ETS GUILLAUME SCHMETS: what changed
ETS GUILLAUME SCHMETS
Largest movements
- Cash -€29,679
down €29,679 (-52.8%), from €56,221 to €26,542
mainly Stocks and contracts (-€14,875) and Investment in fixed assets (net) (-€12,162)
- Stocks and contracts +€14,875
up €14,875 (+127%), from €11,750 to €26,625
- Receivables within one year +€11,953
up €11,953 (+355%), from €3,365 to €15,318
of which Trade receivables: +€11,365
- Tangible fixed assets +€8,015
new in 2025: €8,015
- Profit (loss) carried forward +€12,475
up €12,475 (+120%), from €10,418 to €22,893
- Other debts -€5,257
down €5,257 (-19.7%), from €26,700 to €21,443
- Tax, wage and social debts -€1,904
down €1,904 (-35.0%), from €5,441 to €3,537
- Gross operating margin +€6,176
up €6,176 (+45.6%), from €13,550 to €19,726
- Depreciation +€3,547
new in 2025: €3,547
- Taxes +€930
up €930 (+35.5%), from €2,619 to €3,549
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €71,636 | €77,473 | +€5,837 | +8.1% |
| Fixed assets | 21/28 | €300 | €8,915 | +€8,615 | +2,872% |
| Tangible fixed assets | 22/27 | - | €8,015 | +€8,015 | |
| Furniture and vehicles | 24 | - | €8,015 | +€8,015 | |
| Financial fixed assets | 28 | €300 | €900 | +€600 | +200% |
| Current assets | 29/58 | €71,336 | €68,558 | -€2,777 | -3.9% |
| Stocks and contracts in progress | 3 | €11,750 | €26,625 | +€14,875 | +127% |
| Stocks | 30/36 | €11,750 | €26,625 | +€14,875 | +127% |
| Amounts receivable within one year | 40/41 | €3,365 | €15,318 | +€11,953 | +355% |
| Trade receivables | 40 | €3,365 | €14,730 | +€11,365 | +338% |
| Other amounts receivable | 41 | - | €588 | +€588 | |
| Cash at bank and in hand | 54/58 | €56,221 | €26,542 | -€29,679 | -52.8% |
| Deferred charges and accrued income | 490/1 | - | €74 | +€74 | |
| Total equity and liabilities | 10/49 | €71,636 | €77,473 | +€5,837 | +8.1% |
| Equity | 10/15 | €13,418 | €25,893 | +€12,475 | +93.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,418 | €22,893 | +€12,475 | +120% |
| Amounts payable | 17/49 | €58,218 | €51,579 | -€6,638 | -11.4% |
| Amounts payable within one year | 42/48 | €58,218 | €51,579 | -€6,638 | -11.4% |
| Trade debts | 44 | €26,077 | €26,600 | +€522 | +2.0% |
| Suppliers | 440/4 | €26,077 | €26,600 | +€522 | +2.0% |
| Taxes, remuneration and social security | 45 | €5,441 | €3,537 | -€1,904 | -35.0% |
| Taxes | 450/3 | €5,441 | €3,537 | -€1,904 | -35.0% |
| Other amounts payable | 47/48 | €26,700 | €21,443 | -€5,257 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,547 | +€3,547 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €13,550 | €19,726 | +€6,176 | +45.6% |
| Operating profit (loss) | 9901 | €13,163 | €16,179 | +€3,016 | +22.9% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €126 | €193 | +€68 | +53.9% |
| Recurring financial charges | 65 | €126 | €193 | +€68 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €13,037 | €16,024 | +€2,987 | +22.9% |
| Income taxes | 67/77 | €2,619 | €3,549 | +€930 | +35.5% |
| Profit (loss) for the period | 9904 | €10,418 | €12,475 | +€2,057 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,418 | €12,475 | +€2,057 | +19.7% |
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 2 November 2026 via checked.be.