ETS Vanwynsberghe: what changed
ETS Vanwynsberghe
Largest movements
- Receivables within one year +€64,934
up €64,934 (+206%), from €31,558 to €96,493
of which Other amounts receivable: +€64,888
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€5,948
down €5,948 (-99.2%), from €5,998 to €49
- Reserves +€8,470
up €8,470 (+18.4%), from €45,984 to €54,454
of which Distributable reserves: +€8,470
- Tax, wage and social debts -€3,356
down €3,356 (-27.9%), from €12,038 to €8,682
- Trade debts +€2,701
up €2,701 (+35.3%), from €7,643 to €10,344
- Gross operating margin +€25,673
up €25,673, from -€8,629 to €17,043
- Financial charges -€2,255
down €2,255 (-58.1%), from €3,877 to €1,623
- Other operating charges -€1,166
down €1,166 (-43.4%), from €2,687 to €1,521
- Taxes +€858
up €858 (+200%), from €430 to €1,288
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,307 | €104,293 | +€8,986 | +9.4% |
| Fixed assets | 21/28 | €5,998 | €49 | -€5,948 | -99.2% |
| Tangible fixed assets | 22/27 | €5,998 | €49 | -€5,948 | -99.2% |
| Furniture and vehicles | 24 | €5,998 | €49 | -€5,948 | -99.2% |
| Current assets | 29/58 | €89,309 | €104,244 | +€14,934 | +16.7% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €31,558 | €96,493 | +€64,934 | +206% |
| Trade receivables | 40 | €2,902 | €2,948 | +€46 | +1.6% |
| Other amounts receivable | 41 | €28,657 | €93,545 | +€64,888 | +226% |
| Current investments | 50/53 | €7,751 | €7,751 | = | 0.0% |
| Total equity and liabilities | 10/49 | €95,307 | €104,293 | +€8,986 | +9.4% |
| Equity | 10/15 | €65,645 | €74,116 | +€8,470 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,984 | €54,454 | +€8,470 | +18.4% |
| 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 | €44,124 | €52,594 | +€8,470 | +19.2% |
| Profit (loss) carried forward | 14 | €1,061 | €1,061 | = | 0.0% |
| Amounts payable | 17/49 | €29,662 | €30,177 | +€516 | +1.7% |
| Amounts payable within one year | 42/48 | €28,735 | €28,939 | +€205 | +0.7% |
| Financial debts | 43 | €6,933 | €6,913 | -€21 | -0.3% |
| Credit institutions | 430/8 | €6,933 | €6,913 | -€21 | -0.3% |
| Trade debts | 44 | €7,643 | €10,344 | +€2,701 | +35.3% |
| Suppliers | 440/4 | €7,643 | €10,344 | +€2,701 | +35.3% |
| Advances received on contracts in progress | 46 | €2,120 | €3,000 | +€880 | +41.5% |
| Taxes, remuneration and social security | 45 | €12,038 | €8,682 | -€3,356 | -27.9% |
| Taxes | 450/3 | €12,038 | €8,682 | -€3,356 | -27.9% |
| Accrued charges and deferred income | 492/3 | €927 | €1,238 | +€311 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,900 | €5,948 | +€48 | +0.8% |
| Other operating charges | 640/8 | €2,687 | €1,521 | -€1,166 | -43.4% |
| Gross operating margin | 9900 | -€8,629 | €17,043 | +€25,673 | |
| Operating profit (loss) | 9901 | -€17,217 | €9,574 | +€26,791 | |
| Financial income | 75/76B | €1,859 | €1,807 | -€52 | -2.8% |
| Recurring financial income | 75 | €1,859 | €1,807 | -€52 | -2.8% |
| Financial charges | 65/66B | €3,877 | €1,623 | -€2,255 | -58.1% |
| Recurring financial charges | 65 | €3,877 | €1,623 | -€2,255 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,235 | €9,758 | +€28,993 | |
| Income taxes | 67/77 | €430 | €1,288 | +€858 | +200% |
| Profit (loss) for the period | 9904 | -€19,665 | €8,470 | +€28,135 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,665 | €8,470 | +€28,135 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.