EREO: 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.
EREO
Largest movements
- Cash +€12,036
up €12,036 (+28.9%), from €41,682 to €53,718
mainly Net result for the year (+€31,140) and Deferred charges and accrued income (+€860)
- Receivables within one year +€11,226
up €11,226 (+123.5%), from €9,088 to €20,314
of which Trade receivables: +€11,173
- Current investments +€5,000
new in 2025: €5,000
- Tangible fixed assets +€2,316
new in 2025: €2,316
- Deferred charges and accrued income -€860
no longer reported in 2025 (was €860)
- Profit (loss) carried forward +€30,307
up €30,307 (+84.5%), from €35,881 to €66,188
- Trade debts -€1,015
down €1,015 (-39.6%), from €2,560 to €1,545
- Other debts +€833
new in 2025: €833
- Gross operating margin -€6,617
down €6,617 (-13.5%), from €48,948 to €42,331
- Depreciation -€1,285
down €1,285 (-85.7%), from €1,499 to €214
- Taxes -€905
down €905 (-8.1%), from €11,188 to €10,283
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 | €51,629 | €81,348 | +€29,719 | +57.6% |
| Fixed assets | 21/28 | - | €2,316 | +€2,316 | |
| Tangible fixed assets | 22/27 | - | €2,316 | +€2,316 | |
| Furniture and vehicles | 24 | - | €2,316 | +€2,316 | |
| Current assets | 29/58 | €51,629 | €79,032 | +€27,403 | +53.1% |
| Amounts receivable within one year | 40/41 | €9,088 | €20,314 | +€11,226 | +123.5% |
| Trade receivables | 40 | €8,320 | €19,493 | +€11,173 | +134.3% |
| Other amounts receivable | 41 | €768 | €821 | +€53 | +6.9% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €41,682 | €53,718 | +€12,036 | +28.9% |
| Deferred charges and accrued income | 490/1 | €860 | - | -€860 | |
| Total equity and liabilities | 10/49 | €51,629 | €81,348 | +€29,719 | +57.6% |
| Equity | 10/15 | €37,881 | €68,188 | +€30,307 | +80.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,881 | €66,188 | +€30,307 | +84.5% |
| Amounts payable | 17/49 | €13,748 | €13,160 | -€588 | -4.3% |
| Amounts payable within one year | 42/48 | €13,748 | €13,106 | -€643 | -4.7% |
| Trade debts | 44 | €2,560 | €1,545 | -€1,015 | -39.6% |
| Suppliers | 440/4 | €2,560 | €1,545 | -€1,015 | -39.6% |
| Taxes, remuneration and social security | 45 | €11,188 | €10,728 | -€461 | -4.1% |
| Taxes | 450/3 | €11,188 | €10,728 | -€461 | -4.1% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,499 | €214 | -€1,285 | -85.7% |
| Other operating charges | 640/8 | €380 | €683 | +€303 | +79.8% |
| Gross operating margin | 9900 | €48,948 | €42,331 | -€6,617 | -13.5% |
| Operating profit (loss) | 9901 | €47,069 | €41,434 | -€5,635 | -12.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1 | €11 | +€10 | +1274.7% |
| Recurring financial charges | 65 | €1 | €11 | +€10 | +1274.7% |
| Profit (loss) for the period before taxes | 9903 | €47,069 | €41,423 | -€5,646 | -12.0% |
| Income taxes | 67/77 | €11,188 | €10,283 | -€905 | -8.1% |
| Profit (loss) for the period | 9904 | €35,881 | €31,140 | -€4,741 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,881 | €31,140 | -€4,741 | -13.2% |
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.