ERGES: 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.
ERGES
Largest movements
- Cash -€29,570
down €29,570 (-81.4%), from €36,324 to €6,754
mainly Debts after one year (-€166,954) and Provisions (-€6,950)
- Tangible fixed assets -€25,460
down €25,460 (-5.2%), from €486,138 to €460,678
of which Other tangible fixed assets: -€14,546
- Debts after one year -€166,954
no longer reported in 2025 (was €166,954)
- Contributions +€111,841
up €111,841 (+31.7%), from €352,669 to €464,510
- Profit (loss) carried forward +€15,590
up €15,590 (+12.8%), from -€121,534 to -€105,944
- Reserves -€13,497
down €13,497 (-16.5%), from €81,770 to €68,273
of which Tax-exempt reserves: -€13,497
- Provisions -€6,950
down €6,950 (-17.3%), from €40,161 to €33,211
- Gross operating margin +€18,264
up €18,264 (+123.3%), from €14,816 to €33,080
- Purchases and services -€11,534
down €11,534 (-30.7%), from €37,564 to €26,030
- Turnover +€6,731
up €6,731 (+12.9%), from €52,380 to €59,111
- Taxes +€5,884
new in 2025: €5,884
- Depreciation -€2,736
down €2,736 (-9.7%), from €28,195 to €25,459
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 | €522,462 | €467,433 | -€55,029 | -10.5% |
| Fixed assets | 21/28 | €486,138 | €460,678 | -€25,460 | -5.2% |
| Tangible fixed assets | 22/27 | €486,138 | €460,678 | -€25,460 | -5.2% |
| Land and buildings | 22 | €49,059 | €38,145 | -€10,914 | -22.2% |
| Other tangible fixed assets | 26 | €437,079 | €422,533 | -€14,546 | -3.3% |
| Current assets | 29/58 | €36,324 | €6,754 | -€29,570 | -81.4% |
| Cash at bank and in hand | 54/58 | €36,324 | €6,754 | -€29,570 | -81.4% |
| Total equity and liabilities | 10/49 | €522,462 | €467,433 | -€55,029 | -10.5% |
| Equity | 10/15 | €312,905 | €426,838 | +€113,933 | +36.4% |
| Contributions | 10/11 | €352,669 | €464,510 | +€111,841 | +31.7% |
| Capital | 10 | €352,669 | €464,510 | +€111,841 | +31.7% |
| Issued capital | 100 | €352,669 | €464,510 | +€111,841 | +31.7% |
| Reserves | 13 | €81,770 | €68,273 | -€13,497 | -16.5% |
| Non-distributable reserves | 130/1 | €3,776 | €3,776 | -€0 | 0.0% |
| Legal reserve | 130 | €3,776 | €3,776 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €77,994 | €64,497 | -€13,497 | -17.3% |
| Profit (loss) carried forward | 14 | -€121,534 | -€105,944 | +€15,590 | +12.8% |
| Provisions and deferred taxes | 16 | €40,161 | €33,211 | -€6,950 | -17.3% |
| Deferred taxes | 168 | €40,161 | €33,211 | -€6,950 | -17.3% |
| Amounts payable | 17/49 | €169,396 | €7,384 | -€162,012 | -95.6% |
| Amounts payable after more than one year | 17 | €166,954 | - | -€166,954 | |
| Other amounts payable | 178/9 | €166,954 | - | -€166,954 | |
| Amounts payable within one year | 42/48 | €2,090 | €7,384 | +€5,294 | +253.3% |
| Trade debts | 44 | €2,090 | - | -€2,090 | |
| Suppliers | 440/4 | €2,090 | - | -€2,090 | |
| Taxes, remuneration and social security | 45 | - | €5,884 | +€5,884 | |
| Taxes | 450/3 | - | €5,884 | +€5,884 | |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €352 | €0 | -€352 | -100.0% |
| Turnover | 70 | €52,380 | €59,111 | +€6,731 | +12.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,564 | €26,030 | -€11,534 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,195 | €25,459 | -€2,736 | -9.7% |
| Other operating charges | 640/8 | €6,230 | €6,538 | +€308 | +4.9% |
| Gross operating margin | 9900 | €14,816 | €33,080 | +€18,264 | +123.3% |
| Operating profit (loss) | 9901 | -€19,609 | €1,082 | +€20,691 | |
| Financial charges | 65/66B | €268 | €45 | -€223 | -83.2% |
| Recurring financial charges | 65 | €268 | €45 | -€223 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,877 | €1,037 | +€20,914 | |
| Transfer from deferred taxes | 780 | - | €6,950 | +€6,950 | |
| Income taxes | 67/77 | - | €5,884 | +€5,884 | |
| Profit (loss) for the period | 9904 | -€19,877 | €2,103 | +€21,980 | |
| Transfer from tax-exempt reserves | 789 | €13,497 | €13,497 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,380 | €15,600 | +€21,980 |
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 9 October 2026 via checked.be.