ER GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Stocks and contracts +€28,140
new in 2025: €28,140
- Receivables within one year +€4,672
up €4,672 (+51.4%), from €9,091 to €13,763
of which Trade receivables: +€2,948
- Cash -€4,575
down €4,575 (-60.0%), from €7,618 to €3,044
mainly Stocks and contracts (-€28,140) and Receivables within one year (-€4,672)
- Trade debts +€25,661
up €25,661 (+1482.9%), from €1,731 to €27,391
- Profit (loss) carried forward +€2,370
up €2,370 (+99.5%), from €2,383 to €4,753
- Gross operating margin -€2,077
down €2,077 (-31.6%), from €6,566 to €4,489
- Taxes +€940
new in 2025: €940
- Other operating charges -€160
down €160 (-15.9%), from €1,008 to €848
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 | €16,709 | €44,947 | +€28,238 | +169.0% |
| Current assets | 29/58 | €16,709 | €44,947 | +€28,238 | +169.0% |
| Stocks and contracts in progress | 3 | - | €28,140 | +€28,140 | |
| Stocks | 30/36 | - | €28,140 | +€28,140 | |
| Amounts receivable within one year | 40/41 | €9,091 | €13,763 | +€4,672 | +51.4% |
| Trade receivables | 40 | €8,904 | €11,852 | +€2,948 | +33.1% |
| Other amounts receivable | 41 | €187 | €1,911 | +€1,724 | +921.9% |
| Cash at bank and in hand | 54/58 | €7,618 | €3,044 | -€4,575 | -60.0% |
| Total equity and liabilities | 10/49 | €16,709 | €44,947 | +€28,238 | +169.0% |
| Equity | 10/15 | €14,783 | €17,153 | +€2,370 | +16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,383 | €4,753 | +€2,370 | +99.5% |
| Amounts payable | 17/49 | €1,926 | €27,793 | +€25,867 | +1342.8% |
| Amounts payable within one year | 42/48 | €1,926 | €27,793 | +€25,867 | +1342.8% |
| Trade debts | 44 | €1,731 | €27,391 | +€25,661 | +1482.9% |
| Suppliers | 440/4 | €1,731 | €27,391 | +€25,661 | +1482.9% |
| Taxes, remuneration and social security | 45 | €196 | €402 | +€206 | +105.2% |
| Taxes | 450/3 | €196 | €402 | +€206 | +105.2% |
| Other operating charges | 640/8 | €1,008 | €848 | -€160 | -15.9% |
| Gross operating margin | 9900 | €6,566 | €4,489 | -€2,077 | -31.6% |
| Operating profit (loss) | 9901 | €5,558 | €3,641 | -€1,917 | -34.5% |
| Financial charges | 65/66B | €330 | €330 | = | 0.0% |
| Recurring financial charges | 65 | €330 | €330 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,228 | €3,311 | -€1,917 | -36.7% |
| Income taxes | 67/77 | - | €940 | +€940 | |
| Profit (loss) for the period | 9904 | €5,228 | €2,370 | -€2,858 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,228 | €2,370 | -€2,858 | -54.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.