ERAPHAR: 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.
ERAPHAR
Largest movements
- Receivables within one year +€9,292
up €9,292 (+52.1%), from €17,827 to €27,119
of which Other amounts receivable: +€5,235
- Cash +€4,531
up €4,531 (+29.9%), from €15,164 to €19,695
mainly Net result for the year (+€12,094) and Depreciation (+€1,404)
- Tangible fixed assets -€1,404
down €1,404 (-43.4%), from €3,234 to €1,830
- Deferred charges and accrued income -€518
down €518 (-25.8%), from €2,006 to €1,488
- Profit (loss) carried forward +€12,094
up €12,094 (+45.0%), from €26,863 to €38,957
- Tax, wage and social debts -€1,651
down €1,651 (-17.6%), from €9,398 to €7,747
of which Remuneration and social security: -€2,318
- Trade debts +€1,080
up €1,080 (+62.5%), from €1,728 to €2,808
- Gross operating margin +€2,184
up €2,184 (+14.8%), from €14,773 to €16,957
- Taxes +€496
up €496 (+15.6%), from €3,189 to €3,685
- Financial income +€273
up €273 (+64.2%), from €425 to €698
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 | €38,230 | €50,132 | +€11,901 | +31.1% |
| Fixed assets | 21/28 | €3,234 | €1,830 | -€1,404 | -43.4% |
| Tangible fixed assets | 22/27 | €3,234 | €1,830 | -€1,404 | -43.4% |
| Furniture and vehicles | 24 | €3,234 | €1,830 | -€1,404 | -43.4% |
| Current assets | 29/58 | €34,997 | €48,302 | +€13,305 | +38.0% |
| Amounts receivable within one year | 40/41 | €17,827 | €27,119 | +€9,292 | +52.1% |
| Trade receivables | 40 | €6,699 | €10,756 | +€4,057 | +60.6% |
| Other amounts receivable | 41 | €11,128 | €16,363 | +€5,235 | +47.0% |
| Cash at bank and in hand | 54/58 | €15,164 | €19,695 | +€4,531 | +29.9% |
| Deferred charges and accrued income | 490/1 | €2,006 | €1,488 | -€518 | -25.8% |
| Total equity and liabilities | 10/49 | €38,230 | €50,132 | +€11,901 | +31.1% |
| Equity | 10/15 | €27,063 | €39,157 | +€12,094 | +44.7% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,863 | €38,957 | +€12,094 | +45.0% |
| Amounts payable | 17/49 | €11,168 | €10,975 | -€193 | -1.7% |
| Amounts payable within one year | 42/48 | €11,126 | €10,555 | -€570 | -5.1% |
| Trade debts | 44 | €1,728 | €2,808 | +€1,080 | +62.5% |
| Suppliers | 440/4 | €1,728 | €2,808 | +€1,080 | +62.5% |
| Taxes, remuneration and social security | 45 | €9,398 | €7,747 | -€1,651 | -17.6% |
| Taxes | 450/3 | €7,080 | €7,747 | +€667 | +9.4% |
| Remuneration and social security | 454/9 | €2,318 | - | -€2,318 | |
| Accrued charges and deferred income | 492/3 | €42 | €419 | +€377 | +899.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,254 | €1,404 | +€150 | +12.0% |
| Other operating charges | 640/8 | €436 | €400 | -€36 | -8.3% |
| Gross operating margin | 9900 | €14,773 | €16,957 | +€2,184 | +14.8% |
| Operating profit (loss) | 9901 | €13,083 | €15,154 | +€2,071 | +15.8% |
| Financial income | 75/76B | €425 | €698 | +€273 | +64.2% |
| Recurring financial income | 75 | €425 | €698 | +€273 | +64.2% |
| Financial charges | 65/66B | €110 | €72 | -€38 | -34.4% |
| Recurring financial charges | 65 | €110 | €72 | -€38 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €13,398 | €15,779 | +€2,381 | +17.8% |
| Income taxes | 67/77 | €3,189 | €3,685 | +€496 | +15.6% |
| Profit (loss) for the period | 9904 | €10,209 | €12,094 | +€1,885 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,209 | €12,094 | +€1,885 | +18.5% |
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 2 October 2026 via checked.be.