ETS ROLANS: 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 ROLANS
Largest movements
- Cash +€346,981
up €346,981 (+36.6%), from €946,951 to €1.3m
mainly Other debts (+€570,129) and Net result for the year (+€444,751)
- Receivables within one year +€91,119
up €91,119 (+8.8%), from €1.0m to €1.1m
of which Trade receivables: +€108,431
- Stocks and contracts +€60,248
up €60,248 (+6.9%), from €875,672 to €935,920
- Other debts +€570,129
new in 2025: €570,129
- Reserves -€333,590
down €333,590 (-26.9%), from €1.2m to €905,066
of which Distributable reserves: -€333,590
- Trade debts +€193,820
up €193,820 (+28.4%), from €682,849 to €876,668
- Tax, wage and social debts +€65,983
up €65,983 (+48.2%), from €136,929 to €202,912
of which Taxes: +€49,024
- Taxes +€69,694
up €69,694 (+48.9%), from €142,418 to €212,112
- Gross operating margin +€66,928
up €66,928 (+5.2%), from €1.3m to €1.3m
- Staff costs -€46,487
down €46,487 (-7.2%), from €643,054 to €596,567
- Financial charges +€17,448
up €17,448 (+332%), from €5,263 to €22,711
- Write-downs -€15,591
no longer reported in 2025 (was €15,591)
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 | €3,162,781 | €3,661,132 | +€498,351 | +15.8% |
| Fixed assets | 21/28 | €297,891 | €290,101 | -€7,790 | -2.6% |
| Intangible fixed assets | 21 | €49,185 | €25,263 | -€23,922 | -48.6% |
| Tangible fixed assets | 22/27 | €248,706 | €264,838 | +€16,133 | +6.5% |
| Land and buildings | 22 | €177,070 | €218,796 | +€41,726 | +23.6% |
| Plant, machinery and equipment | 23 | €5,989 | €3,968 | -€2,020 | -33.7% |
| Furniture and vehicles | 24 | €25,732 | €11,679 | -€14,053 | -54.6% |
| Other tangible fixed assets | 26 | €39,915 | €30,395 | -€9,520 | -23.9% |
| Current assets | 29/58 | €2,864,890 | €3,371,030 | +€506,140 | +17.7% |
| Stocks and contracts in progress | 3 | €875,672 | €935,920 | +€60,248 | +6.9% |
| Stocks | 30/36 | €875,672 | €935,920 | +€60,248 | +6.9% |
| Amounts receivable within one year | 40/41 | €1,035,902 | €1,127,020 | +€91,119 | +8.8% |
| Trade receivables | 40 | €1,006,498 | €1,114,929 | +€108,431 | +10.8% |
| Other amounts receivable | 41 | €29,404 | €12,092 | -€17,312 | -58.9% |
| Cash at bank and in hand | 54/58 | €946,951 | €1,293,932 | +€346,981 | +36.6% |
| Deferred charges and accrued income | 490/1 | €6,366 | €14,158 | +€7,793 | +122% |
| Total equity and liabilities | 10/49 | €3,162,781 | €3,661,132 | +€498,351 | +15.8% |
| Equity | 10/15 | €2,340,060 | €2,006,470 | -€333,590 | -14.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,238,656 | €905,066 | -€333,590 | -26.9% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,188,656 | €855,066 | -€333,590 | -28.1% |
| Profit (loss) carried forward | 14 | €1,001,404 | €1,001,404 | = | 0.0% |
| Amounts payable | 17/49 | €822,721 | €1,654,662 | +€831,940 | +101% |
| Amounts payable within one year | 42/48 | €819,778 | €1,649,709 | +€829,931 | +101% |
| Trade debts | 44 | €682,849 | €876,668 | +€193,820 | +28.4% |
| Suppliers | 440/4 | €682,849 | €876,668 | +€193,820 | +28.4% |
| Taxes, remuneration and social security | 45 | €136,929 | €202,912 | +€65,983 | +48.2% |
| Taxes | 450/3 | €90,301 | €139,325 | +€49,024 | +54.3% |
| Remuneration and social security | 454/9 | €46,628 | €63,587 | +€16,959 | +36.4% |
| Other amounts payable | 47/48 | - | €570,129 | +€570,129 | |
| Accrued charges and deferred income | 492/3 | €2,943 | €4,953 | +€2,009 | +68.3% |
| Remuneration, social security and pensions | 62 | €643,054 | €596,567 | -€46,487 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,227 | €69,422 | -€5,805 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,591 | - | -€15,591 | |
| Other operating charges | 640/8 | €18,906 | €19,327 | +€421 | +2.2% |
| Gross operating margin | 9900 | €1,279,897 | €1,346,825 | +€66,928 | +5.2% |
| Operating profit (loss) | 9901 | €527,118 | €661,509 | +€134,391 | +25.5% |
| Financial income | 75/76B | €12,917 | €18,064 | +€5,147 | +39.8% |
| Recurring financial income | 75 | €12,917 | €18,064 | +€5,147 | +39.8% |
| Financial charges | 65/66B | €5,263 | €22,711 | +€17,448 | +332% |
| Recurring financial charges | 65 | €5,263 | €22,711 | +€17,448 | +332% |
| Profit (loss) for the period before taxes | 9903 | €534,773 | €656,862 | +€122,090 | +22.8% |
| Income taxes | 67/77 | €142,418 | €212,112 | +€69,694 | +48.9% |
| Profit (loss) for the period | 9904 | €392,355 | €444,751 | +€52,396 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €392,355 | €444,751 | +€52,396 | +13.4% |
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 16 October 2026 via checked.be.