Etna Chocolade: 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.
Etna Chocolade
Largest movements
- Receivables within one year -€231,988
down €231,988 (-29.0%), from €800,636 to €568,648
of which Trade receivables: -€233,976
- Stocks and contracts +€151,339
up €151,339 (+33.1%), from €457,075 to €608,414
- Cash -€74,182
down €74,182 (-27.2%), from €272,619 to €198,438
mainly Contributions, distributions and other (-€527,496) and Investment in fixed assets (net) (-€305,000)
- Tangible fixed assets +€54,738
up €54,738 (+4.6%), from €1.2m to €1.3m
of which Land and buildings: +€149,622
- Reserves +€232,817
up €232,817 (+12.9%), from €1.8m to €2.0m
of which Distributable reserves: +€237,445
- Other debts -€174,000
down €174,000 (-32.7%), from €532,000 to €358,000
- Trade debts -€83,928
down €83,928 (-54.1%), from €155,101 to €71,173
- Tax, wage and social debts -€72,530
down €72,530 (-41.0%), from €176,910 to €104,380
of which Taxes: -€76,473
- Gross operating margin -€121,232
down €121,232 (-5.9%), from €2.0m to €1.9m
- Taxes -€31,404
down €31,404 (-9.6%), from €327,637 to €296,234
- Financial income -€21,501
down €21,501 (-77.1%), from €27,888 to €6,386
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.
Derived cash bridge
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 | €2,733,501 | €2,633,621 | -€99,880 | -3.7% |
| Fixed assets | 21/28 | €1,199,871 | €1,254,608 | +€54,738 | +4.6% |
| Tangible fixed assets | 22/27 | €1,199,508 | €1,254,245 | +€54,738 | +4.6% |
| Land and buildings | 22 | €674,746 | €824,368 | +€149,622 | +22.2% |
| Plant, machinery and equipment | 23 | €352,922 | €297,290 | -€55,632 | -15.8% |
| Furniture and vehicles | 24 | €171,840 | €132,587 | -€39,253 | -22.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,533,630 | €1,379,013 | -€154,618 | -10.1% |
| Stocks and contracts in progress | 3 | €457,075 | €608,414 | +€151,339 | +33.1% |
| Stocks | 30/36 | €457,075 | €608,414 | +€151,339 | +33.1% |
| Amounts receivable within one year | 40/41 | €800,636 | €568,648 | -€231,988 | -29.0% |
| Trade receivables | 40 | €753,967 | €519,991 | -€233,976 | -31.0% |
| Other amounts receivable | 41 | €46,669 | €48,657 | +€1,988 | +4.3% |
| Cash at bank and in hand | 54/58 | €272,619 | €198,438 | -€74,182 | -27.2% |
| Deferred charges and accrued income | 490/1 | €3,299 | €3,513 | +€214 | +6.5% |
| Total equity and liabilities | 10/49 | €2,733,501 | €2,633,621 | -€99,880 | -3.7% |
| Equity | 10/15 | €1,866,571 | €2,098,122 | +€231,551 | +12.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,803,287 | €2,036,104 | +€232,817 | +12.9% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,800 | €19,173 | -€4,627 | -19.4% |
| Distributable reserves | 133 | €1,767,092 | €2,004,537 | +€237,445 | +13.4% |
| Investment grants | 15 | €1,311 | €44 | -€1,267 | -96.6% |
| Provisions and deferred taxes | 16 | €2,918 | €1,946 | -€973 | -33.3% |
| Deferred taxes | 168 | €2,918 | €1,946 | -€973 | -33.3% |
| Amounts payable | 17/49 | €864,012 | €533,553 | -€330,458 | -38.2% |
| Amounts payable within one year | 42/48 | €864,012 | €533,553 | -€330,458 | -38.2% |
| Trade debts | 44 | €155,101 | €71,173 | -€83,928 | -54.1% |
| Suppliers | 440/4 | €155,101 | €71,173 | -€83,928 | -54.1% |
| Taxes, remuneration and social security | 45 | €176,910 | €104,380 | -€72,530 | -41.0% |
| Taxes | 450/3 | €122,707 | €46,234 | -€76,473 | -62.3% |
| Remuneration and social security | 454/9 | €54,204 | €58,147 | +€3,943 | +7.3% |
| Other amounts payable | 47/48 | €532,000 | €358,000 | -€174,000 | -32.7% |
| Remuneration, social security and pensions | 62 | €598,553 | €610,511 | +€11,957 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,462 | €250,263 | -€4,199 | -1.7% |
| Other operating charges | 640/8 | €21,704 | €19,638 | -€2,066 | -9.5% |
| Gross operating margin | 9900 | €2,049,610 | €1,928,377 | -€121,232 | -5.9% |
| Operating profit (loss) | 9901 | €1,174,890 | €1,047,965 | -€126,925 | -10.8% |
| Financial income | 75/76B | €27,888 | €6,386 | -€21,501 | -77.1% |
| Recurring financial income | 75 | €27,888 | €6,386 | -€21,501 | -77.1% |
| Financial charges | 65/66B | €35 | €44 | +€9 | +24.5% |
| Recurring financial charges | 65 | €35 | €44 | +€9 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,202,742 | €1,054,308 | -€148,435 | -12.3% |
| Transfer from deferred taxes | 780 | €973 | €973 | = | 0.0% |
| Income taxes | 67/77 | €327,637 | €296,234 | -€31,404 | -9.6% |
| Profit (loss) for the period | 9904 | €876,078 | €759,047 | -€117,031 | -13.4% |
| Transfer from tax-exempt reserves | 789 | €4,627 | €4,627 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €880,705 | €763,674 | -€117,031 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.