ETS RICHARD: 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 RICHARD
Largest movements
- Receivables within one year +€28,833
up €28,833 (+250%), from €11,535 to €40,368
of which Other amounts receivable: +€14,808
- Tangible fixed assets +€4,764
up €4,764 (+74.3%), from €6,411 to €11,175
of which Furniture and vehicles: +€2,476
- Cash -€2,939
down €2,939 (-57.5%), from €5,113 to €2,174
mainly Receivables within one year (-€28,833) and Investment in fixed assets (net) (-€4,764)
- Tax, wage and social debts +€24,411
up €24,411 (+1,095%), from €2,229 to €26,640
of which Taxes: +€14,496
- Trade debts +€11,609
up €11,609 (+258%), from €4,493 to €16,102
- Profit (loss) carried forward -€4,617
down €4,617 (-109%), from -€4,226 to -€8,843
- Gross operating margin -€6,465
down €6,465, from €2,873 to -€3,593
- Turnover -€6,360
down €6,360 (-8.6%), from €73,989 to €67,629
- Depreciation -€3,115
no longer reported in 2025 (was €3,115)
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 | €24,407 | €55,810 | +€31,403 | +129% |
| Fixed assets | 21/28 | €6,411 | €11,175 | +€4,764 | +74.3% |
| Tangible fixed assets | 22/27 | €6,411 | €11,175 | +€4,764 | +74.3% |
| Plant, machinery and equipment | 23 | €913 | €3,200 | +€2,288 | +251% |
| Furniture and vehicles | 24 | €5,499 | €7,975 | +€2,476 | +45.0% |
| Current assets | 29/58 | €17,996 | €44,635 | +€26,639 | +148% |
| Stocks and contracts in progress | 3 | - | €362 | +€362 | |
| Stocks | 30/36 | - | €362 | +€362 | |
| Amounts receivable within one year | 40/41 | €11,535 | €40,368 | +€28,833 | +250% |
| Trade receivables | 40 | €11,535 | €25,559 | +€14,024 | +122% |
| Other amounts receivable | 41 | - | €14,808 | +€14,808 | |
| Cash at bank and in hand | 54/58 | €5,113 | €2,174 | -€2,939 | -57.5% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,731 | +€384 | +28.5% |
| Total equity and liabilities | 10/49 | €24,407 | €55,810 | +€31,403 | +129% |
| Equity | 10/15 | €16,225 | €11,608 | -€4,617 | -28.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,226 | -€8,843 | -€4,617 | -109% |
| Amounts payable | 17/49 | €8,182 | €44,202 | +€36,020 | +440% |
| Amounts payable within one year | 42/48 | €8,182 | €44,202 | +€36,020 | +440% |
| Trade debts | 44 | €4,493 | €16,102 | +€11,609 | +258% |
| Suppliers | 440/4 | €4,493 | €16,102 | +€11,609 | +258% |
| Taxes, remuneration and social security | 45 | €2,229 | €26,640 | +€24,411 | +1,095% |
| Taxes | 450/3 | €1,878 | €16,375 | +€14,496 | +772% |
| Remuneration and social security | 454/9 | €350 | €10,265 | +€9,914 | +2,829% |
| Other amounts payable | 47/48 | €1,460 | €1,460 | = | 0.0% |
| Turnover | 70 | €73,989 | €67,629 | -€6,360 | -8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,116 | €71,221 | +€105 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,115 | - | -€3,115 | |
| Other operating charges | 640/8 | €930 | €947 | +€17 | +1.8% |
| Gross operating margin | 9900 | €2,873 | -€3,593 | -€6,465 | |
| Operating profit (loss) | 9901 | -€1,173 | -€4,540 | -€3,368 | -287% |
| Financial charges | 65/66B | €192 | €77 | -€115 | -59.9% |
| Recurring financial charges | 65 | €192 | €77 | -€115 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,364 | -€4,617 | -€3,253 | -238% |
| Income taxes | 67/77 | €691 | - | -€691 | |
| Profit (loss) for the period | 9904 | -€2,056 | -€4,617 | -€2,561 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,056 | -€4,617 | -€2,561 | -125% |
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.