ETS Marana: 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 Marana
Largest movements
- Cash +€21,618
up €21,618 (+146%), from €14,803 to €36,421
mainly Net result for the year (+€14,085) and Depreciation (+€4,418)
- Tangible fixed assets -€4,418
down €4,418 (-100%), from €4,418 to €0
- Deferred charges and accrued income +€452
new in 2026: €452
- Profit (loss) carried forward +€14,085
up €14,085 (+101%), from €13,995 to €28,080
- Tax, wage and social debts +€3,527
up €3,527 (+235%), from €1,500 to €5,027
of which Taxes: +€3,385
- Trade debts +€1,852
up €1,852 (+1,057%), from €175 to €2,027
- Other debts -€1,671
down €1,671 (-30.9%), from €5,412 to €3,741
- Gross operating margin +€16,744
up €16,744 (+110%), from €15,283 to €32,028
- Taxes +€3,389
up €3,389 (+655%), from €518 to €3,907
- Staff costs +€2,012
up €2,012 (+28.7%), from €7,003 to €9,016
- Depreciation -€1,091
down €1,091 (-19.8%), from €5,509 to €4,418
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,082 | €41,875 | +€17,793 | +73.9% |
| Fixed assets | 21/28 | €4,418 | €0 | -€4,418 | -100% |
| Tangible fixed assets | 22/27 | €4,418 | €0 | -€4,418 | -100% |
| Furniture and vehicles | 24 | €4,418 | €0 | -€4,418 | -100% |
| Current assets | 29/58 | €19,664 | €41,875 | +€22,211 | +113% |
| Amounts receivable within one year | 40/41 | €4,861 | €5,001 | +€140 | +2.9% |
| Trade receivables | 40 | €3,174 | €3,192 | +€18 | +0.6% |
| Other amounts receivable | 41 | €1,687 | €1,808 | +€122 | +7.2% |
| Cash at bank and in hand | 54/58 | €14,803 | €36,421 | +€21,618 | +146% |
| Deferred charges and accrued income | 490/1 | - | €452 | +€452 | |
| Total equity and liabilities | 10/49 | €24,082 | €41,875 | +€17,793 | +73.9% |
| Equity | 10/15 | €16,995 | €31,080 | +€14,085 | +82.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,995 | €28,080 | +€14,085 | +101% |
| Amounts payable | 17/49 | €7,087 | €10,795 | +€3,708 | +52.3% |
| Amounts payable within one year | 42/48 | €7,087 | €10,795 | +€3,708 | +52.3% |
| Trade debts | 44 | €175 | €2,027 | +€1,852 | +1,057% |
| Suppliers | 440/4 | €175 | €2,027 | +€1,852 | +1,057% |
| Taxes, remuneration and social security | 45 | €1,500 | €5,027 | +€3,527 | +235% |
| Taxes | 450/3 | €520 | €3,905 | +€3,385 | +651% |
| Remuneration and social security | 454/9 | €980 | €1,122 | +€142 | +14.5% |
| Other amounts payable | 47/48 | €5,412 | €3,741 | -€1,671 | -30.9% |
| Remuneration, social security and pensions | 62 | €7,003 | €9,016 | +€2,012 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,509 | €4,418 | -€1,091 | -19.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €15,283 | €32,028 | +€16,744 | +110% |
| Operating profit (loss) | 9901 | €2,384 | €18,195 | +€15,811 | +663% |
| Financial charges | 65/66B | €70 | €203 | +€133 | +191% |
| Recurring financial charges | 65 | €70 | €203 | +€133 | +191% |
| Profit (loss) for the period before taxes | 9903 | €2,314 | €17,991 | +€15,678 | +678% |
| Income taxes | 67/77 | €518 | €3,907 | +€3,389 | +655% |
| Profit (loss) for the period | 9904 | €1,796 | €14,085 | +€12,288 | +684% |
| Profit (loss) for the period to be appropriated | 9905 | €1,796 | €14,085 | +€12,288 | +684% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.