ERAFIB: 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.
ERAFIB
Largest movements
- Tangible fixed assets +€48,545
up €48,545 (+4,172%), from €1,164 to €49,708
of which Land and buildings: +€49,521
- Receivables within one year +€1,621
up €1,621 (+12.5%), from €13,000 to €14,621
- Cash +€1,587
up €1,587 (+102%), from €1,559 to €3,146
mainly Debts after one year (+€44,077) and Other debts (+€8,550)
- Debts after one year +€44,077
new in 2025: €44,077
- Other debts +€8,550
up €8,550 (+165%), from €5,176 to €13,726
- Profit (loss) carried forward -€5,661
down €5,661, from €546 to -€5,114
- Current portion of long-term debt +€4,206
new in 2025: €4,206
- Gross operating margin -€5,546
down €5,546, from €3,596 to -€1,950
- Financial charges +€1,536
up €1,536 (+4,151%), from €37 to €1,573
- Depreciation -€1,050
down €1,050 (-37.7%), from €2,788 to €1,738
- Other operating charges +€175
up €175 (+78.4%), from €224 to €399
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 | €15,723 | €67,475 | +€51,752 | +329% |
| Fixed assets | 21/28 | €1,164 | €49,708 | +€48,545 | +4,172% |
| Tangible fixed assets | 22/27 | €1,164 | €49,708 | +€48,545 | +4,172% |
| Land and buildings | 22 | - | €49,521 | +€49,521 | |
| Plant, machinery and equipment | 23 | €1,164 | €188 | -€976 | -83.9% |
| Current assets | 29/58 | €14,559 | €17,767 | +€3,208 | +22.0% |
| Amounts receivable within one year | 40/41 | €13,000 | €14,621 | +€1,621 | +12.5% |
| Other amounts receivable | 41 | €13,000 | €14,621 | +€1,621 | +12.5% |
| Cash at bank and in hand | 54/58 | €1,559 | €3,146 | +€1,587 | +102% |
| Total equity and liabilities | 10/49 | €15,723 | €67,475 | +€51,752 | +329% |
| Equity | 10/15 | €10,546 | €4,886 | -€5,661 | -53.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €546 | -€5,114 | -€5,661 | |
| Amounts payable | 17/49 | €5,176 | €62,589 | +€57,413 | +1,109% |
| Amounts payable after more than one year | 17 | - | €44,077 | +€44,077 | |
| Financial debts | 170/4 | - | €44,077 | +€44,077 | |
| Amounts payable within one year | 42/48 | €5,176 | €18,512 | +€13,336 | +258% |
| Current portion of amounts payable after more than one year | 42 | - | €4,206 | +€4,206 | |
| Trade debts | 44 | - | €580 | +€580 | |
| Suppliers | 440/4 | - | €580 | +€580 | |
| Other amounts payable | 47/48 | €5,176 | €13,726 | +€8,550 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,788 | €1,738 | -€1,050 | -37.7% |
| Other operating charges | 640/8 | €224 | €399 | +€175 | +78.4% |
| Gross operating margin | 9900 | €3,596 | -€1,950 | -€5,546 | |
| Operating profit (loss) | 9901 | €583 | -€4,088 | -€4,671 | |
| Financial charges | 65/66B | €37 | €1,573 | +€1,536 | +4,151% |
| Recurring financial charges | 65 | €37 | €1,573 | +€1,536 | +4,151% |
| Profit (loss) for the period before taxes | 9903 | €546 | -€5,661 | -€6,207 | |
| Profit (loss) for the period | 9904 | €546 | -€5,661 | -€6,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €546 | -€5,661 | -€6,207 |
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 22 October 2026 via checked.be.