ERGI: 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.
ERGI
Largest movements
- Cash -€21,085
down €21,085 (-99.3%), from €21,244 to €159
mainly Net result for the year (-€54,788) and Trade debts (-€4,688)
- Receivables within one year -€11,424
down €11,424 (-36.4%), from €31,371 to €19,947
of which Trade receivables: -€7,333
- Profit (loss) carried forward -€54,788
down €54,788 (-131.2%), from -€41,756 to -€96,544
- Short-term financial debts +€12,643
new in 2025: €12,643
- Tax, wage and social debts +€10,682
up €10,682 (+25.9%), from €41,189 to €51,871
- Trade debts -€4,688
down €4,688 (-29.6%), from €15,842 to €11,154
- Advances received +€3,630
new in 2025: €3,630
- Gross operating margin -€90,381
down €90,381, from €50,427 to -€39,954
- Other operating charges +€5,459
up €5,459 (+911.8%), from €599 to €6,058
- Financial charges +€4,391
up €4,391 (+107.0%), from €4,105 to €8,496
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 | €52,726 | €20,206 | -€32,520 | -61.7% |
| Fixed assets | 21/28 | €111 | €100 | -€11 | -9.7% |
| Tangible fixed assets | 22/27 | €11 | - | -€11 | |
| Furniture and vehicles | 24 | €11 | - | -€11 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €52,615 | €20,106 | -€32,509 | -61.8% |
| Amounts receivable within one year | 40/41 | €31,371 | €19,947 | -€11,424 | -36.4% |
| Trade receivables | 40 | €10,333 | €3,000 | -€7,333 | -71.0% |
| Other amounts receivable | 41 | €21,038 | €16,947 | -€4,091 | -19.4% |
| Cash at bank and in hand | 54/58 | €21,244 | €159 | -€21,085 | -99.3% |
| Total equity and liabilities | 10/49 | €52,726 | €20,206 | -€32,520 | -61.7% |
| Equity | 10/15 | -€21,304 | -€76,092 | -€54,788 | -257.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,756 | -€96,544 | -€54,788 | -131.2% |
| Amounts payable | 17/49 | €74,030 | €96,298 | +€22,268 | +30.1% |
| Amounts payable within one year | 42/48 | €74,030 | €96,298 | +€22,268 | +30.1% |
| Financial debts | 43 | - | €12,643 | +€12,643 | |
| Credit institutions | 430/8 | - | €12,643 | +€12,643 | |
| Trade debts | 44 | €15,842 | €11,154 | -€4,688 | -29.6% |
| Suppliers | 440/4 | €15,842 | €11,154 | -€4,688 | -29.6% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | €41,189 | €51,871 | +€10,682 | +25.9% |
| Taxes | 450/3 | €41,189 | €51,871 | +€10,682 | +25.9% |
| Other amounts payable | 47/48 | €17,000 | €17,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354 | €11 | -€344 | -97.0% |
| Other operating charges | 640/8 | €599 | €6,058 | +€5,459 | +911.8% |
| Gross operating margin | 9900 | €50,427 | -€39,954 | -€90,381 | |
| Operating profit (loss) | 9901 | €49,474 | -€46,023 | -€95,496 | |
| Financial charges | 65/66B | €4,105 | €8,496 | +€4,391 | +107.0% |
| Recurring financial charges | 65 | €4,105 | €8,496 | +€4,391 | +107.0% |
| Profit (loss) for the period before taxes | 9903 | €45,369 | -€54,519 | -€99,888 | |
| Income taxes | 67/77 | €278 | €269 | -€9 | -3.1% |
| Profit (loss) for the period | 9904 | €45,091 | -€54,788 | -€99,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,091 | -€54,788 | -€99,879 |
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 8 October 2026 via checked.be.