ETS-MARIJSSE & ZOON: what changed
What changed
ETS-MARIJSSE & ZOON
NACE 46.610, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€186,802
2024 · €114,061+€72,741
Equity
€832,013
2024 · €645,211+€186,802
Cash
€258,024
2024 · €140,779+€117,245
Balance sheet total
€2.0m
2024 · €1.6m+€387,131
Largest movements
Assets
- Stocks and contracts +€173,823
up €173,823 (+36.6%), from €474,964 to €648,788
- Cash +€117,245
up €117,245 (+83.3%), from €140,779 to €258,024
mainly Net result for the year (+€186,802) and Debts after one year (+€86,591)
- Tangible fixed assets +€86,920
up €86,920 (+52.7%), from €164,935 to €251,856
of which Plant, machinery and equipment: +€94,692
Equity and liabilities
- Reserves +€186,802
up €186,802 (+45.7%), from €408,535 to €595,337
of which Distributable reserves: +€186,802
- Debts after one year +€86,591
up €86,591 (+55.6%), from €155,620 to €242,211
- Trade debts +€35,945
up €35,945 (+9.9%), from €361,446 to €397,391
- Tax, wage and social debts +€32,207
up €32,207 (+41.6%), from €77,452 to €109,659
of which Taxes: +€32,941
- Short-term financial debts +€31,729
up €31,729 (+25.4%), from €125,000 to €156,729
Income statement
- Staff costs -€71,043
down €71,043 (-25.3%), from €281,104 to €210,061
- Taxes +€36,470
up €36,470 (+73.9%), from €49,380 to €85,850
- Depreciation -€25,496
down €25,496 (-25.4%), from €100,220 to €74,724
- Write-downs +€23,721
new in 2025: €23,721
- Gross operating margin +€17,904
up €17,904 (+3.1%), from €578,457 to €596,361
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.
Result 2024
€114,061
Gross operating margin
+€17,904
Staff costs
+€71,043
Depreciation
+€25,496
Write-downs
-€23,721
Other operating charges
+€1,511
Other operating items
+€14,880
Financial income
+€5,806
Financial charges
-€3,708
Taxes
-€36,470
Result 2025
€186,802
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€148,001
Investment
-€161,645
Financing
+€130,889
Cash 2024
€140,779
From operations (derived)
+€148,001
Net result for the year
+€186,802
Depreciation
+€74,724
Stocks and contracts
-€173,823
Receivables within one year
-€5,041
Deferred charges and accrued income
-€4,102
Trade debts
+€35,945
Tax, wage and social debts
+€32,207
Advances received
+€250
Other debts
+€13,113
Accrued charges and deferred income
-€12,075
Investment (derived)
-€161,645
Investment in fixed assets (net)
-€161,645
Financing
+€130,889
Debts after one year
+€86,591
Current portion of long-term debt
+€12,570
Short-term financial debts
+€31,729
Cash 2025
€258,024
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,601,300 | €1,988,431 | +€387,131 | +24.2% |
| Fixed assets | 21/28 | €450,408 | €537,328 | +€86,920 | +19.3% |
| Tangible fixed assets | 22/27 | €164,935 | €251,856 | +€86,920 | +52.7% |
| Plant, machinery and equipment | 23 | €139,760 | €234,453 | +€94,692 | +67.8% |
| Furniture and vehicles | 24 | €15,728 | €10,868 | -€4,860 | -30.9% |
| Other tangible fixed assets | 26 | €9,447 | €6,535 | -€2,911 | -30.8% |
| Financial fixed assets | 28 | €285,473 | €285,473 | = | 0.0% |
| Current assets | 29/58 | €1,150,892 | €1,451,103 | +€300,211 | +26.1% |
| Stocks and contracts in progress | 3 | €474,964 | €648,788 | +€173,823 | +36.6% |
| Stocks | 30/36 | €474,964 | €648,788 | +€173,823 | +36.6% |
| Amounts receivable within one year | 40/41 | €529,452 | €534,493 | +€5,041 | +1.0% |
| Trade receivables | 40 | €525,637 | €534,493 | +€8,855 | +1.7% |
| Other amounts receivable | 41 | €3,814 | €0 | -€3,814 | -100% |
| Cash at bank and in hand | 54/58 | €140,779 | €258,024 | +€117,245 | +83.3% |
| Deferred charges and accrued income | 490/1 | €5,697 | €9,799 | +€4,102 | +72.0% |
| Total equity and liabilities | 10/49 | €1,601,300 | €1,988,431 | +€387,131 | +24.2% |
| Equity | 10/15 | €645,211 | €832,013 | +€186,802 | +29.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €408,535 | €595,337 | +€186,802 | +45.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €408,535 | €595,337 | +€186,802 | +45.7% |
| Profit (loss) carried forward | 14 | €218,084 | €218,084 | = | 0.0% |
| Amounts payable | 17/49 | €956,089 | €1,156,419 | +€200,329 | +21.0% |
| Amounts payable after more than one year | 17 | €155,620 | €242,211 | +€86,591 | +55.6% |
| Financial debts | 170/4 | €155,620 | €242,211 | +€86,591 | +55.6% |
| Amounts payable within one year | 42/48 | €770,394 | €896,208 | +€125,814 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €27,083 | €39,653 | +€12,570 | +46.4% |
| Financial debts | 43 | €125,000 | €156,729 | +€31,729 | +25.4% |
| Credit institutions | 430/8 | €125,000 | €156,729 | +€31,729 | +25.4% |
| Trade debts | 44 | €361,446 | €397,391 | +€35,945 | +9.9% |
| Suppliers | 440/4 | €361,446 | €397,391 | +€35,945 | +9.9% |
| Advances received on contracts in progress | 46 | €0 | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €77,452 | €109,659 | +€32,207 | +41.6% |
| Taxes | 450/3 | €57,313 | €90,254 | +€32,941 | +57.5% |
| Remuneration and social security | 454/9 | €20,138 | €19,405 | -€734 | -3.6% |
| Other amounts payable | 47/48 | €179,413 | €192,526 | +€13,113 | +7.3% |
| Accrued charges and deferred income | 492/3 | €30,075 | €18,000 | -€12,075 | -40.2% |
| Remuneration, social security and pensions | 62 | €281,104 | €210,061 | -€71,043 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,220 | €74,724 | -€25,496 | -25.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,721 | +€23,721 | |
| Other operating charges | 640/8 | €5,976 | €4,465 | -€1,511 | -25.3% |
| Non-recurring operating charges | 66A | €16,626 | €1,745 | -€14,880 | -89.5% |
| Gross operating margin | 9900 | €578,457 | €596,361 | +€17,904 | +3.1% |
| Operating profit (loss) | 9901 | €174,531 | €281,644 | +€107,113 | +61.4% |
| Financial income | 75/76B | €0 | €5,806 | +€5,806 | |
| Recurring financial income | 75 | €0 | €5,806 | +€5,806 | |
| Financial charges | 65/66B | €11,090 | €14,798 | +€3,708 | +33.4% |
| Recurring financial charges | 65 | €11,090 | €14,798 | +€3,708 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €163,440 | €272,652 | +€109,211 | +66.8% |
| Income taxes | 67/77 | €49,380 | €85,850 | +€36,470 | +73.9% |
| Profit (loss) for the period | 9904 | €114,061 | €186,802 | +€72,741 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,061 | €186,802 | +€72,741 | +63.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.