ERALBA: 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.
ERALBA
Largest movements
- Cash +€367,524
up €367,524 (+31.3%), from €1.2m to €1.5m
mainly Net result for the year (+€322,596) and Other debts (+€118,258)
- Reserves +€204,339
up €204,339 (+24.0%), from €851,065 to €1.1m
of which Distributable reserves: +€204,339
- Other debts +€118,258
new in 2025: €118,258
- Trade debts +€37,093
up €37,093 (+164%), from €22,637 to €59,730
- Tax, wage and social debts +€32,677
up €32,677 (+14.3%), from €228,473 to €261,150
of which Taxes: +€39,514
- Gross operating margin +€160,632
up €160,632 (+30.5%), from €526,454 to €687,086
- Taxes +€59,405
up €59,405 (+57.6%), from €103,113 to €162,518
- Financial income +€9,270
up €9,270 (+88.9%), from €10,429 to €19,699
- Staff costs +€8,068
up €8,068 (+5.2%), from €155,489 to €163,557
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 | €1,369,048 | €1,761,415 | +€392,367 | +28.7% |
| Fixed assets | 21/28 | €25,188 | €35,899 | +€10,711 | +42.5% |
| Tangible fixed assets | 22/27 | €21,688 | €32,399 | +€10,711 | +49.4% |
| Plant, machinery and equipment | 23 | €13,340 | €16,803 | +€3,463 | +26.0% |
| Furniture and vehicles | 24 | €461 | €59 | -€402 | -87.2% |
| Other tangible fixed assets | 26 | €7,887 | €15,537 | +€7,650 | +97.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €1,343,860 | €1,725,516 | +€381,656 | +28.4% |
| Stocks and contracts in progress | 3 | €100 | €100 | = | 0.0% |
| Stocks | 30/36 | €100 | €100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €170,581 | €183,170 | +€12,589 | +7.4% |
| Other amounts receivable | 41 | €170,581 | €183,170 | +€12,589 | +7.4% |
| Cash at bank and in hand | 54/58 | €1,173,179 | €1,540,703 | +€367,524 | +31.3% |
| Deferred charges and accrued income | 490/1 | - | €1,543 | +€1,543 | |
| Total equity and liabilities | 10/49 | €1,369,048 | €1,761,415 | +€392,367 | +28.7% |
| Equity | 10/15 | €1,117,938 | €1,322,277 | +€204,339 | +18.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €851,065 | €1,055,404 | +€204,339 | +24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €765,005 | €969,344 | +€204,339 | +26.7% |
| Profit (loss) carried forward | 14 | €260,673 | €260,673 | = | 0.0% |
| Amounts payable | 17/49 | €251,110 | €439,138 | +€188,028 | +74.9% |
| Amounts payable within one year | 42/48 | €251,110 | €439,138 | +€188,028 | +74.9% |
| Trade debts | 44 | €22,637 | €59,730 | +€37,093 | +164% |
| Suppliers | 440/4 | €22,637 | €59,730 | +€37,093 | +164% |
| Taxes, remuneration and social security | 45 | €228,473 | €261,150 | +€32,677 | +14.3% |
| Taxes | 450/3 | €215,611 | €255,125 | +€39,514 | +18.3% |
| Remuneration and social security | 454/9 | €12,862 | €6,025 | -€6,837 | -53.2% |
| Other amounts payable | 47/48 | - | €118,258 | +€118,258 | |
| Remuneration, social security and pensions | 62 | €155,489 | €163,557 | +€8,068 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,591 | €10,973 | +€382 | +3.6% |
| Other operating charges | 640/8 | €39,556 | €43,086 | +€3,530 | +8.9% |
| Gross operating margin | 9900 | €526,454 | €687,086 | +€160,632 | +30.5% |
| Operating profit (loss) | 9901 | €320,818 | €469,470 | +€148,652 | +46.3% |
| Financial income | 75/76B | €10,429 | €19,699 | +€9,270 | +88.9% |
| Recurring financial income | 75 | €10,429 | €19,699 | +€9,270 | +88.9% |
| Financial charges | 65/66B | €3,229 | €4,055 | +€826 | +25.6% |
| Recurring financial charges | 65 | €3,229 | €4,055 | +€826 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €328,018 | €485,114 | +€157,096 | +47.9% |
| Income taxes | 67/77 | €103,113 | €162,518 | +€59,405 | +57.6% |
| Profit (loss) for the period | 9904 | €224,905 | €322,596 | +€97,691 | +43.4% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,705 | €322,596 | +€181,891 | +129% |
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.