ERALI: 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.
ERALI
Largest movements
- Receivables within one year +€16,318
up €16,318 (+216%), from €7,551 to €23,869
of which Trade receivables: +€10,891
- Cash -€12,051
down €12,051 (-84.8%), from €14,211 to €2,160
mainly Receivables within one year (-€16,318) and Investment in fixed assets (net) (-€2,397)
- Tangible fixed assets +€2,129
new in 2025: €2,129
- Deferred charges and accrued income -€1,023
no longer reported in 2025 (was €1,023)
- Profit (loss) carried forward +€5,697
up €5,697 (+91.1%), from -€6,253 to -€556
- Trade debts +€2,734
up €2,734 (+41.7%), from €6,558 to €9,292
- Tax, wage and social debts -€1,674
down €1,674 (-67.0%), from €2,497 to €823
of which Remuneration and social security: -€2,497
- Other debts -€1,384
no longer reported in 2025 (was €1,384)
- Gross operating margin -€18,207
down €18,207 (-61.0%), from €29,865 to €11,658
- Staff costs -€4,443
down €4,443 (-48.6%), from €9,135 to €4,691
- Taxes +€960
up €960 (+10,922%), from €9 to €969
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 | €22,785 | €28,158 | +€5,374 | +23.6% |
| Fixed assets | 21/28 | - | €2,129 | +€2,129 | |
| Tangible fixed assets | 22/27 | - | €2,129 | +€2,129 | |
| Furniture and vehicles | 24 | - | €2,129 | +€2,129 | |
| Current assets | 29/58 | €22,785 | €26,029 | +€3,244 | +14.2% |
| Amounts receivable within one year | 40/41 | €7,551 | €23,869 | +€16,318 | +216% |
| Trade receivables | 40 | - | €10,891 | +€10,891 | |
| Other amounts receivable | 41 | €7,551 | €12,978 | +€5,427 | +71.9% |
| Cash at bank and in hand | 54/58 | €14,211 | €2,160 | -€12,051 | -84.8% |
| Deferred charges and accrued income | 490/1 | €1,023 | - | -€1,023 | |
| Total equity and liabilities | 10/49 | €22,785 | €28,158 | +€5,374 | +23.6% |
| Equity | 10/15 | €12,347 | €18,044 | +€5,697 | +46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,253 | -€556 | +€5,697 | +91.1% |
| Amounts payable | 17/49 | €10,438 | €10,114 | -€323 | -3.1% |
| Amounts payable within one year | 42/48 | €10,438 | €10,114 | -€323 | -3.1% |
| Trade debts | 44 | €6,558 | €9,292 | +€2,734 | +41.7% |
| Suppliers | 440/4 | €6,558 | €9,292 | +€2,734 | +41.7% |
| Taxes, remuneration and social security | 45 | €2,497 | €823 | -€1,674 | -67.0% |
| Taxes | 450/3 | - | €823 | +€823 | |
| Remuneration and social security | 454/9 | €2,497 | - | -€2,497 | |
| Other amounts payable | 47/48 | €1,384 | - | -€1,384 | |
| Non-recurring operating income | 76A | €1,816 | €2,376 | +€560 | +30.8% |
| Remuneration, social security and pensions | 62 | €9,135 | €4,691 | -€4,443 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €268 | +€268 | |
| Other operating charges | 640/8 | - | €25 | +€25 | |
| Gross operating margin | 9900 | €29,865 | €11,658 | -€18,207 | -61.0% |
| Operating profit (loss) | 9901 | €20,730 | €6,674 | -€14,057 | -67.8% |
| Financial income | 75/76B | €29 | €55 | +€26 | +87.8% |
| Recurring financial income | 75 | €29 | €55 | +€26 | +87.8% |
| Financial charges | 65/66B | €55 | €63 | +€8 | +14.1% |
| Recurring financial charges | 65 | €55 | €63 | +€8 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €20,705 | €6,666 | -€14,039 | -67.8% |
| Income taxes | 67/77 | €9 | €969 | +€960 | +10,922% |
| Profit (loss) for the period | 9904 | €20,696 | €5,697 | -€14,999 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,696 | €5,697 | -€14,999 | -72.5% |
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 27 October 2026 via checked.be.