EREBOR MANAGEMENT: 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.
EREBOR MANAGEMENT
Largest movements
- Cash +€6,410
up €6,410 (+43.6%), from €14,694 to €21,104
mainly Net result for the year (+€43,767) and Current portion of long-term debt (+€1,787)
- Profit (loss) carried forward +€43,767
up €43,767 (+51.5%), from €85,056 to €128,824
- Debts after one year -€38,351
down €38,351 (-48.8%), from €78,576 to €40,225
- Financial charges -€1,374
down €1,374 (-21.4%), from €6,418 to €5,044
- Gross operating margin +€560
up €560 (+32.0%), from -€1,748 to -€1,189
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 | €401,694 | €408,104 | +€6,410 | +1.6% |
| Fixed assets | 21/28 | €387,000 | €387,000 | = | 0.0% |
| Financial fixed assets | 28 | €387,000 | €387,000 | = | 0.0% |
| Current assets | 29/58 | €14,694 | €21,104 | +€6,410 | +43.6% |
| Cash at bank and in hand | 54/58 | €14,694 | €21,104 | +€6,410 | +43.6% |
| Total equity and liabilities | 10/49 | €401,694 | €408,104 | +€6,410 | +1.6% |
| Equity | 10/15 | €97,056 | €140,824 | +€43,767 | +45.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,056 | €128,824 | +€43,767 | +51.5% |
| Amounts payable | 17/49 | €304,637 | €267,280 | -€37,357 | -12.3% |
| Amounts payable after more than one year | 17 | €78,576 | €40,225 | -€38,351 | -48.8% |
| Financial debts | 170/4 | €78,576 | €40,225 | -€38,351 | -48.8% |
| Amounts payable within one year | 42/48 | €223,564 | €225,351 | +€1,787 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €36,564 | €38,351 | +€1,787 | +4.9% |
| Other amounts payable | 47/48 | €187,000 | €187,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,497 | €1,704 | -€793 | -31.8% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€1,748 | -€1,189 | +€560 | +32.0% |
| Operating profit (loss) | 9901 | -€1,798 | -€1,189 | +€610 | +33.9% |
| Financial income | 75/76B | €50,000 | €50,000 | = | 0.0% |
| Recurring financial income | 75 | €50,000 | €50,000 | = | 0.0% |
| Financial charges | 65/66B | €6,418 | €5,044 | -€1,374 | -21.4% |
| Recurring financial charges | 65 | €6,418 | €5,044 | -€1,374 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €41,784 | €43,767 | +€1,984 | +4.7% |
| Profit (loss) for the period | 9904 | €41,784 | €43,767 | +€1,984 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,784 | €43,767 | +€1,984 | +4.7% |
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 1 October 2026 via checked.be.