ERGO SUM: 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 SUM
Largest movements
- Tangible fixed assets -€6,348
down €6,348 (-8.3%), from €76,171 to €69,823
- Cash -€4,372
down €4,372 (-74.5%), from €5,865 to €1,494
mainly Contributions, distributions and other (-€17,143) and Other debts (-€5,723)
- Receivables within one year +€1,193
up €1,193 (+5.7%), from €20,757 to €21,950
of which Trade receivables: +€1,271
- Profit (loss) carried forward -€16,022
down €16,022 (-28.2%), from €56,850 to €40,828
- Trade debts +€9,757
up €9,757 (+2287.1%), from €427 to €10,184
- Other debts -€5,723
down €5,723 (-93.6%), from €6,112 to €389
- Tax, wage and social debts +€3,106
up €3,106 (+47.9%), from €6,487 to €9,593
- Gross operating margin -€5,606
down €5,606 (-37.6%), from €14,918 to €9,312
- Other operating charges -€1,227
down €1,227 (-39.3%), from €3,126 to €1,899
- Taxes -€1,160
down €1,160 (-74.0%), from €1,568 to €408
- Financial charges -€153
down €153 (-45.6%), from €336 to €183
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 | €102,793 | €93,267 | -€9,526 | -9.3% |
| Fixed assets | 21/28 | €76,171 | €69,823 | -€6,348 | -8.3% |
| Tangible fixed assets | 22/27 | €76,171 | €69,823 | -€6,348 | -8.3% |
| Land and buildings | 22 | €76,171 | €69,823 | -€6,348 | -8.3% |
| Current assets | 29/58 | €26,622 | €23,443 | -€3,179 | -11.9% |
| Amounts receivable within one year | 40/41 | €20,757 | €21,950 | +€1,193 | +5.7% |
| Trade receivables | 40 | €1,271 | €2,541 | +€1,271 | +100.0% |
| Other amounts receivable | 41 | €19,486 | €19,409 | -€78 | -0.4% |
| Cash at bank and in hand | 54/58 | €5,865 | €1,494 | -€4,372 | -74.5% |
| Total equity and liabilities | 10/49 | €102,793 | €93,267 | -€9,526 | -9.3% |
| Equity | 10/15 | €83,278 | €66,772 | -€16,506 | -19.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,836 | €7,351 | -€485 | -6.2% |
| Tax-exempt reserves | 132 | €5,977 | €5,492 | -€485 | -8.1% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,850 | €40,828 | -€16,022 | -28.2% |
| Provisions and deferred taxes | 16 | €1,990 | €1,829 | -€161 | -8.1% |
| Deferred taxes | 168 | €1,990 | €1,829 | -€161 | -8.1% |
| Amounts payable | 17/49 | €17,525 | €24,666 | +€7,141 | +40.7% |
| Amounts payable after more than one year | 17 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 178/9 | €4,500 | €4,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,025 | €20,166 | +€7,141 | +54.8% |
| Trade debts | 44 | €427 | €10,184 | +€9,757 | +2287.1% |
| Suppliers | 440/4 | €427 | €10,184 | +€9,757 | +2287.1% |
| Taxes, remuneration and social security | 45 | €6,487 | €9,593 | +€3,106 | +47.9% |
| Taxes | 450/3 | €6,487 | €9,593 | +€3,106 | +47.9% |
| Other amounts payable | 47/48 | €6,112 | €389 | -€5,723 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,348 | €6,348 | = | 0.0% |
| Other operating charges | 640/8 | €3,126 | €1,899 | -€1,227 | -39.3% |
| Gross operating margin | 9900 | €14,918 | €9,312 | -€5,606 | -37.6% |
| Operating profit (loss) | 9901 | €5,445 | €1,066 | -€4,379 | -80.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €336 | €183 | -€153 | -45.6% |
| Recurring financial charges | 65 | €336 | €183 | -€153 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €5,109 | €883 | -€4,226 | -82.7% |
| Transfer from deferred taxes | 780 | €161 | €161 | = | 0.0% |
| Income taxes | 67/77 | €1,568 | €408 | -€1,160 | -74.0% |
| Profit (loss) for the period | 9904 | €3,702 | €636 | -€3,066 | -82.8% |
| Transfer from tax-exempt reserves | 789 | €485 | €485 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,187 | €1,121 | -€3,066 | -73.2% |
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 6 October 2026 via checked.be.