ER-TEK: 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-TEK
Largest movements
- Tangible fixed assets -€1,768
down €1,768 (-13.6%), from €12,991 to €11,224
of which Furniture and vehicles: -€3,193
- Deferred charges and accrued income +€1,498
up €1,498 (+4,028%), from €37 to €1,535
- Receivables within one year +€1,448
up €1,448 (+66.8%), from €2,168 to €3,616
of which Trade receivables: +€2,887
- Stocks and contracts +€250
up €250 (+71.4%), from €350 to €600
- Profit (loss) carried forward +€4,680
up €4,680 (+59.6%), from €7,860 to €12,540
- Other debts -€2,868
down €2,868 (-50.2%), from €5,717 to €2,849
- Tax, wage and social debts -€923
down €923 (-20.5%), from €4,497 to €3,574
of which Taxes: -€1,023
- Trade debts +€641
up €641 (+22.5%), from €2,847 to €3,489
- Gross operating margin -€3,697
down €3,697 (-24.6%), from €15,048 to €11,351
- Taxes -€618
down €618 (-30.5%), from €2,024 to €1,406
- Other operating charges +€424
up €424 (+380%), from €112 to €535
- Depreciation -€420
down €420 (-8.3%), from €5,038 to €4,618
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 | €22,921 | €24,452 | +€1,531 | +6.7% |
| Fixed assets | 21/28 | €12,991 | €11,224 | -€1,768 | -13.6% |
| Tangible fixed assets | 22/27 | €12,991 | €11,224 | -€1,768 | -13.6% |
| Plant, machinery and equipment | 23 | €1,550 | €2,975 | +€1,425 | +92.0% |
| Furniture and vehicles | 24 | €11,442 | €8,249 | -€3,193 | -27.9% |
| Current assets | 29/58 | €9,930 | €13,228 | +€3,299 | +33.2% |
| Stocks and contracts in progress | 3 | €350 | €600 | +€250 | +71.4% |
| Stocks | 30/36 | €350 | €600 | +€250 | +71.4% |
| Amounts receivable within one year | 40/41 | €2,168 | €3,616 | +€1,448 | +66.8% |
| Trade receivables | 40 | - | €2,887 | +€2,887 | |
| Other amounts receivable | 41 | €2,168 | €730 | -€1,439 | -66.4% |
| Cash at bank and in hand | 54/58 | €7,374 | €7,477 | +€102 | +1.4% |
| Deferred charges and accrued income | 490/1 | €37 | €1,535 | +€1,498 | +4,028% |
| Total equity and liabilities | 10/49 | €22,921 | €24,452 | +€1,531 | +6.7% |
| Equity | 10/15 | €9,860 | €14,540 | +€4,680 | +47.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,860 | €12,540 | +€4,680 | +59.6% |
| Amounts payable | 17/49 | €13,062 | €9,912 | -€3,150 | -24.1% |
| Amounts payable within one year | 42/48 | €13,062 | €9,912 | -€3,150 | -24.1% |
| Trade debts | 44 | €2,847 | €3,489 | +€641 | +22.5% |
| Suppliers | 440/4 | €2,847 | €3,489 | +€641 | +22.5% |
| Taxes, remuneration and social security | 45 | €4,497 | €3,574 | -€923 | -20.5% |
| Taxes | 450/3 | €3,047 | €2,024 | -€1,023 | -33.6% |
| Remuneration and social security | 454/9 | €1,450 | €1,550 | +€100 | +6.9% |
| Other amounts payable | 47/48 | €5,717 | €2,849 | -€2,868 | -50.2% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,038 | €4,618 | -€420 | -8.3% |
| Other operating charges | 640/8 | €112 | €535 | +€424 | +380% |
| Gross operating margin | 9900 | €15,048 | €11,351 | -€3,697 | -24.6% |
| Operating profit (loss) | 9901 | €9,899 | €6,198 | -€3,701 | -37.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +82.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +82.4% |
| Financial charges | 65/66B | €15 | €111 | +€96 | +625% |
| Recurring financial charges | 65 | €15 | €111 | +€96 | +625% |
| Profit (loss) for the period before taxes | 9903 | €9,884 | €6,087 | -€3,797 | -38.4% |
| Income taxes | 67/77 | €2,024 | €1,406 | -€618 | -30.5% |
| Profit (loss) for the period | 9904 | €7,860 | €4,680 | -€3,179 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,860 | €4,680 | -€3,179 | -40.4% |
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.