ERAMA: what changed
Two fiscal 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.
ERAMA
Largest movements
- Cash +€14,619
up €14,619 (+33.2%), from €44,021 to €58,640
mainly Net result for the year (+€18,878) and Trade debts (+€1,739)
- Receivables within one year +€3,699
up €3,699 (+27.9%), from €13,258 to €16,957
of which Other amounts receivable: +€2,351
- Deferred charges and accrued income +€1,163
up €1,163 (+159.8%), from €728 to €1,892
- Reserves +€18,045
up €18,045 (+34.5%), from €52,368 to €70,413
- Trade debts +€1,739
up €1,739 (+141.2%), from €1,232 to €2,971
- Gross operating margin +€1,527
up €1,527 (+6.6%), from €23,048 to €24,574
- Taxes +€569
up €569 (+13.2%), from €4,300 to €4,869
- Financial income +€553
up €553 (+1275.7%), from €43 to €596
- Depreciation -€478
down €478 (-66.4%), from €720 to €242
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.
Cash bridge derived
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 | €60,021 | €79,260 | +€19,239 | +32.1% |
| Fixed assets | 21/28 | €2,014 | €1,772 | -€242 | -12.0% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,013 | €1,771 | -€242 | -12.0% |
| Land and buildings | 22 | €1,881 | €1,771 | -€110 | -5.9% |
| Plant, machinery and equipment | 23 | €132 | €0 | -€132 | -100.0% |
| Current assets | 29/58 | €58,007 | €77,488 | +€19,481 | +33.6% |
| Amounts receivable within one year | 40/41 | €13,258 | €16,957 | +€3,699 | +27.9% |
| Trade receivables | 40 | €8,696 | €10,043 | +€1,348 | +15.5% |
| Other amounts receivable | 41 | €4,562 | €6,913 | +€2,351 | +51.5% |
| Cash at bank and in hand | 54/58 | €44,021 | €58,640 | +€14,619 | +33.2% |
| Deferred charges and accrued income | 490/1 | €728 | €1,892 | +€1,163 | +159.8% |
| Total equity and liabilities | 10/49 | €60,021 | €79,260 | +€19,239 | +32.1% |
| Equity | 10/15 | €55,368 | €73,413 | +€18,045 | +32.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,368 | €70,413 | +€18,045 | +34.5% |
| Distributable reserves | 133 | €52,368 | €70,413 | +€18,045 | +34.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,653 | €5,847 | +€1,194 | +25.7% |
| Amounts payable within one year | 42/48 | €4,653 | €5,847 | +€1,194 | +25.7% |
| Trade debts | 44 | €1,232 | €2,971 | +€1,739 | +141.2% |
| Suppliers | 440/4 | €1,232 | €2,971 | +€1,739 | +141.2% |
| Taxes, remuneration and social security | 45 | €2,154 | €2,043 | -€111 | -5.1% |
| Taxes | 450/3 | €2,154 | €2,043 | -€111 | -5.1% |
| Other amounts payable | 47/48 | €1,268 | €833 | -€435 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €242 | -€478 | -66.4% |
| Other operating charges | 640/8 | €1,147 | €1,047 | -€100 | -8.7% |
| Gross operating margin | 9900 | €23,048 | €24,574 | +€1,527 | +6.6% |
| Operating profit (loss) | 9901 | €21,181 | €23,285 | +€2,105 | +9.9% |
| Financial income | 75/76B | €43 | €596 | +€553 | +1275.7% |
| Recurring financial income | 75 | €43 | €596 | +€553 | +1275.7% |
| Financial charges | 65/66B | €128 | €134 | +€6 | +4.6% |
| Recurring financial charges | 65 | €128 | €134 | +€6 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €21,096 | €23,747 | +€2,652 | +12.6% |
| Income taxes | 67/77 | €4,300 | €4,869 | +€569 | +13.2% |
| Profit (loss) for the period | 9904 | €16,796 | €18,878 | +€2,082 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,796 | €18,878 | +€2,082 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.