Erewoord: what changed
Erewoord
Largest movements
- Cash -€2,154
down €2,154 (-20.6%), from €10,470 to €8,316
mainly Net result for the year (-€1,723) and Tax, wage and social debts (-€1,550)
- Deferred charges and accrued income -€1,479
no longer reported in 2025 (was €1,479)
- Tangible fixed assets -€1,096
down €1,096 (-100%), from €1,096 to €0
of which Plant, machinery and equipment: -€1,096
- Receivables within one year -€151
down €151 (-8.2%), from €1,851 to €1,700
of which Trade receivables: -€754
- Profit (loss) carried forward -€1,723
down €1,723 (-17.8%), from -€9,672 to -€11,395
- Tax, wage and social debts -€1,550
down €1,550 (-38.3%), from €4,050 to €2,500
of which Taxes: -€1,550
- Other debts -€1,187
down €1,187 (-10.1%), from €11,788 to €10,601
- Trade debts -€419
no longer reported in 2025 (was €419)
- Gross operating margin -€5,146
down €5,146, from €4,644 to -€502
- Depreciation -€3,991
down €3,991 (-78.5%), from €5,086 to €1,096
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,895 | €10,016 | -€4,880 | -32.8% |
| Fixed assets | 21/28 | €1,096 | €0 | -€1,096 | -100% |
| Tangible fixed assets | 22/27 | €1,096 | €0 | -€1,096 | -100% |
| Plant, machinery and equipment | 23 | €1,096 | €0 | -€1,096 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €13,800 | €10,016 | -€3,784 | -27.4% |
| Amounts receivable within one year | 40/41 | €1,851 | €1,700 | -€151 | -8.2% |
| Trade receivables | 40 | €1,851 | €1,097 | -€754 | -40.7% |
| Other amounts receivable | 41 | - | €603 | +€603 | |
| Cash at bank and in hand | 54/58 | €10,470 | €8,316 | -€2,154 | -20.6% |
| Deferred charges and accrued income | 490/1 | €1,479 | - | -€1,479 | |
| Total equity and liabilities | 10/49 | €14,895 | €10,016 | -€4,880 | -32.8% |
| Equity | 10/15 | -€1,362 | -€3,085 | -€1,723 | -127% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,310 | €6,310 | = | 0.0% |
| Distributable reserves | 133 | €6,310 | €6,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,672 | -€11,395 | -€1,723 | -17.8% |
| Amounts payable | 17/49 | €16,257 | €13,101 | -€3,156 | -19.4% |
| Amounts payable within one year | 42/48 | €16,257 | €13,101 | -€3,156 | -19.4% |
| Trade debts | 44 | €419 | - | -€419 | |
| Suppliers | 440/4 | €419 | - | -€419 | |
| Taxes, remuneration and social security | 45 | €4,050 | €2,500 | -€1,550 | -38.3% |
| Taxes | 450/3 | €2,300 | €750 | -€1,550 | -67.4% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €11,788 | €10,601 | -€1,187 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,086 | €1,096 | -€3,991 | -78.5% |
| Other operating charges | 640/8 | €76 | €62 | -€14 | -18.3% |
| Gross operating margin | 9900 | €4,644 | -€502 | -€5,146 | |
| Operating profit (loss) | 9901 | -€519 | -€1,660 | -€1,141 | -220% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €45 | €64 | +€19 | +41.5% |
| Recurring financial charges | 65 | €45 | €64 | +€19 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€555 | -€1,723 | -€1,168 | -210% |
| Profit (loss) for the period | 9904 | -€555 | -€1,723 | -€1,168 | -210% |
| Profit (loss) for the period to be appropriated | 9905 | -€555 | -€1,723 | -€1,168 | -210% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.