ENVIRONMENT TECHNICAL SERVICES EUROPE: 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.
ENVIRONMENT TECHNICAL SERVICES EUROPE
Largest movements
- Receivables within one year -€34,852
down €34,852 (-8.4%), from €415,860 to €381,008
of which Other amounts receivable: -€31,207
- Tangible fixed assets +€22,443
up €22,443 (+28.7%), from €78,123 to €100,567
of which Furniture and vehicles: +€29,191
- Reserves -€65,296
down €65,296 (-63.4%), from €103,034 to €37,738
of which Distributable reserves: -€65,296
- Debts after one year +€25,645
new in 2025: €25,645
- Other debts +€21,760
up €21,760 (+26.2%), from €83,171 to €104,932
- Trade debts -€17,465
down €17,465 (-57.4%), from €30,404 to €12,939
- Current portion of long-term debt +€15,712
up €15,712, from €0 to €15,712
- Gross operating margin -€58,043
down €58,043 (-91.1%), from €63,727 to €5,684
- Financial charges +€12,150
up €12,150 (+60.6%), from €20,066 to €32,215
- Depreciation +€9,511
up €9,511 (+41.1%), from €23,156 to €32,667
- Taxes +€8,228
up €8,228, from €0 to €8,228
- Financial income +€5,022
up €5,022 (+3,344%), from €150 to €5,172
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 | €676,908 | €658,381 | -€18,527 | -2.7% |
| Fixed assets | 21/28 | €78,123 | €100,567 | +€22,443 | +28.7% |
| Tangible fixed assets | 22/27 | €78,123 | €100,567 | +€22,443 | +28.7% |
| Land and buildings | 22 | €4,527 | €3,813 | -€714 | -15.8% |
| Plant, machinery and equipment | 23 | €32,816 | €26,782 | -€6,034 | -18.4% |
| Furniture and vehicles | 24 | €40,780 | €69,972 | +€29,191 | +71.6% |
| Current assets | 29/58 | €598,784 | €557,814 | -€40,970 | -6.8% |
| Stocks and contracts in progress | 3 | €168,333 | €168,333 | = | 0.0% |
| Stocks | 30/36 | €168,333 | €168,333 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €415,860 | €381,008 | -€34,852 | -8.4% |
| Trade receivables | 40 | €125,040 | €121,394 | -€3,646 | -2.9% |
| Other amounts receivable | 41 | €290,820 | €259,614 | -€31,207 | -10.7% |
| Cash at bank and in hand | 54/58 | €6,151 | €992 | -€5,159 | -83.9% |
| Deferred charges and accrued income | 490/1 | €8,440 | €7,481 | -€959 | -11.4% |
| Total equity and liabilities | 10/49 | €676,908 | €658,381 | -€18,527 | -2.7% |
| Equity | 10/15 | €303,034 | €237,738 | -€65,296 | -21.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €103,034 | €37,738 | -€65,296 | -63.4% |
| Tax-exempt reserves | 132 | €61 | €61 | = | 0.0% |
| Distributable reserves | 133 | €102,973 | €37,678 | -€65,296 | -63.4% |
| Amounts payable | 17/49 | €373,874 | €420,642 | +€46,769 | +12.5% |
| Amounts payable after more than one year | 17 | - | €25,645 | +€25,645 | |
| Financial debts | 170/4 | - | €25,645 | +€25,645 | |
| Amounts payable within one year | 42/48 | €372,866 | €393,969 | +€21,103 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €15,712 | +€15,712 | |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €30,404 | €12,939 | -€17,465 | -57.4% |
| Suppliers | 440/4 | €30,404 | €12,939 | -€17,465 | -57.4% |
| Taxes, remuneration and social security | 45 | €9,291 | €10,386 | +€1,096 | +11.8% |
| Taxes | 450/3 | €9,291 | €10,386 | +€1,096 | +11.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €83,171 | €104,932 | +€21,760 | +26.2% |
| Accrued charges and deferred income | 492/3 | €1,007 | €1,028 | +€21 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,156 | €32,667 | +€9,511 | +41.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,961 | €0 | -€2,961 | -100% |
| Other operating charges | 640/8 | €6,769 | €3,041 | -€3,727 | -55.1% |
| Non-recurring operating charges | 66A | €5,959 | €0 | -€5,959 | -100% |
| Gross operating margin | 9900 | €63,727 | €5,684 | -€58,043 | -91.1% |
| Operating profit (loss) | 9901 | €24,882 | -€30,024 | -€54,906 | |
| Financial income | 75/76B | €150 | €5,172 | +€5,022 | +3,344% |
| Recurring financial income | 75 | €150 | €5,172 | +€5,022 | +3,344% |
| Financial charges | 65/66B | €20,066 | €32,215 | +€12,150 | +60.6% |
| Recurring financial charges | 65 | €20,066 | €32,215 | +€12,150 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €4,967 | -€57,068 | -€62,034 | |
| Income taxes | 67/77 | €0 | €8,228 | +€8,228 | |
| Profit (loss) for the period | 9904 | €4,967 | -€65,296 | -€70,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,967 | -€65,296 | -€70,262 |
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 20 October 2026 via checked.be.