ER Holding: 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 Holding
Largest movements
- Financial fixed assets +€750,000
new in 2025: €750,000
- Receivables within one year +€86,350
up €86,350 (+259%), from €33,400 to €119,750
of which Other amounts receivable: +€57,240
- Cash +€37,255
up €37,255 (+798%), from €4,670 to €41,925
mainly Debts after one year (+€649,527) and Net result for the year (+€135,672)
- Debts after one year +€649,527
new in 2025: €649,527
- Reserves +€135,672
up €135,672 (+733%), from €18,521 to €154,193
- Current portion of long-term debt +€67,649
new in 2025: €67,649
- Tax, wage and social debts +€21,689
up €21,689 (+203%), from €10,706 to €32,395
of which Taxes: +€23,189
- Gross operating margin +€79,053
up €79,053 (+312%), from €25,305 to €104,358
- Financial income +€75,634
up €75,634 (+3,898,649%), from €2 to €75,636
- Financial charges +€21,078
up €21,078 (+12,361%), from €171 to €21,248
- Taxes +€16,449
up €16,449 (+332%), from €4,950 to €21,400
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 | €38,070 | €911,675 | +€873,605 | +2,295% |
| Fixed assets | 21/28 | - | €750,000 | +€750,000 | |
| Financial fixed assets | 28 | - | €750,000 | +€750,000 | |
| Current assets | 29/58 | €38,070 | €161,675 | +€123,605 | +325% |
| Amounts receivable within one year | 40/41 | €33,400 | €119,750 | +€86,350 | +259% |
| Trade receivables | 40 | €8,400 | €37,510 | +€29,110 | +347% |
| Other amounts receivable | 41 | €25,000 | €82,240 | +€57,240 | +229% |
| Cash at bank and in hand | 54/58 | €4,670 | €41,925 | +€37,255 | +798% |
| Total equity and liabilities | 10/49 | €38,070 | €911,675 | +€873,605 | +2,295% |
| Equity | 10/15 | €23,521 | €159,193 | +€135,672 | +577% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,521 | €154,193 | +€135,672 | +733% |
| Distributable reserves | 133 | €18,521 | €154,193 | +€135,672 | +733% |
| Amounts payable | 17/49 | €14,549 | €752,482 | +€737,933 | +5,072% |
| Amounts payable after more than one year | 17 | - | €649,527 | +€649,527 | |
| Financial debts | 170/4 | - | €649,527 | +€649,527 | |
| Amounts payable within one year | 42/48 | €14,549 | €102,955 | +€88,406 | +608% |
| Current portion of amounts payable after more than one year | 42 | - | €67,649 | +€67,649 | |
| Trade debts | 44 | €842 | €1,437 | +€595 | +70.6% |
| Suppliers | 440/4 | €842 | €1,437 | +€595 | +70.6% |
| Taxes, remuneration and social security | 45 | €10,706 | €32,395 | +€21,689 | +203% |
| Taxes | 450/3 | €9,206 | €32,395 | +€23,189 | +252% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €3,000 | €1,473 | -€1,527 | -50.9% |
| Other operating charges | 640/8 | €1,664 | €1,674 | +€10 | +0.6% |
| Gross operating margin | 9900 | €25,305 | €104,358 | +€79,053 | +312% |
| Operating profit (loss) | 9901 | €23,640 | €102,684 | +€79,044 | +334% |
| Financial income | 75/76B | €2 | €75,636 | +€75,634 | +3,898,649% |
| Recurring financial income | 75 | €2 | €75,636 | +€75,634 | +3,898,649% |
| Financial charges | 65/66B | €171 | €21,248 | +€21,078 | +12,361% |
| Recurring financial charges | 65 | €171 | €21,248 | +€21,078 | +12,361% |
| Profit (loss) for the period before taxes | 9903 | €23,472 | €157,071 | +€133,600 | +569% |
| Income taxes | 67/77 | €4,950 | €21,400 | +€16,449 | +332% |
| Profit (loss) for the period | 9904 | €18,521 | €135,672 | +€117,151 | +633% |
| Profit (loss) for the period to be appropriated | 9905 | €18,521 | €135,672 | +€117,151 | +633% |
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 17 October 2026 via checked.be.