ERAHEM: 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.
ERAHEM
Largest movements
- Current investments +€90,863
new in 2025: €90,863
- Cash +€37,610
up €37,610 (+471.8%), from €7,971 to €45,581
mainly Net result for the year (+€242,922) and Depreciation (+€9,361)
- Tangible fixed assets -€9,361
down €9,361 (-13.1%), from €71,348 to €61,987
of which Plant, machinery and equipment: -€5,386
- Profit (loss) carried forward +€192,922
up €192,922 (+329.4%), from €58,560 to €251,482
- Current portion of long-term debt -€84,928
down €84,928 (-95.2%), from €89,210 to €4,282
- Reserves +€50,000
up €50,000 (+43.2%), from €115,779 to €165,779
of which Distributable reserves: +€50,000
- Other debts -€43,598
down €43,598 (-67.2%), from €64,838 to €21,239
- Gross operating margin +€237,582
up €237,582 (+499.1%), from €47,602 to €285,185
- Taxes +€13,935
up €13,935 (+126.6%), from €11,007 to €24,942
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 | €404,041 | €519,948 | +€115,907 | +28.7% |
| Fixed assets | 21/28 | €379,203 | €369,842 | -€9,361 | -2.5% |
| Tangible fixed assets | 22/27 | €71,348 | €61,987 | -€9,361 | -13.1% |
| Land and buildings | 22 | €58,200 | €54,225 | -€3,975 | -6.8% |
| Plant, machinery and equipment | 23 | €13,148 | €7,762 | -€5,386 | -41.0% |
| Financial fixed assets | 28 | €307,855 | €307,855 | = | 0.0% |
| Current assets | 29/58 | €24,838 | €150,106 | +€125,268 | +504.4% |
| Amounts receivable within one year | 40/41 | €14,934 | €11,000 | -€3,933 | -26.3% |
| Trade receivables | 40 | €11,716 | €11,000 | -€715 | -6.1% |
| Other amounts receivable | 41 | €3,218 | €0 | -€3,218 | -100.0% |
| Current investments | 50/53 | - | €90,863 | +€90,863 | |
| Cash at bank and in hand | 54/58 | €7,971 | €45,581 | +€37,610 | +471.8% |
| Deferred charges and accrued income | 490/1 | €1,933 | €2,662 | +€729 | +37.7% |
| Total equity and liabilities | 10/49 | €404,041 | €519,948 | +€115,907 | +28.7% |
| Equity | 10/15 | €231,740 | €474,661 | +€242,922 | +104.8% |
| Contributions | 10/11 | €57,400 | €57,400 | = | 0.0% |
| Reserves | 13 | €115,779 | €165,779 | +€50,000 | +43.2% |
| Non-distributable reserves | 130/1 | €1,434 | €1,434 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,434 | €1,434 | = | 0.0% |
| Distributable reserves | 133 | €114,346 | €164,346 | +€50,000 | +43.7% |
| Profit (loss) carried forward | 14 | €58,560 | €251,482 | +€192,922 | +329.4% |
| Amounts payable | 17/49 | €172,301 | €45,287 | -€127,014 | -73.7% |
| Amounts payable after more than one year | 17 | €6,088 | €1,806 | -€4,282 | -70.3% |
| Financial debts | 170/4 | €6,088 | €1,806 | -€4,282 | -70.3% |
| Amounts payable within one year | 42/48 | €166,213 | €43,481 | -€122,732 | -73.8% |
| Current portion of amounts payable after more than one year | 42 | €89,210 | €4,282 | -€84,928 | -95.2% |
| Trade debts | 44 | €1,356 | €3,693 | +€2,337 | +172.4% |
| Suppliers | 440/4 | €1,356 | €3,693 | +€2,337 | +172.4% |
| Taxes, remuneration and social security | 45 | €10,810 | €14,267 | +€3,457 | +32.0% |
| Taxes | 450/3 | €8,210 | €14,267 | +€6,057 | +73.8% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100.0% |
| Other amounts payable | 47/48 | €64,838 | €21,239 | -€43,598 | -67.2% |
| Non-recurring operating income | 76A | - | €196,000 | +€196,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,361 | €9,361 | = | 0.0% |
| Other operating charges | 640/8 | €2,749 | €2,601 | -€147 | -5.4% |
| Gross operating margin | 9900 | €47,602 | €285,185 | +€237,582 | +499.1% |
| Operating profit (loss) | 9901 | €35,493 | €273,222 | +€237,729 | +669.8% |
| Financial income | 75/76B | €0 | €865 | +€865 | +8646600.0% |
| Recurring financial income | 75 | €0 | €865 | +€865 | +8646600.0% |
| Financial charges | 65/66B | €8,382 | €6,223 | -€2,159 | -25.8% |
| Recurring financial charges | 65 | €8,382 | €6,223 | -€2,159 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €27,111 | €267,864 | +€240,753 | +888.0% |
| Income taxes | 67/77 | €11,007 | €24,942 | +€13,935 | +126.6% |
| Profit (loss) for the period | 9904 | €16,104 | €242,922 | +€226,818 | +1408.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,104 | €242,922 | +€226,818 | +1408.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.