ERBA23: 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.
ERBA23
Largest movements
- Stocks and contracts -€100,629
down €100,629 (-39.2%), from €256,427 to €155,797
- Receivables within one year +€80,461
up €80,461 (+717.5%), from €11,214 to €91,674
of which Other amounts receivable: +€84,255
- Tangible fixed assets -€4,548
down €4,548 (-23.8%), from €19,088 to €14,541
of which Furniture and vehicles: -€4,983
- Cash -€3,824
down €3,824 (-38.5%), from €9,937 to €6,112
mainly Receivables within one year (-€80,461) and Trade debts (-€43,220)
- Reserves +€67,760
new in 2024: €67,760
- Profit (loss) carried forward -€44,999
no longer reported in 2024 (was €44,999)
- Trade debts -€43,220
down €43,220 (-25.8%), from €167,613 to €124,393
- Tax, wage and social debts -€6,952
down €6,952 (-10.8%), from €64,324 to €57,371
of which Remuneration and social security: -€14,495
- Staff costs -€9,321
down €9,321 (-10.8%), from €86,456 to €77,136
- Gross operating margin -€4,752
down €4,752 (-3.4%), from €139,107 to €134,355
- Taxes +€3,191
up €3,191 (+53.7%), from €5,944 to €9,135
- Depreciation +€2,436
up €2,436 (+55.9%), from €4,362 to €6,798
- Financial income +€2,249
up €2,249 (+752.5%), from €299 to €2,548
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 | €296,665 | €268,125 | -€28,541 | -9.6% |
| Fixed assets | 21/28 | €19,088 | €14,541 | -€4,548 | -23.8% |
| Tangible fixed assets | 22/27 | €19,088 | €14,541 | -€4,548 | -23.8% |
| Plant, machinery and equipment | 23 | - | €2,136 | +€2,136 | |
| Furniture and vehicles | 24 | €11,660 | €6,676 | -€4,983 | -42.7% |
| Other tangible fixed assets | 26 | €7,429 | €5,729 | -€1,700 | -22.9% |
| Current assets | 29/58 | €277,577 | €253,584 | -€23,993 | -8.6% |
| Stocks and contracts in progress | 3 | €256,427 | €155,797 | -€100,629 | -39.2% |
| Stocks | 30/36 | €256,427 | €155,797 | -€100,629 | -39.2% |
| Amounts receivable within one year | 40/41 | €11,214 | €91,674 | +€80,461 | +717.5% |
| Trade receivables | 40 | €11,214 | €7,419 | -€3,795 | -33.8% |
| Other amounts receivable | 41 | - | €84,255 | +€84,255 | |
| Cash at bank and in hand | 54/58 | €9,937 | €6,112 | -€3,824 | -38.5% |
| Total equity and liabilities | 10/49 | €296,665 | €268,125 | -€28,541 | -9.6% |
| Equity | 10/15 | €63,599 | €86,360 | +€22,761 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €67,760 | +€67,760 | |
| Distributable reserves | 133 | - | €67,760 | +€67,760 | |
| Profit (loss) carried forward | 14 | €44,999 | - | -€44,999 | |
| Amounts payable | 17/49 | €233,066 | €181,765 | -€51,302 | -22.0% |
| Amounts payable within one year | 42/48 | €233,066 | €181,765 | -€51,302 | -22.0% |
| Trade debts | 44 | €167,613 | €124,393 | -€43,220 | -25.8% |
| Suppliers | 440/4 | €167,613 | €124,393 | -€43,220 | -25.8% |
| Taxes, remuneration and social security | 45 | €64,324 | €57,371 | -€6,952 | -10.8% |
| Taxes | 450/3 | €19,895 | €27,438 | +€7,543 | +37.9% |
| Remuneration and social security | 454/9 | €44,429 | €29,934 | -€14,495 | -32.6% |
| Other amounts payable | 47/48 | €1,130 | - | -€1,130 | |
| Remuneration, social security and pensions | 62 | €86,456 | €77,136 | -€9,321 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,362 | €6,798 | +€2,436 | +55.9% |
| Other operating charges | 640/8 | €1,107 | €3,253 | +€2,146 | +193.9% |
| Gross operating margin | 9900 | €139,107 | €134,355 | -€4,752 | -3.4% |
| Operating profit (loss) | 9901 | €47,182 | €47,169 | -€13 | 0.0% |
| Financial income | 75/76B | €299 | €2,548 | +€2,249 | +752.5% |
| Recurring financial income | 75 | €299 | €2,548 | +€2,249 | +752.5% |
| Financial charges | 65/66B | €19,584 | €17,821 | -€1,762 | -9.0% |
| Recurring financial charges | 65 | €19,584 | €17,821 | -€1,762 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €27,897 | €31,896 | +€3,999 | +14.3% |
| Income taxes | 67/77 | €5,944 | €9,135 | +€3,191 | +53.7% |
| Profit (loss) for the period | 9904 | €21,953 | €22,761 | +€808 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,953 | €22,761 | +€808 | +3.7% |
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 10 October 2026 via checked.be.