ETS GROUP: 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 GROUP
Largest movements
- Cash +€28,178
up €28,178 (+247.2%), from €11,398 to €39,576
mainly Other debts (+€37,587) and Net result for the year (+€33,571)
- Receivables within one year +€2,505
up €2,505 (+5.2%), from €48,516 to €51,021
of which Other amounts receivable: +€4,687
- Other debts +€37,587
up €37,587 (+5977.2%), from €629 to €38,216
- Tax, wage and social debts +€26,251
up €26,251 (+547.5%), from €4,794 to €31,045
of which Taxes: +€21,051
- Trade debts -€21,897
down €21,897 (-56.5%), from €38,758 to €16,861
of which Bills of exchange payable: -€21,397
- Profit (loss) carried forward -€10,429
down €10,429 (-70.0%), from €14,894 to €4,465
- Gross operating margin +€35,608
up €35,608 (+218.7%), from €16,284 to €51,892
- Taxes +€10,391
up €10,391 (+259.2%), from €4,009 to €14,399
- Other operating charges +€1,036
up €1,036 (+50.9%), from €2,035 to €3,070
- Staff costs -€1,009
down €1,009 (-90.2%), from €1,118 to €109
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.
Cash bridge derived
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 | €60,575 | €92,086 | +€31,511 | +52.0% |
| Fixed assets | 21/28 | €661 | €1,490 | +€828 | +125.2% |
| Tangible fixed assets | 22/27 | €661 | €1,490 | +€828 | +125.2% |
| Furniture and vehicles | 24 | €661 | €1,490 | +€828 | +125.2% |
| Current assets | 29/58 | €59,914 | €90,597 | +€30,683 | +51.2% |
| Amounts receivable within one year | 40/41 | €48,516 | €51,021 | +€2,505 | +5.2% |
| Trade receivables | 40 | €43,904 | €41,722 | -€2,183 | -5.0% |
| Other amounts receivable | 41 | €4,612 | €9,299 | +€4,687 | +101.6% |
| Cash at bank and in hand | 54/58 | €11,398 | €39,576 | +€28,178 | +247.2% |
| Total equity and liabilities | 10/49 | €60,575 | €92,086 | +€31,511 | +52.0% |
| Equity | 10/15 | €16,394 | €5,965 | -€10,429 | -63.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,894 | €4,465 | -€10,429 | -70.0% |
| Amounts payable | 17/49 | €44,182 | €86,122 | +€41,940 | +94.9% |
| Amounts payable within one year | 42/48 | €44,182 | €86,122 | +€41,940 | +94.9% |
| Trade debts | 44 | €38,758 | €16,861 | -€21,897 | -56.5% |
| Suppliers | 440/4 | €17,361 | €16,861 | -€500 | -2.9% |
| Bills of exchange payable | 441 | €21,397 | - | -€21,397 | |
| Taxes, remuneration and social security | 45 | €4,794 | €31,045 | +€26,251 | +547.5% |
| Taxes | 450/3 | €4,794 | €25,845 | +€21,051 | +439.1% |
| Remuneration and social security | 454/9 | - | €5,200 | +€5,200 | |
| Other amounts payable | 47/48 | €629 | €38,216 | +€37,587 | +5977.2% |
| Remuneration, social security and pensions | 62 | €1,118 | €109 | -€1,009 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €386 | = | 0.0% |
| Other operating charges | 640/8 | €2,035 | €3,070 | +€1,036 | +50.9% |
| Gross operating margin | 9900 | €16,284 | €51,892 | +€35,608 | +218.7% |
| Operating profit (loss) | 9901 | €12,745 | €48,327 | +€35,582 | +279.2% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €123 | €371 | +€248 | +202.2% |
| Recurring financial charges | 65 | €123 | €371 | +€248 | +202.2% |
| Profit (loss) for the period before taxes | 9903 | €12,622 | €47,971 | +€35,348 | +280.0% |
| Income taxes | 67/77 | €4,009 | €14,399 | +€10,391 | +259.2% |
| Profit (loss) for the period | 9904 | €8,613 | €33,571 | +€24,958 | +289.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,613 | €33,571 | +€24,958 | +289.8% |
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 12 October 2026 via checked.be.