Erat: 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.
Erat
Largest movements
- Cash -€44,727
down €44,727 (-30.8%), from €145,350 to €100,623
mainly Investment in fixed assets (net) (-€35,763) and Trade debts (-€5,208)
- Tangible fixed assets +€32,615
up €32,615 (+277%), from €11,761 to €44,376
of which Other tangible fixed assets: +€33,433
- Receivables within one year +€3,559
up €3,559 (+9.5%), from €37,353 to €40,912
of which Other amounts receivable: +€3,679
- Trade debts -€5,208
down €5,208 (-61.8%), from €8,423 to €3,215
- Staff costs +€27,002
up €27,002 (+11.4%), from €236,107 to €263,109
- Gross operating margin -€17,374
down €17,374 (-6.2%), from €282,428 to €265,054
- Purchases and services +€6,913
up €6,913 (+8.0%), from €86,684 to €93,598
- Depreciation -€3,140
down €3,140 (-49.9%), from €6,288 to €3,148
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 | €204,042 | €197,324 | -€6,719 | -3.3% |
| Fixed assets | 21/28 | €21,321 | €53,936 | +€32,615 | +153% |
| Tangible fixed assets | 22/27 | €11,761 | €44,376 | +€32,615 | +277% |
| Plant, machinery and equipment | 23 | €858 | €1,193 | +€335 | +39.1% |
| Furniture and vehicles | 24 | €8,961 | €7,808 | -€1,153 | -12.9% |
| Other tangible fixed assets | 26 | €1,942 | €35,374 | +€33,433 | +1,722% |
| Financial fixed assets | 28 | €9,560 | €9,560 | = | 0.0% |
| Current assets | 29/58 | €182,722 | €143,388 | -€39,334 | -21.5% |
| Amounts receivable within one year | 40/41 | €37,353 | €40,912 | +€3,559 | +9.5% |
| Trade receivables | 40 | €643 | €523 | -€120 | -18.7% |
| Other amounts receivable | 41 | €36,710 | €40,389 | +€3,679 | +10.0% |
| Cash at bank and in hand | 54/58 | €145,350 | €100,623 | -€44,727 | -30.8% |
| Deferred charges and accrued income | 490/1 | €19 | €1,854 | +€1,835 | +9,682% |
| Total equity and liabilities | 10/49 | €204,042 | €197,324 | -€6,719 | -3.3% |
| Equity | 10/15 | €171,428 | €169,521 | -€1,908 | -1.1% |
| Profit (loss) carried forward | 14 | €171,428 | €169,521 | -€1,908 | -1.1% |
| Amounts payable | 17/49 | €32,614 | €27,803 | -€4,811 | -14.8% |
| Amounts payable within one year | 42/48 | €32,614 | €27,803 | -€4,811 | -14.8% |
| Trade debts | 44 | €8,423 | €3,215 | -€5,208 | -61.8% |
| Suppliers | 440/4 | €8,423 | €3,215 | -€5,208 | -61.8% |
| Taxes, remuneration and social security | 45 | €24,191 | €24,588 | +€396 | +1.6% |
| Taxes | 450/3 | €107 | - | -€107 | |
| Remuneration and social security | 454/9 | €24,084 | €24,588 | +€504 | +2.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €11,613 | €10,264 | -€1,349 | -11.6% |
| Membership fees, donations, legacies and grants | 73 | €336,441 | €327,205 | -€9,236 | -2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €86,684 | €93,598 | +€6,913 | +8.0% |
| Remuneration, social security and pensions | 62 | €236,107 | €263,109 | +€27,002 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,288 | €3,148 | -€3,140 | -49.9% |
| Other operating charges | 640/8 | €205 | €554 | +€350 | +171% |
| Gross operating margin | 9900 | €282,428 | €265,054 | -€17,374 | -6.2% |
| Operating profit (loss) | 9901 | €39,828 | -€1,757 | -€41,585 | |
| Financial income | 75/76B | €35 | €104 | +€69 | +199% |
| Recurring financial income | 75 | €35 | €104 | +€69 | +199% |
| Financial charges | 65/66B | €196 | €236 | +€40 | +20.7% |
| Recurring financial charges | 65 | €196 | €236 | +€40 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €39,667 | -€1,890 | -€41,556 | |
| Income taxes | 67/77 | €10 | €18 | +€8 | +72.7% |
| Profit (loss) for the period | 9904 | €39,657 | -€1,908 | -€41,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,657 | -€1,908 | -€41,564 |
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 28 October 2026 via checked.be.