Ergasia: 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.
Ergasia
Largest movements
- Receivables within one year +€76,173
up €76,173 (+18.2%), from €417,651 to €493,823
of which Trade receivables: +€57,108
- Cash +€47,919
up €47,919 (+7.9%), from €603,301 to €651,220
mainly Net result for the year (+€112,158) and Depreciation (+€26,609)
- Tangible fixed assets -€26,609
down €26,609 (-14.8%), from €180,304 to €153,695
- Profit (loss) carried forward +€112,158
up €112,158 (+11.6%), from €969,088 to €1.1m
- Gross operating margin +€111,806
up €111,806 (+13.6%), from €821,050 to €932,856
- Staff costs +€35,273
up €35,273 (+4.7%), from €757,060 to €792,334
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 | €1,211,256 | €1,309,232 | +€97,975 | +8.1% |
| Fixed assets | 21/28 | €190,304 | €163,707 | -€26,597 | -14.0% |
| Tangible fixed assets | 22/27 | €180,304 | €153,695 | -€26,609 | -14.8% |
| Land and buildings | 22 | €132,759 | €120,411 | -€12,349 | -9.3% |
| Plant, machinery and equipment | 23 | €7,817 | €5,829 | -€1,988 | -25.4% |
| Furniture and vehicles | 24 | €39,728 | €27,455 | -€12,273 | -30.9% |
| Financial fixed assets | 28 | €10,000 | €10,012 | +€12 | +0.1% |
| Current assets | 29/58 | €1,020,952 | €1,145,525 | +€124,573 | +12.2% |
| Amounts receivable within one year | 40/41 | €417,651 | €493,823 | +€76,173 | +18.2% |
| Trade receivables | 40 | €379,088 | €436,195 | +€57,108 | +15.1% |
| Other amounts receivable | 41 | €38,563 | €57,628 | +€19,065 | +49.4% |
| Cash at bank and in hand | 54/58 | €603,301 | €651,220 | +€47,919 | +7.9% |
| Deferred charges and accrued income | 490/1 | - | €481 | +€481 | |
| Total equity and liabilities | 10/49 | €1,211,256 | €1,309,232 | +€97,975 | +8.1% |
| Equity | 10/15 | €969,088 | €1,081,245 | +€112,158 | +11.6% |
| Profit (loss) carried forward | 14 | €969,088 | €1,081,245 | +€112,158 | +11.6% |
| Amounts payable | 17/49 | €242,169 | €227,986 | -€14,182 | -5.9% |
| Amounts payable within one year | 42/48 | €235,539 | €227,986 | -€7,552 | -3.2% |
| Trade debts | 44 | €68,549 | €68,570 | +€21 | 0.0% |
| Suppliers | 440/4 | €68,549 | €68,570 | +€21 | 0.0% |
| Taxes, remuneration and social security | 45 | €166,469 | €158,896 | -€7,573 | -4.5% |
| Taxes | 450/3 | €40,866 | €23,897 | -€16,969 | -41.5% |
| Remuneration and social security | 454/9 | €125,604 | €135,000 | +€9,396 | +7.5% |
| Accrued charges and deferred income | 492/3 | €6,630 | - | -€6,630 | |
| Remuneration, social security and pensions | 62 | €757,060 | €792,334 | +€35,273 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,587 | €26,609 | -€5,978 | -18.3% |
| Other operating charges | 640/8 | €2,083 | €1,626 | -€457 | -22.0% |
| Gross operating margin | 9900 | €821,050 | €932,856 | +€111,806 | +13.6% |
| Operating profit (loss) | 9901 | €29,321 | €112,288 | +€82,968 | +283% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €64 | €131 | +€66 | +103% |
| Recurring financial charges | 65 | €64 | €131 | +€66 | +103% |
| Profit (loss) for the period before taxes | 9903 | €29,256 | €112,158 | +€82,901 | +283% |
| Profit (loss) for the period | 9904 | €29,256 | €112,158 | +€82,901 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €29,256 | €112,158 | +€82,901 | +283% |
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 28 October 2026 via checked.be.