ETS-INFORMATICS: 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-INFORMATICS
Largest movements
- Receivables within one year +€265,577
up €265,577 (+63.3%), from €419,462 to €685,039
of which Trade receivables: +€274,522
- Cash -€136,479
down €136,479 (-19.2%), from €709,762 to €573,283
mainly Receivables within one year (-€265,577) and Current investments (-€69,600)
- Current investments +€69,600
up €69,600 (+56.0%), from €124,380 to €193,980
- Tangible fixed assets +€41,308
up €41,308 (+83.2%), from €49,622 to €90,930
of which Land and buildings: +€45,195
- Tax, wage and social debts +€58,264
up €58,264 (+33.4%), from €174,515 to €232,779
of which Taxes: +€42,986
- Other debts +€57,387
up €57,387 (+348%), from €16,491 to €73,878
- Reserves +€50,548
up €50,548 (+10.6%), from €478,371 to €528,918
of which Distributable reserves: +€50,548
- Accrued charges and deferred income +€27,585
up €27,585 (+5.3%), from €521,028 to €548,613
- Debts after one year +€16,894
up €16,894 (+255%), from €6,633 to €23,526
- Gross operating margin +€132,326
up €132,326 (+13.0%), from €1.0m to €1.1m
- Staff costs +€54,863
up €54,863 (+5.9%), from €933,934 to €988,798
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 | €1,393,597 | €1,637,339 | +€243,742 | +17.5% |
| Fixed assets | 21/28 | €84,744 | €121,052 | +€36,308 | +42.8% |
| Intangible fixed assets | 21 | €34,986 | €29,986 | -€5,000 | -14.3% |
| Tangible fixed assets | 22/27 | €49,622 | €90,930 | +€41,308 | +83.2% |
| Land and buildings | 22 | €14,831 | €60,026 | +€45,195 | +305% |
| Plant, machinery and equipment | 23 | €27,626 | €22,787 | -€4,839 | -17.5% |
| Furniture and vehicles | 24 | €7,165 | €8,117 | +€952 | +13.3% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €1,308,853 | €1,516,286 | +€207,434 | +15.8% |
| Stocks and contracts in progress | 3 | €34,316 | €44,307 | +€9,991 | +29.1% |
| Stocks | 30/36 | €34,316 | €44,307 | +€9,991 | +29.1% |
| Amounts receivable within one year | 40/41 | €419,462 | €685,039 | +€265,577 | +63.3% |
| Trade receivables | 40 | €313,074 | €587,597 | +€274,522 | +87.7% |
| Other amounts receivable | 41 | €106,388 | €97,443 | -€8,945 | -8.4% |
| Current investments | 50/53 | €124,380 | €193,980 | +€69,600 | +56.0% |
| Cash at bank and in hand | 54/58 | €709,762 | €573,283 | -€136,479 | -19.2% |
| Deferred charges and accrued income | 490/1 | €20,932 | €19,677 | -€1,255 | -6.0% |
| Total equity and liabilities | 10/49 | €1,393,597 | €1,637,339 | +€243,742 | +17.5% |
| Equity | 10/15 | €498,371 | €548,918 | +€50,548 | +10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €478,371 | €528,918 | +€50,548 | +10.6% |
| Tax-exempt reserves | 132 | €30,500 | €30,500 | = | 0.0% |
| Distributable reserves | 133 | €447,871 | €498,418 | +€50,548 | +11.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €6,617 | €7,747 | +€1,130 | +17.1% |
| Provisions for liabilities and charges | 160/5 | €6,617 | €7,747 | +€1,130 | +17.1% |
| Other liabilities and charges | 164/5 | €6,617 | €7,747 | +€1,130 | +17.1% |
| Amounts payable | 17/49 | €888,609 | €1,080,674 | +€192,065 | +21.6% |
| Amounts payable after more than one year | 17 | €6,633 | €23,526 | +€16,894 | +255% |
| Financial debts | 170/4 | €6,633 | €23,526 | +€16,894 | +255% |
| Amounts payable within one year | 42/48 | €360,949 | €508,535 | +€147,586 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €61,714 | €77,844 | +€16,130 | +26.1% |
| Trade debts | 44 | €108,229 | €124,034 | +€15,806 | +14.6% |
| Suppliers | 440/4 | €108,229 | €124,034 | +€15,806 | +14.6% |
| Taxes, remuneration and social security | 45 | €174,515 | €232,779 | +€58,264 | +33.4% |
| Taxes | 450/3 | €497 | €43,483 | +€42,986 | +8,656% |
| Remuneration and social security | 454/9 | €174,019 | €189,296 | +€15,277 | +8.8% |
| Other amounts payable | 47/48 | €16,491 | €73,878 | +€57,387 | +348% |
| Accrued charges and deferred income | 492/3 | €521,028 | €548,613 | +€27,585 | +5.3% |
| Non-recurring operating income | 76A | €2,730 | €0 | -€2,730 | -100% |
| Remuneration, social security and pensions | 62 | €933,934 | €988,798 | +€54,863 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,033 | €17,281 | +€3,247 | +23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,110 | €0 | +€1,110 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,770 | €1,130 | +€6,900 | |
| Other operating charges | 640/8 | €10,996 | €9,576 | -€1,420 | -12.9% |
| Gross operating margin | 9900 | €1,016,628 | €1,148,954 | +€132,326 | +13.0% |
| Operating profit (loss) | 9901 | €64,544 | €132,170 | +€67,626 | +105% |
| Financial income | 75/76B | €3,406 | €10,053 | +€6,646 | +195% |
| Recurring financial income | 75 | €3,406 | €6,920 | +€3,514 | +103% |
| Non-recurring financial income | 76B | - | €3,132 | +€3,132 | |
| Financial charges | 65/66B | €2,106 | €13,329 | +€11,223 | +533% |
| Recurring financial charges | 65 | €2,106 | €13,329 | +€11,223 | +533% |
| Profit (loss) for the period before taxes | 9903 | €65,845 | €128,894 | +€63,049 | +95.8% |
| Income taxes | 67/77 | €17,254 | €18,346 | +€1,093 | +6.3% |
| Profit (loss) for the period | 9904 | €48,591 | €110,548 | +€61,957 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €48,591 | €110,548 | +€61,957 | +128% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.