ETS Robert PIERRARD: what changed
What changed
ETS Robert PIERRARD
NACE 47.300, Retail sale of automotive fuel
not consecutivefiled annual accounts (NBB)
Net result for the year
€172,766
2024 · €122,338+€50,428
Equity
€2.6m
2024 · €810,563+€1.8m
Cash
€27,257
2024 · €106,172-€78,914
Balance sheet total
€6.5m
2024 · €2.6m+€3.9m
Largest movements
Assets
- Financial fixed assets +€4.0m
up €4.0m (+518%), from €763,964 to €4.7m
- Cash -€78,914
down €78,914 (-74.3%), from €106,172 to €27,257
Equity and liabilities
- Other debts +€2.0m
up €2.0m (+378%), from €535,024 to €2.6m
- Contributions +€1.6m
up €1.6m (+2,602%), from €61,500 to €1.7m
- Profit (loss) carried forward +€164,128
up €164,128 (+24.0%), from €684,238 to €848,366
- Current portion of long-term debt +€143,379
up €143,379 (+64.9%), from €221,057 to €364,436
- Provisions -€129,087
no longer reported in 2025 (was €129,087)
Income statement
- Gross operating margin +€86,107
up €86,107 (+24.7%), from €349,056 to €435,163
- Depreciation +€56,537
up €56,537 (+62.7%), from €90,210 to €146,747
- Financial charges +€20,409
up €20,409 (+112%), from €18,273 to €38,681
- Financial income +€19,777
up €19,777 (+729%), from €2,715 to €22,491
- Taxes +€16,923
up €16,923 (+32.9%), from €51,372 to €68,295
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
€122,338
Gross operating margin
+€86,107
Staff costs
+€321
Depreciation
-€56,537
Other operating charges
+€12,445
Other operating items
+€25,648
Financial income
+€19,777
Financial charges
-€20,409
Taxes
-€16,923
Result 2025
€172,766
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,625,847 | €6,487,308 | +€3.9m | +147% |
| Fixed assets | 21/28 | €2,312,375 | €6,205,904 | +€3.9m | +168% |
| Tangible fixed assets | 22/27 | €1,548,411 | €1,488,384 | -€60,027 | -3.9% |
| Land and buildings | 22 | €1,547,779 | €1,488,384 | -€59,395 | -3.8% |
| Plant, machinery and equipment | 23 | €632 | - | -€632 | |
| Financial fixed assets | 28 | €763,964 | €4,717,520 | +€4.0m | +518% |
| Current assets | 29/58 | €313,472 | €281,404 | -€32,068 | -10.2% |
| Stocks and contracts in progress | 3 | €26,341 | €26,341 | = | 0.0% |
| Stocks | 30/36 | €26,341 | €26,341 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €180,959 | €227,806 | +€46,847 | +25.9% |
| Trade receivables | 40 | €180,959 | €11,063 | -€169,897 | -93.9% |
| Other amounts receivable | 41 | - | €216,743 | +€216,743 | |
| Cash at bank and in hand | 54/58 | €106,172 | €27,257 | -€78,914 | -74.3% |
| Total equity and liabilities | 10/49 | €2,625,847 | €6,487,308 | +€3.9m | +147% |
| Equity | 10/15 | €810,563 | €2,583,330 | +€1.8m | +219% |
| Contributions | 10/11 | €61,500 | €1,661,500 | +€1.6m | +2,602% |
| Capital | 10 | €61,500 | €1,661,500 | +€1.6m | +2,602% |
| Issued capital | 100 | €61,500 | €1,661,500 | +€1.6m | +2,602% |
| Reserves | 13 | €64,825 | €73,464 | +€8,638 | +13.3% |
| Non-distributable reserves | 130/1 | €12,688 | €21,327 | +€8,638 | +68.1% |
| Legal reserve | 130 | €5,220 | €13,858 | +€8,638 | +165% |
| Other | 1319 | €7,469 | €7,469 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,812 | €51,812 | = | 0.0% |
| Distributable reserves | 133 | €325 | €325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €684,238 | €848,366 | +€164,128 | +24.0% |
| Provisions and deferred taxes | 16 | €129,087 | - | -€129,087 | |
| Provisions for liabilities and charges | 160/5 | €129,087 | - | -€129,087 | |
| Other liabilities and charges | 164/5 | €129,087 | - | -€129,087 | |
| Amounts payable | 17/49 | €1,686,197 | €3,903,978 | +€2.2m | +132% |
| Amounts payable after more than one year | 17 | €883,118 | €941,089 | +€57,971 | +6.6% |
| Financial debts | 170/4 | €883,118 | €941,089 | +€57,971 | +6.6% |
| Amounts payable within one year | 42/48 | €803,079 | €2,962,889 | +€2.2m | +269% |
| Current portion of amounts payable after more than one year | 42 | €221,057 | €364,436 | +€143,379 | +64.9% |
| Trade debts | 44 | €7,627 | €19,526 | +€11,900 | +156% |
| Suppliers | 440/4 | €7,627 | €19,526 | +€11,900 | +156% |
| Taxes, remuneration and social security | 45 | €39,371 | €20,318 | -€19,054 | -48.4% |
| Taxes | 450/3 | €39,371 | €20,318 | -€19,054 | -48.4% |
| Other amounts payable | 47/48 | €535,024 | €2,558,610 | +€2.0m | +378% |
| Non-recurring operating income | 76A | €32,537 | €53,030 | +€20,493 | +63.0% |
| Remuneration, social security and pensions | 62 | €5,370 | €5,049 | -€321 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,210 | €146,747 | +€56,537 | +62.7% |
| Other operating charges | 640/8 | €38,086 | €25,641 | -€12,445 | -32.7% |
| Non-recurring operating charges | 66A | €26,122 | €475 | -€25,648 | -98.2% |
| Gross operating margin | 9900 | €349,056 | €435,163 | +€86,107 | +24.7% |
| Operating profit (loss) | 9901 | €189,268 | €257,251 | +€67,984 | +35.9% |
| Financial income | 75/76B | €2,715 | €22,491 | +€19,777 | +729% |
| Recurring financial income | 75 | €2,715 | €22,491 | +€19,777 | +729% |
| Financial charges | 65/66B | €18,273 | €38,681 | +€20,409 | +112% |
| Recurring financial charges | 65 | €18,273 | €38,681 | +€20,409 | +112% |
| Profit (loss) for the period before taxes | 9903 | €173,710 | €241,061 | +€67,352 | +38.8% |
| Income taxes | 67/77 | €51,372 | €68,295 | +€16,923 | +32.9% |
| Profit (loss) for the period | 9904 | €122,338 | €172,766 | +€50,428 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,338 | €172,766 | +€50,428 | +41.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.