ETS FR. BEAUPAIN: what changed
ETS FR. BEAUPAIN
Largest movements
- Receivables within one year -€64,025
down €64,025 (-24.8%), from €257,943 to €193,918
of which Trade receivables: -€65,246
- Tangible fixed assets -€23,646
down €23,646 (-20.1%), from €117,776 to €94,129
- Cash -€18,789
down €18,789 (-8.8%), from €212,848 to €194,058
mainly Contributions, distributions and other (-€120,000) and Tax, wage and social debts (-€102,883)
- Tax, wage and social debts -€102,883
down €102,883 (-78.1%), from €131,728 to €28,845
of which Taxes: -€85,090
- Other debts -€61,242
down €61,242 (-33.8%), from €181,242 to €120,000
- Trade debts +€26,920
up €26,920 (+737%), from €3,651 to €30,571
- Reserves +€25,000
up €25,000 (+44.5%), from €56,200 to €81,200
of which Distributable reserves: +€25,000
- Profit (loss) carried forward +€6,160
up €6,160 (+3.9%), from €157,948 to €164,108
- Gross operating margin -€123,349
down €123,349 (-27.3%), from €451,333 to €327,984
- Staff costs -€45,784
down €45,784 (-25.7%), from €178,145 to €132,361
- Depreciation +€19,939
up €19,939 (+332%), from €6,008 to €25,946
- Taxes -€6,108
down €6,108 (-26.4%), from €23,144 to €17,036
- Other operating charges -€4,607
down €4,607 (-80.8%), from €5,700 to €1,093
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 | €592,769 | €486,724 | -€106,045 | -17.9% |
| Fixed assets | 21/28 | €117,776 | €94,129 | -€23,646 | -20.1% |
| Tangible fixed assets | 22/27 | €117,776 | €94,129 | -€23,646 | -20.1% |
| Furniture and vehicles | 24 | €117,776 | €94,129 | -€23,646 | -20.1% |
| Current assets | 29/58 | €474,993 | €392,594 | -€82,399 | -17.3% |
| Amounts receivable within one year | 40/41 | €257,943 | €193,918 | -€64,025 | -24.8% |
| Trade receivables | 40 | €237,109 | €171,862 | -€65,246 | -27.5% |
| Other amounts receivable | 41 | €20,834 | €22,056 | +€1,222 | +5.9% |
| Cash at bank and in hand | 54/58 | €212,848 | €194,058 | -€18,789 | -8.8% |
| Deferred charges and accrued income | 490/1 | €4,203 | €4,618 | +€415 | +9.9% |
| Total equity and liabilities | 10/49 | €592,769 | €486,724 | -€106,045 | -17.9% |
| Equity | 10/15 | €276,148 | €307,308 | +€31,160 | +11.3% |
| 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 | €56,200 | €81,200 | +€25,000 | +44.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Profit (loss) carried forward | 14 | €157,948 | €164,108 | +€6,160 | +3.9% |
| Amounts payable | 17/49 | €316,621 | €179,416 | -€137,205 | -43.3% |
| Amounts payable within one year | 42/48 | €316,621 | €179,416 | -€137,205 | -43.3% |
| Trade debts | 44 | €3,651 | €30,571 | +€26,920 | +737% |
| Suppliers | 440/4 | €3,651 | €30,571 | +€26,920 | +737% |
| Taxes, remuneration and social security | 45 | €131,728 | €28,845 | -€102,883 | -78.1% |
| Taxes | 450/3 | €100,072 | €14,982 | -€85,090 | -85.0% |
| Remuneration and social security | 454/9 | €31,656 | €13,863 | -€17,792 | -56.2% |
| Other amounts payable | 47/48 | €181,242 | €120,000 | -€61,242 | -33.8% |
| Remuneration, social security and pensions | 62 | €178,145 | €132,361 | -€45,784 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,008 | €25,946 | +€19,939 | +332% |
| Other operating charges | 640/8 | €5,700 | €1,093 | -€4,607 | -80.8% |
| Gross operating margin | 9900 | €451,333 | €327,984 | -€123,349 | -27.3% |
| Operating profit (loss) | 9901 | €261,480 | €168,584 | -€92,896 | -35.5% |
| Financial income | 75/76B | €42 | €31 | -€11 | -26.7% |
| Recurring financial income | 75 | €42 | €31 | -€11 | -26.7% |
| Financial charges | 65/66B | €1,674 | €418 | -€1,256 | -75.0% |
| Recurring financial charges | 65 | €1,674 | €418 | -€1,256 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €259,848 | €168,196 | -€91,652 | -35.3% |
| Income taxes | 67/77 | €23,144 | €17,036 | -€6,108 | -26.4% |
| Profit (loss) for the period | 9904 | €236,704 | €151,160 | -€85,544 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €236,704 | €151,160 | -€85,544 | -36.1% |
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 4 November 2026 via checked.be.