ETERNO: 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.
ETERNO
Largest movements
- Tangible fixed assets +€6,737
up €6,737 (+16.7%), from €40,338 to €47,075
of which Land and buildings: +€8,962
- Receivables within one year +€4,792
up €4,792 (+28.7%), from €16,686 to €21,478
of which Trade receivables: +€4,035
- Cash +€3,179
up €3,179 (+21.5%), from €14,773 to €17,951
mainly Net result for the year (+€11,319) and Depreciation (+€7,717)
- Deferred charges and accrued income -€1,044
down €1,044 (-100%), from €1,044 to €0
- Reserves +€11,319
up €11,319 (+25.9%), from €43,644 to €54,963
- Debts after one year +€3,009
up €3,009 (+48.3%), from €6,235 to €9,244
- Tax, wage and social debts -€2,586
down €2,586 (-19.4%), from €13,360 to €10,774
of which Taxes: -€2,660
- Trade debts +€1,535
up €1,535, from €0 to €1,535
- Gross operating margin +€9,418
up €9,418 (+42.2%), from €22,303 to €31,721
- Taxes +€1,402
up €1,402 (+22.2%), from €6,322 to €7,724
- Depreciation +€1,002
up €1,002 (+14.9%), from €6,715 to €7,717
- Other operating charges +€983
up €983 (+111%), from €885 to €1,868
- Staff costs +€427
up €427 (+171%), from €250 to €677
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.
Derived cash bridge
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 | €76,410 | €90,074 | +€13,664 | +17.9% |
| Fixed assets | 21/28 | €43,908 | €50,645 | +€6,737 | +15.3% |
| Tangible fixed assets | 22/27 | €40,338 | €47,075 | +€6,737 | +16.7% |
| Land and buildings | 22 | €35,583 | €44,545 | +€8,962 | +25.2% |
| Plant, machinery and equipment | 23 | €438 | €105 | -€333 | -76.0% |
| Furniture and vehicles | 24 | €4,318 | €2,425 | -€1,892 | -43.8% |
| Financial fixed assets | 28 | €3,570 | €3,570 | = | 0.0% |
| Current assets | 29/58 | €32,502 | €39,429 | +€6,927 | +21.3% |
| Amounts receivable within one year | 40/41 | €16,686 | €21,478 | +€4,792 | +28.7% |
| Trade receivables | 40 | €15,558 | €19,593 | +€4,035 | +25.9% |
| Other amounts receivable | 41 | €1,128 | €1,885 | +€757 | +67.2% |
| Cash at bank and in hand | 54/58 | €14,773 | €17,951 | +€3,179 | +21.5% |
| Deferred charges and accrued income | 490/1 | €1,044 | €0 | -€1,044 | -100% |
| Total equity and liabilities | 10/49 | €76,410 | €90,074 | +€13,664 | +17.9% |
| Equity | 10/15 | €46,798 | €58,117 | +€11,319 | +24.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,644 | €54,963 | +€11,319 | +25.9% |
| Distributable reserves | 133 | €43,644 | €54,963 | +€11,319 | +25.9% |
| Profit (loss) carried forward | 14 | €154 | €154 | = | 0.0% |
| Amounts payable | 17/49 | €29,612 | €31,957 | +€2,345 | +7.9% |
| Amounts payable after more than one year | 17 | €6,235 | €9,244 | +€3,009 | +48.3% |
| Financial debts | 170/4 | €6,235 | €9,244 | +€3,009 | +48.3% |
| Amounts payable within one year | 42/48 | €23,378 | €22,713 | -€664 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,253 | €8,830 | +€578 | +7.0% |
| Trade debts | 44 | €0 | €1,535 | +€1,535 | |
| Suppliers | 440/4 | €0 | €1,535 | +€1,535 | |
| Taxes, remuneration and social security | 45 | €13,360 | €10,774 | -€2,586 | -19.4% |
| Taxes | 450/3 | €13,360 | €10,700 | -€2,660 | -19.9% |
| Remuneration and social security | 454/9 | - | €74 | +€74 | |
| Other amounts payable | 47/48 | €1,765 | €1,574 | -€191 | -10.8% |
| Remuneration, social security and pensions | 62 | €250 | €677 | +€427 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,715 | €7,717 | +€1,002 | +14.9% |
| Other operating charges | 640/8 | €885 | €1,868 | +€983 | +111% |
| Gross operating margin | 9900 | €22,303 | €31,721 | +€9,418 | +42.2% |
| Operating profit (loss) | 9901 | €14,453 | €21,459 | +€7,006 | +48.5% |
| Financial income | 75/76B | €145 | €29 | -€116 | -79.8% |
| Recurring financial income | 75 | €145 | €29 | -€116 | -79.8% |
| Financial charges | 65/66B | €2,170 | €2,445 | +€275 | +12.7% |
| Recurring financial charges | 65 | €2,170 | €2,445 | +€275 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €12,428 | €19,043 | +€6,616 | +53.2% |
| Income taxes | 67/77 | €6,322 | €7,724 | +€1,402 | +22.2% |
| Profit (loss) for the period | 9904 | €6,105 | €11,319 | +€5,214 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,105 | €11,319 | +€5,214 | +85.4% |
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 14 October 2026 via checked.be.