ER LAW: 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 LAW
Largest movements
- Cash +€70,696
up €70,696 (+3180.9%), from €2,222 to €72,918
mainly Net result for the year (+€64,561) and Deferred charges and accrued income (+€40,184)
- Deferred charges and accrued income -€40,184
down €40,184 (-90.7%), from €44,284 to €4,100
- Tangible fixed assets +€18,575
new in 2025: €18,575
- Receivables within one year +€12,480
up €12,480 (+702.1%), from €1,778 to €14,258
- Formation expenses -€1,155
down €1,155 (-100.0%), from €1,155 to €0
- Profit (loss) carried forward +€64,561
up €64,561 (+197.9%), from €32,615 to €97,176
- Tax, wage and social debts -€4,262
down €4,262 (-39.2%), from €10,872 to €6,609
of which Taxes: -€10,872
- Accrued charges and deferred income -€1,490
down €1,490 (-76.3%), from €1,953 to €463
- Gross operating margin +€58,486
up €58,486 (+134.3%), from €43,534 to €102,020
- Taxes +€15,971
up €15,971 (+146.9%), from €10,872 to €26,842
- Depreciation +€6,889
up €6,889 (+14496.4%), from €48 to €6,936
- Staff costs +€2,002
new in 2025: €2,002
- Other operating charges +€1,536
new in 2025: €1,536
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 | €49,439 | €109,851 | +€60,412 | +122.2% |
| Formation expenses | 20 | €1,155 | €0 | -€1,155 | -100.0% |
| Fixed assets | 21/28 | - | €18,575 | +€18,575 | |
| Tangible fixed assets | 22/27 | - | €18,575 | +€18,575 | |
| Furniture and vehicles | 24 | - | €18,575 | +€18,575 | |
| Current assets | 29/58 | €48,284 | €91,276 | +€42,992 | +89.0% |
| Amounts receivable within one year | 40/41 | €1,778 | €14,258 | +€12,480 | +702.1% |
| Other amounts receivable | 41 | €1,778 | €14,258 | +€12,480 | +702.1% |
| Cash at bank and in hand | 54/58 | €2,222 | €72,918 | +€70,696 | +3180.9% |
| Deferred charges and accrued income | 490/1 | €44,284 | €4,100 | -€40,184 | -90.7% |
| Total equity and liabilities | 10/49 | €49,439 | €109,851 | +€60,412 | +122.2% |
| Equity | 10/15 | €36,615 | €101,176 | +€64,561 | +176.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,615 | €97,176 | +€64,561 | +197.9% |
| Amounts payable | 17/49 | €12,824 | €8,675 | -€4,149 | -32.4% |
| Amounts payable within one year | 42/48 | €10,872 | €8,212 | -€2,659 | -24.5% |
| Trade debts | 44 | €0 | €510 | +€510 | |
| Suppliers | 440/4 | €0 | €510 | +€510 | |
| Taxes, remuneration and social security | 45 | €10,872 | €6,609 | -€4,262 | -39.2% |
| Taxes | 450/3 | €10,872 | €0 | -€10,872 | -100.0% |
| Remuneration and social security | 454/9 | - | €6,609 | +€6,609 | |
| Other amounts payable | 47/48 | - | €1,093 | +€1,093 | |
| Accrued charges and deferred income | 492/3 | €1,953 | €463 | -€1,490 | -76.3% |
| Remuneration, social security and pensions | 62 | - | €2,002 | +€2,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | €6,936 | +€6,889 | +14496.4% |
| Other operating charges | 640/8 | - | €1,536 | +€1,536 | |
| Gross operating margin | 9900 | €43,534 | €102,020 | +€58,486 | +134.3% |
| Operating profit (loss) | 9901 | €43,487 | €91,546 | +€48,059 | +110.5% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | - | €244 | +€244 | |
| Recurring financial charges | 65 | - | €244 | +€244 | |
| Profit (loss) for the period before taxes | 9903 | €43,487 | €91,403 | +€47,917 | +110.2% |
| Income taxes | 67/77 | €10,872 | €26,842 | +€15,971 | +146.9% |
| Profit (loss) for the period | 9904 | €32,615 | €64,561 | +€31,946 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,615 | €64,561 | +€31,946 | +97.9% |
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 9 October 2026 via checked.be.