ETS WANSART: 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 WANSART
Largest movements
- Cash +€368,988
up €368,988 (+120.2%), from €307,063 to €676,050
mainly Current investments (+€325,749) and Net result for the year (+€256,665)
- Current investments -€325,749
down €325,749 (-19.4%), from €1.7m to €1.3m
- Tangible fixed assets -€38,651
down €38,651 (-30.0%), from €128,748 to €90,096
of which Furniture and vehicles: -€38,651
- Tax, wage and social debts -€80,564
down €80,564 (-62.7%), from €128,399 to €47,835
of which Taxes: -€49,706
- Reserves +€45,000
up €45,000 (+5.6%), from €800,533 to €845,533
of which Distributable reserves: +€45,000
- Other debts +€28,231
up €28,231 (+9.8%), from €288,419 to €316,650
- Purchases and services -€140,241
down €140,241 (-4.2%), from €3.4m to €3.2m
- Turnover -€106,440
down €106,440 (-2.7%), from €4.0m to €3.9m
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 | €2,539,954 | €2,546,717 | +€6,762 | +0.3% |
| Fixed assets | 21/28 | €133,816 | €93,570 | -€40,246 | -30.1% |
| Tangible fixed assets | 22/27 | €128,748 | €90,096 | -€38,651 | -30.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €128,748 | €90,096 | -€38,651 | -30.0% |
| Financial fixed assets | 28 | €5,069 | €3,474 | -€1,595 | -31.5% |
| Current assets | 29/58 | €2,406,138 | €2,453,146 | +€47,008 | +2.0% |
| Stocks and contracts in progress | 3 | €296,615 | €299,474 | +€2,858 | +1.0% |
| Stocks | 30/36 | €296,615 | €299,474 | +€2,858 | +1.0% |
| Amounts receivable within one year | 40/41 | €127,460 | €128,246 | +€786 | +0.6% |
| Trade receivables | 40 | €124,543 | €106,314 | -€18,229 | -14.6% |
| Other amounts receivable | 41 | €2,917 | €21,932 | +€19,015 | +651.9% |
| Current investments | 50/53 | €1,675,000 | €1,349,251 | -€325,749 | -19.4% |
| Cash at bank and in hand | 54/58 | €307,063 | €676,050 | +€368,988 | +120.2% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €2,539,954 | €2,546,717 | +€6,762 | +0.3% |
| Equity | 10/15 | €1,788,081 | €1,834,746 | +€46,665 | +2.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €800,533 | €845,533 | +€45,000 | +5.6% |
| Non-distributable reserves | 130/1 | €15,533 | €15,533 | = | 0.0% |
| Legal reserve | 130 | €15,533 | €15,533 | = | 0.0% |
| Distributable reserves | 133 | €785,000 | €830,000 | +€45,000 | +5.7% |
| Profit (loss) carried forward | 14 | €887,548 | €889,213 | +€1,665 | +0.2% |
| Amounts payable | 17/49 | €751,874 | €711,971 | -€39,903 | -5.3% |
| Amounts payable within one year | 42/48 | €751,874 | €711,971 | -€39,903 | -5.3% |
| Trade debts | 44 | €335,056 | €342,351 | +€7,295 | +2.2% |
| Suppliers | 440/4 | €335,056 | €342,351 | +€7,295 | +2.2% |
| Advances received on contracts in progress | 46 | - | €5,135 | +€5,135 | |
| Taxes, remuneration and social security | 45 | €128,399 | €47,835 | -€80,564 | -62.7% |
| Taxes | 450/3 | €58,906 | €9,200 | -€49,706 | -84.4% |
| Remuneration and social security | 454/9 | €69,493 | €38,635 | -€30,858 | -44.4% |
| Other amounts payable | 47/48 | €288,419 | €316,650 | +€28,231 | +9.8% |
| Turnover | 70 | €3,983,569 | €3,877,130 | -€106,440 | -2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,369,989 | €3,229,749 | -€140,241 | -4.2% |
| Remuneration, social security and pensions | 62 | €273,541 | €296,447 | +€22,907 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,132 | €38,651 | +€3,519 | +10.0% |
| Other operating charges | 640/8 | €3,617 | €3,011 | -€606 | -16.8% |
| Gross operating margin | 9900 | €619,195 | €649,521 | +€30,325 | +4.9% |
| Operating profit (loss) | 9901 | €306,905 | €311,411 | +€4,505 | +1.5% |
| Financial income | 75/76B | €46,679 | €62,120 | +€15,441 | +33.1% |
| Recurring financial income | 75 | €46,679 | €62,120 | +€15,441 | +33.1% |
| Financial charges | 65/66B | €9,144 | €3,878 | -€5,266 | -57.6% |
| Recurring financial charges | 65 | €9,144 | €3,878 | -€5,266 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €344,441 | €369,653 | +€25,213 | +7.3% |
| Income taxes | 67/77 | €107,205 | €112,988 | +€5,783 | +5.4% |
| Profit (loss) for the period | 9904 | €237,235 | €256,665 | +€19,430 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €237,235 | €256,665 | +€19,430 | +8.2% |
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 11 October 2026 via checked.be.