E.R.S. TELECOM: 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.
E.R.S. TELECOM
Largest movements
- Cash +€17,668
up €17,668 (+11.6%), from €152,590 to €170,259
mainly Other debts (+€29,642) and Depreciation (+€18,863)
- Tangible fixed assets -€13,928
down €13,928 (-32.3%), from €43,179 to €29,251
of which Furniture and vehicles: -€10,402
- Receivables within one year -€11,216
down €11,216 (-48.8%), from €22,981 to €11,765
of which Other amounts receivable: -€8,282
- Stocks and contracts -€5,327
down €5,327 (-9.8%), from €54,183 to €48,856
- Contributions -€42,300
down €42,300 (-77.3%), from €54,700 to €12,400
- Other debts +€29,642
up €29,642 (+170%), from €17,412 to €47,053
- Tax, wage and social debts +€4,808
up €4,808 (+16,080%), from €30 to €4,838
- Current portion of long-term debt -€3,709
down €3,709 (-57.3%), from €6,477 to €2,767
- Debts after one year -€2,767
down €2,767 (-83.2%), from €3,328 to €561
- Depreciation +€1,749
up €1,749 (+10.2%), from €17,115 to €18,863
- Write-downs +€1,297
up €1,297, from €0 to €1,297
- Gross operating margin -€1,287
down €1,287 (-5.3%), from €24,365 to €23,078
- Taxes -€829
down €829 (-47.3%), from €1,753 to €924
- Financial income +€725
up €725 (+86.9%), from €834 to €1,559
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 | €275,390 | €261,265 | -€14,124 | -5.1% |
| Fixed assets | 21/28 | €44,979 | €29,251 | -€15,728 | -35.0% |
| Tangible fixed assets | 22/27 | €43,179 | €29,251 | -€13,928 | -32.3% |
| Plant, machinery and equipment | 23 | €4,780 | €1,808 | -€2,972 | -62.2% |
| Furniture and vehicles | 24 | €35,063 | €24,662 | -€10,402 | -29.7% |
| Other tangible fixed assets | 26 | €3,335 | €2,781 | -€554 | -16.6% |
| Financial fixed assets | 28 | €1,800 | €0 | -€1,800 | -100% |
| Current assets | 29/58 | €230,410 | €232,014 | +€1,604 | +0.7% |
| Stocks and contracts in progress | 3 | €54,183 | €48,856 | -€5,327 | -9.8% |
| Stocks | 30/36 | €54,183 | €48,856 | -€5,327 | -9.8% |
| Amounts receivable within one year | 40/41 | €22,981 | €11,765 | -€11,216 | -48.8% |
| Trade receivables | 40 | €8,190 | €5,256 | -€2,934 | -35.8% |
| Other amounts receivable | 41 | €14,791 | €6,510 | -€8,282 | -56.0% |
| Cash at bank and in hand | 54/58 | €152,590 | €170,259 | +€17,668 | +11.6% |
| Deferred charges and accrued income | 490/1 | €655 | €1,134 | +€478 | +73.0% |
| Total equity and liabilities | 10/49 | €275,390 | €261,265 | -€14,124 | -5.1% |
| Equity | 10/15 | €242,238 | €200,709 | -€41,529 | -17.1% |
| Contributions | 10/11 | €54,700 | €12,400 | -€42,300 | -77.3% |
| Reserves | 13 | €186,406 | €188,309 | +€1,903 | +1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €186,406 | €188,309 | +€1,903 | +1.0% |
| Profit (loss) carried forward | 14 | €1,132 | €0 | -€1,132 | -100% |
| Amounts payable | 17/49 | €33,152 | €60,556 | +€27,405 | +82.7% |
| Amounts payable after more than one year | 17 | €3,328 | €561 | -€2,767 | -83.2% |
| Financial debts | 170/4 | €3,328 | €561 | -€2,767 | -83.2% |
| Amounts payable within one year | 42/48 | €29,824 | €59,795 | +€29,971 | +100% |
| Current portion of amounts payable after more than one year | 42 | €6,477 | €2,767 | -€3,709 | -57.3% |
| Trade debts | 44 | €5,906 | €5,137 | -€769 | -13.0% |
| Suppliers | 440/4 | €5,906 | €5,137 | -€769 | -13.0% |
| Taxes, remuneration and social security | 45 | €30 | €4,838 | +€4,808 | +16,080% |
| Taxes | 450/3 | €30 | €4,838 | +€4,808 | +16,080% |
| Other amounts payable | 47/48 | €17,412 | €47,053 | +€29,642 | +170% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,115 | €18,863 | +€1,749 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,297 | +€1,297 | |
| Other operating charges | 640/8 | €1,136 | €1,773 | +€637 | +56.0% |
| Gross operating margin | 9900 | €24,365 | €23,078 | -€1,287 | -5.3% |
| Operating profit (loss) | 9901 | €6,114 | €1,145 | -€4,970 | -81.3% |
| Financial income | 75/76B | €834 | €1,559 | +€725 | +86.9% |
| Recurring financial income | 75 | €834 | €1,559 | +€725 | +86.9% |
| Financial charges | 65/66B | €921 | €1,009 | +€88 | +9.6% |
| Recurring financial charges | 65 | €921 | €1,009 | +€88 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €6,028 | €1,695 | -€4,333 | -71.9% |
| Income taxes | 67/77 | €1,753 | €924 | -€829 | -47.3% |
| Profit (loss) for the period | 9904 | €4,275 | €771 | -€3,504 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,275 | €771 | -€3,504 | -82.0% |
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 25 October 2026 via checked.be.