ETS MOISE: 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 MOISE
Largest movements
- Receivables within one year -€6,249
down €6,249 (-45.6%), from €13,690 to €7,441
of which Other amounts receivable: -€3,454
- Tangible fixed assets +€4,823
up €4,823 (+15.1%), from €31,901 to €36,724
of which Plant, machinery and equipment: +€13,961
- Tax, wage and social debts -€12,840
down €12,840 (-87.2%), from €14,717 to €1,877
of which Taxes: -€9,595
- Debts after one year +€5,348
up €5,348 (+34.0%), from €15,722 to €21,070
- Current portion of long-term debt +€4,382
up €4,382 (+73.7%), from €5,948 to €10,331
- Profit (loss) carried forward -€3,054
down €3,054 (-7.2%), from €42,327 to €39,273
- Trade debts +€2,862
up €2,862 (+240%), from €1,191 to €4,053
- Gross operating margin -€26,044
down €26,044 (-35.7%), from €73,033 to €46,990
- Staff costs +€20,929
up €20,929 (+174%), from €12,041 to €32,970
- Taxes -€10,634
down €10,634, from €10,632 to -€2
- Depreciation +€8,022
up €8,022 (+110%), from €7,265 to €15,287
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 | €83,905 | €82,641 | -€1,264 | -1.5% |
| Fixed assets | 21/28 | €35,021 | €39,844 | +€4,823 | +13.8% |
| Tangible fixed assets | 22/27 | €31,901 | €36,724 | +€4,823 | +15.1% |
| Plant, machinery and equipment | 23 | €10,230 | €24,191 | +€13,961 | +136% |
| Furniture and vehicles | 24 | €21,671 | €12,532 | -€9,139 | -42.2% |
| Financial fixed assets | 28 | €3,120 | €3,120 | = | 0.0% |
| Current assets | 29/58 | €48,884 | €42,797 | -€6,087 | -12.5% |
| Amounts receivable within one year | 40/41 | €13,690 | €7,441 | -€6,249 | -45.6% |
| Trade receivables | 40 | €8,457 | €5,661 | -€2,796 | -33.1% |
| Other amounts receivable | 41 | €5,234 | €1,780 | -€3,454 | -66.0% |
| Cash at bank and in hand | 54/58 | €34,230 | €34,393 | +€162 | +0.5% |
| Deferred charges and accrued income | 490/1 | €963 | €963 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €83,905 | €82,641 | -€1,264 | -1.5% |
| Equity | 10/15 | €46,327 | €43,273 | -€3,054 | -6.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,327 | €39,273 | -€3,054 | -7.2% |
| Amounts payable | 17/49 | €37,578 | €39,368 | +€1,789 | +4.8% |
| Amounts payable after more than one year | 17 | €15,722 | €21,070 | +€5,348 | +34.0% |
| Financial debts | 170/4 | €15,722 | €21,070 | +€5,348 | +34.0% |
| Amounts payable within one year | 42/48 | €21,856 | €16,798 | -€5,059 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €5,948 | €10,331 | +€4,382 | +73.7% |
| Trade debts | 44 | €1,191 | €4,053 | +€2,862 | +240% |
| Suppliers | 440/4 | €1,191 | €4,053 | +€2,862 | +240% |
| Taxes, remuneration and social security | 45 | €14,717 | €1,877 | -€12,840 | -87.2% |
| Taxes | 450/3 | €10,813 | €1,218 | -€9,595 | -88.7% |
| Remuneration and social security | 454/9 | €3,904 | €659 | -€3,245 | -83.1% |
| Other amounts payable | 47/48 | - | €537 | +€537 | |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €882 | +€882 | |
| Remuneration, social security and pensions | 62 | €12,041 | €32,970 | +€20,929 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,265 | €15,287 | +€8,022 | +110% |
| Other operating charges | 640/8 | €249 | €309 | +€60 | +24.0% |
| Non-recurring operating charges | 66A | - | €64 | +€64 | |
| Gross operating margin | 9900 | €73,033 | €46,990 | -€26,044 | -35.7% |
| Operating profit (loss) | 9901 | €53,479 | -€1,640 | -€55,118 | |
| Financial income | 75/76B | €202 | €4 | -€198 | -98.2% |
| Recurring financial income | 75 | €202 | €4 | -€198 | -98.2% |
| Financial charges | 65/66B | €721 | €1,420 | +€698 | +96.8% |
| Recurring financial charges | 65 | €721 | €1,420 | +€698 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €52,959 | -€3,056 | -€56,015 | |
| Income taxes | 67/77 | €10,632 | -€2 | -€10,634 | |
| Profit (loss) for the period | 9904 | €42,327 | -€3,054 | -€45,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,327 | -€3,054 | -€45,381 |
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 14 October 2026 via checked.be.