ER&AL: 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.
ER&AL
Largest movements
- Receivables within one year +€13,591
up €13,591 (+17.9%), from €75,840 to €89,431
of which Other amounts receivable: +€29,783
- Tangible fixed assets -€7,398
down €7,398 (-62.8%), from €11,774 to €4,377
of which Leasing and similar rights: -€7,157
- Tax, wage and social debts +€10,843
up €10,843 (+53.9%), from €20,112 to €30,955
- Current portion of long-term debt -€7,816
no longer reported in 2024 (was €7,816)
- Short-term financial debts +€3,021
new in 2024: €3,021
- Gross operating margin -€37,525
down €37,525 (-64.8%), from €57,913 to €20,388
- Purchases and services +€33,031
up €33,031 (+18.4%), from €179,879 to €212,909
- Taxes -€11,066
down €11,066 (-78.2%), from €14,160 to €3,094
- Turnover -€7,365
down €7,365 (-3.1%), from €237,063 to €229,698
- Staff costs -€7,334
down €7,334 (-65.7%), from €11,161 to €3,827
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,249 | €105,314 | +€7,065 | +7.2% |
| Fixed assets | 21/28 | €11,774 | €4,377 | -€7,398 | -62.8% |
| Tangible fixed assets | 22/27 | €11,774 | €4,377 | -€7,398 | -62.8% |
| Plant, machinery and equipment | 23 | €562 | €322 | -€240 | -42.7% |
| Leasing and similar rights | 25 | €11,213 | €4,055 | -€7,157 | -63.8% |
| Current assets | 29/58 | €86,474 | €100,937 | +€14,463 | +16.7% |
| Amounts receivable within one year | 40/41 | €75,840 | €89,431 | +€13,591 | +17.9% |
| Trade receivables | 40 | €35,450 | €19,258 | -€16,192 | -45.7% |
| Other amounts receivable | 41 | €40,390 | €70,173 | +€29,783 | +73.7% |
| Cash at bank and in hand | 54/58 | €10,634 | €11,506 | +€872 | +8.2% |
| Total equity and liabilities | 10/49 | €98,249 | €105,314 | +€7,065 | +7.2% |
| Equity | 10/15 | €59,231 | €59,654 | +€423 | +0.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,231 | €58,654 | +€423 | +0.7% |
| Amounts payable | 17/49 | €39,018 | €45,660 | +€6,642 | +17.0% |
| Amounts payable after more than one year | 17 | €4,145 | €4,145 | = | 0.0% |
| Financial debts | 170/4 | €4,145 | €4,145 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,873 | €41,515 | +€6,642 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €7,816 | - | -€7,816 | |
| Financial debts | 43 | - | €3,021 | +€3,021 | |
| Credit institutions | 430/8 | - | €3,021 | +€3,021 | |
| Trade debts | 44 | €6,945 | €7,539 | +€593 | +8.5% |
| Suppliers | 440/4 | €6,945 | €7,539 | +€593 | +8.5% |
| Taxes, remuneration and social security | 45 | €20,112 | €30,955 | +€10,843 | +53.9% |
| Taxes | 450/3 | €20,112 | €30,955 | +€10,843 | +53.9% |
| Turnover | 70 | €237,063 | €229,698 | -€7,365 | -3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,879 | €212,909 | +€33,031 | +18.4% |
| Remuneration, social security and pensions | 62 | €11,161 | €3,827 | -€7,334 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,398 | €7,398 | = | 0.0% |
| Other operating charges | 640/8 | €4,586 | €3,752 | -€834 | -18.2% |
| Gross operating margin | 9900 | €57,913 | €20,388 | -€37,525 | -64.8% |
| Operating profit (loss) | 9901 | €34,768 | €5,411 | -€29,357 | -84.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,022 | €1,900 | +€879 | +86.0% |
| Recurring financial charges | 65 | €1,022 | €1,900 | +€879 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €33,746 | €3,517 | -€30,229 | -89.6% |
| Income taxes | 67/77 | €14,160 | €3,094 | -€11,066 | -78.2% |
| Profit (loss) for the period | 9904 | €19,585 | €423 | -€19,162 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,585 | €423 | -€19,162 | -97.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.