ERALY: 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.
ERALY
Largest movements
- Receivables within one year -€300,284
down €300,284 (-23.5%), from €1.3m to €975,008
of which Trade receivables: -€351,473
- Tangible fixed assets -€229,150
down €229,150 (-12.2%), from €1.9m to €1.7m
of which Other tangible fixed assets: -€144,803
- Cash +€156,873
up €156,873 (+46.8%), from €334,909 to €491,782
mainly Receivables within one year (+€300,284) and Depreciation (+€296,476)
- Debts after one year -€228,823
down €228,823 (-23.2%), from €984,215 to €755,391
of which Financial debts: -€227,410
- Trade debts -€73,715
down €73,715 (-63.1%), from €116,832 to €43,116
- Current portion of long-term debt -€46,985
down €46,985 (-17.1%), from €274,395 to €227,410
- Other debts +€41,928
up €41,928 (+9.0%), from €467,515 to €509,442
- Accrued charges and deferred income -€36,425
down €36,425 (-55.9%), from €65,170 to €28,745
- Other operating charges +€225,623
up €225,623 (+1,430%), from €15,776 to €241,399
- Gross operating margin +€86,075
up €86,075 (+8.7%), from €988,790 to €1.1m
- Taxes -€31,226
down €31,226 (-64.8%), from €48,216 to €16,990
- Staff costs -€26,455
down €26,455 (-5.9%), from €446,137 to €419,682
- Depreciation +€17,490
up €17,490 (+6.3%), from €278,986 to €296,476
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 | €3,550,065 | €3,182,549 | -€367,517 | -10.4% |
| Fixed assets | 21/28 | €1,879,701 | €1,650,304 | -€229,397 | -12.2% |
| Tangible fixed assets | 22/27 | €1,879,454 | €1,650,304 | -€229,150 | -12.2% |
| Land and buildings | 22 | €304,490 | €255,823 | -€48,668 | -16.0% |
| Plant, machinery and equipment | 23 | €69,895 | €63,305 | -€6,590 | -9.4% |
| Furniture and vehicles | 24 | €216,770 | €187,680 | -€29,090 | -13.4% |
| Other tangible fixed assets | 26 | €1,288,299 | €1,143,496 | -€144,803 | -11.2% |
| Financial fixed assets | 28 | €247 | €0 | -€247 | -100% |
| Current assets | 29/58 | €1,670,364 | €1,532,245 | -€138,120 | -8.3% |
| Stocks and contracts in progress | 3 | €60,164 | €65,454 | +€5,291 | +8.8% |
| Stocks | 30/36 | €60,164 | €65,454 | +€5,291 | +8.8% |
| Amounts receivable within one year | 40/41 | €1,275,292 | €975,008 | -€300,284 | -23.5% |
| Trade receivables | 40 | €1,253,917 | €902,444 | -€351,473 | -28.0% |
| Other amounts receivable | 41 | €21,374 | €72,564 | +€51,190 | +239% |
| Cash at bank and in hand | 54/58 | €334,909 | €491,782 | +€156,873 | +46.8% |
| Total equity and liabilities | 10/49 | €3,550,065 | €3,182,549 | -€367,517 | -10.4% |
| Equity | 10/15 | €1,573,807 | €1,554,154 | -€19,653 | -1.2% |
| Contributions | 10/11 | €19,212 | €19,212 | = | 0.0% |
| Reserves | 13 | €475,544 | €455,890 | -€19,653 | -4.1% |
| Tax-exempt reserves | 132 | €21,923 | €21,923 | = | 0.0% |
| Distributable reserves | 133 | €453,621 | €433,967 | -€19,653 | -4.3% |
| Profit (loss) carried forward | 14 | €1,079,051 | €1,079,051 | = | 0.0% |
| Amounts payable | 17/49 | €1,976,258 | €1,628,395 | -€347,864 | -17.6% |
| Amounts payable after more than one year | 17 | €984,215 | €755,391 | -€228,823 | -23.2% |
| Financial debts | 170/4 | €982,802 | €755,391 | -€227,410 | -23.1% |
| Other amounts payable | 178/9 | €1,413 | €0 | -€1,413 | -100% |
| Amounts payable within one year | 42/48 | €926,874 | €844,258 | -€82,615 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €274,395 | €227,410 | -€46,985 | -17.1% |
| Trade debts | 44 | €116,832 | €43,116 | -€73,715 | -63.1% |
| Suppliers | 440/4 | €116,832 | €43,116 | -€73,715 | -63.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €68,132 | €64,289 | -€3,843 | -5.6% |
| Taxes | 450/3 | €34,674 | €21,979 | -€12,695 | -36.6% |
| Remuneration and social security | 454/9 | €33,458 | €42,310 | +€8,852 | +26.5% |
| Other amounts payable | 47/48 | €467,515 | €509,442 | +€41,928 | +9.0% |
| Accrued charges and deferred income | 492/3 | €65,170 | €28,745 | -€36,425 | -55.9% |
| Non-recurring operating income | 76A | €17,631 | €98 | -€17,534 | -99.4% |
| Remuneration, social security and pensions | 62 | €446,137 | €419,682 | -€26,455 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,986 | €296,476 | +€17,490 | +6.3% |
| Other operating charges | 640/8 | €15,776 | €241,399 | +€225,623 | +1,430% |
| Non-recurring operating charges | 66A | €2,497 | €0 | -€2,497 | -100% |
| Gross operating margin | 9900 | €988,790 | €1,074,865 | +€86,075 | +8.7% |
| Operating profit (loss) | 9901 | €245,393 | €117,308 | -€128,085 | -52.2% |
| Financial income | 75/76B | €175 | €119 | -€56 | -32.3% |
| Recurring financial income | 75 | €175 | €119 | -€56 | -32.3% |
| Financial charges | 65/66B | €31,808 | €26,224 | -€5,584 | -17.6% |
| Recurring financial charges | 65 | €31,808 | €26,113 | -€5,695 | -17.9% |
| Non-recurring financial charges | 66B | - | €112 | +€112 | |
| Profit (loss) for the period before taxes | 9903 | €213,760 | €91,202 | -€122,557 | -57.3% |
| Income taxes | 67/77 | €48,216 | €16,990 | -€31,226 | -64.8% |
| Profit (loss) for the period | 9904 | €165,544 | €74,212 | -€91,332 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €165,544 | €74,212 | -€91,332 | -55.2% |
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 21 October 2026 via checked.be.