ETOILE: 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.
ETOILE
Largest movements
- Stocks and contracts -€30,289
down €30,289 (-29.6%), from €102,170 to €71,881
- Cash +€10,678
up €10,678 (+52.4%), from €20,374 to €31,052
mainly Current portion of long-term debt (+€96,915) and Other debts (+€45,198)
- Tangible fixed assets -€7,577
down €7,577 (-1.3%), from €585,292 to €577,715
of which Plant, machinery and equipment: -€8,023
- Current portion of long-term debt +€96,915
up €96,915 (+155.1%), from €62,495 to €159,410
- Trade debts -€65,850
down €65,850 (-70.6%), from €93,216 to €27,366
- Short-term financial debts -€58,349
no longer reported in 2025 (was €58,349)
- Other debts +€45,198
up €45,198 (+1208.6%), from €3,740 to €48,938
- Profit (loss) carried forward -€42,622
down €42,622 (-59.3%), from -€71,829 to -€114,452
- Gross operating margin +€46,196
up €46,196, from -€23,564 to €22,633
- Financial charges +€13,516
up €13,516 (+43.4%), from €31,144 to €44,660
- Other operating charges +€11,353
up €11,353 (+792.4%), from €1,433 to €12,786
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 | €709,012 | €680,648 | -€28,365 | -4.0% |
| Fixed assets | 21/28 | €585,292 | €577,715 | -€7,577 | -1.3% |
| Tangible fixed assets | 22/27 | €585,292 | €577,715 | -€7,577 | -1.3% |
| Land and buildings | 22 | €545,000 | €545,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €39,667 | €31,644 | -€8,023 | -20.2% |
| Furniture and vehicles | 24 | €625 | €1,070 | +€445 | +71.3% |
| Current assets | 29/58 | €123,721 | €102,933 | -€20,788 | -16.8% |
| Stocks and contracts in progress | 3 | €102,170 | €71,881 | -€30,289 | -29.6% |
| Stocks | 30/36 | €102,170 | €71,881 | -€30,289 | -29.6% |
| Amounts receivable within one year | 40/41 | €1,177 | - | -€1,177 | |
| Other amounts receivable | 41 | €1,177 | - | -€1,177 | |
| Cash at bank and in hand | 54/58 | €20,374 | €31,052 | +€10,678 | +52.4% |
| Total equity and liabilities | 10/49 | €709,012 | €680,648 | -€28,365 | -4.0% |
| Equity | 10/15 | -€61,829 | -€104,452 | -€42,622 | -68.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,829 | -€114,452 | -€42,622 | -59.3% |
| Amounts payable | 17/49 | €770,842 | €785,099 | +€14,258 | +1.8% |
| Amounts payable after more than one year | 17 | €531,768 | €525,182 | -€6,585 | -1.2% |
| Financial debts | 170/4 | €531,768 | €525,182 | -€6,585 | -1.2% |
| Amounts payable within one year | 42/48 | €239,074 | €259,917 | +€20,843 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €62,495 | €159,410 | +€96,915 | +155.1% |
| Financial debts | 43 | €58,349 | - | -€58,349 | |
| Credit institutions | 430/8 | €58,349 | - | -€58,349 | |
| Trade debts | 44 | €93,216 | €27,366 | -€65,850 | -70.6% |
| Suppliers | 440/4 | €93,216 | €27,366 | -€65,850 | -70.6% |
| Taxes, remuneration and social security | 45 | €21,274 | €24,203 | +€2,929 | +13.8% |
| Taxes | 450/3 | €17,325 | €20,254 | +€2,929 | +16.9% |
| Remuneration and social security | 454/9 | €3,950 | €3,950 | = | 0.0% |
| Other amounts payable | 47/48 | €3,740 | €48,938 | +€45,198 | +1208.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,241 | €9,231 | -€10 | -0.1% |
| Other operating charges | 640/8 | €1,433 | €12,786 | +€11,353 | +792.4% |
| Gross operating margin | 9900 | -€23,564 | €22,633 | +€46,196 | |
| Operating profit (loss) | 9901 | -€34,237 | €615 | +€34,852 | |
| Financial income | 75/76B | €1,533 | €1,733 | +€200 | +13.0% |
| Recurring financial income | 75 | €1,533 | €1,733 | +€200 | +13.0% |
| Financial charges | 65/66B | €31,144 | €44,660 | +€13,516 | +43.4% |
| Recurring financial charges | 65 | €31,144 | €44,660 | +€13,516 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,848 | -€42,312 | +€21,536 | +33.7% |
| Income taxes | 67/77 | €323 | €310 | -€14 | -4.2% |
| Profit (loss) for the period | 9904 | -€64,172 | -€42,622 | +€21,549 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,172 | -€42,622 | +€21,549 | +33.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.