EREBOR: 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.
EREBOR
Largest movements
- Cash -€9,810
down €9,810 (-47.0%), from €20,858 to €11,048
mainly Contributions, distributions and other (-€30,000) and Net result for the year (-€11,262)
- Receivables within one year +€8,695
up €8,695 (+75.0%), from €11,592 to €20,287
of which Other amounts receivable: +€14,394
- Tangible fixed assets -€6,686
down €6,686 (-37.9%), from €17,624 to €10,938
of which Furniture and vehicles: -€6,294
- Deferred charges and accrued income -€3,346
down €3,346 (-34.7%), from €9,644 to €6,298
- Reserves -€41,262
down €41,262 (-74.8%), from €55,187 to €13,925
- Other debts +€29,381
up €29,381 (+3420.4%), from €859 to €30,240
- Trade debts +€1,028
up €1,028 (+84.4%), from €1,218 to €2,246
- Gross operating margin -€27,800
down €27,800, from €23,688 to -€4,112
- Taxes -€3,703
down €3,703 (-90.5%), from €4,091 to €388
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 | €64,718 | €53,571 | -€11,147 | -17.2% |
| Fixed assets | 21/28 | €22,624 | €15,938 | -€6,686 | -29.6% |
| Tangible fixed assets | 22/27 | €17,624 | €10,938 | -€6,686 | -37.9% |
| Plant, machinery and equipment | 23 | €1,213 | €822 | -€392 | -32.3% |
| Furniture and vehicles | 24 | €16,411 | €10,116 | -€6,294 | -38.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €42,094 | €37,633 | -€4,461 | -10.6% |
| Amounts receivable within one year | 40/41 | €11,592 | €20,287 | +€8,695 | +75.0% |
| Trade receivables | 40 | €7,986 | €2,287 | -€5,699 | -71.4% |
| Other amounts receivable | 41 | €3,606 | €18,000 | +€14,394 | +399.2% |
| Cash at bank and in hand | 54/58 | €20,858 | €11,048 | -€9,810 | -47.0% |
| Deferred charges and accrued income | 490/1 | €9,644 | €6,298 | -€3,346 | -34.7% |
| Total equity and liabilities | 10/49 | €64,718 | €53,571 | -€11,147 | -17.2% |
| Equity | 10/15 | €56,687 | €15,425 | -€41,262 | -72.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €55,187 | €13,925 | -€41,262 | -74.8% |
| Distributable reserves | 133 | €55,187 | €13,925 | -€41,262 | -74.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,031 | €38,146 | +€30,115 | +375.0% |
| Amounts payable within one year | 42/48 | €8,031 | €38,146 | +€30,115 | +375.0% |
| Trade debts | 44 | €1,218 | €2,246 | +€1,028 | +84.4% |
| Suppliers | 440/4 | €1,218 | €2,246 | +€1,028 | +84.4% |
| Taxes, remuneration and social security | 45 | €5,954 | €5,660 | -€294 | -4.9% |
| Taxes | 450/3 | €5,954 | €1,569 | -€4,385 | -73.6% |
| Remuneration and social security | 454/9 | - | €4,091 | +€4,091 | |
| Other amounts payable | 47/48 | €859 | €30,240 | +€29,381 | +3420.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,666 | €6,686 | +€20 | +0.3% |
| Gross operating margin | 9900 | €23,688 | -€4,112 | -€27,800 | |
| Operating profit (loss) | 9901 | €17,022 | -€10,798 | -€27,819 | |
| Financial income | 75/76B | €101 | €0 | -€100 | -99.8% |
| Recurring financial income | 75 | €101 | €0 | -€100 | -99.8% |
| Financial charges | 65/66B | €114 | €76 | -€38 | -33.4% |
| Recurring financial charges | 65 | €114 | €76 | -€38 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €17,008 | -€10,874 | -€27,882 | |
| Income taxes | 67/77 | €4,091 | €388 | -€3,703 | -90.5% |
| Profit (loss) for the period | 9904 | €12,917 | -€11,262 | -€24,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,917 | -€11,262 | -€24,179 |
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 12 October 2026 via checked.be.