Ethereal: 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.
Ethereal
Largest movements
- Cash +€2,025
up €2,025 (+33194.1%), from €6 to €2,031
mainly Other debts (+€11,333) and Tax, wage and social debts (+€2,793)
- Deferred charges and accrued income -€1,758
down €1,758 (-84.6%), from €2,079 to €321
- Receivables within one year +€1,511
up €1,511 (+6.4%), from €23,559 to €25,070
of which Other amounts receivable: +€1,345
- Tangible fixed assets -€1,109
down €1,109 (-51.0%), from €2,174 to €1,065
of which Furniture and vehicles: -€879
- Profit (loss) carried forward -€11,493
down €11,493, from €11,340 to -€154
- Other debts +€11,333
up €11,333 (+200.8%), from €5,645 to €16,978
- Tax, wage and social debts +€2,793
up €2,793 (+40.7%), from €6,859 to €9,652
of which Taxes: +€2,793
- Short-term financial debts -€1,730
no longer reported in 2025 (was €1,730)
- Accrued charges and deferred income -€450
no longer reported in 2025 (was €450)
- Gross operating margin -€5,033
down €5,033 (-20.8%), from €24,211 to €19,178
- Financial charges -€890
down €890 (-3.1%), from €28,713 to €27,824
- Depreciation -€865
down €865 (-43.8%), from €1,974 to €1,109
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 | €27,818 | €28,487 | +€669 | +2.4% |
| Fixed assets | 21/28 | €2,174 | €1,065 | -€1,109 | -51.0% |
| Tangible fixed assets | 22/27 | €2,174 | €1,065 | -€1,109 | -51.0% |
| Furniture and vehicles | 24 | €1,214 | €335 | -€879 | -72.4% |
| Other tangible fixed assets | 26 | €960 | €731 | -€229 | -23.9% |
| Current assets | 29/58 | €25,644 | €27,422 | +€1,778 | +6.9% |
| Amounts receivable within one year | 40/41 | €23,559 | €25,070 | +€1,511 | +6.4% |
| Trade receivables | 40 | €23,559 | €23,725 | +€166 | +0.7% |
| Other amounts receivable | 41 | - | €1,345 | +€1,345 | |
| Cash at bank and in hand | 54/58 | €6 | €2,031 | +€2,025 | +33194.1% |
| Deferred charges and accrued income | 490/1 | €2,079 | €321 | -€1,758 | -84.6% |
| Total equity and liabilities | 10/49 | €27,818 | €28,487 | +€669 | +2.4% |
| Equity | 10/15 | €11,450 | -€44 | -€11,493 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,340 | -€154 | -€11,493 | |
| Amounts payable | 17/49 | €16,369 | €28,531 | +€12,162 | +74.3% |
| Amounts payable within one year | 42/48 | €15,919 | €28,531 | +€12,612 | +79.2% |
| Financial debts | 43 | €1,730 | - | -€1,730 | |
| Credit institutions | 430/8 | €1,730 | - | -€1,730 | |
| Trade debts | 44 | €1,685 | €1,901 | +€216 | +12.8% |
| Suppliers | 440/4 | €1,685 | €1,901 | +€216 | +12.8% |
| Taxes, remuneration and social security | 45 | €6,859 | €9,652 | +€2,793 | +40.7% |
| Taxes | 450/3 | €4,659 | €7,452 | +€2,793 | +59.9% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €5,645 | €16,978 | +€11,333 | +200.8% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €1,109 | -€865 | -43.8% |
| Other operating charges | 640/8 | €458 | €484 | +€26 | +5.7% |
| Gross operating margin | 9900 | €24,211 | €19,178 | -€5,033 | -20.8% |
| Operating profit (loss) | 9901 | €21,779 | €17,586 | -€4,193 | -19.3% |
| Financial charges | 65/66B | €28,713 | €27,824 | -€890 | -3.1% |
| Recurring financial charges | 65 | €28,713 | €27,824 | -€890 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,934 | -€10,238 | -€3,304 | -47.6% |
| Income taxes | 67/77 | €1,193 | €1,255 | +€63 | +5.2% |
| Profit (loss) for the period | 9904 | -€8,127 | -€11,493 | -€3,366 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,127 | -€11,493 | -€3,366 | -41.4% |
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 8 October 2026 via checked.be.