ERAN CONSULT: 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.
ERAN CONSULT
Largest movements
- Receivables after one year +€337,892
new in 2025: €337,892
- Financial fixed assets -€190,999
down €190,999 (-20.0%), from €955,449 to €764,450
- Receivables within one year -€180,865
down €180,865 (-28.5%), from €634,084 to €453,219
of which Other amounts receivable: -€179,082
- Current investments -€45,000
no longer reported in 2025 (was €45,000)
- Reserves +€496,000
up €496,000 (+124.1%), from €399,579 to €895,579
- Debts after one year -€397,750
down €397,750 (-53.6%), from €742,619 to €344,869
of which Other amounts payable: -€629,948
- Short-term financial debts -€260,000
no longer reported in 2025 (was €260,000)
- Current portion of long-term debt +€61,243
new in 2025: €61,243
- Tax, wage and social debts +€29,315
up €29,315 (+722.8%), from €4,056 to €33,371
- Financial income +€693,830
up €693,830 (+1922.5%), from €36,091 to €729,920
- Write-downs +€112,000
new in 2025: €112,000
- Gross operating margin -€54,690
down €54,690 (-49.5%), from €110,571 to €55,881
- Financial charges -€21,059
down €21,059 (-31.5%), from €66,761 to €45,702
of which Non-recurring financial charges: -€31,793
- Taxes +€17,932
up €17,932 (+56.5%), from €31,759 to €49,691
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 | €1,641,160 | €1,564,786 | -€76,374 | -4.7% |
| Fixed assets | 21/28 | €955,449 | €765,552 | -€189,897 | -19.9% |
| Tangible fixed assets | 22/27 | - | €1,102 | +€1,102 | |
| Furniture and vehicles | 24 | - | €1,102 | +€1,102 | |
| Financial fixed assets | 28 | €955,449 | €764,450 | -€190,999 | -20.0% |
| Current assets | 29/58 | €685,711 | €799,234 | +€113,523 | +16.6% |
| Amounts receivable after more than one year | 29 | - | €337,892 | +€337,892 | |
| Other amounts receivable | 291 | - | €337,892 | +€337,892 | |
| Amounts receivable within one year | 40/41 | €634,084 | €453,219 | -€180,865 | -28.5% |
| Trade receivables | 40 | €23,762 | €21,980 | -€1,782 | -7.5% |
| Other amounts receivable | 41 | €610,322 | €431,239 | -€179,082 | -29.3% |
| Current investments | 50/53 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €2,726 | €6,272 | +€3,547 | +130.1% |
| Deferred charges and accrued income | 490/1 | €3,901 | €1,850 | -€2,051 | -52.6% |
| Total equity and liabilities | 10/49 | €1,641,160 | €1,564,786 | -€76,374 | -4.7% |
| Equity | 10/15 | €552,129 | €1,049,351 | +€497,222 | +90.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €399,579 | €895,579 | +€496,000 | +124.1% |
| Distributable reserves | 133 | €399,579 | €895,579 | +€496,000 | +124.1% |
| Profit (loss) carried forward | 14 | €52,551 | €53,772 | +€1,222 | +2.3% |
| Amounts payable | 17/49 | €1,089,031 | €515,435 | -€573,596 | -52.7% |
| Amounts payable after more than one year | 17 | €742,619 | €344,869 | -€397,750 | -53.6% |
| Financial debts | 170/4 | €76,871 | €309,069 | +€232,198 | +302.1% |
| Other amounts payable | 178/9 | €665,748 | €35,800 | -€629,948 | -94.6% |
| Amounts payable within one year | 42/48 | €271,697 | €95,851 | -€175,846 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €61,243 | +€61,243 | |
| Financial debts | 43 | €260,000 | - | -€260,000 | |
| Credit institutions | 430/8 | €260,000 | - | -€260,000 | |
| Trade debts | 44 | €1,276 | €1,238 | -€38 | -3.0% |
| Suppliers | 440/4 | €1,276 | €1,238 | -€38 | -3.0% |
| Taxes, remuneration and social security | 45 | €4,056 | €33,371 | +€29,315 | +722.8% |
| Taxes | 450/3 | €4,056 | €33,371 | +€29,315 | +722.8% |
| Other amounts payable | 47/48 | €6,366 | - | -€6,366 | |
| Accrued charges and deferred income | 492/3 | €74,714 | €74,714 | = | 0.0% |
| Non-recurring operating income | 76A | €1,826 | - | -€1,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12 | €220 | +€209 | +1794.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €112,000 | +€112,000 | |
| Other operating charges | 640/8 | €1,499 | €1,968 | +€468 | +31.2% |
| Non-recurring operating charges | 66A | - | €78,999 | +€78,999 | |
| Gross operating margin | 9900 | €110,571 | €55,881 | -€54,690 | -49.5% |
| Operating profit (loss) | 9901 | €109,060 | -€137,306 | -€246,366 | |
| Financial income | 75/76B | €36,091 | €729,920 | +€693,830 | +1922.5% |
| Recurring financial income | 75 | €36,091 | €729,920 | +€693,830 | +1922.5% |
| Financial charges | 65/66B | €66,761 | €45,702 | -€21,059 | -31.5% |
| Recurring financial charges | 65 | €5,715 | €16,449 | +€10,734 | +187.8% |
| Non-recurring financial charges | 66B | €61,046 | €29,253 | -€31,793 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €78,390 | €546,913 | +€468,522 | +597.7% |
| Income taxes | 67/77 | €31,759 | €49,691 | +€17,932 | +56.5% |
| Profit (loss) for the period | 9904 | €46,631 | €497,222 | +€450,591 | +966.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,631 | €497,222 | +€450,591 | +966.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.