ERGO AC: 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.
ERGO AC
Largest movements
- Receivables within one year +€7,132
up €7,132 (+1,398%), from €510 to €7,642
of which Trade receivables: +€7,113
- Tangible fixed assets -€1,643
no longer reported in 2025 (was €1,643)
of which Plant, machinery and equipment: -€1,600
- Deferred charges and accrued income -€560
no longer reported in 2025 (was €560)
- Cash -€455
down €455 (-75.4%), from €603 to €148
mainly Receivables within one year (-€7,132) and Debts after one year (-€2,015)
- Other debts +€4,714
up €4,714 (+9.2%), from €51,255 to €55,970
- Debts after one year -€2,015
down €2,015 (-49.8%), from €4,045 to €2,030
- Profit (loss) carried forward +€1,666
up €1,666 (+2.8%), from -€60,210 to -€58,544
- Trade debts +€326
up €326 (+10.7%), from €3,038 to €3,365
- Tax, wage and social debts -€188
no longer reported in 2025 (was €188)
of which Taxes: -€188
- Gross operating margin +€14,276
up €14,276, from -€9,980 to €4,296
- Depreciation -€8,692
down €8,692 (-99.5%), from €8,735 to €43
- Other operating charges -€741
no longer reported in 2025 (was €741)
- Financial charges +€548
up €548 (+31.9%), from €1,717 to €2,265
of which Non-recurring financial charges: +€600
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 | €3,317 | €7,790 | +€4,473 | +135% |
| Fixed assets | 21/28 | €1,643 | - | -€1,643 | |
| Tangible fixed assets | 22/27 | €1,643 | - | -€1,643 | |
| Plant, machinery and equipment | 23 | €1,600 | - | -€1,600 | |
| Furniture and vehicles | 24 | €43 | - | -€43 | |
| Current assets | 29/58 | €1,674 | €7,790 | +€6,117 | +365% |
| Amounts receivable within one year | 40/41 | €510 | €7,642 | +€7,132 | +1,398% |
| Trade receivables | 40 | €387 | €7,500 | +€7,113 | +1,837% |
| Other amounts receivable | 41 | €123 | €142 | +€19 | +15.4% |
| Cash at bank and in hand | 54/58 | €603 | €148 | -€455 | -75.4% |
| Deferred charges and accrued income | 490/1 | €560 | - | -€560 | |
| Total equity and liabilities | 10/49 | €3,317 | €7,790 | +€4,473 | +135% |
| Equity | 10/15 | -€57,210 | -€55,544 | +€1,666 | +2.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,210 | -€58,544 | +€1,666 | +2.8% |
| Amounts payable | 17/49 | €60,527 | €63,334 | +€2,807 | +4.6% |
| Amounts payable after more than one year | 17 | €4,045 | €2,030 | -€2,015 | -49.8% |
| Financial debts | 170/4 | €4,045 | €2,030 | -€2,015 | -49.8% |
| Amounts payable within one year | 42/48 | €56,482 | €61,304 | +€4,822 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | €1,970 | -€30 | -1.5% |
| Trade debts | 44 | €3,038 | €3,365 | +€326 | +10.7% |
| Suppliers | 440/4 | €3,038 | €3,365 | +€326 | +10.7% |
| Taxes, remuneration and social security | 45 | €188 | - | -€188 | |
| Taxes | 450/3 | €188 | - | -€188 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €51,255 | €55,970 | +€4,714 | +9.2% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €43 | -€8,692 | -99.5% |
| Other operating charges | 640/8 | €741 | - | -€741 | |
| Non-recurring operating charges | 66A | €180 | €192 | +€12 | +6.6% |
| Gross operating margin | 9900 | -€9,980 | €4,296 | +€14,276 | |
| Operating profit (loss) | 9901 | -€19,637 | €4,060 | +€23,697 | |
| Financial income | 75/76B | €4 | €3 | -€1 | -33.0% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -33.0% |
| Financial charges | 65/66B | €1,717 | €2,265 | +€548 | +31.9% |
| Recurring financial charges | 65 | €1,717 | €1,665 | -€52 | -3.0% |
| Non-recurring financial charges | 66B | - | €600 | +€600 | |
| Profit (loss) for the period before taxes | 9903 | -€21,349 | €1,798 | +€23,147 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€21,477 | €1,666 | +€23,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,477 | €1,666 | +€23,143 |
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 23 October 2026 via checked.be.