ERBOMAS: 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.
ERBOMAS
Largest movements
- Tangible fixed assets +€780,174
up €780,174 (+83.3%), from €936,579 to €1.7m
of which Land and buildings: +€781,537
- Receivables within one year -€458,195
down €458,195 (-80.4%), from €569,610 to €111,415
of which Other amounts receivable: -€374,427
- Cash +€297,738
up €297,738 (+583%), from €51,085 to €348,823
mainly Debts after one year (+€574,010) and Receivables within one year (+€458,195)
- Current investments +€42,266
up €42,266 (+14.4%), from €292,891 to €335,157
- Debts after one year +€574,010
new in 2024: €574,010
- Other debts +€251,057
up €251,057 (+2,660%), from €9,438 to €260,495
- Reserves -€243,036
down €243,036 (-10.0%), from €2.4m to €2.2m
of which Distributable reserves: -€243,036
- Current portion of long-term debt +€58,968
new in 2024: €58,968
- Depreciation +€50,720
up €50,720 (+47.3%), from €107,252 to €157,972
- Gross operating margin +€46,242
up €46,242 (+47.3%), from €97,733 to €143,975
- Financial charges +€25,046
up €25,046 (+32,740%), from €77 to €25,122
- Financial income -€6,371
down €6,371 (-31.3%), from €20,379 to €14,009
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.
Derived cash bridge
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 | €2,531,865 | €3,195,442 | +€663,577 | +26.2% |
| Fixed assets | 21/28 | €1,616,579 | €2,396,753 | +€780,174 | +48.3% |
| Tangible fixed assets | 22/27 | €936,579 | €1,716,753 | +€780,174 | +83.3% |
| Land and buildings | 22 | €934,562 | €1,716,099 | +€781,537 | +83.6% |
| Furniture and vehicles | 24 | €2,018 | €654 | -€1,364 | -67.6% |
| Financial fixed assets | 28 | €680,000 | €680,000 | = | 0.0% |
| Current assets | 29/58 | €915,285 | €798,689 | -€116,596 | -12.7% |
| Amounts receivable within one year | 40/41 | €569,610 | €111,415 | -€458,195 | -80.4% |
| Trade receivables | 40 | €113,442 | €29,674 | -€83,768 | -73.8% |
| Other amounts receivable | 41 | €456,168 | €81,741 | -€374,427 | -82.1% |
| Current investments | 50/53 | €292,891 | €335,157 | +€42,266 | +14.4% |
| Cash at bank and in hand | 54/58 | €51,085 | €348,823 | +€297,738 | +583% |
| Deferred charges and accrued income | 490/1 | €1,699 | €3,294 | +€1,595 | +93.9% |
| Total equity and liabilities | 10/49 | €2,531,865 | €3,195,442 | +€663,577 | +26.2% |
| Equity | 10/15 | €2,449,756 | €2,206,720 | -€243,036 | -9.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,429,756 | €2,186,720 | -€243,036 | -10.0% |
| Tax-exempt reserves | 132 | €640 | €640 | = | 0.0% |
| Distributable reserves | 133 | €2,429,115 | €2,186,080 | -€243,036 | -10.0% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €22,109 | €928,722 | +€906,613 | +4,101% |
| Amounts payable after more than one year | 17 | - | €574,010 | +€574,010 | |
| Financial debts | 170/4 | - | €574,010 | +€574,010 | |
| Amounts payable within one year | 42/48 | €21,241 | €353,837 | +€332,595 | +1,566% |
| Current portion of amounts payable after more than one year | 42 | - | €58,968 | +€58,968 | |
| Trade debts | 44 | €876 | €3,862 | +€2,987 | +341% |
| Suppliers | 440/4 | €876 | €3,862 | +€2,987 | +341% |
| Taxes, remuneration and social security | 45 | €10,928 | €30,511 | +€19,583 | +179% |
| Taxes | 450/3 | €10,928 | €30,511 | +€19,583 | +179% |
| Other amounts payable | 47/48 | €9,438 | €260,495 | +€251,057 | +2,660% |
| Accrued charges and deferred income | 492/3 | €868 | €875 | +€7 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,252 | €157,972 | +€50,720 | +47.3% |
| Other operating charges | 640/8 | €3,064 | €4,168 | +€1,105 | +36.1% |
| Gross operating margin | 9900 | €97,733 | €143,975 | +€46,242 | +47.3% |
| Operating profit (loss) | 9901 | -€12,583 | -€18,166 | -€5,583 | -44.4% |
| Financial income | 75/76B | €20,379 | €14,009 | -€6,371 | -31.3% |
| Recurring financial income | 75 | €20,379 | €14,009 | -€6,371 | -31.3% |
| Financial charges | 65/66B | €77 | €25,122 | +€25,046 | +32,740% |
| Recurring financial charges | 65 | €77 | €25,122 | +€25,046 | +32,740% |
| Profit (loss) for the period before taxes | 9903 | €7,720 | -€29,280 | -€37,000 | |
| Income taxes | 67/77 | €1,526 | €781 | -€744 | -48.8% |
| Profit (loss) for the period | 9904 | €6,194 | -€30,061 | -€36,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,194 | -€30,061 | -€36,255 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.