ERAWE: 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.
What changed
ERAWE
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€224,468
2024 · €218,941+€5,527
Equity
€2.5m
2024 · €2.2m+€224,468
Cash
€15,969
2024 · €14,150+€1,819
Balance sheet total
€5.4m
2024 · €5.4m+€24,634
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€224,468
up €224,468 (+10.8%), from €2.1m to €2.3m
- Debts after one year -€177,857
down €177,857 (-7.6%), from €2.3m to €2.2m
of which Financial debts: -€177,857
Income statement
- Turnover -€85,000
down €85,000 (-31.3%), from €271,600 to €186,600
- Financial income +€66,339
up €66,339 (+56.5%), from €117,338 to €183,677
- Taxes -€20,523
down €20,523 (-47.5%), from €43,197 to €22,674
- Financial charges -€4,876
down €4,876 (-7.2%), from €67,376 to €62,499
- Services and other goods +€3,200
up €3,200 (+4.8%), from €67,186 to €70,386
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.
Result 2024
€218,941
Turnover
-€85,000
Other operating income
-€295
Services and other goods
-€3,200
Depreciation
+€1,029
Other operating charges
+€1,255
Financial income
+€66,339
Financial charges
+€4,876
Taxes
+€20,523
Result 2025
€224,468
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.
From operations
+€189,827
Investment
€0
Financing
-€188,008
Cash 2024
€14,150
From operations (derived)
+€189,827
Net result for the year
+€224,468
Receivables after one year
-€22,359
Deferred charges and accrued income
-€455
Trade debts
+€3,046
Tax, wage and social debts
+€12,750
Other debts
-€26,619
Accrued charges and deferred income
-€1,004
Financing
-€188,008
Debts after one year
-€177,857
Current portion of long-term debt
-€10,151
Cash 2025
€15,969
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,360,531 | €5,385,165 | +€24,634 | +0.5% |
| Fixed assets | 21/28 | €4,443,987 | €4,443,987 | = | 0.0% |
| Financial fixed assets | 28 | €4,443,987 | €4,443,987 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €4,443,987 | €4,443,987 | = | 0.0% |
| Participating interests | 282 | €4,443,987 | €4,443,987 | = | 0.0% |
| Current assets | 29/58 | €916,544 | €941,178 | +€24,634 | +2.7% |
| Amounts receivable after more than one year | 29 | €877,249 | €899,608 | +€22,359 | +2.5% |
| Other amounts receivable | 291 | €877,249 | €899,608 | +€22,359 | +2.5% |
| Cash at bank and in hand | 54/58 | €14,150 | €15,969 | +€1,819 | +12.9% |
| Deferred charges and accrued income | 490/1 | €25,145 | €25,600 | +€455 | +1.8% |
| Total equity and liabilities | 10/49 | €5,360,531 | €5,385,165 | +€24,634 | +0.5% |
| Equity | 10/15 | €2,243,828 | €2,468,296 | +€224,468 | +10.0% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €151,804 | €151,804 | = | 0.0% |
| Distributable reserves | 133 | €151,804 | €151,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,085,700 | €2,310,168 | +€224,468 | +10.8% |
| Amounts payable | 17/49 | €3,116,703 | €2,916,869 | -€199,834 | -6.4% |
| Amounts payable after more than one year | 17 | €2,333,570 | €2,155,713 | -€177,857 | -7.6% |
| Financial debts | 170/4 | €533,570 | €355,713 | -€177,857 | -33.3% |
| Credit institutions | 173 | €533,570 | €355,713 | -€177,857 | -33.3% |
| Other amounts payable | 178/9 | €1,800,000 | €1,800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €733,788 | €712,814 | -€20,974 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €188,008 | €177,857 | -€10,151 | -5.4% |
| Trade debts | 44 | €6,048 | €9,095 | +€3,046 | +50.4% |
| Suppliers | 440/4 | €6,048 | €9,095 | +€3,046 | +50.4% |
| Taxes, remuneration and social security | 45 | €14,683 | €27,433 | +€12,750 | +86.8% |
| Taxes | 450/3 | €14,683 | €27,433 | +€12,750 | +86.8% |
| Other amounts payable | 47/48 | €525,049 | €498,430 | -€26,619 | -5.1% |
| Accrued charges and deferred income | 492/3 | €49,345 | €48,341 | -€1,004 | -2.0% |
| Operating income | 70/76A | €284,484 | €199,189 | -€85,295 | -30.0% |
| Turnover | 70 | €271,600 | €186,600 | -€85,000 | -31.3% |
| Other operating income | 74 | €12,884 | €12,589 | -€295 | -2.3% |
| Operating charges | 60/66A | €72,308 | €73,224 | +€916 | +1.3% |
| Services and other goods | 61 | €67,186 | €70,386 | +€3,200 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | - | -€1,029 | |
| Other operating charges | 640/8 | €4,093 | €2,839 | -€1,255 | -30.7% |
| Operating profit (loss) | 9901 | €212,176 | €125,965 | -€86,211 | -40.6% |
| Financial income | 75/76B | €117,338 | €183,677 | +€66,339 | +56.5% |
| Recurring financial income | 75 | €117,338 | €183,677 | +€66,339 | +56.5% |
| Income from financial fixed assets | 750 | €117,338 | €183,677 | +€66,339 | +56.5% |
| Financial charges | 65/66B | €67,376 | €62,499 | -€4,876 | -7.2% |
| Recurring financial charges | 65 | €67,376 | €62,499 | -€4,876 | -7.2% |
| Debt charges | 650 | €67,206 | €62,499 | -€4,706 | -7.0% |
| Other financial charges | 652/9 | €170 | - | -€170 | |
| Profit (loss) for the period before taxes | 9903 | €262,139 | €247,143 | -€14,996 | -5.7% |
| Income taxes | 67/77 | €43,197 | €22,674 | -€20,523 | -47.5% |
| Taxes | 670/3 | €43,197 | €22,674 | -€20,523 | -47.5% |
| Profit (loss) for the period | 9904 | €218,941 | €224,468 | +€5,527 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €218,941 | €224,468 | +€5,527 | +2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.