ETRE ET PARAITRE: 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.
ETRE ET PARAITRE
Largest movements
- Cash +€2,486
up €2,486 (+29.5%), from €8,425 to €10,910
mainly Trade debts (+€3,126) and Depreciation (+€3,057)
- Receivables within one year +€2,429
up €2,429 (+219%), from €1,110 to €3,539
of which Trade receivables: +€2,429
- Tangible fixed assets -€2,276
down €2,276 (-64.7%), from €3,516 to €1,240
of which Leasing and similar rights: -€3,516
- Trade debts +€3,126
up €3,126 (+236%), from €1,323 to €4,449
of which Suppliers: +€2,016
- Other debts -€2,360
down €2,360 (-7.7%), from €30,567 to €28,208
- Profit (loss) carried forward +€2,265
up €2,265 (+7.8%), from -€29,079 to -€26,814
- Current portion of long-term debt -€981
no longer reported in 2025 (was €981)
- Tax, wage and social debts +€737
up €737 (+24.9%), from €2,961 to €3,698
- Gross operating margin -€1,651
down €1,651 (-19.3%), from €8,545 to €6,895
- Depreciation +€309
up €309 (+11.2%), from €2,748 to €3,057
- Financial charges -€93
down €93 (-13.3%), from €698 to €605
- Other operating charges -€86
down €86 (-9.0%), from €953 to €867
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 | €13,054 | €15,743 | +€2,689 | +20.6% |
| Fixed assets | 21/28 | €3,516 | €1,240 | -€2,276 | -64.7% |
| Tangible fixed assets | 22/27 | €3,516 | €1,240 | -€2,276 | -64.7% |
| Furniture and vehicles | 24 | - | €1,240 | +€1,240 | |
| Leasing and similar rights | 25 | €3,516 | - | -€3,516 | |
| Current assets | 29/58 | €9,537 | €14,503 | +€4,965 | +52.1% |
| Amounts receivable within one year | 40/41 | €1,110 | €3,539 | +€2,429 | +219% |
| Trade receivables | 40 | €1,109 | €3,538 | +€2,429 | +219% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,425 | €10,910 | +€2,486 | +29.5% |
| Deferred charges and accrued income | 490/1 | €3 | €53 | +€51 | +1,894% |
| Total equity and liabilities | 10/49 | €13,054 | €15,743 | +€2,689 | +20.6% |
| Equity | 10/15 | -€22,879 | -€20,614 | +€2,265 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,079 | -€26,814 | +€2,265 | +7.8% |
| Amounts payable | 17/49 | €35,932 | €36,356 | +€424 | +1.2% |
| Amounts payable within one year | 42/48 | €35,932 | €36,355 | +€422 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €981 | - | -€981 | |
| Financial debts | 43 | €100 | - | -€100 | |
| Credit institutions | 430/8 | €100 | - | -€100 | |
| Trade debts | 44 | €1,323 | €4,449 | +€3,126 | +236% |
| Suppliers | 440/4 | €1,323 | €3,339 | +€2,016 | +152% |
| Bills of exchange payable | 441 | - | €1,110 | +€1,110 | |
| Taxes, remuneration and social security | 45 | €2,961 | €3,698 | +€737 | +24.9% |
| Taxes | 450/3 | €2,961 | €3,698 | +€737 | +24.9% |
| Other amounts payable | 47/48 | €30,567 | €28,208 | -€2,360 | -7.7% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €3,057 | +€309 | +11.2% |
| Other operating charges | 640/8 | €953 | €867 | -€86 | -9.0% |
| Gross operating margin | 9900 | €8,545 | €6,895 | -€1,651 | -19.3% |
| Operating profit (loss) | 9901 | €4,845 | €2,971 | -€1,874 | -38.7% |
| Financial income | 75/76B | €75 | €40 | -€36 | -47.6% |
| Recurring financial income | 75 | €75 | €40 | -€36 | -47.6% |
| Financial charges | 65/66B | €698 | €605 | -€93 | -13.3% |
| Recurring financial charges | 65 | €698 | €605 | -€93 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €4,222 | €2,405 | -€1,817 | -43.0% |
| Income taxes | 67/77 | €138 | €140 | +€2 | +1.8% |
| Profit (loss) for the period | 9904 | €4,085 | €2,265 | -€1,819 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,085 | €2,265 | -€1,819 | -44.5% |
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 31 October 2026 via checked.be.