ETOILE DE MER: 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.
ETOILE DE MER
Largest movements
- Receivables within one year +€141,398
up €141,398 (+219%), from €64,689 to €206,087
of which Trade receivables: +€140,275
- Cash +€66,835
up €66,835 (+225%), from €29,714 to €96,549
mainly Trade debts (+€201,815) and Net result for the year (+€4,311)
- Trade debts +€201,815
up €201,815 (+12,165%), from €1,659 to €203,474
of which Suppliers: +€201,697
- Profit (loss) carried forward +€5,176
up €5,176 (+658%), from €786 to €5,962
- Gross operating margin -€1,354
down €1,354 (-19.5%), from €6,937 to €5,583
- Taxes +€1,042
up €1,042 (+414%), from €252 to €1,294
- Other operating charges -€500
down €500 (-98.2%), from €509 to €9
- Financial charges +€226
up €226, from -€81 to €145
- Financial income +€79
up €79 (+26.8%), from €296 to €376
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.
Derived cash bridge
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 | €95,201 | €303,235 | +€208,033 | +219% |
| Fixed assets | 21/28 | €798 | €599 | -€200 | -25.0% |
| Tangible fixed assets | 22/27 | €798 | €599 | -€200 | -25.0% |
| Plant, machinery and equipment | 23 | €798 | €599 | -€200 | -25.0% |
| Current assets | 29/58 | €94,403 | €302,636 | +€208,233 | +221% |
| Amounts receivable within one year | 40/41 | €64,689 | €206,087 | +€141,398 | +219% |
| Trade receivables | 40 | €64,536 | €204,812 | +€140,275 | +217% |
| Other amounts receivable | 41 | €153 | €1,276 | +€1,123 | +733% |
| Cash at bank and in hand | 54/58 | €29,714 | €96,549 | +€66,835 | +225% |
| Total equity and liabilities | 10/49 | €95,201 | €303,235 | +€208,033 | +219% |
| Equity | 10/15 | €2,286 | €7,462 | +€5,176 | +226% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €786 | €5,962 | +€5,176 | +658% |
| Amounts payable | 17/49 | €92,915 | €295,772 | +€202,858 | +218% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,915 | €285,772 | +€202,858 | +245% |
| Trade debts | 44 | €1,659 | €203,474 | +€201,815 | +12,165% |
| Suppliers | 440/4 | €1,659 | €203,356 | +€201,697 | +12,158% |
| Bills of exchange payable | 441 | - | €118 | +€118 | |
| Advances received on contracts in progress | 46 | €80,004 | €80,004 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €252 | €1,294 | +€1,042 | +414% |
| Taxes | 450/3 | €252 | €1,294 | +€1,042 | +414% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €509 | €9 | -€500 | -98.2% |
| Gross operating margin | 9900 | €6,937 | €5,583 | -€1,354 | -19.5% |
| Operating profit (loss) | 9901 | €6,228 | €5,374 | -€854 | -13.7% |
| Financial income | 75/76B | €296 | €376 | +€79 | +26.8% |
| Recurring financial income | 75 | €296 | €376 | +€79 | +26.8% |
| Financial charges | 65/66B | -€81 | €145 | +€226 | |
| Recurring financial charges | 65 | -€81 | €145 | +€226 | |
| Profit (loss) for the period before taxes | 9903 | €6,606 | €5,605 | -€1,001 | -15.2% |
| Income taxes | 67/77 | €252 | €1,294 | +€1,042 | +414% |
| Profit (loss) for the period | 9904 | €6,354 | €4,311 | -€2,043 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,354 | €4,311 | -€2,043 | -32.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.