ERGALEIO: 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.
ERGALEIO
Largest movements
- Receivables within one year -€6,896
down €6,896 (-12.3%), from €56,027 to €49,132
of which Trade receivables: -€6,479
- Tangible fixed assets -€1,310
down €1,310 (-40.5%), from €3,232 to €1,923
of which Other tangible fixed assets: -€961
- Deferred charges and accrued income +€1,142
up €1,142 (+43.0%), from €2,658 to €3,801
- Trade debts -€12,632
down €12,632 (-46.6%), from €27,098 to €14,466
- Debts after one year +€3,472
up €3,472 (+3.6%), from €96,341 to €99,813
- Tax, wage and social debts +€2,835
up €2,835 (+9.3%), from €30,429 to €33,264
of which Remuneration and social security: +€4,371
- Gross operating margin -€14,793
down €14,793 (-18.4%), from €80,530 to €65,737
- Staff costs -€13,631
down €13,631 (-17.5%), from €77,901 to €64,269
- Depreciation -€1,044
down €1,044 (-44.4%), from €2,354 to €1,310
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 | €70,727 | €64,011 | -€6,716 | -9.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,232 | €1,923 | -€1,310 | -40.5% |
| Tangible fixed assets | 22/27 | €3,232 | €1,923 | -€1,310 | -40.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €348 | €0 | -€348 | -100.0% |
| Other tangible fixed assets | 26 | €2,884 | €1,923 | -€961 | -33.3% |
| Current assets | 29/58 | €67,495 | €62,088 | -€5,406 | -8.0% |
| Amounts receivable within one year | 40/41 | €56,027 | €49,132 | -€6,896 | -12.3% |
| Trade receivables | 40 | €55,593 | €49,114 | -€6,479 | -11.7% |
| Other amounts receivable | 41 | €434 | €18 | -€416 | -95.9% |
| Cash at bank and in hand | 54/58 | €8,809 | €9,156 | +€347 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,658 | €3,801 | +€1,142 | +43.0% |
| Total equity and liabilities | 10/49 | €70,727 | €64,011 | -€6,716 | -9.5% |
| Equity | 10/15 | -€83,141 | -€83,532 | -€391 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €524 | €524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €524 | €524 | = | 0.0% |
| Reserves not available under the articles | 1311 | €524 | €524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,865 | -€90,256 | -€391 | -0.4% |
| Amounts payable | 17/49 | €153,868 | €147,543 | -€6,325 | -4.1% |
| Amounts payable after more than one year | 17 | €96,341 | €99,813 | +€3,472 | +3.6% |
| Other amounts payable | 178/9 | €96,341 | €99,813 | +€3,472 | +3.6% |
| Amounts payable within one year | 42/48 | €57,527 | €47,730 | -€9,797 | -17.0% |
| Trade debts | 44 | €27,098 | €14,466 | -€12,632 | -46.6% |
| Suppliers | 440/4 | €27,098 | €14,466 | -€12,632 | -46.6% |
| Taxes, remuneration and social security | 45 | €30,429 | €33,264 | +€2,835 | +9.3% |
| Taxes | 450/3 | €8,375 | €6,839 | -€1,536 | -18.3% |
| Remuneration and social security | 454/9 | €22,054 | €26,425 | +€4,371 | +19.8% |
| Remuneration, social security and pensions | 62 | €77,901 | €64,269 | -€13,631 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €1,310 | -€1,044 | -44.4% |
| Gross operating margin | 9900 | €80,530 | €65,737 | -€14,793 | -18.4% |
| Operating profit (loss) | 9901 | €275 | €158 | -€117 | -42.6% |
| Financial income | 75/76B | €0 | €25 | +€25 | +13683.3% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +13683.3% |
| Financial charges | 65/66B | €328 | €250 | -€78 | -23.9% |
| Recurring financial charges | 65 | €328 | €250 | -€78 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€53 | -€67 | -€14 | -27.1% |
| Income taxes | 67/77 | €332 | €324 | -€8 | -2.3% |
| Profit (loss) for the period | 9904 | -€385 | -€391 | -€7 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€385 | -€391 | -€7 | -1.7% |
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 6 October 2026 via checked.be.