Erga: 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.
Erga
Largest movements
- Cash +€323,412
up €323,412 (+2064.9%), from €15,662 to €339,074
mainly Contributions, distributions and other (+€408,000) and Other debts (+€166,500)
- Tangible fixed assets +€248,272
up €248,272 (+926.2%), from €26,805 to €275,077
of which Land and buildings: +€248,272
- Contributions +€408,000
up €408,000 (+2193.5%), from €18,600 to €426,600
- Other debts +€166,500
up €166,500 (+398.2%), from €41,816 to €208,316
- Profit (loss) carried forward -€10,475
down €10,475 (-48.9%), from -€21,412 to -€31,887
- Trade debts +€7,659
up €7,659 (+1266.0%), from €605 to €8,264
- Depreciation +€7,149
up €7,149 (+1426.3%), from €501 to €7,650
- Gross operating margin -€2,446
down €2,446, from €2,150 to -€296
- Other operating charges -€214
down €214 (-7.9%), from €2,698 to €2,484
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 | €43,074 | €614,759 | +€571,684 | +1327.2% |
| Fixed assets | 21/28 | €27,412 | €275,684 | +€248,272 | +905.7% |
| Tangible fixed assets | 22/27 | €26,805 | €275,077 | +€248,272 | +926.2% |
| Land and buildings | 22 | €26,805 | €275,077 | +€248,272 | +926.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €607 | €607 | = | 0.0% |
| Current assets | 29/58 | €15,662 | €339,074 | +€323,412 | +2064.9% |
| Cash at bank and in hand | 54/58 | €15,662 | €339,074 | +€323,412 | +2064.9% |
| Total equity and liabilities | 10/49 | €43,074 | €614,759 | +€571,684 | +1327.2% |
| Equity | 10/15 | €653 | €398,178 | +€397,525 | +60851.6% |
| Contributions | 10/11 | €18,600 | €426,600 | +€408,000 | +2193.5% |
| Reserves | 13 | €3,465 | €3,465 | = | 0.0% |
| Distributable reserves | 133 | €3,465 | €3,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,412 | -€31,887 | -€10,475 | -48.9% |
| Amounts payable | 17/49 | €42,421 | €216,580 | +€174,159 | +410.5% |
| Amounts payable within one year | 42/48 | €42,421 | €216,580 | +€174,159 | +410.5% |
| Trade debts | 44 | €605 | €8,264 | +€7,659 | +1266.0% |
| Suppliers | 440/4 | €605 | €8,264 | +€7,659 | +1266.0% |
| Other amounts payable | 47/48 | €41,816 | €208,316 | +€166,500 | +398.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €7,650 | +€7,149 | +1426.3% |
| Other operating charges | 640/8 | €2,698 | €2,484 | -€214 | -7.9% |
| Gross operating margin | 9900 | €2,150 | -€296 | -€2,446 | |
| Operating profit (loss) | 9901 | -€1,049 | -€10,430 | -€9,381 | -894.3% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,092 | -€10,475 | -€9,382 | -858.8% |
| Profit (loss) for the period | 9904 | -€1,092 | -€10,475 | -€9,382 | -858.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,092 | -€10,475 | -€9,382 | -858.8% |
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 5 October 2026 via checked.be.