ETS Terrain: 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 Terrain
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€5,006
down €5,006 (-29.9%), from -€16,743 to -€21,750
- Other debts +€2,733
up €2,733 (+1.4%), from €191,124 to €193,857
- Purchases and services -€7,017
no longer reported in 2025 (was €7,017)
- Gross operating margin +€4,899
up €4,899 (+69.8%), from -€7,017 to -€2,118
- Other operating charges -€1,787
down €1,787 (-96.5%), from €1,852 to €66
- Financial charges +€245
up €245 (+9.5%), from €2,578 to €2,823
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 | €260,603 | €260,327 | -€277 | -0.1% |
| Current assets | 29/58 | €260,603 | €260,327 | -€277 | -0.1% |
| Stocks and contracts in progress | 3 | €260,314 | €260,314 | = | 0.0% |
| Stocks | 30/36 | €260,314 | €260,314 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €289 | €13 | -€277 | -95.5% |
| Total equity and liabilities | 10/49 | €260,603 | €260,327 | -€277 | -0.1% |
| Equity | 10/15 | -€6,743 | -€11,750 | -€5,006 | -74.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,743 | -€21,750 | -€5,006 | -29.9% |
| Amounts payable | 17/49 | €267,347 | €272,076 | +€4,730 | +1.8% |
| Amounts payable within one year | 42/48 | €267,347 | €272,076 | +€4,730 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €73,500 | €73,500 | = | 0.0% |
| Trade debts | 44 | €2,723 | €4,719 | +€1,997 | +73.3% |
| Suppliers | 440/4 | €2,723 | €4,719 | +€1,997 | +73.3% |
| Other amounts payable | 47/48 | €191,124 | €193,857 | +€2,733 | +1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,017 | - | -€7,017 | |
| Other operating charges | 640/8 | €1,852 | €66 | -€1,787 | -96.5% |
| Gross operating margin | 9900 | -€7,017 | -€2,118 | +€4,899 | +69.8% |
| Operating profit (loss) | 9901 | -€8,869 | -€2,183 | +€6,686 | +75.4% |
| Financial charges | 65/66B | €2,578 | €2,823 | +€245 | +9.5% |
| Recurring financial charges | 65 | €2,578 | €2,823 | +€245 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,447 | -€5,006 | +€6,441 | +56.3% |
| Profit (loss) for the period | 9904 | -€11,447 | -€5,006 | +€6,441 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,447 | -€5,006 | +€6,441 | +56.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.