Gestion Etoile: 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.
Gestion Etoile
Largest movements
- Tangible fixed assets -€4,445
down €4,445 (-97.3%), from €4,569 to €124
- Receivables within one year -€2,307
down €2,307 (-18.7%), from €12,348 to €10,041
of which Trade receivables: -€1,983
- Deferred charges and accrued income -€1,139
no longer reported in 2025 (was €1,139)
- Profit (loss) carried forward -€9,716
down €9,716 (-2.9%), from -€338,077 to -€347,793
- Other debts +€1,750
up €1,750 (+0.5%), from €336,773 to €338,523
- Trade debts +€386
up €386 (+35.9%), from €1,075 to €1,460
- Gross operating margin +€13,811
up €13,811 (+73.2%), from -€18,858 to -€5,047
- Depreciation -€3,950
down €3,950 (-47.0%), from €8,395 to €4,445
- Other operating charges -€189
down €189 (-49.2%), from €384 to €195
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 | €20,415 | €12,642 | -€7,773 | -38.1% |
| Fixed assets | 21/28 | €4,569 | €124 | -€4,445 | -97.3% |
| Tangible fixed assets | 22/27 | €4,569 | €124 | -€4,445 | -97.3% |
| Furniture and vehicles | 24 | €4,569 | €124 | -€4,445 | -97.3% |
| Current assets | 29/58 | €15,846 | €12,518 | -€3,328 | -21.0% |
| Amounts receivable within one year | 40/41 | €12,348 | €10,041 | -€2,307 | -18.7% |
| Trade receivables | 40 | €11,800 | €9,817 | -€1,983 | -16.8% |
| Other amounts receivable | 41 | €548 | €224 | -€324 | -59.1% |
| Cash at bank and in hand | 54/58 | €2,358 | €2,477 | +€119 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,139 | - | -€1,139 | |
| Total equity and liabilities | 10/49 | €20,415 | €12,642 | -€7,773 | -38.1% |
| Equity | 10/15 | -€317,625 | -€327,342 | -€9,716 | -3.1% |
| Contributions | 10/11 | - | €100 | +€100 | |
| Contributions outside capital | 11 | - | €100 | +€100 | |
| Other | 1109/19 | - | €100 | +€100 | |
| Reserves | 13 | €20,451 | €20,351 | -€100 | -0.5% |
| Distributable reserves | 133 | €20,451 | €20,351 | -€100 | -0.5% |
| Profit (loss) carried forward | 14 | -€338,077 | -€347,793 | -€9,716 | -2.9% |
| Amounts payable | 17/49 | €338,040 | €339,984 | +€1,944 | +0.6% |
| Amounts payable within one year | 42/48 | €337,848 | €339,984 | +€2,136 | +0.6% |
| Trade debts | 44 | €1,075 | €1,460 | +€386 | +35.9% |
| Suppliers | 440/4 | €1,075 | €1,460 | +€386 | +35.9% |
| Other amounts payable | 47/48 | €336,773 | €338,523 | +€1,750 | +0.5% |
| Accrued charges and deferred income | 492/3 | €192 | - | -€192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,395 | €4,445 | -€3,950 | -47.0% |
| Other operating charges | 640/8 | €384 | €195 | -€189 | -49.2% |
| Gross operating margin | 9900 | -€18,858 | -€5,047 | +€13,811 | +73.2% |
| Operating profit (loss) | 9901 | -€27,638 | -€9,688 | +€17,950 | +64.9% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €30 | €60 | +€30 | +100% |
| Recurring financial charges | 65 | €30 | €60 | +€30 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€27,668 | -€9,716 | +€17,951 | +64.9% |
| Profit (loss) for the period | 9904 | -€27,668 | -€9,716 | +€17,951 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,668 | -€9,716 | +€17,951 | +64.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.