ETS DE BACKER: 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.
What changed
ETS DE BACKER
NACE 14.210, Manufacture of outerwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€72,235
2024 · €69,716+€2,519
Equity
€428,289
2024 · €356,054+€72,235
Cash
€20,007
2024 · €1,425+€18,582
Balance sheet total
€1.8m
2024 · €1.9m-€26,264
Largest movements
Assets
- Tangible fixed assets -€56,379
down €56,379 (-3.1%), from €1.8m to €1.8m
Equity and liabilities
- Debts after one year -€84,231
down €84,231 (-6.9%), from €1.2m to €1.1m
- Reserves +€72,235
up €72,235 (+35.8%), from €202,054 to €274,289
of which Distributable reserves: +€72,235
- Other debts -€20,431
down €20,431 (-13.3%), from €153,119 to €132,688
Income statement
- Gross operating margin +€12,862
up €12,862 (+5.7%), from €225,620 to €238,482
- Taxes +€10,005
new in 2025: €10,005
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.
Result 2024
€69,716
Gross operating margin
+€12,862
Staff costs
+€115
Depreciation
-€1,604
Other operating charges
-€710
Financial charges
+€1,860
Taxes
-€10,005
Result 2025
€72,235
raises the resultlowers the result
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.
From operations
+€148,288
Investment
-€54,450
Financing
-€75,257
Cash 2024
€1,425
From operations (derived)
+€148,288
Net result for the year
+€72,235
Depreciation
+€110,829
Receivables within one year
-€11,643
Smaller working-capital items
+€82
Trade debts
-€985
Other debts
-€20,431
Accrued charges and deferred income
-€1,800
Investment (derived)
-€54,450
Investment in fixed assets (net)
-€54,450
Financing
-€75,257
Debts after one year
-€84,231
Current portion of long-term debt
+€4,974
Short-term financial debts
+€4,000
Cash 2025
€20,007
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,862,558 | €1,836,294 | -€26,264 | -1.4% |
| Fixed assets | 21/28 | €1,826,873 | €1,770,493 | -€56,379 | -3.1% |
| Tangible fixed assets | 22/27 | €1,826,873 | €1,770,493 | -€56,379 | -3.1% |
| Land and buildings | 22 | €1,826,873 | €1,770,493 | -€56,379 | -3.1% |
| Current assets | 29/58 | €35,685 | €65,801 | +€30,116 | +84.4% |
| Amounts receivable within one year | 40/41 | €33,264 | €44,907 | +€11,643 | +35.0% |
| Trade receivables | 40 | €17,264 | €33,407 | +€16,143 | +93.5% |
| Other amounts receivable | 41 | €16,000 | €11,500 | -€4,500 | -28.1% |
| Cash at bank and in hand | 54/58 | €1,425 | €20,007 | +€18,582 | +1,304% |
| Deferred charges and accrued income | 490/1 | €996 | €887 | -€109 | -10.9% |
| Total equity and liabilities | 10/49 | €1,862,558 | €1,836,294 | -€26,264 | -1.4% |
| Equity | 10/15 | €356,054 | €428,289 | +€72,235 | +20.3% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Capital | 10 | €154,000 | €154,000 | = | 0.0% |
| Issued capital | 100 | €154,000 | €154,000 | = | 0.0% |
| Reserves | 13 | €202,054 | €274,289 | +€72,235 | +35.8% |
| Non-distributable reserves | 130/1 | €15,400 | €15,400 | = | 0.0% |
| Legal reserve | 130 | €15,400 | €15,400 | = | 0.0% |
| Distributable reserves | 133 | €186,654 | €258,889 | +€72,235 | +38.7% |
| Amounts payable | 17/49 | €1,506,504 | €1,408,005 | -€98,499 | -6.5% |
| Amounts payable after more than one year | 17 | €1,225,013 | €1,140,782 | -€84,231 | -6.9% |
| Financial debts | 170/4 | €1,225,013 | €1,140,782 | -€84,231 | -6.9% |
| Amounts payable within one year | 42/48 | €279,691 | €267,223 | -€12,468 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €122,678 | €127,652 | +€4,974 | +4.1% |
| Financial debts | 43 | - | €4,000 | +€4,000 | |
| Credit institutions | 430/8 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €1,045 | €60 | -€985 | -94.3% |
| Suppliers | 440/4 | €1,045 | €60 | -€985 | -94.3% |
| Taxes, remuneration and social security | 45 | €2,849 | €2,823 | -€26 | -0.9% |
| Taxes | 450/3 | €2,849 | €2,823 | -€26 | -0.9% |
| Other amounts payable | 47/48 | €153,119 | €132,688 | -€20,431 | -13.3% |
| Accrued charges and deferred income | 492/3 | €1,800 | €0 | -€1,800 | -100% |
| Remuneration, social security and pensions | 62 | €182 | €67 | -€115 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,226 | €110,829 | +€1,604 | +1.5% |
| Other operating charges | 640/8 | €20,581 | €21,291 | +€710 | +3.4% |
| Gross operating margin | 9900 | €225,620 | €238,482 | +€12,862 | +5.7% |
| Operating profit (loss) | 9901 | €95,631 | €106,295 | +€10,664 | +11.2% |
| Financial charges | 65/66B | €25,915 | €24,055 | -€1,860 | -7.2% |
| Recurring financial charges | 65 | €25,915 | €24,055 | -€1,860 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €69,716 | €82,241 | +€12,524 | +18.0% |
| Income taxes | 67/77 | - | €10,005 | +€10,005 | |
| Profit (loss) for the period | 9904 | €69,716 | €72,235 | +€2,519 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,716 | €72,235 | +€2,519 | +3.6% |
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 13 October 2026 via checked.be.