ERAL: 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.
ERAL
Largest movements
- Receivables within one year +€150,144
up €150,144 (+91.8%), from €163,571 to €313,714
of which Other amounts receivable: +€91,620
- Cash -€10,452
down €10,452 (-27.7%), from €37,732 to €27,279
mainly Receivables within one year (-€150,144) and Investment in fixed assets (net) (-€11,952)
- Deferred charges and accrued income -€7,399
down €7,399 (-78.5%), from €9,424 to €2,025
- Reserves +€92,464
up €92,464 (+63.7%), from €145,074 to €237,538
- Tax, wage and social debts +€28,338
up €28,338 (+51.6%), from €54,941 to €83,279
of which Remuneration and social security: +€22,961
- Other debts +€7,000
up €7,000 (+70.0%), from €10,000 to €17,000
- Gross operating margin +€61,822
up €61,822 (+18.3%), from €337,937 to €399,759
- Staff costs +€32,107
up €32,107 (+13.6%), from €236,721 to €268,828
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 | €262,275 | €390,993 | +€128,718 | +49.1% |
| Fixed assets | 21/28 | €51,550 | €47,975 | -€3,575 | -6.9% |
| Tangible fixed assets | 22/27 | €50,917 | €47,342 | -€3,575 | -7.0% |
| Plant, machinery and equipment | 23 | €32,572 | €29,477 | -€3,096 | -9.5% |
| Furniture and vehicles | 24 | €18,344 | €17,865 | -€480 | -2.6% |
| Financial fixed assets | 28 | €633 | €633 | = | 0.0% |
| Current assets | 29/58 | €210,726 | €343,018 | +€132,293 | +62.8% |
| Amounts receivable within one year | 40/41 | €163,571 | €313,714 | +€150,144 | +91.8% |
| Trade receivables | 40 | €20,987 | €79,511 | +€58,524 | +279% |
| Other amounts receivable | 41 | €142,584 | €234,204 | +€91,620 | +64.3% |
| Cash at bank and in hand | 54/58 | €37,732 | €27,279 | -€10,452 | -27.7% |
| Deferred charges and accrued income | 490/1 | €9,424 | €2,025 | -€7,399 | -78.5% |
| Total equity and liabilities | 10/49 | €262,275 | €390,993 | +€128,718 | +49.1% |
| Equity | 10/15 | €145,174 | €237,638 | +€92,464 | +63.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €145,074 | €237,538 | +€92,464 | +63.7% |
| Distributable reserves | 133 | €145,074 | €237,538 | +€92,464 | +63.7% |
| Amounts payable | 17/49 | €117,101 | €153,355 | +€36,254 | +31.0% |
| Amounts payable after more than one year | 17 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,101 | €150,422 | +€34,321 | +29.6% |
| Trade debts | 44 | €51,161 | €50,144 | -€1,017 | -2.0% |
| Suppliers | 440/4 | €46,815 | €50,144 | +€3,329 | +7.1% |
| Bills of exchange payable | 441 | €4,346 | €0 | -€4,346 | -100% |
| Taxes, remuneration and social security | 45 | €54,941 | €83,279 | +€28,338 | +51.6% |
| Taxes | 450/3 | €17,752 | €23,129 | +€5,377 | +30.3% |
| Remuneration and social security | 454/9 | €37,188 | €60,149 | +€22,961 | +61.7% |
| Other amounts payable | 47/48 | €10,000 | €17,000 | +€7,000 | +70.0% |
| Accrued charges and deferred income | 492/3 | - | €1,933 | +€1,933 | |
| Remuneration, social security and pensions | 62 | €236,721 | €268,828 | +€32,107 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,727 | €15,527 | +€800 | +5.4% |
| Other operating charges | 640/8 | €5,462 | €6,143 | +€681 | +12.5% |
| Gross operating margin | 9900 | €337,937 | €399,759 | +€61,822 | +18.3% |
| Operating profit (loss) | 9901 | €81,027 | €109,260 | +€28,233 | +34.8% |
| Financial income | 75/76B | €21 | €111 | +€90 | +435% |
| Recurring financial income | 75 | €21 | €111 | +€90 | +435% |
| Financial charges | 65/66B | €4,232 | €6,963 | +€2,731 | +64.5% |
| Recurring financial charges | 65 | €4,232 | €6,963 | +€2,731 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €76,815 | €102,408 | +€25,592 | +33.3% |
| Income taxes | 67/77 | €7,411 | €9,944 | +€2,534 | +34.2% |
| Profit (loss) for the period | 9904 | €69,405 | €92,464 | +€23,059 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,405 | €92,464 | +€23,059 | +33.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.