €12,062,916 | €12,112,883 | +€49,967 | +0.4% |
| Goods purchased for resale | 34 | €1,512,533 | €1,172,757 | -€339,776 | -22.5% |
| Amounts receivable within one year | 40/41 | €22,686,558 | €24,034,148 | +€1.3m | +5.9% |
| Trade receivables | 40 | €17,711,592 | €19,157,452 | +€1.4m | +8.2% |
| Other amounts receivable | 41 | €4,974,966 | €4,876,696 | -€98,270 | -2.0% |
| Deferred charges and accrued income | 490/1 | €113,908 | €254,350 | +€140,442 | +123.3% |
| Total equity and liabilities | 10/49 | €335,716,249 | €346,463,596 | +€10.7m | +3.2% |
| Equity | 10/15 | €169,677,060 | €171,207,031 | +€1.5m | +0.9% |
| Contributions | 10/11 | €22,000,000 | €22,000,000 | = | 0.0% |
| Capital | 10 | €22,000,000 | €22,000,000 | = | 0.0% |
| Issued capital | 100 | €22,000,000 | €22,000,000 | = | 0.0% |
| Reserves | 13 | €147,658,835 | €147,658,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200,000 | €2,200,000 | = | 0.0% |
| Legal reserve | 130 | €2,200,000 | €2,200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,058,835 | €4,058,835 | = | 0.0% |
| Distributable reserves | 133 | €141,400,000 | €141,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,225 | €1,548,196 | +€1.5m | +8394.9% |
| Provisions and deferred taxes | 16 | €12,246,605 | €15,290,571 | +€3.0m | +24.9% |
| Provisions for liabilities and charges | 160/5 | €12,246,605 | €15,290,571 | +€3.0m | +24.9% |
| Pensions and similar obligations | 160 | €1,951,875 | €4,022,461 | +€2.1m | +106.1% |
| Environmental obligations | 163 | €1,200,000 | €1,000,000 | -€200,000 | -16.7% |
| Other liabilities and charges | 164/5 | €9,094,730 | €10,268,110 | +€1.2m | +12.9% |
| Amounts payable | 17/49 | €153,792,584 | €159,965,994 | +€6.2m | +4.0% |
| Amounts payable after more than one year | 17 | €115,000,000 | €115,000,000 | = | 0.0% |
| Financial debts | 170/4 | €115,000,000 | €115,000,000 | = | 0.0% |
| Other loans | 174 | €115,000,000 | €115,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,541,941 | €44,747,318 | +€6.2m | +16.1% |
| Financial debts | 43 | €1,562,675 | €7,373,190 | +€5.8m | +371.8% |
| Other loans | 439 | €1,562,675 | €7,373,190 | +€5.8m | +371.8% |
| Trade debts | 44 | €26,711,873 | €27,988,151 | +€1.3m | +4.8% |
| Suppliers | 440/4 | €26,711,873 | €27,988,151 | +€1.3m | +4.8% |
| Taxes, remuneration and social security | 45 | €8,317,746 | €7,631,640 | -€686,106 | -8.2% |
| Taxes | 450/3 | €1,288,182 | €1,154,297 | -€133,885 | -10.4% |
| Remuneration and social security | 454/9 | €7,029,564 | €6,477,343 | -€552,221 | -7.9% |
| Other amounts payable | 47/48 | €1,949,647 | €1,754,337 | -€195,310 | -10.0% |
| Accrued charges and deferred income | 492/3 | €250,643 | €218,676 | -€31,967 | -12.8% |
| Operating income | 70/76A | €177,253,190 | €176,480,275 | -€772,915 | -0.4% |
| Turnover | 70 | €163,191,481 | €163,639,200 | +€447,719 | +0.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,222,073 | -€553,303 | -€1.8m | |
| Own construction capitalised | 72 | €240,657 | €129,032 | -€111,625 | -46.4% |
| Other operating income | 74 | €12,598,979 | €13,265,346 | +€666,367 | +5.3% |
| Operating charges | 60/66A | €170,515,175 | €173,356,068 | +€2.8m | +1.7% |
| Goods for resale, raw materials and consumables | 60 | €60,604,333 | €60,123,702 | -€480,631 | -0.8% |
| Purchases | 600/8 | €58,905,994 | €62,571,187 | +€3.7m | +6.2% |
| Change in stocks: decrease (increase) | 609 | €1,698,339 | -€2,447,485 | -€4.1m | |
| Services and other goods | 61 | €58,975,523 | €55,499,996 | -€3.5m | -5.9% |
| Remuneration, social security and pensions | 62 | €46,999,655 | €47,546,939 | +€547,284 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852,225 | €3,246,898 | +€394,673 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €501,277 | €196,845 | -€304,432 | -60.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€887,133 | €2,959,615 | +€3.8m | |
| Other operating charges | 640/8 | €1,469,295 | €1,625,065 | +€155,770 | +10.6% |
| Non-recurring operating charges | 66A | - | €2,157,008 | +€2.2m | |
| Operating profit (loss) | 9901 | €6,738,015 | €3,124,207 | -€3.6m | -53.6% |
| Financial income | 75/76B | €5,675,724 | €4,614,827 | -€1.1m | -18.7% |
| Recurring financial income | 75 | €4,619,829 | €4,614,827 | -€5,002 | -0.1% |
| Income from financial fixed assets | 750 | €4,532,556 | €4,532,556 | = | 0.0% |
| Income from current assets | 751 | €17,414 | €1,398 | -€16,016 | -92.0% |
| Other financial income | 752/9 | €69,859 | €80,873 | +€11,014 | +15.8% |
| Non-recurring financial income | 76B | €1,055,895 | - | -€1.1m | |
| Financial charges | 65/66B | €7,983,327 | €6,209,063 | -€1.8m | -22.2% |
| Recurring financial charges | 65 | €7,983,327 | €6,209,063 | -€1.8m | -22.2% |
| Debt charges | 650 | €6,821,268 | €4,927,814 | -€1.9m | -27.8% |
| Other financial charges | 652/9 | €1,162,059 | €1,281,249 | +€119,190 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €4,430,412 | €1,529,971 | -€2.9m | -65.5% |
| Income taxes | 67/77 | €45,122 | - | -€45,122 | |
| Taxes | 670/3 | €45,122 | - | -€45,122 | |
| Profit (loss) for the period | 9904 | €4,385,290 | €1,529,971 | -€2.9m | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,385,290 | €1,529,971 | -€2.9m | -65.1% |
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.