ERASEC: 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.
ERASEC
Largest movements
- Receivables within one year +€51,580
up €51,580 (+424.2%), from €12,159 to €63,739
of which Other amounts receivable: +€43,080
- Cash +€21,827
up €21,827 (+153.5%), from €14,220 to €36,047
mainly Net result for the year (+€52,371) and Tax, wage and social debts (+€17,729)
- Tangible fixed assets -€6,085
down €6,085 (-56.3%), from €10,800 to €4,715
- Deferred charges and accrued income -€1,321
down €1,321 (-90.4%), from €1,461 to €140
- Profit (loss) carried forward +€52,371
up €52,371 (+144.8%), from €36,163 to €88,534
- Tax, wage and social debts +€17,729
up €17,729 (+394.3%), from €4,496 to €22,225
- Debts after one year -€3,861
down €3,861 (-53.5%), from €7,216 to €3,355
- Gross operating margin +€70,041
up €70,041 (+862.5%), from €8,121 to €78,162
- Taxes +€18,918
up €18,918 (+1571.8%), from €1,204 to €20,122
- Financial charges -€3,111
down €3,111 (-83.7%), from €3,718 to €607
- Financial income +€1,430
up €1,430 (+170.2%), from €840 to €2,271
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 | €58,141 | €124,141 | +€66,000 | +113.5% |
| Fixed assets | 21/28 | €10,800 | €4,715 | -€6,085 | -56.3% |
| Tangible fixed assets | 22/27 | €10,800 | €4,715 | -€6,085 | -56.3% |
| Furniture and vehicles | 24 | €10,800 | €4,715 | -€6,085 | -56.3% |
| Current assets | 29/58 | €47,340 | €119,426 | +€72,085 | +152.3% |
| Amounts receivable after more than one year | 29 | €19,500 | €19,500 | = | 0.0% |
| Other amounts receivable | 291 | €19,500 | €19,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,159 | €63,739 | +€51,580 | +424.2% |
| Trade receivables | 40 | €2,546 | €11,045 | +€8,499 | +333.9% |
| Other amounts receivable | 41 | €9,614 | €52,694 | +€43,080 | +448.1% |
| Cash at bank and in hand | 54/58 | €14,220 | €36,047 | +€21,827 | +153.5% |
| Deferred charges and accrued income | 490/1 | €1,461 | €140 | -€1,321 | -90.4% |
| Total equity and liabilities | 10/49 | €58,141 | €124,141 | +€66,000 | +113.5% |
| Equity | 10/15 | €38,663 | €91,034 | +€52,371 | +135.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,163 | €88,534 | +€52,371 | +144.8% |
| Amounts payable | 17/49 | €19,477 | €33,107 | +€13,629 | +70.0% |
| Amounts payable after more than one year | 17 | €7,216 | €3,355 | -€3,861 | -53.5% |
| Financial debts | 170/4 | €7,216 | €3,355 | -€3,861 | -53.5% |
| Amounts payable within one year | 42/48 | €12,262 | €29,752 | +€17,490 | +142.6% |
| Current portion of amounts payable after more than one year | 42 | €3,689 | €3,861 | +€172 | +4.7% |
| Financial debts | 43 | - | €198 | +€198 | |
| Credit institutions | 430/8 | - | €198 | +€198 | |
| Trade debts | 44 | €4,077 | €3,468 | -€609 | -14.9% |
| Suppliers | 440/4 | €4,077 | €3,468 | -€609 | -14.9% |
| Taxes, remuneration and social security | 45 | €4,496 | €22,225 | +€17,729 | +394.3% |
| Taxes | 450/3 | €4,496 | €22,225 | +€17,729 | +394.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,085 | €6,085 | = | 0.0% |
| Other operating charges | 640/8 | €512 | €1,248 | +€736 | +143.7% |
| Gross operating margin | 9900 | €8,121 | €78,162 | +€70,041 | +862.5% |
| Operating profit (loss) | 9901 | €1,523 | €70,828 | +€69,305 | +4549.5% |
| Financial income | 75/76B | €840 | €2,271 | +€1,430 | +170.2% |
| Recurring financial income | 75 | €840 | €2,271 | +€1,430 | +170.2% |
| Financial charges | 65/66B | €3,718 | €607 | -€3,111 | -83.7% |
| Recurring financial charges | 65 | €3,718 | €607 | -€3,111 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,354 | €72,492 | +€73,846 | |
| Income taxes | 67/77 | €1,204 | €20,122 | +€18,918 | +1571.8% |
| Profit (loss) for the period | 9904 | -€2,558 | €52,371 | +€54,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,558 | €52,371 | +€54,928 |
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 28 September 2026 via checked.be.