ERGATIS: 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.
ERGATIS
Largest movements
- Cash +€20,803
up €20,803 (+136.2%), from €15,270 to €36,073
mainly Net result for the year (+€18,603) and Depreciation (+€15,089)
- Tangible fixed assets -€15,089
down €15,089 (-6.4%), from €236,385 to €221,296
- Profit (loss) carried forward +€18,603
up €18,603, from -€12,897 to €5,707
- Other debts -€6,698
down €6,698 (-5.3%), from €125,524 to €118,826
- Tax, wage and social debts -€6,192
down €6,192 (-48.3%), from €12,826 to €6,634
- Other operating charges -€14,326
down €14,326 (-54.8%), from €26,125 to €11,799
- Gross operating margin +€9,770
up €9,770 (+23.0%), from €42,457 to €52,226
- Taxes -€2,949
down €2,949 (-30.8%), from €9,583 to €6,634
- Financial charges -€1,829
down €1,829 (-94.8%), from €1,930 to €101
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 | €251,656 | €257,369 | +€5,714 | +2.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €236,385 | €221,296 | -€15,089 | -6.4% |
| Tangible fixed assets | 22/27 | €236,385 | €221,296 | -€15,089 | -6.4% |
| Land and buildings | 22 | €236,385 | €221,296 | -€15,089 | -6.4% |
| Current assets | 29/58 | €15,270 | €36,073 | +€20,803 | +136.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,270 | €36,073 | +€20,803 | +136.2% |
| Total equity and liabilities | 10/49 | €251,656 | €257,369 | +€5,714 | +2.3% |
| Equity | 10/15 | €49,103 | €67,707 | +€18,603 | +37.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,897 | €5,707 | +€18,603 | |
| Amounts payable | 17/49 | €202,552 | €189,663 | -€12,890 | -6.4% |
| Amounts payable after more than one year | 17 | €3,065 | €3,065 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €3,065 | €3,065 | = | 0.0% |
| Amounts payable within one year | 42/48 | €199,487 | €186,598 | -€12,890 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €61,137 | €61,137 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,826 | €6,634 | -€6,192 | -48.3% |
| Taxes | 450/3 | €12,826 | €6,634 | -€6,192 | -48.3% |
| Other amounts payable | 47/48 | €125,524 | €118,826 | -€6,698 | -5.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,295 | €15,089 | -€205 | -1.3% |
| Other operating charges | 640/8 | €26,125 | €11,799 | -€14,326 | -54.8% |
| Gross operating margin | 9900 | €42,457 | €52,226 | +€9,770 | +23.0% |
| Operating profit (loss) | 9901 | €1,037 | €25,339 | +€24,301 | +2342.6% |
| Financial charges | 65/66B | €1,930 | €101 | -€1,829 | -94.8% |
| Recurring financial charges | 65 | €1,930 | €101 | -€1,829 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | -€893 | €25,237 | +€26,130 | |
| Income taxes | 67/77 | €9,583 | €6,634 | -€2,949 | -30.8% |
| Profit (loss) for the period | 9904 | -€10,476 | €18,603 | +€29,079 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,476 | €18,603 | +€29,079 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.