BEST ETEMA: what changed
BEST ETEMA
Largest movements
- Cash +€51,776
up €51,776 (+60.3%), from €85,805 to €137,581
mainly Depreciation (+€41,530) and Other debts (+€28,370)
- Tangible fixed assets -€41,530
down €41,530 (-27.5%), from €151,019 to €109,489
of which Furniture and vehicles: -€34,506
- Receivables within one year -€11,019
down €11,019 (-55.6%), from €19,817 to €8,798
- Other debts +€28,370
up €28,370 (+260%), from €10,912 to €39,282
- Debts after one year -€9,251
down €9,251 (-33.1%), from €27,958 to €18,707
- Tax, wage and social debts -€9,229
down €9,229 (-51.1%), from €18,045 to €8,816
of which Remuneration and social security: -€10,138
- Short-term financial debts -€7,459
no longer reported in 2025 (was €7,459)
- Profit (loss) carried forward +€5,590
up €5,590 (+3.4%), from €165,772 to €171,362
- Turnover +€55,845
up €55,845 (+11.5%), from €485,009 to €540,854
- Purchases and services +€48,363
up €48,363 (+31.1%), from €155,657 to €204,020
- Staff costs +€8,140
up €8,140 (+3.0%), from €268,503 to €276,643
- Gross operating margin +€7,482
up €7,482 (+2.3%), from €329,352 to €336,834
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,641 | €255,868 | -€773 | -0.3% |
| Fixed assets | 21/28 | €151,019 | €109,489 | -€41,530 | -27.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €151,019 | €109,489 | -€41,530 | -27.5% |
| Furniture and vehicles | 24 | €122,921 | €88,415 | -€34,506 | -28.1% |
| Leasing and similar rights | 25 | €28,098 | €21,074 | -€7,024 | -25.0% |
| Current assets | 29/58 | €105,622 | €146,379 | +€40,757 | +38.6% |
| Amounts receivable within one year | 40/41 | €19,817 | €8,798 | -€11,019 | -55.6% |
| Other amounts receivable | 41 | €19,817 | €8,798 | -€11,019 | -55.6% |
| Cash at bank and in hand | 54/58 | €85,805 | €137,581 | +€51,776 | +60.3% |
| Total equity and liabilities | 10/49 | €256,641 | €255,868 | -€773 | -0.3% |
| Equity | 10/15 | €173,828 | €179,418 | +€5,590 | +3.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,772 | €171,362 | +€5,590 | +3.4% |
| Amounts payable | 17/49 | €82,813 | €76,450 | -€6,363 | -7.7% |
| Amounts payable after more than one year | 17 | €27,958 | €18,707 | -€9,251 | -33.1% |
| Financial debts | 170/4 | €27,958 | €18,707 | -€9,251 | -33.1% |
| Amounts payable within one year | 42/48 | €49,802 | €57,743 | +€7,941 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €12,658 | €9,251 | -€3,407 | -26.9% |
| Financial debts | 43 | €7,459 | - | -€7,459 | |
| Credit institutions | 430/8 | €7,459 | - | -€7,459 | |
| Trade debts | 44 | €728 | €394 | -€334 | -45.9% |
| Suppliers | 440/4 | €728 | €394 | -€334 | -45.9% |
| Taxes, remuneration and social security | 45 | €18,045 | €8,816 | -€9,229 | -51.1% |
| Taxes | 450/3 | €1,785 | €2,694 | +€909 | +50.9% |
| Remuneration and social security | 454/9 | €16,260 | €6,122 | -€10,138 | -62.3% |
| Other amounts payable | 47/48 | €10,912 | €39,282 | +€28,370 | +260% |
| Accrued charges and deferred income | 492/3 | €5,053 | - | -€5,053 | |
| Turnover | 70 | €485,009 | €540,854 | +€55,845 | +11.5% |
| Non-recurring operating income | 76A | €26,592 | €17,506 | -€9,086 | -34.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €155,657 | €204,020 | +€48,363 | +31.1% |
| Remuneration, social security and pensions | 62 | €268,503 | €276,643 | +€8,140 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,907 | €41,530 | -€3,377 | -7.5% |
| Other operating charges | 640/8 | €4,101 | €6,386 | +€2,285 | +55.7% |
| Gross operating margin | 9900 | €329,352 | €336,834 | +€7,482 | +2.3% |
| Operating profit (loss) | 9901 | €11,841 | €12,275 | +€434 | +3.7% |
| Financial charges | 65/66B | €8,810 | €5,859 | -€2,951 | -33.5% |
| Recurring financial charges | 65 | €8,810 | €5,859 | -€2,951 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €3,031 | €6,416 | +€3,385 | +112% |
| Income taxes | 67/77 | - | €826 | +€826 | |
| Profit (loss) for the period | 9904 | €3,031 | €5,590 | +€2,559 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,031 | €5,590 | +€2,559 | +84.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.