ETS TASPINAR: what changed
Two fiscal 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 TASPINAR
Largest movements
- Receivables within one year -€269,113
down €269,113 (-23.3%), from €1.2m to €884,211
of which Trade receivables: -€266,018
- Cash +€50,969
up €50,969 (+35.6%), from €143,203 to €194,172
mainly Receivables within one year (+€269,113) and Other debts (+€57,436)
- Tangible fixed assets -€33,369
down €33,369 (-23.1%), from €144,169 to €110,800
of which Furniture and vehicles: -€32,908
- Trade debts -€275,206
down €275,206 (-38.1%), from €721,410 to €446,204
- Other debts +€57,436
up €57,436 (+39.9%), from €143,853 to €201,289
- Debts after one year -€29,916
down €29,916 (-34.0%), from €88,095 to €58,179
- Tax, wage and social debts -€26,324
down €26,324 (-54.6%), from €48,187 to €21,863
of which Remuneration and social security: -€30,537
- Profit (loss) carried forward +€20,461
up €20,461 (+6.0%), from €343,833 to €364,294
- Staff costs -€167,321
down €167,321 (-24.3%), from €688,798 to €521,477
- Gross operating margin -€162,686
down €162,686 (-21.1%), from €770,530 to €607,844
- Depreciation +€13,378
up €13,378 (+66.9%), from €19,991 to €33,369
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.
Cash bridge derived
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 | €1,472,382 | €1,218,837 | -€253,545 | -17.2% |
| Fixed assets | 21/28 | €144,506 | €111,137 | -€33,369 | -23.1% |
| Tangible fixed assets | 22/27 | €144,169 | €110,800 | -€33,369 | -23.1% |
| Plant, machinery and equipment | 23 | €461 | - | -€461 | |
| Furniture and vehicles | 24 | €143,708 | €110,800 | -€32,908 | -22.9% |
| Financial fixed assets | 28 | €337 | €337 | = | 0.0% |
| Current assets | 29/58 | €1,327,876 | €1,107,700 | -€220,176 | -16.6% |
| Amounts receivable after more than one year | 29 | €14,181 | €14,181 | = | 0.0% |
| Other amounts receivable | 291 | €14,181 | €14,181 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,153,324 | €884,211 | -€269,113 | -23.3% |
| Trade receivables | 40 | €1,092,321 | €826,303 | -€266,018 | -24.4% |
| Other amounts receivable | 41 | €61,003 | €57,908 | -€3,095 | -5.1% |
| Cash at bank and in hand | 54/58 | €143,203 | €194,172 | +€50,969 | +35.6% |
| Deferred charges and accrued income | 490/1 | €17,168 | €15,136 | -€2,032 | -11.8% |
| Total equity and liabilities | 10/49 | €1,472,382 | €1,218,837 | -€253,545 | -17.2% |
| Equity | 10/15 | €440,921 | €461,382 | +€20,461 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,488 | €78,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,628 | €76,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,833 | €364,294 | +€20,461 | +6.0% |
| Amounts payable | 17/49 | €1,031,461 | €757,455 | -€274,006 | -26.6% |
| Amounts payable after more than one year | 17 | €88,095 | €58,179 | -€29,916 | -34.0% |
| Financial debts | 170/4 | €88,095 | €58,179 | -€29,916 | -34.0% |
| Amounts payable within one year | 42/48 | €943,366 | €699,276 | -€244,090 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €29,916 | €29,920 | +€4 | 0.0% |
| Trade debts | 44 | €721,410 | €446,204 | -€275,206 | -38.1% |
| Suppliers | 440/4 | €721,410 | €446,204 | -€275,206 | -38.1% |
| Taxes, remuneration and social security | 45 | €48,187 | €21,863 | -€26,324 | -54.6% |
| Taxes | 450/3 | - | €4,213 | +€4,213 | |
| Remuneration and social security | 454/9 | €48,187 | €17,650 | -€30,537 | -63.4% |
| Other amounts payable | 47/48 | €143,853 | €201,289 | +€57,436 | +39.9% |
| Remuneration, social security and pensions | 62 | €688,798 | €521,477 | -€167,321 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,991 | €33,369 | +€13,378 | +66.9% |
| Other operating charges | 640/8 | €7,193 | €7,397 | +€204 | +2.8% |
| Gross operating margin | 9900 | €770,530 | €607,844 | -€162,686 | -21.1% |
| Operating profit (loss) | 9901 | €54,548 | €45,601 | -€8,947 | -16.4% |
| Financial charges | 65/66B | €1,157 | €836 | -€321 | -27.7% |
| Recurring financial charges | 65 | €1,157 | €836 | -€321 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €53,391 | €44,765 | -€8,626 | -16.2% |
| Income taxes | 67/77 | €19,395 | €24,304 | +€4,909 | +25.3% |
| Profit (loss) for the period | 9904 | €33,996 | €20,461 | -€13,535 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,996 | €20,461 | -€13,535 | -39.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.