ERGEN SABRI: 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.
ERGEN SABRI
Largest movements
- Tangible fixed assets +€3.5m
up €3.5m (+259%), from €1.4m to €4.9m
- Debts after one year +€2.4m
up €2.4m (+212%), from €1.1m to €3.5m
of which Other amounts payable: +€2.5m
- Other debts +€1.3m
up €1.3m (+4,406%), from €29,097 to €1.3m
- Profit (loss) carried forward -€78,412
down €78,412 (-36.8%), from -€213,175 to -€291,588
- Gross operating margin +€173,440
up €173,440 (+364%), from €47,682 to €221,122
- Depreciation +€163,819
up €163,819 (+156%), from €104,706 to €268,525
- Financial charges +€6,591
up €6,591 (+42.7%), from €15,451 to €22,043
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,395,852 | €4,985,932 | +€3.6m | +257% |
| Fixed assets | 21/28 | €1,372,470 | €4,922,368 | +€3.5m | +259% |
| Tangible fixed assets | 22/27 | €1,372,470 | €4,922,368 | +€3.5m | +259% |
| Land and buildings | 22 | €1,372,470 | €4,922,368 | +€3.5m | +259% |
| Current assets | 29/58 | €23,381 | €63,564 | +€40,183 | +172% |
| Amounts receivable within one year | 40/41 | €3,000 | €4,582 | +€1,582 | +52.7% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | - | €4,582 | +€4,582 | |
| Current investments | 50/53 | €11,100 | €11,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,171 | €43,922 | +€34,751 | +379% |
| Deferred charges and accrued income | 490/1 | €110 | €3,960 | +€3,849 | +3,493% |
| Total equity and liabilities | 10/49 | €1,395,852 | €4,985,932 | +€3.6m | +257% |
| Equity | 10/15 | €170,004 | €91,592 | -€78,412 | -46.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €363,180 | €363,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,175 | -€291,588 | -€78,412 | -36.8% |
| Amounts payable | 17/49 | €1,225,847 | €4,894,340 | +€3.7m | +299% |
| Amounts payable after more than one year | 17 | €1,124,962 | €3,505,489 | +€2.4m | +212% |
| Financial debts | 170/4 | €1,113,862 | €988,811 | -€125,051 | -11.2% |
| Other amounts payable | 178/9 | €11,100 | €2,516,679 | +€2.5m | +22,573% |
| Amounts payable within one year | 42/48 | €100,885 | €1,388,850 | +€1.3m | +1,277% |
| Current portion of amounts payable after more than one year | 42 | €33,838 | €34,747 | +€909 | +2.7% |
| Financial debts | 43 | - | €10,925 | +€10,925 | |
| Other loans | 439 | - | €10,925 | +€10,925 | |
| Trade debts | 44 | €37,951 | €31,981 | -€5,970 | -15.7% |
| Suppliers | 440/4 | €37,951 | €31,981 | -€5,970 | -15.7% |
| Other amounts payable | 47/48 | €29,097 | €1,311,197 | +€1.3m | +4,406% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,706 | €268,525 | +€163,819 | +156% |
| Other operating charges | 640/8 | €7,136 | €8,967 | +€1,832 | +25.7% |
| Gross operating margin | 9900 | €47,682 | €221,122 | +€173,440 | +364% |
| Operating profit (loss) | 9901 | -€64,159 | -€56,370 | +€7,789 | +12.1% |
| Financial charges | 65/66B | €15,451 | €22,043 | +€6,591 | +42.7% |
| Recurring financial charges | 65 | €15,451 | €22,043 | +€6,591 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | -€79,610 | -€78,412 | +€1,198 | +1.5% |
| Profit (loss) for the period | 9904 | -€79,610 | -€78,412 | +€1,198 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,610 | -€78,412 | +€1,198 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.