ERE: 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.
ERE
Largest movements
- Tangible fixed assets +€38,236
up €38,236 (+1,041%), from €3,672 to €41,909
- Receivables within one year +€11,111
up €11,111 (+10.3%), from €107,759 to €118,870
of which Trade receivables: +€32,065
- Cash +€6,503
up €6,503 (+252%), from €2,576 to €9,079
mainly Trade debts (+€38,121) and Net result for the year (+€9,681)
- Trade debts +€38,121
up €38,121 (+64.2%), from €59,365 to €97,486
- Profit (loss) carried forward +€9,681
up €9,681 (+110%), from €8,796 to €18,477
- Other debts +€5,211
up €5,211 (+42.1%), from €12,390 to €17,601
- Gross operating margin +€5,182
up €5,182 (+31.1%), from €16,665 to €21,847
- Depreciation +€4,196
up €4,196 (+165%), from €2,548 to €6,744
- Other operating charges -€2,952
down €2,952 (-62.6%), from €4,712 to €1,761
- Taxes +€1,011
up €1,011 (+34.5%), from €2,934 to €3,945
- Financial charges -€973
down €973 (-77.1%), from €1,262 to €289
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 | €118,335 | €172,611 | +€54,275 | +45.9% |
| Fixed assets | 21/28 | €5,428 | €43,665 | +€38,236 | +704% |
| Tangible fixed assets | 22/27 | €3,672 | €41,909 | +€38,236 | +1,041% |
| Plant, machinery and equipment | 23 | €3,672 | €41,909 | +€38,236 | +1,041% |
| Financial fixed assets | 28 | €1,756 | €1,756 | = | 0.0% |
| Current assets | 29/58 | €112,907 | €128,946 | +€16,039 | +14.2% |
| Amounts receivable within one year | 40/41 | €107,759 | €118,870 | +€11,111 | +10.3% |
| Trade receivables | 40 | €83,442 | €115,507 | +€32,065 | +38.4% |
| Other amounts receivable | 41 | €24,318 | €3,363 | -€20,955 | -86.2% |
| Cash at bank and in hand | 54/58 | €2,576 | €9,079 | +€6,503 | +252% |
| Deferred charges and accrued income | 490/1 | €2,572 | €997 | -€1,575 | -61.2% |
| Total equity and liabilities | 10/49 | €118,335 | €172,611 | +€54,275 | +45.9% |
| Equity | 10/15 | €40,536 | €50,217 | +€9,681 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,140 | €13,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €11,280 | €13,140 | +€1,860 | +16.5% |
| Profit (loss) carried forward | 14 | €8,796 | €18,477 | +€9,681 | +110% |
| Amounts payable | 17/49 | €77,799 | €122,393 | +€44,594 | +57.3% |
| Amounts payable within one year | 42/48 | €77,799 | €122,393 | +€44,594 | +57.3% |
| Trade debts | 44 | €59,365 | €97,486 | +€38,121 | +64.2% |
| Suppliers | 440/4 | €59,365 | €97,486 | +€38,121 | +64.2% |
| Taxes, remuneration and social security | 45 | €6,044 | €7,306 | +€1,262 | +20.9% |
| Taxes | 450/3 | €6,044 | €7,306 | +€1,262 | +20.9% |
| Other amounts payable | 47/48 | €12,390 | €17,601 | +€5,211 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,548 | €6,744 | +€4,196 | +165% |
| Other operating charges | 640/8 | €4,712 | €1,761 | -€2,952 | -62.6% |
| Gross operating margin | 9900 | €16,665 | €21,847 | +€5,182 | +31.1% |
| Operating profit (loss) | 9901 | €9,405 | €13,343 | +€3,937 | +41.9% |
| Financial income | 75/76B | €4 | €573 | +€569 | +15,461% |
| Recurring financial income | 75 | €4 | €573 | +€569 | +15,461% |
| Financial charges | 65/66B | €1,262 | €289 | -€973 | -77.1% |
| Recurring financial charges | 65 | €1,262 | €289 | -€973 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €8,147 | €13,626 | +€5,479 | +67.3% |
| Income taxes | 67/77 | €2,934 | €3,945 | +€1,011 | +34.5% |
| Profit (loss) for the period | 9904 | €5,213 | €9,681 | +€4,468 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,213 | €9,681 | +€4,468 | +85.7% |
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 17 October 2026 via checked.be.