ERA Concept: 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.
ERA Concept
Largest movements
- Tangible fixed assets +€72,875
up €72,875 (+111%), from €65,495 to €138,370
of which Furniture and vehicles: +€76,672
- Cash -€11,681
down €11,681 (-14.2%), from €82,544 to €70,864
mainly Investment in fixed assets (net) (-€92,551) and Trade debts (-€17,943)
- Receivables within one year -€3,668
down €3,668 (-7.4%), from €49,762 to €46,094
of which Trade receivables: -€10,367
- Debts after one year +€54,907
up €54,907 (+125%), from €43,809 to €98,716
- Trade debts -€17,943
down €17,943 (-66.6%), from €26,961 to €9,018
- Current portion of long-term debt +€13,983
up €13,983 (+172%), from €8,131 to €22,114
- Profit (loss) carried forward +€10,872
up €10,872 (+18.5%), from €58,880 to €69,753
- Other debts -€6,285
down €6,285 (-14.0%), from €44,901 to €38,616
- Staff costs +€40,028
up €40,028 (+56.2%), from €71,254 to €111,282
- Gross operating margin +€33,661
up €33,661 (+29.3%), from €114,982 to €148,643
- Taxes +€3,395
new in 2025: €3,395
- Depreciation +€2,311
up €2,311 (+13.3%), from €17,365 to €19,676
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 | €197,918 | €255,391 | +€57,474 | +29.0% |
| Fixed assets | 21/28 | €65,495 | €138,370 | +€72,875 | +111% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €65,495 | €138,370 | +€72,875 | +111% |
| Land and buildings | 22 | €58,841 | €55,185 | -€3,656 | -6.2% |
| Plant, machinery and equipment | 23 | €911 | €771 | -€140 | -15.4% |
| Furniture and vehicles | 24 | €5,744 | €82,415 | +€76,672 | +1,335% |
| Current assets | 29/58 | €132,423 | €117,021 | -€15,401 | -11.6% |
| Amounts receivable within one year | 40/41 | €49,762 | €46,094 | -€3,668 | -7.4% |
| Trade receivables | 40 | €41,218 | €30,851 | -€10,367 | -25.2% |
| Other amounts receivable | 41 | €8,544 | €15,243 | +€6,699 | +78.4% |
| Cash at bank and in hand | 54/58 | €82,544 | €70,864 | -€11,681 | -14.2% |
| Deferred charges and accrued income | 490/1 | €117 | €64 | -€53 | -45.5% |
| Total equity and liabilities | 10/49 | €197,918 | €255,391 | +€57,474 | +29.0% |
| Equity | 10/15 | €66,940 | €77,813 | +€10,872 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,880 | €69,753 | +€10,872 | +18.5% |
| Amounts payable | 17/49 | €130,977 | €177,579 | +€46,602 | +35.6% |
| Amounts payable after more than one year | 17 | €43,809 | €98,716 | +€54,907 | +125% |
| Financial debts | 170/4 | €43,809 | €98,716 | +€54,907 | +125% |
| Amounts payable within one year | 42/48 | €87,132 | €78,591 | -€8,542 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €8,131 | €22,114 | +€13,983 | +172% |
| Financial debts | 43 | €3,000 | €0 | -€3,000 | -100% |
| Credit institutions | 430/8 | €3,000 | €0 | -€3,000 | -100% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €26,961 | €9,018 | -€17,943 | -66.6% |
| Suppliers | 440/4 | €26,961 | €9,018 | -€17,943 | -66.6% |
| Taxes, remuneration and social security | 45 | €4,140 | €8,844 | +€4,704 | +114% |
| Taxes | 450/3 | €796 | €996 | +€200 | +25.1% |
| Remuneration and social security | 454/9 | €3,344 | €7,848 | +€4,504 | +135% |
| Other amounts payable | 47/48 | €44,901 | €38,616 | -€6,285 | -14.0% |
| Accrued charges and deferred income | 492/3 | €36 | €272 | +€236 | +664% |
| Remuneration, social security and pensions | 62 | €71,254 | €111,282 | +€40,028 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,365 | €19,676 | +€2,311 | +13.3% |
| Other operating charges | 640/8 | €1,988 | €1,011 | -€977 | -49.1% |
| Gross operating margin | 9900 | €114,982 | €148,643 | +€33,661 | +29.3% |
| Operating profit (loss) | 9901 | €24,376 | €16,674 | -€7,702 | -31.6% |
| Financial income | 75/76B | €370 | €945 | +€575 | +155% |
| Recurring financial income | 75 | €370 | €945 | +€575 | +155% |
| Financial charges | 65/66B | €4,378 | €3,352 | -€1,026 | -23.4% |
| Recurring financial charges | 65 | €4,378 | €3,352 | -€1,026 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €20,368 | €14,267 | -€6,101 | -30.0% |
| Income taxes | 67/77 | - | €3,395 | +€3,395 | |
| Profit (loss) for the period | 9904 | €20,368 | €10,872 | -€9,496 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,368 | €10,872 | -€9,496 | -46.6% |
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 13 October 2026 via checked.be.