Ethercentrum: 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.
Ethercentrum
Largest movements
- Financial fixed assets +€4,000
up €4,000 (+4,000%), from €100 to €4,100
- Tangible fixed assets -€2,267
no longer reported in 2017 (was €2,267)
- Equity +€13,870
up €13,870 (+33.0%), from -€42,024 to -€28,154
- Debts -€11,523
down €11,523 (-6.8%), from €168,366 to €156,843
- Gross operating margin -€142,763
down €142,763 (-38.3%), from €373,126 to €230,363
From the 2016 result to the 2017 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
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 | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,343 | €128,689 | +€2,347 | +1.9% |
| Fixed assets | 21/28 | €2,367 | €4,100 | +€1,733 | +73.2% |
| Tangible fixed assets | 22/27 | €2,267 | - | -€2,267 | |
| Financial fixed assets | 28 | €100 | €4,100 | +€4,000 | +4,000% |
| Current assets | 29/58 | €123,976 | €124,589 | +€614 | +0.5% |
| Amounts receivable within one year | 40/41 | €93,012 | €70,241 | -€22,771 | -24.5% |
| Cash at bank and in hand | 54/58 | €27,453 | €45,971 | +€18,518 | +67.5% |
| Total equity and liabilities | 10/49 | €126,343 | €128,689 | +€2,347 | +1.9% |
| Equity | 10/15 | -€42,024 | -€28,154 | +€13,870 | +33.0% |
| Profit (loss) carried forward | 14 | -€45,391 | -€31,521 | +€13,870 | +30.6% |
| Amounts payable | 17/49 | €168,366 | €156,843 | -€11,523 | -6.8% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,419 | €97,833 | +€2,414 | +2.5% |
| Trade debts | 44 | €15,369 | €59,715 | +€44,346 | +289% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €2,267 | -€1,818 | -44.5% |
| Gross operating margin | 9900 | €373,126 | €230,363 | -€142,763 | -38.3% |
| Operating profit (loss) | 9901 | €18,698 | €15,441 | -€3,257 | -17.4% |
| Recurring financial income | 75 | €29 | €6 | -€23 | -79.9% |
| Recurring financial charges | 65 | €2,003 | €1,577 | -€426 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €16,724 | €13,870 | -€2,854 | -17.1% |
| Profit (loss) for the period | 9904 | €16,724 | €13,870 | -€2,854 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,724 | €13,870 | -€2,854 | -17.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.