ETS TRANSPORT: 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 TRANSPORT
Largest movements
- Cash +€15,431
up €15,431 (+98.4%), from €15,674 to €31,105
mainly Depreciation (+€18,327) and Net result for the year (+€11,367)
- Receivables within one year +€8,759
up €8,759 (+20.4%), from €43,008 to €51,766
of which Trade receivables: +€7,543
- Tangible fixed assets +€1,745
up €1,745 (+10.4%), from €16,821 to €18,566
of which Furniture and vehicles: +€17,245
- Profit (loss) carried forward +€11,367
up €11,367 (+21.4%), from €53,240 to €64,608
- Current portion of long-term debt +€8,190
up €8,190 (+479%), from €1,710 to €9,900
- Debts after one year +€6,104
up €6,104 (+167%), from €3,653 to €9,757
- Gross operating margin +€12,781
up €12,781 (+49.8%), from €25,669 to €38,450
- Depreciation -€2,791
down €2,791 (-13.2%), from €21,118 to €18,327
- Taxes +€2,773
up €2,773 (+129%), from €2,153 to €4,926
- Other operating charges -€2,199
down €2,199 (-42.3%), from €5,200 to €3,001
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 | €75,503 | €101,438 | +€25,935 | +34.3% |
| Fixed assets | 21/28 | €16,821 | €18,566 | +€1,745 | +10.4% |
| Tangible fixed assets | 22/27 | €16,821 | €18,566 | +€1,745 | +10.4% |
| Furniture and vehicles | 24 | €1,321 | €18,566 | +€17,245 | +1,305% |
| Leasing and similar rights | 25 | €15,500 | - | -€15,500 | |
| Current assets | 29/58 | €58,682 | €82,872 | +€24,190 | +41.2% |
| Amounts receivable within one year | 40/41 | €43,008 | €51,766 | +€8,759 | +20.4% |
| Trade receivables | 40 | €11,273 | €18,816 | +€7,543 | +66.9% |
| Other amounts receivable | 41 | €31,735 | €32,950 | +€1,215 | +3.8% |
| Cash at bank and in hand | 54/58 | €15,674 | €31,105 | +€15,431 | +98.4% |
| Total equity and liabilities | 10/49 | €75,503 | €101,438 | +€25,935 | +34.3% |
| Equity | 10/15 | €67,500 | €78,868 | +€11,367 | +16.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Contributions outside capital | 11 | €14,260 | €14,260 | = | 0.0% |
| Other | 1109/19 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,240 | €64,608 | +€11,367 | +21.4% |
| Amounts payable | 17/49 | €8,003 | €22,570 | +€14,568 | +182% |
| Amounts payable after more than one year | 17 | €3,653 | €9,757 | +€6,104 | +167% |
| Financial debts | 170/4 | €3,653 | €9,757 | +€6,104 | +167% |
| Amounts payable within one year | 42/48 | €4,350 | €12,814 | +€8,464 | +195% |
| Current portion of amounts payable after more than one year | 42 | €1,710 | €9,900 | +€8,190 | +479% |
| Financial debts | 43 | €2 | €2 | = | 0.0% |
| Credit institutions | 430/8 | €2 | €2 | = | 0.0% |
| Trade debts | 44 | €119 | €365 | +€245 | +206% |
| Suppliers | 440/4 | €119 | €365 | +€245 | +206% |
| Taxes, remuneration and social security | 45 | €2,518 | €2,546 | +€28 | +1.1% |
| Taxes | 450/3 | €2,518 | €2,546 | +€28 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,118 | €18,327 | -€2,791 | -13.2% |
| Other operating charges | 640/8 | €5,200 | €3,001 | -€2,199 | -42.3% |
| Gross operating margin | 9900 | €25,669 | €38,450 | +€12,781 | +49.8% |
| Operating profit (loss) | 9901 | -€648 | €17,123 | +€17,771 | |
| Financial charges | 65/66B | €468 | €830 | +€361 | +77.2% |
| Recurring financial charges | 65 | €468 | €830 | +€361 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,117 | €16,293 | +€17,410 | |
| Income taxes | 67/77 | €2,153 | €4,926 | +€2,773 | +129% |
| Profit (loss) for the period | 9904 | -€3,270 | €11,367 | +€14,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,270 | €11,367 | +€14,637 |
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 20 October 2026 via checked.be.