ER-IZ GROUP: 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-IZ GROUP
Largest movements
- Receivables within one year +€11,783
up €11,783 (+313%), from €3,762 to €15,545
of which Trade receivables: +€10,812
- Tangible fixed assets +€1,216
new in 2025: €1,216
- Deferred charges and accrued income -€1,091
down €1,091 (-51.0%), from €2,138 to €1,047
- Cash +€837
up €837 (+26.6%), from €3,151 to €3,988
mainly Other debts (+€13,652) and Net result for the year (+€1,302)
- Other debts +€13,652
up €13,652 (+113%), from €12,107 to €25,759
- Trade debts -€2,209
down €2,209 (-71.1%), from €3,106 to €897
- Profit (loss) carried forward +€1,302
up €1,302 (+9.4%), from -€13,862 to -€12,560
- Gross operating margin +€23,796
up €23,796, from -€19,340 to €4,456
- Financial charges +€1,285
up €1,285 (+131%), from €980 to €2,265
of which Non-recurring financial charges: +€1,311
- Other operating charges +€234
up €234 (+36.1%), from €648 to €882
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 | €9,051 | €21,796 | +€12,745 | +141% |
| Fixed assets | 21/28 | - | €1,216 | +€1,216 | |
| Tangible fixed assets | 22/27 | - | €1,216 | +€1,216 | |
| Furniture and vehicles | 24 | - | €1,216 | +€1,216 | |
| Current assets | 29/58 | €9,051 | €20,580 | +€11,529 | +127% |
| Amounts receivable within one year | 40/41 | €3,762 | €15,545 | +€11,783 | +313% |
| Trade receivables | 40 | €3,600 | €14,412 | +€10,812 | +300% |
| Other amounts receivable | 41 | €162 | €1,133 | +€971 | +599% |
| Cash at bank and in hand | 54/58 | €3,151 | €3,988 | +€837 | +26.6% |
| Deferred charges and accrued income | 490/1 | €2,138 | €1,047 | -€1,091 | -51.0% |
| Total equity and liabilities | 10/49 | €9,051 | €21,796 | +€12,745 | +141% |
| Equity | 10/15 | -€7,662 | -€6,360 | +€1,302 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,862 | -€12,560 | +€1,302 | +9.4% |
| Amounts payable | 17/49 | €16,713 | €28,156 | +€11,443 | +68.5% |
| Amounts payable within one year | 42/48 | €16,713 | €28,156 | +€11,443 | +68.5% |
| Trade debts | 44 | €3,106 | €897 | -€2,209 | -71.1% |
| Suppliers | 440/4 | €3,106 | €897 | -€2,209 | -71.1% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €12,107 | €25,759 | +€13,652 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7 | +€7 | |
| Other operating charges | 640/8 | €648 | €882 | +€234 | +36.1% |
| Gross operating margin | 9900 | -€19,340 | €4,456 | +€23,796 | |
| Operating profit (loss) | 9901 | -€19,988 | €3,567 | +€23,555 | |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €980 | €2,265 | +€1,285 | +131% |
| Recurring financial charges | 65 | €33 | €7 | -€26 | -78.8% |
| Non-recurring financial charges | 66B | €947 | €2,258 | +€1,311 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€20,908 | €1,302 | +€22,210 | |
| Profit (loss) for the period | 9904 | -€20,908 | €1,302 | +€22,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,908 | €1,302 | +€22,210 |
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 26 October 2026 via checked.be.