ERATHIS: 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.
ERATHIS
Largest movements
- Receivables within one year +€31,648
up €31,648 (+20.2%), from €156,867 to €188,516
of which Trade receivables: +€17,812
- Intangible fixed assets -€6,300
down €6,300 (-21.0%), from €29,940 to €23,640
- Tangible fixed assets +€6,204
up €6,204 (+279.0%), from €2,223 to €8,427
- Contributions +€150,000
up €150,000 (+375.0%), from €40,000 to €190,000
- Profit (loss) carried forward -€148,965
down €148,965 (-23579.8%), from -€632 to -€149,597
- Trade debts +€21,218
up €21,218 (+11.6%), from €183,248 to €204,465
- Tax, wage and social debts +€7,788
up €7,788 (+74.6%), from €10,441 to €18,229
- Gross operating margin -€142,098
down €142,098, from €3,637 to -€138,460
- Depreciation +€6,621
up €6,621 (+224.7%), from €2,946 to €9,567
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,057 | €263,098 | +€30,041 | +12.9% |
| Fixed assets | 21/28 | €53,920 | €53,823 | -€96 | -0.2% |
| Intangible fixed assets | 21 | €29,940 | €23,640 | -€6,300 | -21.0% |
| Tangible fixed assets | 22/27 | €2,223 | €8,427 | +€6,204 | +279.0% |
| Furniture and vehicles | 24 | €2,223 | €8,427 | +€6,204 | +279.0% |
| Financial fixed assets | 28 | €21,756 | €21,756 | = | 0.0% |
| Current assets | 29/58 | €179,137 | €209,274 | +€30,137 | +16.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,867 | €188,516 | +€31,648 | +20.2% |
| Trade receivables | 40 | €156,679 | €174,491 | +€17,812 | +11.4% |
| Other amounts receivable | 41 | €188 | €14,024 | +€13,836 | +7364.8% |
| Cash at bank and in hand | 54/58 | €2,270 | €758 | -€1,511 | -66.6% |
| Total equity and liabilities | 10/49 | €233,057 | €263,098 | +€30,041 | +12.9% |
| Equity | 10/15 | €39,368 | €40,403 | +€1,035 | +2.6% |
| Contributions | 10/11 | €40,000 | €190,000 | +€150,000 | +375.0% |
| Capital | 10 | €40,000 | €190,000 | +€150,000 | +375.0% |
| Issued capital | 100 | €40,000 | €190,000 | +€150,000 | +375.0% |
| Profit (loss) carried forward | 14 | -€632 | -€149,597 | -€148,965 | -23579.8% |
| Amounts payable | 17/49 | €193,688 | €222,694 | +€29,006 | +15.0% |
| Amounts payable within one year | 42/48 | €193,688 | €222,694 | +€29,006 | +15.0% |
| Trade debts | 44 | €183,248 | €204,465 | +€21,218 | +11.6% |
| Suppliers | 440/4 | €183,248 | €204,465 | +€21,218 | +11.6% |
| Taxes, remuneration and social security | 45 | €10,441 | €18,229 | +€7,788 | +74.6% |
| Taxes | 450/3 | €10,441 | €18,229 | +€7,788 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,946 | €9,567 | +€6,621 | +224.7% |
| Gross operating margin | 9900 | €3,637 | -€138,460 | -€142,098 | |
| Operating profit (loss) | 9901 | €691 | -€148,027 | -€148,718 | |
| Financial charges | 65/66B | €874 | €938 | +€63 | +7.3% |
| Recurring financial charges | 65 | €874 | €938 | +€63 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€183 | -€148,965 | -€148,782 | -81173.0% |
| Income taxes | 67/77 | €448 | - | -€448 | |
| Profit (loss) for the period | 9904 | -€632 | -€148,965 | -€148,333 | -23479.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€632 | -€148,965 | -€148,333 | -23479.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.