ERES BELGIQUE: 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.
ERES BELGIQUE
Largest movements
- Cash +€168,333
up €168,333 (+2,122%), from €7,933 to €176,265
mainly Contributions, distributions and other (+€500,000) and Depreciation (+€80,127)
- Tangible fixed assets -€40,687
down €40,687 (-23.4%), from €173,850 to €133,162
of which Other tangible fixed assets: -€31,991
- Receivables within one year +€35,921
up €35,921 (+60.0%), from €59,890 to €95,811
of which Other amounts receivable: +€70,669
- Stocks and contracts -€31,256
down €31,256 (-8.9%), from €352,773 to €321,517
- Intangible fixed assets -€24,682
down €24,682 (-31.4%), from €78,597 to €53,915
- Contributions +€500,000
up €500,000 (+500%), from €100,000 to €600,000
- Other debts -€431,785
down €431,785 (-95.1%), from €453,911 to €22,126
- Profit (loss) carried forward +€21,422
up €21,422 (+47.7%), from €44,925 to €66,347
- Trade debts +€10,976
up €10,976 (+193%), from €5,698 to €16,675
- Gross operating margin +€12,407
up €12,407 (+3.7%), from €334,073 to €346,479
- Depreciation -€8,498
down €8,498 (-9.6%), from €88,625 to €80,127
- Taxes +€6,471
new in 2025: €6,471
- Financial charges -€6,302
down €6,302 (-19.3%), from €32,707 to €26,405
- Staff costs -€5,281
down €5,281 (-2.5%), from €210,014 to €204,733
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.
Derived cash bridge
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 | €678,357 | €785,279 | +€106,923 | +15.8% |
| Fixed assets | 21/28 | €252,447 | €187,078 | -€65,369 | -25.9% |
| Intangible fixed assets | 21 | €78,597 | €53,915 | -€24,682 | -31.4% |
| Tangible fixed assets | 22/27 | €173,850 | €133,162 | -€40,687 | -23.4% |
| Furniture and vehicles | 24 | €34,786 | €26,089 | -€8,696 | -25.0% |
| Other tangible fixed assets | 26 | €139,064 | €107,073 | -€31,991 | -23.0% |
| Current assets | 29/58 | €425,910 | €598,202 | +€172,292 | +40.5% |
| Stocks and contracts in progress | 3 | €352,773 | €321,517 | -€31,256 | -8.9% |
| Stocks | 30/36 | €352,773 | €321,517 | -€31,256 | -8.9% |
| Amounts receivable within one year | 40/41 | €59,890 | €95,811 | +€35,921 | +60.0% |
| Trade receivables | 40 | €45,712 | €10,964 | -€34,748 | -76.0% |
| Other amounts receivable | 41 | €14,178 | €84,847 | +€70,669 | +498% |
| Cash at bank and in hand | 54/58 | €7,933 | €176,265 | +€168,333 | +2,122% |
| Deferred charges and accrued income | 490/1 | €5,315 | €4,609 | -€706 | -13.3% |
| Total equity and liabilities | 10/49 | €678,357 | €785,279 | +€106,923 | +15.8% |
| Equity | 10/15 | €146,866 | €668,288 | +€521,422 | +355% |
| Contributions | 10/11 | €100,000 | €600,000 | +€500,000 | +500% |
| Reserves | 13 | €1,941 | €1,941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,941 | €1,941 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,941 | €1,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,925 | €66,347 | +€21,422 | +47.7% |
| Amounts payable | 17/49 | €531,490 | €116,991 | -€414,499 | -78.0% |
| Amounts payable within one year | 42/48 | €519,455 | €100,870 | -€418,585 | -80.6% |
| Trade debts | 44 | €5,698 | €16,675 | +€10,976 | +193% |
| Suppliers | 440/4 | €5,698 | €16,675 | +€10,976 | +193% |
| Taxes, remuneration and social security | 45 | €59,847 | €62,070 | +€2,223 | +3.7% |
| Taxes | 450/3 | €29,519 | €28,569 | -€950 | -3.2% |
| Remuneration and social security | 454/9 | €30,327 | €33,500 | +€3,173 | +10.5% |
| Other amounts payable | 47/48 | €453,911 | €22,126 | -€431,785 | -95.1% |
| Accrued charges and deferred income | 492/3 | €12,035 | €16,121 | +€4,086 | +34.0% |
| Remuneration, social security and pensions | 62 | €210,014 | €204,733 | -€5,281 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,625 | €80,127 | -€8,498 | -9.6% |
| Other operating charges | 640/8 | €7,964 | €7,407 | -€557 | -7.0% |
| Gross operating margin | 9900 | €334,073 | €346,479 | +€12,407 | +3.7% |
| Operating profit (loss) | 9901 | €27,469 | €54,212 | +€26,743 | +97.4% |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €32,707 | €26,405 | -€6,302 | -19.3% |
| Recurring financial charges | 65 | €32,707 | €26,405 | -€6,302 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,237 | €27,893 | +€33,130 | |
| Income taxes | 67/77 | - | €6,471 | +€6,471 | |
| Profit (loss) for the period | 9904 | -€5,237 | €21,422 | +€26,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,237 | €21,422 | +€26,659 |
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 30 October 2026 via checked.be.