ETS BOUSSON: what changed
ETS BOUSSON
Largest movements
- Tangible fixed assets +€12,618
up €12,618 (+114%), from €11,090 to €23,708
of which Other tangible fixed assets: +€16,312
- Cash +€8,402
up €8,402 (+13.5%), from €62,386 to €70,788
mainly Net result for the year (+€36,863) and Debts after one year (+€7,052)
- Receivables within one year +€7,425
up €7,425 (+22.7%), from €32,684 to €40,109
of which Other amounts receivable: +€5,078
- Profit (loss) carried forward +€21,863
up €21,863 (+41.6%), from €52,618 to €74,481
- Trade debts -€11,365
down €11,365 (-52.0%), from €21,873 to €10,508
- Debts after one year +€7,052
up €7,052 (+98.7%), from €7,143 to €14,195
- Reserves +€6,200
up €6,200 (+37.6%), from €16,491 to €22,691
- Current portion of long-term debt +€3,348
up €3,348 (+92.2%), from €3,633 to €6,980
- Gross operating margin +€29,750
up €29,750 (+69.6%), from €42,765 to €72,515
- Staff costs +€7,239
up €7,239 (+70.5%), from €10,262 to €17,501
- Taxes +€4,466
up €4,466 (+81.3%), from €5,492 to €9,958
- Depreciation -€2,408
down €2,408 (-31.5%), from €7,646 to €5,237
- Financial charges +€833
up €833 (+56.7%), from €1,468 to €2,301
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 | €107,422 | €136,463 | +€29,041 | +27.0% |
| Fixed assets | 21/28 | €11,319 | €23,937 | +€12,618 | +111% |
| Tangible fixed assets | 22/27 | €11,090 | €23,708 | +€12,618 | +114% |
| Furniture and vehicles | 24 | €11,090 | €7,396 | -€3,694 | -33.3% |
| Other tangible fixed assets | 26 | - | €16,312 | +€16,312 | |
| Financial fixed assets | 28 | €229 | €229 | = | 0.0% |
| Current assets | 29/58 | €96,104 | €112,526 | +€16,423 | +17.1% |
| Amounts receivable within one year | 40/41 | €32,684 | €40,109 | +€7,425 | +22.7% |
| Trade receivables | 40 | €22,304 | €24,651 | +€2,347 | +10.5% |
| Other amounts receivable | 41 | €10,380 | €15,458 | +€5,078 | +48.9% |
| Cash at bank and in hand | 54/58 | €62,386 | €70,788 | +€8,402 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,033 | €1,630 | +€597 | +57.7% |
| Total equity and liabilities | 10/49 | €107,422 | €136,463 | +€29,041 | +27.0% |
| Equity | 10/15 | €74,109 | €102,172 | +€28,063 | +37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,491 | €22,691 | +€6,200 | +37.6% |
| Distributable reserves | 133 | €16,491 | €22,691 | +€6,200 | +37.6% |
| Profit (loss) carried forward | 14 | €52,618 | €74,481 | +€21,863 | +41.6% |
| Amounts payable | 17/49 | €33,314 | €34,291 | +€978 | +2.9% |
| Amounts payable after more than one year | 17 | €7,143 | €14,195 | +€7,052 | +98.7% |
| Financial debts | 170/4 | €7,143 | €14,195 | +€7,052 | +98.7% |
| Amounts payable within one year | 42/48 | €26,171 | €19,738 | -€6,432 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €3,633 | €6,980 | +€3,348 | +92.2% |
| Trade debts | 44 | €21,873 | €10,508 | -€11,365 | -52.0% |
| Suppliers | 440/4 | €21,873 | €10,508 | -€11,365 | -52.0% |
| Taxes, remuneration and social security | 45 | €538 | €2,250 | +€1,712 | +318% |
| Taxes | 450/3 | €538 | €2,250 | +€1,712 | +318% |
| Other amounts payable | 47/48 | €127 | - | -€127 | |
| Accrued charges and deferred income | 492/3 | - | €358 | +€358 | |
| Remuneration, social security and pensions | 62 | €10,262 | €17,501 | +€7,239 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,646 | €5,237 | -€2,408 | -31.5% |
| Other operating charges | 640/8 | €664 | €657 | -€7 | -1.0% |
| Gross operating margin | 9900 | €42,765 | €72,515 | +€29,750 | +69.6% |
| Operating profit (loss) | 9901 | €24,194 | €49,120 | +€24,926 | +103% |
| Financial income | 75/76B | €5 | €2 | -€3 | -62.4% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -62.4% |
| Financial charges | 65/66B | €1,468 | €2,301 | +€833 | +56.7% |
| Recurring financial charges | 65 | €1,468 | €2,301 | +€833 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €22,730 | €46,821 | +€24,091 | +106% |
| Income taxes | 67/77 | €5,492 | €9,958 | +€4,466 | +81.3% |
| Profit (loss) for the period | 9904 | €17,238 | €36,863 | +€19,625 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €17,238 | €36,863 | +€19,625 | +114% |
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 6 November 2026 via checked.be.