ETS DAOUD: 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.
ETS DAOUD
Largest movements
- Cash -€3,780
down €3,780 (-31.8%), from €11,869 to €8,089
mainly Net result for the year (-€10,209) and Other debts (-€828)
- Receivables within one year -€2,415
down €2,415 (-5.7%), from €42,649 to €40,233
of which Trade receivables: -€4,445
- Profit (loss) carried forward -€10,209
down €10,209 (-5.5%), from -€186,424 to -€196,633
- Accrued charges and deferred income +€2,479
up €2,479 (+86.4%), from €2,869 to €5,348
- Trade debts +€2,033
up €2,033 (+2.2%), from €94,414 to €96,447
- Other debts -€828
down €828 (-100%), from €828 to €0
- Gross operating margin -€7,634
down €7,634 (-417%), from -€1,832 to -€9,466
- Other operating charges +€2,167
up €2,167, from €0 to €2,167
- Write-downs -€1,827
new in 2024: -€1,827
- Staff costs +€345
up €345, from -€345 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,847 | €48,323 | -€6,525 | -11.9% |
| Current assets | 29/58 | €54,847 | €48,323 | -€6,525 | -11.9% |
| Amounts receivable within one year | 40/41 | €42,649 | €40,233 | -€2,415 | -5.7% |
| Trade receivables | 40 | €36,573 | €32,128 | -€4,445 | -12.2% |
| Other amounts receivable | 41 | €6,075 | €8,105 | +€2,029 | +33.4% |
| Cash at bank and in hand | 54/58 | €11,869 | €8,089 | -€3,780 | -31.8% |
| Deferred charges and accrued income | 490/1 | €330 | €0 | -€330 | -100% |
| Total equity and liabilities | 10/49 | €54,847 | €48,323 | -€6,525 | -11.9% |
| Equity | 10/15 | -€118,224 | -€128,433 | -€10,209 | -8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,424 | -€196,633 | -€10,209 | -5.5% |
| Amounts payable | 17/49 | €173,071 | €176,756 | +€3,685 | +2.1% |
| Amounts payable after more than one year | 17 | €74,962 | €74,962 | = | 0.0% |
| Other amounts payable | 178/9 | €74,962 | €74,962 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,241 | €96,447 | +€1,206 | +1.3% |
| Trade debts | 44 | €94,414 | €96,447 | +€2,033 | +2.2% |
| Suppliers | 440/4 | €94,414 | €96,447 | +€2,033 | +2.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €828 | €0 | -€828 | -100% |
| Accrued charges and deferred income | 492/3 | €2,869 | €5,348 | +€2,479 | +86.4% |
| Remuneration, social security and pensions | 62 | -€345 | €0 | +€345 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,827 | -€1,827 | |
| Other operating charges | 640/8 | €0 | €2,167 | +€2,167 | |
| Gross operating margin | 9900 | -€1,832 | -€9,466 | -€7,634 | -417% |
| Operating profit (loss) | 9901 | -€1,487 | -€9,806 | -€8,319 | -560% |
| Financial charges | 65/66B | €395 | €403 | +€8 | +2.1% |
| Recurring financial charges | 65 | €395 | €403 | +€8 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,882 | -€10,209 | -€8,327 | -443% |
| Profit (loss) for the period | 9904 | -€1,882 | -€10,209 | -€8,327 | -443% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,882 | -€10,209 | -€8,327 | -443% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.