ERA SERVIMO OOSTKUST: 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 SERVIMO OOSTKUST
Largest movements
- Cash +€647,108
up €647,108 (+139%), from €465,160 to €1.1m
mainly Debts after one year (+€561,610) and Other debts (+€425,975)
- Tangible fixed assets +€568,200
up €568,200 (+60.9%), from €932,399 to €1.5m
of which Land and buildings: +€562,393
- Receivables within one year +€242,041
up €242,041 (+56.9%), from €425,720 to €667,760
of which Trade receivables: +€243,069
- Intangible fixed assets -€41,128
down €41,128 (-8.0%), from €516,283 to €475,155
- Deferred charges and accrued income +€39,412
new in 2025: €39,412
- Debts after one year +€561,610
up €561,610 (+37.5%), from €1.5m to €2.1m
of which Financial debts: +€561,610
- Other debts +€425,975
up €425,975 (+136%), from €313,225 to €739,201
- Trade debts +€361,002
up €361,002 (+225%), from €160,535 to €521,537
- Profit (loss) carried forward +€66,282
up €66,282 (+34.1%), from -€194,337 to -€128,055
- Gross operating margin +€166,054
up €166,054 (+30.8%), from €538,980 to €705,035
- Depreciation +€45,630
up €45,630 (+47.3%), from €96,461 to €142,091
- Other operating charges +€32,971
up €32,971 (+72.8%), from €45,297 to €78,267
- Financial charges +€12,507
up €12,507 (+31.1%), from €40,162 to €52,670
- Staff costs +€8,481
up €8,481 (+2.4%), from €356,912 to €365,393
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 | €2,353,792 | €3,808,567 | +€1.5m | +61.8% |
| Formation expenses | 20 | €1,480 | €622 | -€858 | -58.0% |
| Fixed assets | 21/28 | €1,461,432 | €1,988,504 | +€527,072 | +36.1% |
| Intangible fixed assets | 21 | €516,283 | €475,155 | -€41,128 | -8.0% |
| Tangible fixed assets | 22/27 | €932,399 | €1,500,600 | +€568,200 | +60.9% |
| Land and buildings | 22 | €866,186 | €1,428,579 | +€562,393 | +64.9% |
| Plant, machinery and equipment | 23 | €15,583 | €21,795 | +€6,212 | +39.9% |
| Furniture and vehicles | 24 | €40,631 | €41,862 | +€1,231 | +3.0% |
| Other tangible fixed assets | 26 | €9,999 | €8,364 | -€1,636 | -16.4% |
| Financial fixed assets | 28 | €12,750 | €12,750 | = | 0.0% |
| Current assets | 29/58 | €890,879 | €1,819,440 | +€928,561 | +104% |
| Amounts receivable within one year | 40/41 | €425,720 | €667,760 | +€242,041 | +56.9% |
| Trade receivables | 40 | €420,006 | €663,075 | +€243,069 | +57.9% |
| Other amounts receivable | 41 | €5,714 | €4,685 | -€1,029 | -18.0% |
| Cash at bank and in hand | 54/58 | €465,160 | €1,112,268 | +€647,108 | +139% |
| Deferred charges and accrued income | 490/1 | - | €39,412 | +€39,412 | |
| Total equity and liabilities | 10/49 | €2,353,792 | €3,808,567 | +€1.5m | +61.8% |
| Equity | 10/15 | -€184,337 | -€118,055 | +€66,282 | +36.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,337 | -€128,055 | +€66,282 | +34.1% |
| Amounts payable | 17/49 | €2,538,129 | €3,926,622 | +€1.4m | +54.7% |
| Amounts payable after more than one year | 17 | €1,497,069 | €2,058,679 | +€561,610 | +37.5% |
| Financial debts | 170/4 | €1,365,819 | €1,927,429 | +€561,610 | +41.1% |
| Other amounts payable | 178/9 | €131,250 | €131,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,033,595 | €1,860,350 | +€826,756 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €111,138 | €133,733 | +€22,596 | +20.3% |
| Financial debts | 43 | €22,241 | €35,690 | +€13,449 | +60.5% |
| Credit institutions | 430/8 | €22,241 | €35,690 | +€13,449 | +60.5% |
| Trade debts | 44 | €160,535 | €521,537 | +€361,002 | +225% |
| Suppliers | 440/4 | €160,535 | €521,537 | +€361,002 | +225% |
| Advances received on contracts in progress | 46 | €299,858 | €279,245 | -€20,613 | -6.9% |
| Taxes, remuneration and social security | 45 | €126,597 | €150,945 | +€24,347 | +19.2% |
| Taxes | 450/3 | €74,248 | €121,604 | +€47,356 | +63.8% |
| Remuneration and social security | 454/9 | €52,349 | €29,340 | -€23,009 | -44.0% |
| Other amounts payable | 47/48 | €313,225 | €739,201 | +€425,975 | +136% |
| Accrued charges and deferred income | 492/3 | €7,465 | €7,593 | +€128 | +1.7% |
| Remuneration, social security and pensions | 62 | €356,912 | €365,393 | +€8,481 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,461 | €142,091 | +€45,630 | +47.3% |
| Other operating charges | 640/8 | €45,297 | €78,267 | +€32,971 | +72.8% |
| Gross operating margin | 9900 | €538,980 | €705,035 | +€166,054 | +30.8% |
| Operating profit (loss) | 9901 | €40,311 | €119,284 | +€78,973 | +196% |
| Financial income | 75/76B | €215 | €2 | -€212 | -98.9% |
| Recurring financial income | 75 | €215 | €2 | -€212 | -98.9% |
| Financial charges | 65/66B | €40,162 | €52,670 | +€12,507 | +31.1% |
| Recurring financial charges | 65 | €40,162 | €52,670 | +€12,507 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €363 | €66,617 | +€66,254 | +18,246% |
| Income taxes | 67/77 | - | €335 | +€335 | |
| Profit (loss) for the period | 9904 | €363 | €66,282 | +€65,919 | +18,153% |
| Profit (loss) for the period to be appropriated | 9905 | €363 | €66,282 | +€65,919 | +18,153% |
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 21 October 2026 via checked.be.