EHRS: 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.
EHRS
Largest movements
- Stocks and contracts -€119,957
down €119,957 (-56.3%), from €212,980 to €93,023
- Receivables within one year +€97,736
up €97,736 (+42.4%), from €230,488 to €328,224
of which Trade receivables: +€107,077
- Cash -€46,714
down €46,714 (-25.7%), from €181,611 to €134,897
mainly Receivables within one year (-€97,736) and Trade debts (-€75,929)
- Tangible fixed assets -€7,714
down €7,714 (-54.7%), from €14,110 to €6,395
of which Furniture and vehicles: -€8,067
- Trade debts -€75,929
down €75,929 (-25.3%), from €300,562 to €224,633
- Gross operating margin -€50,174
down €50,174 (-11.4%), from €440,882 to €390,707
- Taxes -€14,388
down €14,388 (-60.6%), from €23,759 to €9,370
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 | €660,144 | €584,910 | -€75,234 | -11.4% |
| Fixed assets | 21/28 | €19,020 | €11,305 | -€7,714 | -40.6% |
| Tangible fixed assets | 22/27 | €14,110 | €6,395 | -€7,714 | -54.7% |
| Plant, machinery and equipment | 23 | €1,468 | €1,820 | +€352 | +24.0% |
| Furniture and vehicles | 24 | €12,642 | €4,575 | -€8,067 | -63.8% |
| Financial fixed assets | 28 | €4,910 | €4,910 | = | 0.0% |
| Current assets | 29/58 | €641,124 | €573,605 | -€67,519 | -10.5% |
| Stocks and contracts in progress | 3 | €212,980 | €93,023 | -€119,957 | -56.3% |
| Stocks | 30/36 | €212,980 | €93,023 | -€119,957 | -56.3% |
| Amounts receivable within one year | 40/41 | €230,488 | €328,224 | +€97,736 | +42.4% |
| Trade receivables | 40 | €209,081 | €316,159 | +€107,077 | +51.2% |
| Other amounts receivable | 41 | €21,407 | €12,065 | -€9,342 | -43.6% |
| Cash at bank and in hand | 54/58 | €181,611 | €134,897 | -€46,714 | -25.7% |
| Deferred charges and accrued income | 490/1 | €16,045 | €17,462 | +€1,416 | +8.8% |
| Total equity and liabilities | 10/49 | €660,144 | €584,910 | -€75,234 | -11.4% |
| Equity | 10/15 | €205,655 | €205,692 | +€37 | 0.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €147,532 | €147,532 | = | 0.0% |
| Distributable reserves | 133 | €147,532 | €147,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,123 | €51,161 | +€37 | +0.1% |
| Amounts payable | 17/49 | €454,489 | €379,218 | -€75,271 | -16.6% |
| Amounts payable after more than one year | 17 | €6,362 | €2,391 | -€3,971 | -62.4% |
| Financial debts | 170/4 | €6,362 | €2,391 | -€3,971 | -62.4% |
| Amounts payable within one year | 42/48 | €448,127 | €376,827 | -€71,300 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €3,816 | €3,971 | +€155 | +4.1% |
| Financial debts | 43 | €12,734 | €14,874 | +€2,140 | +16.8% |
| Credit institutions | 430/8 | €12,734 | €14,874 | +€2,140 | +16.8% |
| Trade debts | 44 | €300,562 | €224,633 | -€75,929 | -25.3% |
| Suppliers | 440/4 | €300,562 | €224,633 | -€75,929 | -25.3% |
| Taxes, remuneration and social security | 45 | €130,958 | €133,297 | +€2,339 | +1.8% |
| Taxes | 450/3 | €75,475 | €76,882 | +€1,407 | +1.9% |
| Remuneration and social security | 454/9 | €55,483 | €56,415 | +€932 | +1.7% |
| Other amounts payable | 47/48 | €57 | €53 | -€4 | -7.0% |
| Remuneration, social security and pensions | 62 | €368,574 | €368,511 | -€64 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,086 | €9,041 | -€45 | -0.5% |
| Other operating charges | 640/8 | €2,082 | €2,460 | +€378 | +18.2% |
| Gross operating margin | 9900 | €440,882 | €390,707 | -€50,174 | -11.4% |
| Operating profit (loss) | 9901 | €61,139 | €10,695 | -€50,444 | -82.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,672 | €1,288 | -€384 | -23.0% |
| Recurring financial charges | 65 | €1,672 | €1,288 | -€384 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €59,467 | €9,407 | -€50,060 | -84.2% |
| Income taxes | 67/77 | €23,759 | €9,370 | -€14,388 | -60.6% |
| Profit (loss) for the period | 9904 | €35,708 | €37 | -€35,671 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,708 | €37 | -€35,671 | -99.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.