Erasmus Student Network: 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.
Erasmus Student Network
Largest movements
- Cash +€334,793
up €334,793 (+39.3%), from €851,119 to €1.2m
mainly Receivables within one year (+€328,044) and Net result for the year (+€196,834)
- Receivables within one year -€328,044
down €328,044 (-18.6%), from €1.8m to €1.4m
of which Other amounts receivable: -€336,532
- Accrued charges and deferred income -€250,242
down €250,242 (-11.1%), from €2.3m to €2.0m
- Profit (loss) carried forward +€196,834
up €196,834 (+106%), from €185,900 to €382,734
- Debts within one year +€59,625
up €59,625 (+47.9%), from €124,519 to €184,144
of which Tax, wage and social debts: +€47,344
- Gross operating margin +€247,410
up €247,410 (+32.4%), from €762,668 to €1.0m
- Purchases and services -€84,657
down €84,657 (-7.7%), from €1.1m to €1.0m
- Staff costs +€64,873
up €64,873 (+9.0%), from €721,620 to €786,494
- Turnover -€45,898
down €45,898 (-21.7%), from €211,076 to €165,177
- Write-downs +€20,000
new in 2025: €20,000
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.
Derived cash bridge
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 | €2,658,730 | €2,664,946 | +€6,216 | +0.2% |
| Fixed assets | 21/28 | €22,162 | €24,493 | +€2,331 | +10.5% |
| Intangible fixed assets | 21 | €229 | €0 | -€229 | -100% |
| Tangible fixed assets | 22/27 | €3,614 | €6,055 | +€2,441 | +67.6% |
| Furniture and vehicles | 24 | €3,614 | €6,055 | +€2,441 | +67.6% |
| Financial fixed assets | 28 | €18,319 | €18,438 | +€119 | +0.7% |
| Current assets | 29/58 | €2,636,568 | €2,640,453 | +€3,885 | +0.1% |
| Stocks and contracts in progress | 3 | €8,252 | €6,660 | -€1,592 | -19.3% |
| Stocks | 30/36 | €8,252 | €6,660 | -€1,592 | -19.3% |
| Amounts receivable within one year | 40/41 | €1,759,009 | €1,430,965 | -€328,044 | -18.6% |
| Trade receivables | 40 | €41,166 | €49,654 | +€8,488 | +20.6% |
| Other amounts receivable | 41 | €1,717,843 | €1,381,311 | -€336,532 | -19.6% |
| Cash at bank and in hand | 54/58 | €851,119 | €1,185,912 | +€334,793 | +39.3% |
| Deferred charges and accrued income | 490/1 | €18,188 | €16,917 | -€1,271 | -7.0% |
| Total equity and liabilities | 10/49 | €2,658,730 | €2,664,946 | +€6,216 | +0.2% |
| Equity | 10/15 | €269,968 | €466,801 | +€196,834 | +72.9% |
| Contributions | 10/11 | €84,068 | €84,068 | = | 0.0% |
| Capital | 10 | €84,068 | €84,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,900 | €382,734 | +€196,834 | +106% |
| Amounts payable | 17/49 | €2,388,762 | €2,198,145 | -€190,617 | -8.0% |
| Amounts payable within one year | 42/48 | €124,519 | €184,144 | +€59,625 | +47.9% |
| Trade debts | 44 | €47,933 | €32,601 | -€15,332 | -32.0% |
| Suppliers | 440/4 | €47,933 | €32,601 | -€15,332 | -32.0% |
| Taxes, remuneration and social security | 45 | €63,033 | €110,377 | +€47,344 | +75.1% |
| Taxes | 450/3 | €559 | €12,122 | +€11,563 | +2,069% |
| Remuneration and social security | 454/9 | €62,474 | €98,255 | +€35,781 | +57.3% |
| Accrued charges and deferred income | 492/3 | €2,264,243 | €2,014,001 | -€250,242 | -11.1% |
| Turnover | 70 | €211,076 | €165,177 | -€45,898 | -21.7% |
| Membership fees, donations, legacies and grants | 73 | €1,549,834 | €1,798,670 | +€248,837 | +16.1% |
| Non-recurring operating income | 76A | €18,805 | €4,073 | -€14,732 | -78.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,095,769 | €1,011,112 | -€84,657 | -7.7% |
| Remuneration, social security and pensions | 62 | €721,620 | €786,494 | +€64,873 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €3,220 | +€1,117 | +53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,000 | +€20,000 | |
| Non-recurring operating charges | 66A | €278 | €7,456 | +€7,178 | +2,584% |
| Gross operating margin | 9900 | €762,668 | €1,010,079 | +€247,410 | +32.4% |
| Operating profit (loss) | 9901 | €38,667 | €192,909 | +€154,242 | +399% |
| Financial income | 75/76B | €9,860 | €5,216 | -€4,644 | -47.1% |
| Recurring financial income | 75 | €9,860 | €5,216 | -€4,644 | -47.1% |
| Financial charges | 65/66B | €1,985 | €1,291 | -€694 | -35.0% |
| Recurring financial charges | 65 | €1,985 | €1,291 | -€694 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €46,542 | €196,834 | +€150,292 | +323% |
| Profit (loss) for the period | 9904 | €46,542 | €196,834 | +€150,292 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €46,542 | €196,834 | +€150,292 | +323% |
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 16 October 2026 via checked.be.