ETS DIFRA: 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 DIFRA
Largest movements
- Tangible fixed assets +€43,463
up €43,463 (+78.5%), from €55,396 to €98,858
of which Furniture and vehicles: +€42,774
- Receivables within one year +€21,971
up €21,971 (+159%), from €13,824 to €35,795
of which Trade receivables: +€12,423
- Cash -€10,557
down €10,557 (-29.3%), from €36,011 to €25,453
mainly Investment in fixed assets (net) (-€61,310) and Receivables within one year (-€21,971)
- Debts after one year +€27,657
up €27,657 (+294%), from €9,414 to €37,071
- Profit (loss) carried forward +€19,964
up €19,964 (+50.6%), from €39,446 to €59,410
- Trade debts +€8,480
up €8,480 (+42.8%), from €19,817 to €28,297
- Other debts -€5,102
down €5,102 (-40.1%), from €12,732 to €7,630
- Advances received +€3,000
new in 2025: €3,000
- Gross operating margin +€25,702
up €25,702 (+62.9%), from €40,830 to €66,532
- Depreciation +€4,396
up €4,396 (+32.7%), from €13,451 to €17,847
- Staff costs +€3,479
up €3,479 (+21.3%), from €16,354 to €19,833
- Other operating charges +€2,232
up €2,232 (+128%), from €1,745 to €3,977
- Taxes +€2,009
up €2,009 (+109%), from €1,843 to €3,852
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 | €107,118 | €163,709 | +€56,590 | +52.8% |
| Fixed assets | 21/28 | €55,759 | €99,221 | +€43,463 | +77.9% |
| Tangible fixed assets | 22/27 | €55,396 | €98,858 | +€43,463 | +78.5% |
| Plant, machinery and equipment | 23 | €19,076 | €19,765 | +€689 | +3.6% |
| Furniture and vehicles | 24 | €36,319 | €79,093 | +€42,774 | +118% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €51,360 | €64,487 | +€13,128 | +25.6% |
| Stocks and contracts in progress | 3 | €1,525 | €3,145 | +€1,620 | +106% |
| Stocks | 30/36 | €1,525 | €3,145 | +€1,620 | +106% |
| Amounts receivable within one year | 40/41 | €13,824 | €35,795 | +€21,971 | +159% |
| Trade receivables | 40 | €9,277 | €21,701 | +€12,423 | +134% |
| Other amounts receivable | 41 | €4,546 | €14,094 | +€9,548 | +210% |
| Cash at bank and in hand | 54/58 | €36,011 | €25,453 | -€10,557 | -29.3% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €107,118 | €163,709 | +€56,590 | +52.8% |
| Equity | 10/15 | €44,446 | €64,410 | +€19,964 | +44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,446 | €59,410 | +€19,964 | +50.6% |
| Amounts payable | 17/49 | €62,673 | €99,299 | +€36,627 | +58.4% |
| Amounts payable after more than one year | 17 | €9,414 | €37,071 | +€27,657 | +294% |
| Financial debts | 170/4 | €9,414 | €37,071 | +€27,657 | +294% |
| Amounts payable within one year | 42/48 | €53,259 | €62,228 | +€8,970 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €13,957 | €15,961 | +€2,005 | +14.4% |
| Trade debts | 44 | €19,817 | €28,297 | +€8,480 | +42.8% |
| Suppliers | 440/4 | €19,817 | €28,297 | +€8,480 | +42.8% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €6,754 | €7,340 | +€587 | +8.7% |
| Taxes | 450/3 | €2,494 | €2,442 | -€53 | -2.1% |
| Remuneration and social security | 454/9 | €4,259 | €4,898 | +€639 | +15.0% |
| Other amounts payable | 47/48 | €12,732 | €7,630 | -€5,102 | -40.1% |
| Remuneration, social security and pensions | 62 | €16,354 | €19,833 | +€3,479 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,451 | €17,847 | +€4,396 | +32.7% |
| Other operating charges | 640/8 | €1,745 | €3,977 | +€2,232 | +128% |
| Gross operating margin | 9900 | €40,830 | €66,532 | +€25,702 | +62.9% |
| Operating profit (loss) | 9901 | €9,280 | €24,875 | +€15,595 | +168% |
| Financial income | 75/76B | €224 | €278 | +€54 | +24.1% |
| Recurring financial income | 75 | €224 | €278 | +€54 | +24.1% |
| Financial charges | 65/66B | €1,017 | €1,336 | +€320 | +31.4% |
| Recurring financial charges | 65 | €1,017 | €1,336 | +€320 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €8,487 | €23,816 | +€15,329 | +181% |
| Income taxes | 67/77 | €1,843 | €3,852 | +€2,009 | +109% |
| Profit (loss) for the period | 9904 | €6,644 | €19,964 | +€13,320 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €6,644 | €19,964 | +€13,320 | +200% |
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 16 October 2026 via checked.be.