ERAJO: 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.
ERAJO
Largest movements
- Cash -€449,829
down €449,829 (-78.2%), from €575,481 to €125,652
mainly Other debts (-€467,358) and Net result for the year (-€84,688)
- Stocks and contracts -€119,477
down €119,477 (-25.8%), from €463,366 to €343,889
- Other debts -€467,358
down €467,358 (-77.6%), from €602,358 to €135,000
- Profit (loss) carried forward -€84,688
down €84,688, from €17,927 to -€66,761
- Gross operating margin -€163,585
down €163,585, from €82,115 to -€81,470
- Financial charges -€54,011
down €54,011 (-94.0%), from €57,443 to €3,433
- Taxes -€5,986
no longer reported in 2025 (was €5,986)
- Financial income +€1,275
new in 2025: €1,275
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 | €1,052,149 | €483,541 | -€568,608 | -54.0% |
| Current assets | 29/58 | €1,052,149 | €483,541 | -€568,608 | -54.0% |
| Stocks and contracts in progress | 3 | €463,366 | €343,889 | -€119,477 | -25.8% |
| Stocks | 30/36 | €463,366 | €343,889 | -€119,477 | -25.8% |
| Amounts receivable within one year | 40/41 | €12,855 | €14,000 | +€1,145 | +8.9% |
| Trade receivables | 40 | €12,855 | €14,000 | +€1,145 | +8.9% |
| Cash at bank and in hand | 54/58 | €575,481 | €125,652 | -€449,829 | -78.2% |
| Deferred charges and accrued income | 490/1 | €446 | - | -€446 | |
| Total equity and liabilities | 10/49 | €1,052,149 | €483,541 | -€568,608 | -54.0% |
| Equity | 10/15 | €47,927 | -€36,761 | -€84,688 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,927 | -€66,761 | -€84,688 | |
| Amounts payable | 17/49 | €1,004,222 | €520,302 | -€483,920 | -48.2% |
| Amounts payable within one year | 42/48 | €994,646 | €518,452 | -€476,194 | -47.9% |
| Financial debts | 43 | €332,000 | €328,920 | -€3,080 | -0.9% |
| Credit institutions | 430/8 | €332,000 | €328,920 | -€3,080 | -0.9% |
| Trade debts | 44 | €9,312 | €1,754 | -€7,558 | -81.2% |
| Suppliers | 440/4 | €9,312 | €1,754 | -€7,558 | -81.2% |
| Taxes, remuneration and social security | 45 | €50,976 | €52,778 | +€1,802 | +3.5% |
| Taxes | 450/3 | €50,976 | €52,778 | +€1,802 | +3.5% |
| Other amounts payable | 47/48 | €602,358 | €135,000 | -€467,358 | -77.6% |
| Accrued charges and deferred income | 492/3 | €9,576 | €1,850 | -€7,726 | -80.7% |
| Other operating charges | 640/8 | €449 | €1,060 | +€611 | +136% |
| Gross operating margin | 9900 | €82,115 | -€81,470 | -€163,585 | |
| Operating profit (loss) | 9901 | €81,666 | -€82,530 | -€164,196 | |
| Financial income | 75/76B | - | €1,275 | +€1,275 | |
| Recurring financial income | 75 | - | €1,275 | +€1,275 | |
| Financial charges | 65/66B | €57,443 | €3,433 | -€54,011 | -94.0% |
| Recurring financial charges | 65 | €57,443 | €3,433 | -€54,011 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €24,223 | -€84,688 | -€108,911 | |
| Income taxes | 67/77 | €5,986 | - | -€5,986 | |
| Profit (loss) for the period | 9904 | €18,237 | -€84,688 | -€102,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,237 | -€84,688 | -€102,925 |
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 19 October 2026 via checked.be.