ETS GERMAY-YUME: 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 GERMAY-YUME
Largest movements
- Cash +€53,501
up €53,501 (+448%), from €11,938 to €65,439
mainly Deferred charges and accrued income (+€20,538) and Receivables within one year (+€20,480)
- Deferred charges and accrued income -€20,538
down €20,538 (-93.7%), from €21,925 to €1,387
- Receivables within one year -€20,480
down €20,480 (-61.7%), from €33,188 to €12,708
of which Trade receivables: -€20,973
- Tangible fixed assets -€8,448
down €8,448 (-8.4%), from €100,322 to €91,875
of which Plant, machinery and equipment: -€8,171
- Profit (loss) carried forward +€9,093
up €9,093, from -€1,457 to €7,636
- Other debts -€6,260
down €6,260 (-5.0%), from €126,031 to €119,770
- Tax, wage and social debts +€4,902
up €4,902 (+44.5%), from €11,027 to €15,929
of which Taxes: +€3,420
- Trade debts -€3,880
down €3,880 (-24.2%), from €16,052 to €12,172
- Debts after one year -€2,359
down €2,359 (-44.3%), from €5,327 to €2,967
- Gross operating margin +€38,000
up €38,000 (+135%), from €28,236 to €66,236
- Staff costs +€17,731
up €17,731 (+109%), from €16,296 to €34,027
- Depreciation +€8,277
up €8,277 (+83.4%), from €9,922 to €18,199
- Taxes +€2,227
up €2,227 (+2,510%), from €89 to €2,316
- Financial income +€850
new in 2025: €850
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 | €172,680 | €175,953 | +€3,273 | +1.9% |
| Fixed assets | 21/28 | €100,322 | €91,875 | -€8,448 | -8.4% |
| Tangible fixed assets | 22/27 | €100,322 | €91,875 | -€8,448 | -8.4% |
| Plant, machinery and equipment | 23 | €94,928 | €86,758 | -€8,171 | -8.6% |
| Furniture and vehicles | 24 | €5,394 | €5,117 | -€277 | -5.1% |
| Current assets | 29/58 | €72,357 | €84,078 | +€11,721 | +16.2% |
| Stocks and contracts in progress | 3 | €5,306 | €4,544 | -€762 | -14.4% |
| Stocks | 30/36 | €5,306 | €4,544 | -€762 | -14.4% |
| Amounts receivable within one year | 40/41 | €33,188 | €12,708 | -€20,480 | -61.7% |
| Trade receivables | 40 | €33,092 | €12,119 | -€20,973 | -63.4% |
| Other amounts receivable | 41 | €96 | €589 | +€493 | +514% |
| Cash at bank and in hand | 54/58 | €11,938 | €65,439 | +€53,501 | +448% |
| Deferred charges and accrued income | 490/1 | €21,925 | €1,387 | -€20,538 | -93.7% |
| Total equity and liabilities | 10/49 | €172,680 | €175,953 | +€3,273 | +1.9% |
| Equity | 10/15 | €6,043 | €15,136 | +€9,093 | +150% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,457 | €7,636 | +€9,093 | |
| Amounts payable | 17/49 | €166,637 | €160,817 | -€5,820 | -3.5% |
| Amounts payable after more than one year | 17 | €5,327 | €2,967 | -€2,359 | -44.3% |
| Financial debts | 170/4 | €5,327 | €2,967 | -€2,359 | -44.3% |
| Amounts payable within one year | 42/48 | €161,310 | €157,849 | -€3,460 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €2,202 | €2,359 | +€158 | +7.2% |
| Trade debts | 44 | €16,052 | €12,172 | -€3,880 | -24.2% |
| Suppliers | 440/4 | €16,052 | €12,172 | -€3,880 | -24.2% |
| Advances received on contracts in progress | 46 | €5,998 | €7,619 | +€1,621 | +27.0% |
| Taxes, remuneration and social security | 45 | €11,027 | €15,929 | +€4,902 | +44.5% |
| Taxes | 450/3 | €4,907 | €8,326 | +€3,420 | +69.7% |
| Remuneration and social security | 454/9 | €6,120 | €7,603 | +€1,482 | +24.2% |
| Other amounts payable | 47/48 | €126,031 | €119,770 | -€6,260 | -5.0% |
| Remuneration, social security and pensions | 62 | €16,296 | €34,027 | +€17,731 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,922 | €18,199 | +€8,277 | +83.4% |
| Other operating charges | 640/8 | €1,356 | €2,064 | +€708 | +52.2% |
| Non-recurring operating charges | 66A | €900 | - | -€900 | |
| Gross operating margin | 9900 | €28,236 | €66,236 | +€38,000 | +135% |
| Operating profit (loss) | 9901 | -€237 | €11,945 | +€12,183 | |
| Financial income | 75/76B | - | €850 | +€850 | |
| Recurring financial income | 75 | - | €850 | +€850 | |
| Financial charges | 65/66B | €1,131 | €1,388 | +€257 | +22.7% |
| Recurring financial charges | 65 | €1,131 | €1,388 | +€257 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,368 | €11,408 | +€12,776 | |
| Income taxes | 67/77 | €89 | €2,316 | +€2,227 | +2,510% |
| Profit (loss) for the period | 9904 | -€1,457 | €9,093 | +€10,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,457 | €9,093 | +€10,550 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.