ETS Construction SRL: 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.
ETS Construction SRL
Largest movements
- Receivables within one year +€66,111
up €66,111 (+11.2%), from €590,757 to €656,868
of which Other amounts receivable: +€76,156
- Tangible fixed assets +€34,055
up €34,055 (+159.4%), from €21,365 to €55,420
of which Furniture and vehicles: +€34,733
- Profit (loss) carried forward +€89,420
up €89,420 (+22.8%), from €392,003 to €481,423
- Debts after one year +€30,359
new in 2025: €30,359
- Other debts -€29,446
down €29,446 (-30.8%), from €95,628 to €66,183
- Tax, wage and social debts +€18,588
up €18,588 (+35.3%), from €52,614 to €71,202
of which Taxes: +€26,879
- Trade debts -€15,272
down €15,272 (-19.5%), from €78,403 to €63,131
- Staff costs -€40,487
down €40,487 (-49.1%), from €82,460 to €41,972
- Gross operating margin -€38,535
down €38,535 (-17.5%), from €219,797 to €181,261
- Taxes +€6,204
up €6,204 (+23.5%), from €26,451 to €32,654
- Depreciation -€4,681
down €4,681 (-35.8%), from €13,065 to €8,385
- Financial charges +€2,262
up €2,262 (+40.4%), from €5,594 to €7,856
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,948 | €727,306 | +€99,357 | +15.8% |
| Fixed assets | 21/28 | €22,831 | €56,886 | +€34,055 | +149.2% |
| Tangible fixed assets | 22/27 | €21,365 | €55,420 | +€34,055 | +159.4% |
| Plant, machinery and equipment | 23 | €3,413 | €2,736 | -€678 | -19.9% |
| Furniture and vehicles | 24 | €17,952 | €52,685 | +€34,733 | +193.5% |
| Financial fixed assets | 28 | €1,466 | €1,466 | = | 0.0% |
| Current assets | 29/58 | €605,117 | €670,419 | +€65,302 | +10.8% |
| Amounts receivable within one year | 40/41 | €590,757 | €656,868 | +€66,111 | +11.2% |
| Trade receivables | 40 | €305,945 | €295,900 | -€10,045 | -3.3% |
| Other amounts receivable | 41 | €284,812 | €360,968 | +€76,156 | +26.7% |
| Cash at bank and in hand | 54/58 | €6,737 | €8,794 | +€2,057 | +30.5% |
| Deferred charges and accrued income | 490/1 | €7,624 | €4,757 | -€2,867 | -37.6% |
| Total equity and liabilities | 10/49 | €627,948 | €727,306 | +€99,357 | +15.8% |
| Equity | 10/15 | €401,303 | €490,723 | +€89,420 | +22.3% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,003 | €481,423 | +€89,420 | +22.8% |
| Amounts payable | 17/49 | €226,646 | €236,583 | +€9,937 | +4.4% |
| Amounts payable after more than one year | 17 | - | €30,359 | +€30,359 | |
| Financial debts | 170/4 | - | €30,359 | +€30,359 | |
| Amounts payable within one year | 42/48 | €226,646 | €206,224 | -€20,422 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,708 | +€5,708 | |
| Trade debts | 44 | €78,403 | €63,131 | -€15,272 | -19.5% |
| Suppliers | 440/4 | €78,403 | €63,131 | -€15,272 | -19.5% |
| Taxes, remuneration and social security | 45 | €52,614 | €71,202 | +€18,588 | +35.3% |
| Taxes | 450/3 | €32,359 | €59,239 | +€26,879 | +83.1% |
| Remuneration and social security | 454/9 | €20,255 | €11,964 | -€8,291 | -40.9% |
| Other amounts payable | 47/48 | €95,628 | €66,183 | -€29,446 | -30.8% |
| Non-recurring operating income | 76A | €2,050 | €4,300 | +€2,250 | +109.8% |
| Remuneration, social security and pensions | 62 | €82,460 | €41,972 | -€40,487 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,065 | €8,385 | -€4,681 | -35.8% |
| Other operating charges | 640/8 | €1,095 | €1,916 | +€821 | +75.0% |
| Non-recurring operating charges | 66A | €1,103 | - | -€1,103 | |
| Gross operating margin | 9900 | €219,797 | €181,261 | -€38,535 | -17.5% |
| Operating profit (loss) | 9901 | €122,074 | €128,988 | +€6,914 | +5.7% |
| Financial income | 75/76B | €172 | €942 | +€770 | +446.7% |
| Recurring financial income | 75 | €172 | €942 | +€770 | +446.7% |
| Financial charges | 65/66B | €5,594 | €7,856 | +€2,262 | +40.4% |
| Recurring financial charges | 65 | €5,594 | €7,856 | +€2,262 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €116,652 | €122,075 | +€5,422 | +4.6% |
| Income taxes | 67/77 | €26,451 | €32,654 | +€6,204 | +23.5% |
| Profit (loss) for the period | 9904 | €90,202 | €89,420 | -€782 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,202 | €89,420 | -€782 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.