ErAu: 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.
ErAu
Largest movements
- Tangible fixed assets +€6,401
up €6,401 (+12.5%), from €51,236 to €57,637
of which Plant, machinery and equipment: +€13,002
- Receivables within one year -€6,246
down €6,246 (-89.0%), from €7,016 to €770
of which Trade receivables: -€7,016
- Cash +€2,752
up €2,752 (+3.9%), from €70,571 to €73,323
mainly Depreciation (+€22,939) and Other debts (+€7,581)
- Financial fixed assets -€1,631
no longer reported in 2025 (was €1,631)
- Profit (loss) carried forward -€7,678
down €7,678 (-17.3%), from €44,401 to €36,723
- Other debts +€7,581
up €7,581 (+3629.5%), from €209 to €7,790
- Trade debts +€3,855
up €3,855 (+85.0%), from €4,533 to €8,387
- Tax, wage and social debts -€2,172
down €2,172 (-63.7%), from €3,411 to €1,238
of which Taxes: -€3,196
- Gross operating margin -€7,733
down €7,733 (-24.8%), from €31,151 to €23,419
- Depreciation +€7,732
up €7,732 (+50.8%), from €15,207 to €22,939
- Taxes +€6,631
up €6,631 (+1095.3%), from €605 to €7,236
- Other operating charges -€513
down €513 (-36.7%), from €1,398 to €885
- Financial income -€489
down €489 (-65.2%), from €751 to €261
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 | €142,910 | €144,496 | +€1,586 | +1.1% |
| Fixed assets | 21/28 | €52,867 | €57,637 | +€4,770 | +9.0% |
| Tangible fixed assets | 22/27 | €51,236 | €57,637 | +€6,401 | +12.5% |
| Plant, machinery and equipment | 23 | €9,813 | €22,815 | +€13,002 | +132.5% |
| Furniture and vehicles | 24 | €41,423 | €34,822 | -€6,601 | -15.9% |
| Financial fixed assets | 28 | €1,631 | - | -€1,631 | |
| Current assets | 29/58 | €90,043 | €86,859 | -€3,184 | -3.5% |
| Stocks and contracts in progress | 3 | €12,456 | €12,766 | +€310 | +2.5% |
| Stocks | 30/36 | €12,456 | €12,766 | +€310 | +2.5% |
| Amounts receivable within one year | 40/41 | €7,016 | €770 | -€6,246 | -89.0% |
| Trade receivables | 40 | €7,016 | - | -€7,016 | |
| Other amounts receivable | 41 | - | €770 | +€770 | |
| Cash at bank and in hand | 54/58 | €70,571 | €73,323 | +€2,752 | +3.9% |
| Total equity and liabilities | 10/49 | €142,910 | €144,496 | +€1,586 | +1.1% |
| Equity | 10/15 | €134,758 | €127,081 | -€7,678 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,757 | €71,757 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €69,898 | €69,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,401 | €36,723 | -€7,678 | -17.3% |
| Amounts payable | 17/49 | €8,152 | €17,415 | +€9,263 | +113.6% |
| Amounts payable within one year | 42/48 | €8,152 | €17,415 | +€9,263 | +113.6% |
| Trade debts | 44 | €4,533 | €8,387 | +€3,855 | +85.0% |
| Suppliers | 440/4 | €4,533 | €8,387 | +€3,855 | +85.0% |
| Taxes, remuneration and social security | 45 | €3,411 | €1,238 | -€2,172 | -63.7% |
| Taxes | 450/3 | €3,411 | €214 | -€3,196 | -93.7% |
| Remuneration and social security | 454/9 | - | €1,024 | +€1,024 | |
| Other amounts payable | 47/48 | €209 | €7,790 | +€7,581 | +3629.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,207 | €22,939 | +€7,732 | +50.8% |
| Other operating charges | 640/8 | €1,398 | €885 | -€513 | -36.7% |
| Gross operating margin | 9900 | €31,151 | €23,419 | -€7,733 | -24.8% |
| Operating profit (loss) | 9901 | €14,546 | -€406 | -€14,952 | |
| Financial income | 75/76B | €751 | €261 | -€489 | -65.2% |
| Recurring financial income | 75 | €751 | €261 | -€489 | -65.2% |
| Financial charges | 65/66B | €516 | €297 | -€220 | -42.5% |
| Recurring financial charges | 65 | €516 | €297 | -€220 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €14,780 | -€441 | -€15,221 | |
| Income taxes | 67/77 | €605 | €7,236 | +€6,631 | +1095.3% |
| Profit (loss) for the period | 9904 | €14,174 | -€7,678 | -€21,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,174 | -€7,678 | -€21,852 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.