ERA-NAS: 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.
ERA-NAS
Largest movements
- Cash +€4,115
up €4,115 (+23.6%), from €17,409 to €21,523
mainly Net result for the year (+€9,816) and Trade debts (+€1,262)
- Receivables within one year +€1,136
up €1,136 (+15.7%), from €7,217 to €8,353
- Deferred charges and accrued income -€829
down €829 (-50.0%), from €1,658 to €829
- Profit (loss) carried forward +€9,816
up €9,816 (+71.9%), from €13,646 to €23,462
- Other debts -€7,185
down €7,185 (-87.9%), from €8,172 to €987
- Trade debts +€1,262
up €1,262 (+98.0%), from €1,287 to €2,549
- Gross operating margin +€9,721
up €9,721 (+138.6%), from €7,012 to €16,733
- Financial charges +€2,719
up €2,719 (+1597.1%), from €170 to €2,889
- Taxes +€1,516
up €1,516 (+101.9%), from €1,488 to €3,003
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 | €27,844 | €32,010 | +€4,167 | +15.0% |
| Fixed assets | 21/28 | €1,560 | €1,305 | -€256 | -16.4% |
| Tangible fixed assets | 22/27 | €1,197 | €942 | -€256 | -21.3% |
| Furniture and vehicles | 24 | €1,197 | €942 | -€256 | -21.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €26,283 | €30,706 | +€4,422 | +16.8% |
| Amounts receivable within one year | 40/41 | €7,217 | €8,353 | +€1,136 | +15.7% |
| Trade receivables | 40 | €7,217 | €8,353 | +€1,136 | +15.7% |
| Cash at bank and in hand | 54/58 | €17,409 | €21,523 | +€4,115 | +23.6% |
| Deferred charges and accrued income | 490/1 | €1,658 | €829 | -€829 | -50.0% |
| Total equity and liabilities | 10/49 | €27,844 | €32,010 | +€4,167 | +15.0% |
| Equity | 10/15 | €15,646 | €25,462 | +€9,816 | +62.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,646 | €23,462 | +€9,816 | +71.9% |
| Amounts payable | 17/49 | €12,197 | €6,548 | -€5,649 | -46.3% |
| Amounts payable within one year | 42/48 | €12,197 | €6,548 | -€5,649 | -46.3% |
| Trade debts | 44 | €1,287 | €2,549 | +€1,262 | +98.0% |
| Suppliers | 440/4 | €1,287 | €2,549 | +€1,262 | +98.0% |
| Taxes, remuneration and social security | 45 | €2,738 | €3,012 | +€274 | +10.0% |
| Taxes | 450/3 | €2,738 | €3,012 | +€274 | +10.0% |
| Other amounts payable | 47/48 | €8,172 | €987 | -€7,185 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | €1,024 | +€29 | +2.9% |
| Gross operating margin | 9900 | €7,012 | €16,733 | +€9,721 | +138.6% |
| Operating profit (loss) | 9901 | €6,016 | €15,709 | +€9,692 | +161.1% |
| Financial charges | 65/66B | €170 | €2,889 | +€2,719 | +1597.1% |
| Recurring financial charges | 65 | €170 | €2,889 | +€2,719 | +1597.1% |
| Profit (loss) for the period before taxes | 9903 | €5,846 | €12,819 | +€6,974 | +119.3% |
| Income taxes | 67/77 | €1,488 | €3,003 | +€1,516 | +101.9% |
| Profit (loss) for the period | 9904 | €4,358 | €9,816 | +€5,458 | +125.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,358 | €9,816 | +€5,458 | +125.2% |
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.