ER Technics: 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 Technics
Largest movements
- Tangible fixed assets +€90,843
up €90,843 (+52.6%), from €172,779 to €263,622
of which Land and buildings: +€65,307
- Receivables within one year -€28,065
down €28,065 (-65.9%), from €42,588 to €14,523
of which Other amounts receivable: -€27,638
- Cash -€9,236
down €9,236 (-43.9%), from €21,029 to €11,793
mainly Investment in fixed assets (net) (-€114,245) and Trade debts (-€1,233)
- Debts after one year +€22,782
up €22,782 (+13.7%), from €166,624 to €189,406
- Reserves +€21,186
up €21,186 (+55.3%), from €38,291 to €59,477
- Current portion of long-term debt +€7,418
up €7,418 (+106.6%), from €6,956 to €14,374
- Other debts +€3,389
up €3,389 (+25.4%), from €13,338 to €16,727
- Gross operating margin +€33,287
up €33,287 (+114.6%), from €29,050 to €62,337
- Depreciation +€12,043
up €12,043 (+106.0%), from €11,359 to €23,402
- Financial charges +€6,447
up €6,447 (+304.0%), from €2,121 to €8,568
- Taxes -€1,168
down €1,168 (-14.7%), from €7,968 to €6,800
- Other operating charges +€722
up €722 (+43.5%), from €1,659 to €2,381
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 | €236,396 | €289,938 | +€53,542 | +22.6% |
| Fixed assets | 21/28 | €172,779 | €263,622 | +€90,843 | +52.6% |
| Tangible fixed assets | 22/27 | €172,779 | €263,622 | +€90,843 | +52.6% |
| Land and buildings | 22 | €141,864 | €207,171 | +€65,307 | +46.0% |
| Furniture and vehicles | 24 | €30,915 | €56,451 | +€25,536 | +82.6% |
| Current assets | 29/58 | €63,617 | €26,316 | -€37,301 | -58.6% |
| Amounts receivable within one year | 40/41 | €42,588 | €14,523 | -€28,065 | -65.9% |
| Trade receivables | 40 | €9,066 | €8,639 | -€427 | -4.7% |
| Other amounts receivable | 41 | €33,522 | €5,884 | -€27,638 | -82.4% |
| Cash at bank and in hand | 54/58 | €21,029 | €11,793 | -€9,236 | -43.9% |
| Total equity and liabilities | 10/49 | €236,396 | €289,938 | +€53,542 | +22.6% |
| Equity | 10/15 | €40,791 | €61,977 | +€21,186 | +51.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,291 | €59,477 | +€21,186 | +55.3% |
| Distributable reserves | 133 | €38,291 | €59,477 | +€21,186 | +55.3% |
| Amounts payable | 17/49 | €195,605 | €227,961 | +€32,356 | +16.5% |
| Amounts payable after more than one year | 17 | €166,624 | €189,406 | +€22,782 | +13.7% |
| Financial debts | 170/4 | €166,624 | €189,406 | +€22,782 | +13.7% |
| Amounts payable within one year | 42/48 | €28,981 | €38,555 | +€9,574 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €6,956 | €14,374 | +€7,418 | +106.6% |
| Trade debts | 44 | €6,687 | €5,454 | -€1,233 | -18.4% |
| Suppliers | 440/4 | €6,687 | €5,454 | -€1,233 | -18.4% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,338 | €16,727 | +€3,389 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,359 | €23,402 | +€12,043 | +106.0% |
| Other operating charges | 640/8 | €1,659 | €2,381 | +€722 | +43.5% |
| Gross operating margin | 9900 | €29,050 | €62,337 | +€33,287 | +114.6% |
| Operating profit (loss) | 9901 | €16,032 | €36,554 | +€20,522 | +128.0% |
| Financial charges | 65/66B | €2,121 | €8,568 | +€6,447 | +304.0% |
| Recurring financial charges | 65 | €2,121 | €8,568 | +€6,447 | +304.0% |
| Profit (loss) for the period before taxes | 9903 | €13,911 | €27,986 | +€14,075 | +101.2% |
| Income taxes | 67/77 | €7,968 | €6,800 | -€1,168 | -14.7% |
| Profit (loss) for the period | 9904 | €5,943 | €21,186 | +€15,243 | +256.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,943 | €21,186 | +€15,243 | +256.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.