Etna: 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.
Etna
Largest movements
- Receivables within one year -€14,943
down €14,943 (-36.3%), from €41,135 to €26,193
- Profit (loss) carried forward -€11,536
down €11,536 (-46.9%), from €24,581 to €13,046
- Debts after one year -€3,757
no longer reported in 2024 (was €3,757)
- Financial charges +€8,436
up €8,436 (+3345.2%), from €252 to €8,688
- Gross operating margin +€2,886
up €2,886 (+50.3%), from -€5,734 to -€2,848
- Staff costs -€448
no longer reported in 2024 (was €448)
- Other operating charges -€85
no longer reported in 2024 (was €85)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,923 | €27,629 | -€15,294 | -35.6% |
| Fixed assets | 21/28 | €350 | - | -€350 | |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €42,573 | €27,629 | -€14,944 | -35.1% |
| Amounts receivable within one year | 40/41 | €41,135 | €26,193 | -€14,943 | -36.3% |
| Other amounts receivable | 41 | €41,135 | €26,193 | -€14,943 | -36.3% |
| Cash at bank and in hand | 54/58 | €1,438 | €1,437 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €42,923 | €27,629 | -€15,294 | -35.6% |
| Equity | 10/15 | €39,165 | €27,629 | -€11,536 | -29.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €8,283 | €8,283 | = | 0.0% |
| Distributable reserves | 133 | €8,283 | €8,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,581 | €13,046 | -€11,536 | -46.9% |
| Amounts payable | 17/49 | €3,758 | - | -€3,758 | |
| Amounts payable after more than one year | 17 | €3,757 | - | -€3,757 | |
| Financial debts | 170/4 | €3,757 | - | -€3,757 | |
| Amounts payable within one year | 42/48 | €1 | - | -€1 | |
| Trade debts | 44 | €1 | - | -€1 | |
| Suppliers | 440/4 | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €448 | - | -€448 | |
| Other operating charges | 640/8 | €85 | - | -€85 | |
| Gross operating margin | 9900 | -€5,734 | -€2,848 | +€2,886 | +50.3% |
| Operating profit (loss) | 9901 | -€6,267 | -€2,848 | +€3,419 | +54.6% |
| Financial charges | 65/66B | €252 | €8,688 | +€8,436 | +3345.2% |
| Recurring financial charges | 65 | €252 | €8,688 | +€8,436 | +3345.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,519 | -€11,536 | -€5,017 | -77.0% |
| Profit (loss) for the period | 9904 | -€6,519 | -€11,536 | -€5,017 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,519 | -€11,536 | -€5,017 | -77.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.