Eternum: 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.
What changed
Eternum
NACE 25.610, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€564,932
2024 · €964,205-€399,273
Equity
€9.7m
2024 · €9.1m+€564,932
Cash
€101,388
2024 · €322,000-€220,612
Balance sheet total
€15.1m
2024 · €12.9m+€2.2m
Largest movements
Assets
- Stocks and contracts +€2.2m
up €2.2m (+32.7%), from €6.9m to €9.1m
- Receivables within one year +€576,918
up €576,918 (+18.0%), from €3.2m to €3.8m
of which Trade receivables: +€379,805
- Cash -€220,612
down €220,612 (-68.5%), from €322,000 to €101,388
mainly Stocks and contracts (-€2.2m) and Receivables within one year (-€576,918)
- Deferred charges and accrued income -€201,956
down €201,956 (-47.9%), from €421,237 to €219,281
Equity and liabilities
- Short-term financial debts +€1.6m
up €1.6m (+88.9%), from €1.8m to €3.4m
- Reserves +€564,932
up €564,932 (+7.5%), from €7.5m to €8.1m
of which Distributable reserves: +€598,485
Income statement
- Goods and materials +€1.2m
up €1.2m (+13.5%), from €9.0m to €10.2m
of which Purchases: +€5.3m
- Turnover +€1.0m
up €1.0m (+6.9%), from €15.1m to €16.2m
- Write-downs +€395,116
up €395,116 (+2744.0%), from €14,399 to €409,516
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
€964,205
Turnover
+€1.0m
Other operating income
-€23,240
Goods and materials
-€1.2m
Services and other goods
+€16,669
Staff costs
+€82,605
Depreciation
-€1,173
Write-downs
-€395,116
Other operating charges
-€15,023
Other operating items
+€49,320
Financial income
-€56,708
Financial charges
-€36,991
Taxes
+€142,469
Result 2025
€564,932
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.
From operations
-€1.7m
Investment
-€6,400
Financing
+€1.5m
Cash 2024
€322,000
From operations (derived)
-€1.7m
Net result for the year
+€564,932
Depreciation
+€153,645
Stocks and contracts
-€2.2m
Receivables within one year
-€576,918
Deferred charges and accrued income
+€201,956
Provisions
+€73,218
Trade debts
+€147,071
Tax, wage and social debts
-€14,380
Accrued charges and deferred income
-€41,720
Investment (derived)
-€6,400
Investment in fixed assets (net)
-€6,400
Financing
+€1.5m
Debts after one year
-€84,373
Current portion of long-term debt
+€1,945
Short-term financial debts
+€1.6m
Cash 2025
€101,388
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,872,110 | €15,118,802 | +€2.2m | +17.5% |
| Fixed assets | 21/28 | €2,066,334 | €1,919,088 | -€147,245 | -7.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,066,334 | €1,919,088 | -€147,245 | -7.1% |
| Land and buildings | 22 | €1,944,430 | €1,836,954 | -€107,476 | -5.5% |
| Plant, machinery and equipment | 23 | €24,586 | €21,959 | -€2,627 | -10.7% |
| Furniture and vehicles | 24 | €97,317 | €60,175 | -€37,142 | -38.2% |
| Current assets | 29/58 | €10,805,776 | €13,199,714 | +€2.4m | +22.2% |
| Stocks and contracts in progress | 3 | €6,855,997 | €9,095,585 | +€2.2m | +32.7% |
| Stocks | 30/36 | €6,855,997 | €9,095,585 | +€2.2m | +32.7% |
| Raw materials and consumables | 30/31 | €67,005 | €72,015 | +€5,010 | +7.5% |
| Goods purchased for resale | 34 | €6,788,992 | €9,023,570 | +€2.2m | +32.9% |
| Amounts receivable within one year | 40/41 | €3,206,543 | €3,783,461 | +€576,918 | +18.0% |
| Trade receivables | 40 | €3,199,823 | €3,579,628 | +€379,805 | +11.9% |
| Other amounts receivable | 41 | €6,720 | €203,833 | +€197,114 | +2933.4% |
| Cash at bank and in hand | 54/58 | €322,000 | €101,388 | -€220,612 | -68.5% |
| Deferred charges and accrued income | 490/1 | €421,237 | €219,281 | -€201,956 | -47.9% |
| Total equity and liabilities | 10/49 | €12,872,110 | €15,118,802 | +€2.2m | +17.5% |
| Equity | 10/15 | €9,103,642 | €9,668,574 | +€564,932 | +6.2% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Capital | 10 | €1,600,000 | €1,600,000 | = | 0.0% |
| Issued capital | 100 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €7,503,642 | €8,068,574 | +€564,932 | +7.5% |
| Non-distributable reserves | 130/1 | €164,958 | €164,958 | = | 0.0% |
| Legal reserve | 130 | €160,000 | €160,000 | = | 0.0% |
| Other | 1319 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €636,836 | €603,282 | -€33,553 | -5.3% |
| Distributable reserves | 133 | €6,701,849 | €7,300,334 | +€598,485 | +8.9% |
| Provisions and deferred taxes | 16 | €184,543 | €257,761 | +€73,218 | +39.7% |
| Provisions for liabilities and charges | 160/5 | - | €84,403 | +€84,403 | |
| Other liabilities and charges | 164/5 | - | €84,403 | +€84,403 | |
| Deferred taxes | 168 | €184,543 | €173,359 | -€11,184 | -6.1% |
| Amounts payable | 17/49 | €3,583,925 | €5,192,467 | +€1.6m | +44.9% |
| Amounts payable after more than one year | 17 | €526,481 | €442,108 | -€84,373 | -16.0% |
| Financial debts | 170/4 | €526,481 | €442,108 | -€84,373 | -16.0% |
| Credit institutions | 173 | €526,481 | €442,108 | -€84,373 | -16.0% |
| Amounts payable within one year | 42/48 | €2,953,271 | €4,687,906 | +€1.7m | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €82,429 | €84,373 | +€1,945 | +2.4% |
| Financial debts | 43 | €1,800,000 | €3,400,000 | +€1.6m | +88.9% |
| Credit institutions | 430/8 | €1,800,000 | €3,400,000 | +€1.6m | +88.9% |
| Trade debts | 44 | €909,386 | €1,056,456 | +€147,071 | +16.2% |
| Suppliers | 440/4 | €909,386 | €1,056,456 | +€147,071 | +16.2% |
| Taxes, remuneration and social security | 45 | €161,457 | €147,077 | -€14,380 | -8.9% |
| Taxes | 450/3 | €15,645 | €12,784 | -€2,860 | -18.3% |
| Remuneration and social security | 454/9 | €145,812 | €134,292 | -€11,519 | -7.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €104,173 | €62,453 | -€41,720 | -40.0% |
| Operating income | 70/76A | €15,255,611 | €16,278,057 | +€1.0m | +6.7% |
| Turnover | 70 | €15,130,125 | €16,176,080 | +€1.0m | +6.9% |
| Other operating income | 74 | €123,986 | €100,746 | -€23,240 | -18.7% |
| Non-recurring operating income | 76A | €1,500 | €1,230 | -€270 | -18.0% |
| Operating charges | 60/66A | €13,677,562 | €15,148,051 | +€1.5m | +10.8% |
| Goods for resale, raw materials and consumables | 60 | €8,974,247 | €10,182,288 | +€1.2m | +13.5% |
| Purchases | 600/8 | €7,243,586 | €12,547,084 | +€5.3m | +73.2% |
| Change in stocks: decrease (increase) | 609 | €1,730,661 | -€2,364,795 | -€4.1m | |
| Services and other goods | 61 | €2,960,767 | €2,944,097 | -€16,669 | -0.6% |
| Remuneration, social security and pensions | 62 | €1,492,073 | €1,409,468 | -€82,605 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,473 | €153,645 | +€1,173 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,399 | €409,516 | +€395,116 | +2744.0% |
| Other operating charges | 640/8 | €34,014 | €49,037 | +€15,023 | +44.2% |
| Non-recurring operating charges | 66A | €49,590 | €0 | -€49,590 | -100.0% |
| Operating profit (loss) | 9901 | €1,578,049 | €1,130,006 | -€448,043 | -28.4% |
| Financial income | 75/76B | €93,978 | €37,270 | -€56,708 | -60.3% |
| Recurring financial income | 75 | €93,978 | €37,270 | -€56,708 | -60.3% |
| Other financial income | 752/9 | €93,978 | €37,270 | -€56,708 | -60.3% |
| Financial charges | 65/66B | €360,188 | €397,179 | +€36,991 | +10.3% |
| Recurring financial charges | 65 | €360,188 | €397,179 | +€36,991 | +10.3% |
| Debt charges | 650 | €201,829 | €141,074 | -€60,755 | -30.1% |
| Other financial charges | 652/9 | €158,359 | €256,105 | +€97,746 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | €1,311,838 | €770,096 | -€541,742 | -41.3% |
| Transfer from deferred taxes | 780 | €11,184 | €11,184 | = | 0.0% |
| Income taxes | 67/77 | €358,818 | €216,349 | -€142,469 | -39.7% |
| Taxes | 670/3 | €358,818 | €216,349 | -€142,469 | -39.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €964,205 | €564,932 | -€399,273 | -41.4% |
| Transfer from tax-exempt reserves | 789 | €33,553 | €33,553 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €997,758 | €598,485 | -€399,273 | -40.0% |
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 5 October 2026 via checked.be.