ETHEREA: 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.
ETHEREA
Largest movements
- Cash +€1,088
up €1,088 (+49.1%), from €2,215 to €3,303
mainly Net result for the year (+€1,773) and Tax, wage and social debts (+€794)
- Financial fixed assets +€540
new in 2025: €540
- Receivables within one year +€331
up €331 (+19.4%), from €1,711 to €2,043
- Deferred charges and accrued income -€291
no longer reported in 2025 (was €291)
- Profit (loss) carried forward +€1,773
up €1,773 (+1.7%), from -€106,941 to -€105,168
- Other debts -€887
down €887 (-1.0%), from €89,771 to €88,884
- Tax, wage and social debts +€794
up €794 (+143.0%), from €555 to €1,349
- Trade debts -€351
down €351 (-42.2%), from €833 to €482
- Advances received +€339
new in 2025: €339
- Financial charges +€4,499
up €4,499 (+9532.3%), from €47 to €4,546
- Gross operating margin -€602
down €602 (-8.2%), from €7,321 to €6,719
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 | €4,218 | €5,886 | +€1,668 | +39.5% |
| Fixed assets | 21/28 | - | €540 | +€540 | |
| Financial fixed assets | 28 | - | €540 | +€540 | |
| Current assets | 29/58 | €4,218 | €5,346 | +€1,128 | +26.7% |
| Amounts receivable within one year | 40/41 | €1,711 | €2,043 | +€331 | +19.4% |
| Trade receivables | 40 | €1,711 | €2,043 | +€331 | +19.4% |
| Cash at bank and in hand | 54/58 | €2,215 | €3,303 | +€1,088 | +49.1% |
| Deferred charges and accrued income | 490/1 | €291 | - | -€291 | |
| Total equity and liabilities | 10/49 | €4,218 | €5,886 | +€1,668 | +39.5% |
| Equity | 10/15 | -€86,941 | -€85,168 | +€1,773 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,941 | -€105,168 | +€1,773 | +1.7% |
| Amounts payable | 17/49 | €91,159 | €91,054 | -€105 | -0.1% |
| Amounts payable within one year | 42/48 | €91,159 | €91,054 | -€105 | -0.1% |
| Trade debts | 44 | €833 | €482 | -€351 | -42.2% |
| Suppliers | 440/4 | €833 | €482 | -€351 | -42.2% |
| Advances received on contracts in progress | 46 | - | €339 | +€339 | |
| Taxes, remuneration and social security | 45 | €555 | €1,349 | +€794 | +143.0% |
| Taxes | 450/3 | €555 | €1,349 | +€794 | +143.0% |
| Other amounts payable | 47/48 | €89,771 | €88,884 | -€887 | -1.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €7,321 | €6,719 | -€602 | -8.2% |
| Operating profit (loss) | 9901 | €6,933 | €6,319 | -€614 | -8.9% |
| Financial charges | 65/66B | €47 | €4,546 | +€4,499 | +9532.3% |
| Recurring financial charges | 65 | €47 | €4,546 | +€4,499 | +9532.3% |
| Profit (loss) for the period before taxes | 9903 | €6,886 | €1,773 | -€5,114 | -74.3% |
| Profit (loss) for the period | 9904 | €6,886 | €1,773 | -€5,114 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,886 | €1,773 | -€5,114 | -74.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.