Ereal: 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.
Ereal
Largest movements
- Cash +€10,908
up €10,908 (+113.6%), from €9,604 to €20,512
mainly Net result for the year (+€13,105) and Trade debts (+€12,628)
- Receivables within one year +€3,947
up €3,947 (+59.3%), from €6,651 to €10,598
of which Other amounts receivable: +€3,556
- Tangible fixed assets +€3,757
up €3,757 (+1.9%), from €198,621 to €202,378
of which Land and buildings: +€4,660
- Reserves +€13,105
up €13,105 (+25.0%), from €52,505 to €65,610
- Trade debts +€12,628
new in 2025: €12,628
- Debts after one year -€12,000
down €12,000 (-7.9%), from €152,000 to €140,000
- Other debts +€3,552
new in 2025: €3,552
- Other operating charges -€30,684
down €30,684 (-97.1%), from €31,589 to €906
- Gross operating margin -€19,008
down €19,008 (-35.9%), from €52,958 to €33,950
- Financial charges +€8,130
up €8,130 (+1628.7%), from €499 to €8,630
- Depreciation +€5,838
up €5,838 (+389.9%), from €1,497 to €7,335
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,877 | €233,489 | +€18,612 | +8.7% |
| Fixed assets | 21/28 | €198,621 | €202,378 | +€3,757 | +1.9% |
| Tangible fixed assets | 22/27 | €198,621 | €202,378 | +€3,757 | +1.9% |
| Land and buildings | 22 | €193,896 | €198,556 | +€4,660 | +2.4% |
| Plant, machinery and equipment | 23 | €2,727 | €2,034 | -€693 | -25.4% |
| Furniture and vehicles | 24 | €1,998 | €1,788 | -€210 | -10.5% |
| Current assets | 29/58 | €16,255 | €31,110 | +€14,855 | +91.4% |
| Amounts receivable within one year | 40/41 | €6,651 | €10,598 | +€3,947 | +59.3% |
| Trade receivables | 40 | €1,500 | €1,891 | +€391 | +26.1% |
| Other amounts receivable | 41 | €5,151 | €8,707 | +€3,556 | +69.0% |
| Cash at bank and in hand | 54/58 | €9,604 | €20,512 | +€10,908 | +113.6% |
| Total equity and liabilities | 10/49 | €214,877 | €233,489 | +€18,612 | +8.7% |
| Equity | 10/15 | €55,005 | €68,110 | +€13,105 | +23.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €52,505 | €65,610 | +€13,105 | +25.0% |
| Distributable reserves | 133 | €52,505 | €65,610 | +€13,105 | +25.0% |
| Amounts payable | 17/49 | €159,872 | €165,379 | +€5,507 | +3.4% |
| Amounts payable after more than one year | 17 | €152,000 | €140,000 | -€12,000 | -7.9% |
| Financial debts | 170/4 | €152,000 | €140,000 | -€12,000 | -7.9% |
| Amounts payable within one year | 42/48 | €7,872 | €25,379 | +€17,507 | +222.4% |
| Trade debts | 44 | - | €12,628 | +€12,628 | |
| Suppliers | 440/4 | - | €12,628 | +€12,628 | |
| Taxes, remuneration and social security | 45 | €7,872 | €9,199 | +€1,327 | +16.9% |
| Taxes | 450/3 | €7,872 | €9,199 | +€1,327 | +16.9% |
| Other amounts payable | 47/48 | - | €3,552 | +€3,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,497 | €7,335 | +€5,838 | +389.9% |
| Other operating charges | 640/8 | €31,589 | €906 | -€30,684 | -97.1% |
| Gross operating margin | 9900 | €52,958 | €33,950 | -€19,008 | -35.9% |
| Operating profit (loss) | 9901 | €19,872 | €25,709 | +€5,838 | +29.4% |
| Financial income | 75/76B | €224 | €280 | +€56 | +25.1% |
| Recurring financial income | 75 | €224 | €280 | +€56 | +25.1% |
| Financial charges | 65/66B | €499 | €8,630 | +€8,130 | +1628.7% |
| Recurring financial charges | 65 | €499 | €8,630 | +€8,130 | +1628.7% |
| Profit (loss) for the period before taxes | 9903 | €19,596 | €17,360 | -€2,237 | -11.4% |
| Income taxes | 67/77 | €4,669 | €4,254 | -€415 | -8.9% |
| Profit (loss) for the period | 9904 | €14,927 | €13,105 | -€1,822 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,927 | €13,105 | -€1,822 | -12.2% |
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 7 October 2026 via checked.be.