ETM CATERING: 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.
ETM CATERING
Largest movements
- Cash -€61,119
down €61,119 (-50.2%), from €121,841 to €60,722
mainly Debts after one year (-€52,523) and Receivables within one year (-€25,612)
- Tangible fixed assets -€27,592
down €27,592 (-12.4%), from €222,007 to €194,415
of which Plant, machinery and equipment: -€35,223
- Receivables within one year +€25,612
up €25,612 (+106%), from €24,255 to €49,866
of which Trade receivables: +€25,637
- Deferred charges and accrued income +€15,942
up €15,942 (+469%), from €3,397 to €19,339
- Debts after one year -€52,523
down €52,523 (-24.6%), from €213,240 to €160,717
- Trade debts +€12,886
up €12,886 (+16.0%), from €80,544 to €93,430
- Current portion of long-term debt -€12,012
down €12,012 (-18.6%), from €64,535 to €52,523
- Profit (loss) carried forward +€5,321
up €5,321 (+31.8%), from -€16,731 to -€11,410
- Staff costs +€181,790
up €181,790 (+62.4%), from €291,295 to €473,085
- Gross operating margin +€90,092
up €90,092 (+19.9%), from €452,303 to €542,395
- Other operating charges -€7,101
down €7,101 (-64.1%), from €11,072 to €3,971
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 | €439,366 | €390,352 | -€49,014 | -11.2% |
| Fixed assets | 21/28 | €227,701 | €198,004 | -€29,697 | -13.0% |
| Intangible fixed assets | 21 | €5,694 | €3,589 | -€2,105 | -37.0% |
| Tangible fixed assets | 22/27 | €222,007 | €194,415 | -€27,592 | -12.4% |
| Plant, machinery and equipment | 23 | €206,705 | €171,483 | -€35,223 | -17.0% |
| Furniture and vehicles | 24 | €15,301 | €22,932 | +€7,631 | +49.9% |
| Current assets | 29/58 | €211,665 | €192,348 | -€19,317 | -9.1% |
| Stocks and contracts in progress | 3 | €62,172 | €62,420 | +€248 | +0.4% |
| Stocks | 30/36 | €62,172 | €62,420 | +€248 | +0.4% |
| Amounts receivable within one year | 40/41 | €24,255 | €49,866 | +€25,612 | +106% |
| Trade receivables | 40 | €19,755 | €45,391 | +€25,637 | +130% |
| Other amounts receivable | 41 | €4,500 | €4,475 | -€25 | -0.6% |
| Cash at bank and in hand | 54/58 | €121,841 | €60,722 | -€61,119 | -50.2% |
| Deferred charges and accrued income | 490/1 | €3,397 | €19,339 | +€15,942 | +469% |
| Total equity and liabilities | 10/49 | €439,366 | €390,352 | -€49,014 | -11.2% |
| Equity | 10/15 | €6,729 | €12,050 | +€5,321 | +79.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,860 | €4,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,860 | €4,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,731 | -€11,410 | +€5,321 | +31.8% |
| Amounts payable | 17/49 | €432,637 | €378,302 | -€54,335 | -12.6% |
| Amounts payable after more than one year | 17 | €213,240 | €160,717 | -€52,523 | -24.6% |
| Financial debts | 170/4 | €213,240 | €160,717 | -€52,523 | -24.6% |
| Amounts payable within one year | 42/48 | €219,398 | €214,166 | -€5,231 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €64,535 | €52,523 | -€12,012 | -18.6% |
| Trade debts | 44 | €80,544 | €93,430 | +€12,886 | +16.0% |
| Suppliers | 440/4 | €80,544 | €93,430 | +€12,886 | +16.0% |
| Advances received on contracts in progress | 46 | €3,430 | €0 | -€3,430 | -100% |
| Taxes, remuneration and social security | 45 | €63,789 | €61,476 | -€2,312 | -3.6% |
| Taxes | 450/3 | €5,754 | €4,984 | -€769 | -13.4% |
| Remuneration and social security | 454/9 | €58,035 | €56,492 | -€1,543 | -2.7% |
| Other amounts payable | 47/48 | €7,100 | €6,738 | -€362 | -5.1% |
| Accrued charges and deferred income | 492/3 | €0 | €3,419 | +€3,419 | |
| Remuneration, social security and pensions | 62 | €291,295 | €473,085 | +€181,790 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,112 | €53,139 | +€4,027 | +8.2% |
| Other operating charges | 640/8 | €11,072 | €3,971 | -€7,101 | -64.1% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €452,303 | €542,395 | +€90,092 | +19.9% |
| Operating profit (loss) | 9901 | €100,824 | €12,200 | -€88,624 | -87.9% |
| Financial income | 75/76B | €1,140 | €5,421 | +€4,281 | +376% |
| Recurring financial income | 75 | €1,140 | €5,421 | +€4,281 | +376% |
| Financial charges | 65/66B | €11,322 | €11,697 | +€375 | +3.3% |
| Recurring financial charges | 65 | €11,322 | €11,697 | +€375 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €90,642 | €5,924 | -€84,718 | -93.5% |
| Income taxes | 67/77 | €204 | €603 | +€399 | +196% |
| Profit (loss) for the period | 9904 | €90,439 | €5,321 | -€85,117 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,439 | €5,321 | -€85,117 | -94.1% |
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 28 October 2026 via checked.be.