ERAT VIR: 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 VIR
Largest movements
- Receivables within one year -€13,569
down €13,569 (-47.1%), from €28,827 to €15,258
of which Other amounts receivable: -€14,560
- Tangible fixed assets -€5,945
down €5,945 (-29.4%), from €20,202 to €14,257
of which Other tangible fixed assets: -€3,933
- Trade debts -€12,711
no longer reported in 2025 (was €12,711)
- Reserves -€6,792
down €6,792 (-27.6%), from €24,569 to €17,777
of which Distributable reserves: -€6,792
- Gross operating margin +€21,312
up €21,312 (+95.7%), from -€22,265 to -€953
- Depreciation -€2,362
down €2,362 (-28.4%), from €8,307 to €5,945
- Financial income -€1,215
down €1,215 (-55.6%), from €2,187 to €971
- Other operating charges -€359
down €359 (-44.2%), from €813 to €453
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 | €49,031 | €29,523 | -€19,507 | -39.8% |
| Fixed assets | 21/28 | €20,202 | €14,257 | -€5,945 | -29.4% |
| Tangible fixed assets | 22/27 | €20,202 | €14,257 | -€5,945 | -29.4% |
| Plant, machinery and equipment | 23 | €2,673 | €1,322 | -€1,351 | -50.5% |
| Furniture and vehicles | 24 | €939 | €278 | -€661 | -70.4% |
| Other tangible fixed assets | 26 | €16,590 | €12,657 | -€3,933 | -23.7% |
| Current assets | 29/58 | €28,829 | €15,267 | -€13,562 | -47.0% |
| Amounts receivable within one year | 40/41 | €28,827 | €15,258 | -€13,569 | -47.1% |
| Trade receivables | 40 | €80 | €1,071 | +€991 | +1,238% |
| Other amounts receivable | 41 | €28,747 | €14,187 | -€14,560 | -50.6% |
| Cash at bank and in hand | 54/58 | €2 | €9 | +€7 | +311% |
| Total equity and liabilities | 10/49 | €49,031 | €29,523 | -€19,507 | -39.8% |
| Equity | 10/15 | €30,769 | €23,977 | -€6,792 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,569 | €17,777 | -€6,792 | -27.6% |
| Tax-exempt reserves | 132 | €5,432 | €5,432 | = | 0.0% |
| Distributable reserves | 133 | €19,137 | €12,345 | -€6,792 | -35.5% |
| Amounts payable | 17/49 | €18,262 | €5,546 | -€12,715 | -69.6% |
| Amounts payable within one year | 42/48 | €18,262 | €5,546 | -€12,715 | -69.6% |
| Trade debts | 44 | €12,711 | - | -€12,711 | |
| Suppliers | 440/4 | €12,711 | - | -€12,711 | |
| Taxes, remuneration and social security | 45 | €4 | - | -€4 | |
| Taxes | 450/3 | €4 | - | -€4 | |
| Other amounts payable | 47/48 | €5,546 | €5,546 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,307 | €5,945 | -€2,362 | -28.4% |
| Other operating charges | 640/8 | €813 | €453 | -€359 | -44.2% |
| Gross operating margin | 9900 | -€22,265 | -€953 | +€21,312 | +95.7% |
| Operating profit (loss) | 9901 | -€31,384 | -€7,351 | +€24,033 | +76.6% |
| Financial income | 75/76B | €2,187 | €971 | -€1,215 | -55.6% |
| Recurring financial income | 75 | €2,187 | €971 | -€1,215 | -55.6% |
| Financial charges | 65/66B | €397 | €412 | +€16 | +4.0% |
| Recurring financial charges | 65 | €397 | €412 | +€16 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,594 | -€6,792 | +€22,802 | +77.0% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | -€29,607 | -€6,792 | +€22,816 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,607 | -€6,792 | +€22,816 | +77.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.