ERAS'MUST: 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.
ERAS'MUST
Largest movements
- Cash -€6,427
down €6,427 (-42.6%), from €15,094 to €8,667
mainly Contributions, distributions and other (-€18,550) and Investment in fixed assets (net) (-€2,259)
- Tangible fixed assets +€1,130
up €1,130 (+59.1%), from €1,911 to €3,041
of which Furniture and vehicles: +€1,866
- Contributions -€18,550
down €18,550 (-99.7%), from €18,600 to €50
- Tax, wage and social debts +€10,052
up €10,052 (+314.8%), from €3,194 to €13,246
- Accrued charges and deferred income +€5,580
up €5,580, from €0 to €5,580
- Profit (loss) carried forward -€1,157
down €1,157 (-45.3%), from -€2,552 to -€3,709
- Trade debts -€1,043
down €1,043 (-6.5%), from €16,092 to €15,049
- Depreciation -€7,949
down €7,949 (-87.6%), from €9,078 to €1,129
- Gross operating margin -€4,646
down €4,646 (-99.9%), from €4,652 to €6
- Other operating charges -€2,305
down €2,305 (-76.6%), from €3,009 to €705
- Financial income -€112
down €112 (-12.2%), from €919 to €807
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 | €35,334 | €30,215 | -€5,118 | -14.5% |
| Fixed assets | 21/28 | €1,911 | €3,041 | +€1,130 | +59.1% |
| Tangible fixed assets | 22/27 | €1,911 | €3,041 | +€1,130 | +59.1% |
| Furniture and vehicles | 24 | €923 | €2,790 | +€1,866 | +202.1% |
| Other tangible fixed assets | 26 | €988 | €251 | -€736 | -74.6% |
| Current assets | 29/58 | €33,423 | €27,175 | -€6,248 | -18.7% |
| Amounts receivable within one year | 40/41 | €17,564 | €17,777 | +€213 | +1.2% |
| Trade receivables | 40 | €13,246 | €14,616 | +€1,370 | +10.3% |
| Other amounts receivable | 41 | €4,318 | €3,161 | -€1,157 | -26.8% |
| Cash at bank and in hand | 54/58 | €15,094 | €8,667 | -€6,427 | -42.6% |
| Deferred charges and accrued income | 490/1 | €764 | €731 | -€34 | -4.4% |
| Total equity and liabilities | 10/49 | €35,334 | €30,215 | -€5,118 | -14.5% |
| Equity | 10/15 | €16,048 | -€3,659 | -€19,707 | |
| Contributions | 10/11 | €18,600 | €50 | -€18,550 | -99.7% |
| Profit (loss) carried forward | 14 | -€2,552 | -€3,709 | -€1,157 | -45.3% |
| Amounts payable | 17/49 | €19,286 | €33,875 | +€14,588 | +75.6% |
| Amounts payable within one year | 42/48 | €19,286 | €28,295 | +€9,009 | +46.7% |
| Trade debts | 44 | €16,092 | €15,049 | -€1,043 | -6.5% |
| Suppliers | 440/4 | €16,092 | €15,049 | -€1,043 | -6.5% |
| Taxes, remuneration and social security | 45 | €3,194 | €13,246 | +€10,052 | +314.8% |
| Taxes | 450/3 | €3,194 | €13,246 | +€10,052 | +314.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €5,580 | +€5,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,078 | €1,129 | -€7,949 | -87.6% |
| Other operating charges | 640/8 | €3,009 | €705 | -€2,305 | -76.6% |
| Gross operating margin | 9900 | €4,652 | €6 | -€4,646 | -99.9% |
| Operating profit (loss) | 9901 | -€7,435 | -€1,828 | +€5,607 | +75.4% |
| Financial income | 75/76B | €919 | €807 | -€112 | -12.2% |
| Recurring financial income | 75 | €919 | €807 | -€112 | -12.2% |
| Financial charges | 65/66B | €141 | €136 | -€5 | -3.7% |
| Recurring financial charges | 65 | €141 | €136 | -€5 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,657 | -€1,157 | +€5,500 | +82.6% |
| Profit (loss) for the period | 9904 | -€6,657 | -€1,157 | +€5,500 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,657 | -€1,157 | +€5,500 | +82.6% |
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 10 October 2026 via checked.be.