ETERVEL: 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.
ETERVEL
Largest movements
- Tangible fixed assets -€13,295
down €13,295 (-8.0%), from €166,549 to €153,254
- Cash +€8,218
up €8,218 (+95.3%), from €8,623 to €16,841
mainly Depreciation (+€13,295) and Debts after one year (+€7,994)
- Current portion of long-term debt -€12,000
no longer reported in 2025 (was €12,000)
- Debts after one year +€7,994
up €7,994 (+5.2%), from €152,365 to €160,359
- Gross operating margin +€3,326
up €3,326 (+25.7%), from €12,937 to €16,263
- Financial income -€2,750
down €2,750 (-100.0%), from €2,750 to €0
of which Financial income: -€2,750
- Turnover +€2,446
up €2,446 (+11.0%), from €22,179 to €24,625
- Depreciation +€534
up €534 (+4.2%), from €12,761 to €13,295
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 | €181,978 | €178,051 | -€3,927 | -2.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €171,540 | €160,029 | -€11,511 | -6.7% |
| Tangible fixed assets | 22/27 | €166,549 | €153,254 | -€13,295 | -8.0% |
| Land and buildings | 22 | €166,549 | €153,254 | -€13,295 | -8.0% |
| Financial fixed assets | 28 | €4,991 | €6,775 | +€1,784 | +35.7% |
| Current assets | 29/58 | €10,438 | €18,022 | +€7,584 | +72.7% |
| Amounts receivable within one year | 40/41 | €1,692 | €1,058 | -€634 | -37.5% |
| Trade receivables | 40 | €1,692 | €1,058 | -€634 | -37.5% |
| Cash at bank and in hand | 54/58 | €8,623 | €16,841 | +€8,218 | +95.3% |
| Deferred charges and accrued income | 490/1 | €123 | €123 | = | 0.0% |
| Total equity and liabilities | 10/49 | €181,978 | €178,051 | -€3,927 | -2.2% |
| Equity | 10/15 | €16,998 | €17,054 | +€56 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,602 | -€1,546 | +€56 | +3.5% |
| Amounts payable | 17/49 | €164,980 | €160,997 | -€3,983 | -2.4% |
| Amounts payable after more than one year | 17 | €152,365 | €160,359 | +€7,994 | +5.2% |
| Financial debts | 170/4 | €152,365 | €160,359 | +€7,994 | +5.2% |
| Amounts payable within one year | 42/48 | €12,615 | €638 | -€11,977 | -94.9% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | - | -€12,000 | |
| Taxes, remuneration and social security | 45 | €615 | €638 | +€23 | +3.7% |
| Taxes | 450/3 | €615 | €638 | +€23 | +3.7% |
| Turnover | 70 | €22,179 | €24,625 | +€2,446 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,761 | €13,295 | +€534 | +4.2% |
| Other operating charges | 640/8 | €2,831 | €2,865 | +€34 | +1.2% |
| Gross operating margin | 9900 | €12,937 | €16,263 | +€3,326 | +25.7% |
| Operating profit (loss) | 9901 | -€2,655 | €103 | +€2,758 | |
| Financial income | 75/76B | €2,750 | €0 | -€2,750 | -100.0% |
| Recurring financial income | 75 | €2,750 | €0 | -€2,750 | -100.0% |
| Non-recurring financial income | 76B | €2,750 | €0 | -€2,750 | -100.0% |
| Financial charges | 65/66B | €47 | €47 | = | 0.0% |
| Recurring financial charges | 65 | €47 | €47 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €48 | €56 | +€8 | +16.7% |
| Profit (loss) for the period | 9904 | €48 | €56 | +€8 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48 | €56 | +€8 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.