ERA La Clé: 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 La Clé
Largest movements
- Receivables within one year -€19,205
down €19,205 (-34.7%), from €55,314 to €36,109
of which Trade receivables: -€19,205
- Cash -€18,470
down €18,470 (-46.4%), from €39,791 to €21,321
mainly Other debts (-€88,103) and Advances received (-€29,274)
- Deferred charges and accrued income +€8,626
up €8,626 (+137%), from €6,287 to €14,913
- Intangible fixed assets -€6,708
down €6,708 (-59.6%), from €11,248 to €4,539
- Tangible fixed assets -€4,851
down €4,851 (-35.5%), from €13,658 to €8,806
of which Other tangible fixed assets: -€2,578
- Other debts -€88,103
down €88,103 (-41.3%), from €213,169 to €125,066
- Trade debts +€30,069
up €30,069 (+28.0%), from €107,391 to €137,460
- Advances received -€29,274
down €29,274 (-94.7%), from €30,917 to €1,643
- Debts after one year +€25,016
up €25,016 (+148%), from €16,847 to €41,863
of which Other amounts payable: +€40,434
- Short-term financial debts +€22,394
new in 2025: €22,394
- Gross operating margin +€86,758
up €86,758 (+80.6%), from €107,574 to €194,331
- Staff costs +€61,797
up €61,797 (+64.9%), from €95,243 to €157,040
- Financial charges -€9,258
down €9,258 (-28.2%), from €32,837 to €23,579
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 | €133,797 | €93,189 | -€40,608 | -30.4% |
| Fixed assets | 21/28 | €32,406 | €20,846 | -€11,560 | -35.7% |
| Intangible fixed assets | 21 | €11,248 | €4,539 | -€6,708 | -59.6% |
| Tangible fixed assets | 22/27 | €13,658 | €8,806 | -€4,851 | -35.5% |
| Furniture and vehicles | 24 | €8,028 | €5,755 | -€2,274 | -28.3% |
| Other tangible fixed assets | 26 | €5,629 | €3,052 | -€2,578 | -45.8% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €101,392 | €72,343 | -€29,048 | -28.6% |
| Amounts receivable within one year | 40/41 | €55,314 | €36,109 | -€19,205 | -34.7% |
| Trade receivables | 40 | €29,278 | €10,074 | -€19,205 | -65.6% |
| Other amounts receivable | 41 | €26,035 | €26,035 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,791 | €21,321 | -€18,470 | -46.4% |
| Deferred charges and accrued income | 490/1 | €6,287 | €14,913 | +€8,626 | +137% |
| Total equity and liabilities | 10/49 | €133,797 | €93,189 | -€40,608 | -30.4% |
| Equity | 10/15 | -€301,932 | -€306,808 | -€4,876 | -1.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,932 | -€346,808 | -€4,876 | -1.4% |
| Amounts payable | 17/49 | €435,729 | €399,997 | -€35,732 | -8.2% |
| Amounts payable after more than one year | 17 | €16,847 | €41,863 | +€25,016 | +148% |
| Financial debts | 170/4 | €16,847 | €1,429 | -€15,418 | -91.5% |
| Other amounts payable | 178/9 | - | €40,434 | +€40,434 | |
| Amounts payable within one year | 42/48 | €411,847 | €340,438 | -€71,409 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €16,428 | €15,418 | -€1,010 | -6.1% |
| Financial debts | 43 | - | €22,394 | +€22,394 | |
| Credit institutions | 430/8 | - | €22,394 | +€22,394 | |
| Trade debts | 44 | €107,391 | €137,460 | +€30,069 | +28.0% |
| Suppliers | 440/4 | €107,391 | €137,460 | +€30,069 | +28.0% |
| Advances received on contracts in progress | 46 | €30,917 | €1,643 | -€29,274 | -94.7% |
| Taxes, remuneration and social security | 45 | €43,942 | €38,457 | -€5,484 | -12.5% |
| Taxes | 450/3 | €9,354 | €21,710 | +€12,356 | +132% |
| Remuneration and social security | 454/9 | €34,587 | €16,747 | -€17,840 | -51.6% |
| Other amounts payable | 47/48 | €213,169 | €125,066 | -€88,103 | -41.3% |
| Accrued charges and deferred income | 492/3 | €7,036 | €17,696 | +€10,661 | +152% |
| Remuneration, social security and pensions | 62 | €95,243 | €157,040 | +€61,797 | +64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,057 | €13,725 | -€1,332 | -8.8% |
| Other operating charges | 640/8 | €5,853 | €4,096 | -€1,757 | -30.0% |
| Non-recurring operating charges | 66A | €69,743 | - | -€69,743 | |
| Gross operating margin | 9900 | €107,574 | €194,331 | +€86,758 | +80.6% |
| Operating profit (loss) | 9901 | -€78,323 | €19,470 | +€97,793 | |
| Financial charges | 65/66B | €32,837 | €23,579 | -€9,258 | -28.2% |
| Recurring financial charges | 65 | €32,837 | €23,579 | -€9,258 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€111,160 | -€4,109 | +€107,051 | +96.3% |
| Income taxes | 67/77 | - | €767 | +€767 | |
| Profit (loss) for the period | 9904 | -€111,160 | -€4,876 | +€106,284 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,160 | -€4,876 | +€106,284 | +95.6% |
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 23 October 2026 via checked.be.