ERALU: 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.
ERALU
Largest movements
- Receivables within one year +€33,277
up €33,277 (+230%), from €14,472 to €47,750
of which Other amounts receivable: +€19,143
- Tangible fixed assets +€22,684
up €22,684 (+339%), from €6,695 to €29,379
- Cash +€8,476
up €8,476 (+7,061%), from €120 to €8,596
mainly Advances received (+€20,339) and Debts after one year (+€18,740)
- Stocks and contracts +€1,956
up €1,956 (+244%), from €800 to €2,756
- Deferred charges and accrued income +€1,852
up €1,852 (+484%), from €382 to €2,234
- Advances received +€20,339
up €20,339 (+843%), from €2,412 to €22,751
- Debts after one year +€18,740
new in 2025: €18,740
- Profit (loss) carried forward +€13,590
up €13,590 (+174%), from €7,808 to €21,399
- Current portion of long-term debt +€6,672
new in 2025: €6,672
- Tax, wage and social debts +€5,616
up €5,616 (+81.9%), from €6,853 to €12,470
of which Taxes: +€4,440
- Gross operating margin +€44,410
up €44,410 (+205%), from €21,690 to €66,100
- Staff costs +€40,985
new in 2025: €40,985
- Other operating charges -€3,847
down €3,847 (-72.8%), from €5,285 to €1,437
- Financial charges +€2,116
up €2,116 (+193%), from €1,098 to €3,215
- Depreciation +€2,009
up €2,009 (+266%), from €755 to €2,764
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 | €22,470 | €92,025 | +€69,555 | +310% |
| Fixed assets | 21/28 | €6,695 | €30,689 | +€23,994 | +358% |
| Tangible fixed assets | 22/27 | €6,695 | €29,379 | +€22,684 | +339% |
| Furniture and vehicles | 24 | €6,695 | €29,379 | +€22,684 | +339% |
| Financial fixed assets | 28 | - | €1,310 | +€1,310 | |
| Current assets | 29/58 | €15,775 | €61,336 | +€45,561 | +289% |
| Stocks and contracts in progress | 3 | €800 | €2,756 | +€1,956 | +244% |
| Stocks | 30/36 | €800 | €2,756 | +€1,956 | +244% |
| Amounts receivable within one year | 40/41 | €14,472 | €47,750 | +€33,277 | +230% |
| Trade receivables | 40 | €2,819 | €16,953 | +€14,135 | +501% |
| Other amounts receivable | 41 | €11,654 | €30,796 | +€19,143 | +164% |
| Cash at bank and in hand | 54/58 | €120 | €8,596 | +€8,476 | +7,061% |
| Deferred charges and accrued income | 490/1 | €382 | €2,234 | +€1,852 | +484% |
| Total equity and liabilities | 10/49 | €22,470 | €92,025 | +€69,555 | +310% |
| Equity | 10/15 | €10,808 | €24,399 | +€13,590 | +126% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,808 | €21,399 | +€13,590 | +174% |
| Amounts payable | 17/49 | €11,662 | €67,627 | +€55,965 | +480% |
| Amounts payable after more than one year | 17 | - | €18,740 | +€18,740 | |
| Financial debts | 170/4 | - | €18,740 | +€18,740 | |
| Amounts payable within one year | 42/48 | €11,662 | €48,887 | +€37,225 | +319% |
| Current portion of amounts payable after more than one year | 42 | - | €6,672 | +€6,672 | |
| Trade debts | 44 | €1,564 | €6,994 | +€5,430 | +347% |
| Suppliers | 440/4 | €1,564 | €6,994 | +€5,430 | +347% |
| Advances received on contracts in progress | 46 | €2,412 | €22,751 | +€20,339 | +843% |
| Taxes, remuneration and social security | 45 | €6,853 | €12,470 | +€5,616 | +81.9% |
| Taxes | 450/3 | €6,853 | €11,293 | +€4,440 | +64.8% |
| Remuneration and social security | 454/9 | - | €1,176 | +€1,176 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Remuneration, social security and pensions | 62 | - | €40,985 | +€40,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755 | €2,764 | +€2,009 | +266% |
| Other operating charges | 640/8 | €5,285 | €1,437 | -€3,847 | -72.8% |
| Gross operating margin | 9900 | €21,690 | €66,100 | +€44,410 | +205% |
| Operating profit (loss) | 9901 | €15,650 | €20,913 | +€5,263 | +33.6% |
| Financial income | 75/76B | €43 | €102 | +€59 | +139% |
| Recurring financial income | 75 | €43 | €102 | +€59 | +139% |
| Financial charges | 65/66B | €1,098 | €3,215 | +€2,116 | +193% |
| Recurring financial charges | 65 | €1,098 | €3,215 | +€2,116 | +193% |
| Profit (loss) for the period before taxes | 9903 | €14,595 | €17,800 | +€3,205 | +22.0% |
| Income taxes | 67/77 | €5,953 | €4,210 | -€1,744 | -29.3% |
| Profit (loss) for the period | 9904 | €8,641 | €13,590 | +€4,949 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,641 | €13,590 | +€4,949 | +57.3% |
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.