ETS. POTIEZ: 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. POTIEZ
Largest movements
- Receivables within one year -€172,661
down €172,661 (-22.7%), from €758,960 to €586,299
of which Trade receivables: -€168,882
- Tangible fixed assets -€39,448
down €39,448 (-28.9%), from €136,456 to €97,008
- Stocks and contracts -€33,398
down €33,398 (-51.9%), from €64,360 to €30,962
- Deferred charges and accrued income -€13,119
down €13,119 (-15.8%), from €83,228 to €70,109
- Reserves -€255,000
down €255,000 (-52.1%), from €489,450 to €234,450
of which Distributable reserves: -€255,000
- Other debts -€84,985
down €84,985 (-88.5%), from €96,042 to €11,057
- Debts after one year +€48,482
up €48,482 (+653%), from €7,420 to €55,902
of which Financial debts: +€48,482
- Tax, wage and social debts +€32,031
up €32,031 (+43.3%), from €74,002 to €106,033
of which Remuneration and social security: +€26,471
- Current portion of long-term debt +€13,005
up €13,005 (+9.1%), from €143,513 to €156,518
- Gross operating margin -€148,294
down €148,294 (-66.2%), from €224,056 to €75,762
- Staff costs +€80,325
up €80,325 (+57.7%), from €139,305 to €219,630
- Depreciation -€15,758
down €15,758 (-28.5%), from €55,206 to €39,448
- Other operating charges +€3,365
up €3,365 (+23.4%), from €14,380 to €17,745
- Financial charges -€2,271
down €2,271 (-21.0%), from €10,835 to €8,564
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 | €1,142,262 | €885,971 | -€256,291 | -22.4% |
| Fixed assets | 21/28 | €142,990 | €103,542 | -€39,448 | -27.6% |
| Tangible fixed assets | 22/27 | €136,456 | €97,008 | -€39,448 | -28.9% |
| Land and buildings | 22 | €108,459 | €92,965 | -€15,494 | -14.3% |
| Plant, machinery and equipment | 23 | €8,276 | €2,081 | -€6,195 | -74.9% |
| Furniture and vehicles | 24 | €19,721 | €1,963 | -€17,758 | -90.0% |
| Financial fixed assets | 28 | €6,534 | €6,534 | = | 0.0% |
| Current assets | 29/58 | €999,272 | €782,428 | -€216,844 | -21.7% |
| Stocks and contracts in progress | 3 | €64,360 | €30,962 | -€33,398 | -51.9% |
| Stocks | 30/36 | €64,360 | €30,962 | -€33,398 | -51.9% |
| Amounts receivable within one year | 40/41 | €758,960 | €586,299 | -€172,661 | -22.7% |
| Trade receivables | 40 | €755,181 | €586,299 | -€168,882 | -22.4% |
| Other amounts receivable | 41 | €3,779 | - | -€3,779 | |
| Cash at bank and in hand | 54/58 | €92,724 | €95,058 | +€2,334 | +2.5% |
| Deferred charges and accrued income | 490/1 | €83,228 | €70,109 | -€13,119 | -15.8% |
| Total equity and liabilities | 10/49 | €1,142,262 | €885,971 | -€256,291 | -22.4% |
| Equity | 10/15 | €578,161 | €325,056 | -€253,105 | -43.8% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €489,450 | €234,450 | -€255,000 | -52.1% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €462,000 | €207,000 | -€255,000 | -55.2% |
| Profit (loss) carried forward | 14 | €1,711 | €3,606 | +€1,895 | +111% |
| Amounts payable | 17/49 | €564,101 | €560,915 | -€3,186 | -0.6% |
| Amounts payable after more than one year | 17 | €7,420 | €55,902 | +€48,482 | +653% |
| Financial debts | 170/4 | €5,620 | €54,102 | +€48,482 | +863% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €556,681 | €504,313 | -€52,368 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €143,513 | €156,518 | +€13,005 | +9.1% |
| Trade debts | 44 | €243,123 | €230,705 | -€12,418 | -5.1% |
| Suppliers | 440/4 | €243,123 | €230,705 | -€12,418 | -5.1% |
| Taxes, remuneration and social security | 45 | €74,002 | €106,033 | +€32,031 | +43.3% |
| Taxes | 450/3 | €45,683 | €51,244 | +€5,560 | +12.2% |
| Remuneration and social security | 454/9 | €28,319 | €54,789 | +€26,471 | +93.5% |
| Other amounts payable | 47/48 | €96,042 | €11,057 | -€84,985 | -88.5% |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Remuneration, social security and pensions | 62 | €139,305 | €219,630 | +€80,325 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,206 | €39,448 | -€15,758 | -28.5% |
| Other operating charges | 640/8 | €14,380 | €17,745 | +€3,365 | +23.4% |
| Gross operating margin | 9900 | €224,056 | €75,762 | -€148,294 | -66.2% |
| Operating profit (loss) | 9901 | €15,166 | -€201,061 | -€216,227 | |
| Financial charges | 65/66B | €10,835 | €8,564 | -€2,271 | -21.0% |
| Recurring financial charges | 65 | €10,835 | €8,564 | -€2,271 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €4,331 | -€209,625 | -€213,956 | |
| Income taxes | 67/77 | €3,821 | €3,480 | -€341 | -8.9% |
| Profit (loss) for the period | 9904 | €510 | -€213,105 | -€213,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €510 | -€213,105 | -€213,615 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.