ERGO-LAB: 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.
ERGO-LAB
Largest movements
- Cash -€30,347
down €30,347 (-23.6%), from €128,582 to €98,235
mainly Advances received (-€124,184) and Receivables within one year (-€22,662)
- Receivables within one year +€22,662
up €22,662 (+12.5%), from €181,134 to €203,796
of which Trade receivables: +€15,082
- Stocks and contracts -€16,575
down €16,575 (-62.7%), from €26,419 to €9,844
of which Contracts in progress: -€13,572
- Tangible fixed assets -€10,058
down €10,058 (-21.8%), from €46,039 to €35,981
of which Furniture and vehicles: -€9,533
- Financial fixed assets +€3,930
new in 2025: €3,930
- Reserves +€136,631
up €136,631 (+89.2%), from €153,092 to €289,723
- Advances received -€124,184
no longer reported in 2025 (was €124,184)
- Other debts -€21,619
no longer reported in 2025 (was €21,619)
- Trade debts -€18,935
down €18,935 (-98.8%), from €19,160 to €225
- Tax, wage and social debts -€5,075
down €5,075 (-10.8%), from €46,972 to €41,896
- Gross operating margin +€68,393
up €68,393 (+46.6%), from €146,739 to €215,132
- Taxes +€22,146
up €22,146 (+51.1%), from €43,355 to €65,501
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 | €387,432 | €354,249 | -€33,183 | -8.6% |
| Fixed assets | 21/28 | €50,267 | €41,451 | -€8,817 | -17.5% |
| Intangible fixed assets | 21 | €4,228 | €1,540 | -€2,688 | -63.6% |
| Tangible fixed assets | 22/27 | €46,039 | €35,981 | -€10,058 | -21.8% |
| Plant, machinery and equipment | 23 | €1,793 | €1,267 | -€525 | -29.3% |
| Furniture and vehicles | 24 | €44,247 | €34,714 | -€9,533 | -21.5% |
| Financial fixed assets | 28 | - | €3,930 | +€3,930 | |
| Current assets | 29/58 | €337,164 | €312,798 | -€24,366 | -7.2% |
| Stocks and contracts in progress | 3 | €26,419 | €9,844 | -€16,575 | -62.7% |
| Stocks | 30/36 | €12,847 | €9,844 | -€3,003 | -23.4% |
| Contracts in progress | 37 | €13,572 | - | -€13,572 | |
| Amounts receivable within one year | 40/41 | €181,134 | €203,796 | +€22,662 | +12.5% |
| Trade receivables | 40 | €181,134 | €196,216 | +€15,082 | +8.3% |
| Other amounts receivable | 41 | - | €7,580 | +€7,580 | |
| Cash at bank and in hand | 54/58 | €128,582 | €98,235 | -€30,347 | -23.6% |
| Deferred charges and accrued income | 490/1 | €1,029 | €923 | -€106 | -10.3% |
| Total equity and liabilities | 10/49 | €387,432 | €354,249 | -€33,183 | -8.6% |
| Equity | 10/15 | €173,497 | €310,128 | +€136,631 | +78.8% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €153,092 | €289,723 | +€136,631 | +89.2% |
| Distributable reserves | 133 | €153,092 | €289,723 | +€136,631 | +89.2% |
| Amounts payable | 17/49 | €213,935 | €44,121 | -€169,814 | -79.4% |
| Amounts payable within one year | 42/48 | €211,935 | €42,121 | -€169,814 | -80.1% |
| Trade debts | 44 | €19,160 | €225 | -€18,935 | -98.8% |
| Suppliers | 440/4 | €19,160 | €225 | -€18,935 | -98.8% |
| Advances received on contracts in progress | 46 | €124,184 | - | -€124,184 | |
| Taxes, remuneration and social security | 45 | €46,972 | €41,896 | -€5,075 | -10.8% |
| Taxes | 450/3 | €46,972 | €41,896 | -€5,075 | -10.8% |
| Other amounts payable | 47/48 | €21,619 | - | -€21,619 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,538 | €16,007 | +€469 | +3.0% |
| Other operating charges | 640/8 | €912 | €813 | -€99 | -10.9% |
| Non-recurring operating charges | 66A | - | €849 | +€849 | |
| Gross operating margin | 9900 | €146,739 | €215,132 | +€68,393 | +46.6% |
| Operating profit (loss) | 9901 | €130,288 | €197,463 | +€67,174 | +51.6% |
| Financial income | 75/76B | €5,807 | €4,757 | -€1,050 | -18.1% |
| Recurring financial income | 75 | €5,807 | €4,757 | -€1,050 | -18.1% |
| Financial charges | 65/66B | €1,410 | €87 | -€1,323 | -93.8% |
| Recurring financial charges | 65 | €1,410 | €87 | -€1,323 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €134,685 | €202,132 | +€67,448 | +50.1% |
| Income taxes | 67/77 | €43,355 | €65,501 | +€22,146 | +51.1% |
| Profit (loss) for the period | 9904 | €91,330 | €136,631 | +€45,302 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,330 | €136,631 | +€45,302 | +49.6% |
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 9 October 2026 via checked.be.