ERGO STABLES: 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.
What changed
ERGO STABLES
NACE 01.620, Support activities for animal production
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€10,938
2025 · -€3,106-€7,832
Equity
€98,075
2025 · €109,013-€10,938
Cash
€3,629
2025 · €4,176-€547
Balance sheet total
€1.1m
2025 · €1.2m-€38,256
Largest movements
Assets
- Tangible fixed assets -€23,353
down €23,353 (-6.8%), from €345,361 to €322,007
of which Land and buildings: -€20,561
Equity and liabilities
- Debts after one year -€13,332
down €13,332 (-14.0%), from €95,566 to €82,234
Income statement
- Gross operating margin -€7,242
down €7,242 (-45.1%), from €16,060 to €8,818
- Financial income -€761
down €761 (-11.2%), from €6,780 to €6,018
- Financial charges -€195
down €195 (-7.7%), from €2,526 to €2,332
From the 2025 result to the 2026 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.
Result 2025
-€3,106
Gross operating margin
-€7,242
Depreciation
+€101
Other operating charges
-€124
Financial income
-€761
Financial charges
+€195
Result 2026
-€10,938
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€12,785
Investment
€0
Financing
-€13,332
Cash 2025
€4,176
From operations (derived)
+€12,785
Net result for the year
-€10,938
Depreciation
+€23,353
Stocks and contracts
+€4,300
Receivables within one year
+€11,616
Deferred charges and accrued income
-€1,560
Provisions
-€2,975
Trade debts
-€2,931
Tax, wage and social debts
+€653
Other debts
-€8,734
Financing
-€13,332
Debts after one year
-€13,332
Cash 2026
€3,629
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,174,536 | €1,136,280 | -€38,256 | -3.3% |
| Fixed assets | 21/28 | €828,261 | €804,907 | -€23,353 | -2.8% |
| Tangible fixed assets | 22/27 | €345,361 | €322,007 | -€23,353 | -6.8% |
| Land and buildings | 22 | €332,596 | €312,035 | -€20,561 | -6.2% |
| Plant, machinery and equipment | 23 | €12,764 | €9,972 | -€2,792 | -21.9% |
| Financial fixed assets | 28 | €482,900 | €482,900 | = | 0.0% |
| Current assets | 29/58 | €346,275 | €331,372 | -€14,903 | -4.3% |
| Stocks and contracts in progress | 3 | €33,055 | €28,755 | -€4,300 | -13.0% |
| Stocks | 30/36 | €33,055 | €28,755 | -€4,300 | -13.0% |
| Amounts receivable within one year | 40/41 | €308,227 | €296,612 | -€11,616 | -3.8% |
| Trade receivables | 40 | €5,929 | €6,380 | +€451 | +7.6% |
| Other amounts receivable | 41 | €302,298 | €290,231 | -€12,067 | -4.0% |
| Cash at bank and in hand | 54/58 | €4,176 | €3,629 | -€547 | -13.1% |
| Deferred charges and accrued income | 490/1 | €817 | €2,377 | +€1,560 | +191% |
| Total equity and liabilities | 10/49 | €1,174,536 | €1,136,280 | -€38,256 | -3.3% |
| Equity | 10/15 | €109,013 | €98,075 | -€10,938 | -10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,013 | €78,075 | -€10,938 | -12.3% |
| Tax-exempt reserves | 132 | €9,665 | €9,222 | -€444 | -4.6% |
| Distributable reserves | 133 | €79,347 | €68,853 | -€10,494 | -13.2% |
| Provisions and deferred taxes | 16 | €64,625 | €61,650 | -€2,975 | -4.6% |
| Deferred taxes | 168 | €64,625 | €61,650 | -€2,975 | -4.6% |
| Amounts payable | 17/49 | €1,000,897 | €976,554 | -€24,343 | -2.4% |
| Amounts payable after more than one year | 17 | €95,566 | €82,234 | -€13,332 | -14.0% |
| Financial debts | 170/4 | €95,566 | €82,234 | -€13,332 | -14.0% |
| Amounts payable within one year | 42/48 | €905,331 | €894,320 | -€11,011 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €13,332 | €13,332 | = | 0.0% |
| Trade debts | 44 | €4,252 | €1,322 | -€2,931 | -68.9% |
| Suppliers | 440/4 | €4,252 | €1,322 | -€2,931 | -68.9% |
| Taxes, remuneration and social security | 45 | €22 | €675 | +€653 | +3,037% |
| Taxes | 450/3 | €22 | €675 | +€653 | +3,037% |
| Other amounts payable | 47/48 | €887,726 | €878,992 | -€8,734 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,454 | €23,353 | -€101 | -0.4% |
| Other operating charges | 640/8 | €2,940 | €3,064 | +€124 | +4.2% |
| Gross operating margin | 9900 | €16,060 | €8,818 | -€7,242 | -45.1% |
| Operating profit (loss) | 9901 | -€10,334 | -€17,599 | -€7,265 | -70.3% |
| Financial income | 75/76B | €6,780 | €6,018 | -€761 | -11.2% |
| Recurring financial income | 75 | €6,780 | €6,018 | -€761 | -11.2% |
| Financial charges | 65/66B | €2,526 | €2,332 | -€195 | -7.7% |
| Recurring financial charges | 65 | €2,526 | €2,332 | -€195 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,081 | -€13,912 | -€7,832 | -129% |
| Transfer from deferred taxes | 780 | €2,975 | €2,975 | = | 0.0% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€3,106 | -€10,938 | -€7,832 | -252% |
| Transfer from tax-exempt reserves | 789 | €7,082 | €7,082 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,976 | -€3,856 | -€7,832 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.