Etre Gourmet: 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.
What changed
Etre Gourmet
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€56,657
2024 · -€34,199-€22,457
Equity
€46,391
2024 · €103,048-€56,657
Cash
€16,228
2024 · €9,631+€6,596
Balance sheet total
€917,042
2024 · €1.0m-€109,858
Largest movements
Assets
- Tangible fixed assets -€67,240
down €67,240 (-9.2%), from €733,083 to €665,842
of which Land and buildings: -€57,494
- Stocks and contracts -€38,678
down €38,678 (-16.1%), from €240,298 to €201,620
Equity and liabilities
- Advances received -€62,148
no longer reported in 2025 (was €62,148)
- Profit (loss) carried forward -€56,657
down €56,657 (-67.1%), from €84,448 to €27,791
- Debts after one year -€56,504
down €56,504 (-11.3%), from €499,928 to €443,423
- Short-term financial debts +€34,752
up €34,752 (+49.2%), from €70,652 to €105,404
- Trade debts +€17,166
up €17,166 (+15.1%), from €113,314 to €130,481
Income statement
- Gross operating margin -€25,599
down €25,599 (-18.2%), from €140,846 to €115,247
- Financial charges +€10,875
up €10,875 (+43.4%), from €25,052 to €35,927
- Other operating charges -€6,571
down €6,571 (-63.6%), from €10,326 to €3,755
- Staff costs -€6,071
down €6,071 (-8.8%), from €69,254 to €63,182
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.
Result 2024
-€34,199
Gross operating margin
-€25,599
Staff costs
+€6,071
Depreciation
+€216
Write-downs
+€1,322
Other operating charges
+€6,571
Financial income
-€203
Financial charges
-€10,875
Taxes
+€39
Result 2025
-€56,657
raises the resultlowers the result
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.
From operations
+€33,330
Investment
-€1,307
Financing
-€25,427
Cash 2024
€9,631
From operations (derived)
+€33,330
Net result for the year
-€56,657
Depreciation
+€68,547
Stocks and contracts
+€38,678
Receivables within one year
+€4,226
Deferred charges and accrued income
+€6,310
Trade debts
+€17,166
Tax, wage and social debts
+€7,229
Advances received
-€62,148
Other debts
+€9,979
Investment (derived)
-€1,307
Investment in fixed assets (net)
-€1,307
Financing
-€25,427
Debts after one year
-€56,504
Current portion of long-term debt
-€3,675
Short-term financial debts
+€34,752
Cash 2025
€16,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,026,900 | €917,042 | -€109,858 | -10.7% |
| Fixed assets | 21/28 | €743,108 | €675,867 | -€67,240 | -9.0% |
| Tangible fixed assets | 22/27 | €733,083 | €665,842 | -€67,240 | -9.2% |
| Land and buildings | 22 | €719,690 | €662,196 | -€57,494 | -8.0% |
| Furniture and vehicles | 24 | €13,393 | €3,646 | -€9,746 | -72.8% |
| Financial fixed assets | 28 | €10,025 | €10,025 | = | 0.0% |
| Current assets | 29/58 | €283,792 | €241,175 | -€42,618 | -15.0% |
| Stocks and contracts in progress | 3 | €240,298 | €201,620 | -€38,678 | -16.1% |
| Stocks | 30/36 | €240,298 | €201,620 | -€38,678 | -16.1% |
| Amounts receivable within one year | 40/41 | €27,104 | €22,878 | -€4,226 | -15.6% |
| Trade receivables | 40 | €12,757 | €4,020 | -€8,737 | -68.5% |
| Other amounts receivable | 41 | €14,347 | €18,858 | +€4,511 | +31.4% |
| Cash at bank and in hand | 54/58 | €9,631 | €16,228 | +€6,596 | +68.5% |
| Deferred charges and accrued income | 490/1 | €6,759 | €449 | -€6,310 | -93.4% |
| Total equity and liabilities | 10/49 | €1,026,900 | €917,042 | -€109,858 | -10.7% |
| Equity | 10/15 | €103,048 | €46,391 | -€56,657 | -55.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,448 | €27,791 | -€56,657 | -67.1% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €913,852 | €860,651 | -€53,201 | -5.8% |
| Amounts payable after more than one year | 17 | €499,928 | €443,423 | -€56,504 | -11.3% |
| Financial debts | 170/4 | €499,928 | €443,423 | -€56,504 | -11.3% |
| Amounts payable within one year | 42/48 | €413,924 | €417,228 | +€3,303 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €60,180 | €56,504 | -€3,675 | -6.1% |
| Financial debts | 43 | €70,652 | €105,404 | +€34,752 | +49.2% |
| Credit institutions | 430/8 | €70,652 | €105,404 | +€34,752 | +49.2% |
| Trade debts | 44 | €113,314 | €130,481 | +€17,166 | +15.1% |
| Suppliers | 440/4 | €113,314 | €130,481 | +€17,166 | +15.1% |
| Advances received on contracts in progress | 46 | €62,148 | - | -€62,148 | |
| Taxes, remuneration and social security | 45 | €19,703 | €26,933 | +€7,229 | +36.7% |
| Taxes | 450/3 | €11,971 | €17,517 | +€5,547 | +46.3% |
| Remuneration and social security | 454/9 | €7,733 | €9,416 | +€1,683 | +21.8% |
| Other amounts payable | 47/48 | €87,927 | €97,905 | +€9,979 | +11.3% |
| Remuneration, social security and pensions | 62 | €69,254 | €63,182 | -€6,071 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,763 | €68,547 | -€216 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,322 | - | -€1,322 | |
| Other operating charges | 640/8 | €10,326 | €3,755 | -€6,571 | -63.6% |
| Gross operating margin | 9900 | €140,846 | €115,247 | -€25,599 | -18.2% |
| Operating profit (loss) | 9901 | -€8,818 | -€20,237 | -€11,419 | -129% |
| Financial income | 75/76B | €208 | €5 | -€203 | -97.6% |
| Recurring financial income | 75 | €208 | €5 | -€203 | -97.6% |
| Financial charges | 65/66B | €25,052 | €35,927 | +€10,875 | +43.4% |
| Recurring financial charges | 65 | €25,052 | €35,927 | +€10,875 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,662 | -€56,159 | -€22,497 | -66.8% |
| Income taxes | 67/77 | €537 | €498 | -€39 | -7.3% |
| Profit (loss) for the period | 9904 | -€34,199 | -€56,657 | -€22,457 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,199 | -€56,657 | -€22,457 | -65.7% |
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 24 October 2026 via checked.be.