ERB PROJECT: 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.
ERB PROJECT
Largest movements
- Cash +€29,776
up €29,776 (+111%), from €26,937 to €56,713
mainly Net result for the year (+€43,563) and Tax, wage and social debts (+€11,889)
- Receivables within one year +€23,686
up €23,686 (+520%), from €4,557 to €28,243
- Deferred charges and accrued income +€1,253
new in 2025: €1,253
- Reserves +€43,563
up €43,563 (+369%), from €11,805 to €55,367
- Tax, wage and social debts +€11,889
up €11,889 (+151%), from €7,867 to €19,756
of which Taxes: +€16,537
- Trade debts -€2,290
down €2,290 (-90.6%), from €2,527 to €237
- Other debts +€1,553
up €1,553 (+24.7%), from €6,295 to €7,848
- Gross operating margin +€47,239
up €47,239 (+386%), from €12,242 to €59,480
- Taxes +€13,639
new in 2025: €13,639
- Other operating charges +€1,780
up €1,780 (+407%), from €437 to €2,217
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 | €31,494 | €86,209 | +€54,715 | +174% |
| Current assets | 29/58 | €31,494 | €86,209 | +€54,715 | +174% |
| Amounts receivable within one year | 40/41 | €4,557 | €28,243 | +€23,686 | +520% |
| Trade receivables | 40 | €4,557 | €28,243 | +€23,686 | +520% |
| Cash at bank and in hand | 54/58 | €26,937 | €56,713 | +€29,776 | +111% |
| Deferred charges and accrued income | 490/1 | - | €1,253 | +€1,253 | |
| Total equity and liabilities | 10/49 | €31,494 | €86,209 | +€54,715 | +174% |
| Equity | 10/15 | €14,805 | €58,367 | +€43,563 | +294% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,805 | €55,367 | +€43,563 | +369% |
| Distributable reserves | 133 | €11,805 | €55,367 | +€43,563 | +369% |
| Amounts payable | 17/49 | €16,689 | €27,842 | +€11,152 | +66.8% |
| Amounts payable within one year | 42/48 | €16,689 | €27,842 | +€11,152 | +66.8% |
| Trade debts | 44 | €2,527 | €237 | -€2,290 | -90.6% |
| Suppliers | 440/4 | €2,527 | €237 | -€2,290 | -90.6% |
| Taxes, remuneration and social security | 45 | €7,867 | €19,756 | +€11,889 | +151% |
| Taxes | 450/3 | €3,219 | €19,756 | +€16,537 | +514% |
| Remuneration and social security | 454/9 | €4,648 | - | -€4,648 | |
| Other amounts payable | 47/48 | €6,295 | €7,848 | +€1,553 | +24.7% |
| Other operating charges | 640/8 | €437 | €2,217 | +€1,780 | +407% |
| Gross operating margin | 9900 | €12,242 | €59,480 | +€47,239 | +386% |
| Operating profit (loss) | 9901 | €11,805 | €57,264 | +€45,459 | +385% |
| Financial charges | 65/66B | - | €62 | +€62 | |
| Recurring financial charges | 65 | - | €62 | +€62 | |
| Profit (loss) for the period before taxes | 9903 | €11,805 | €57,202 | +€45,397 | +385% |
| Income taxes | 67/77 | - | €13,639 | +€13,639 | |
| Profit (loss) for the period | 9904 | €11,805 | €43,563 | +€31,758 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €11,805 | €43,563 | +€31,758 | +269% |
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 14 October 2026 via checked.be.