ERGOFORM: 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.
ERGOFORM
Largest movements
- Cash +€29,290
up €29,290 (+38.2%), from €76,741 to €106,031
mainly Other debts (+€38,985) and Depreciation (+€22,025)
- Tangible fixed assets -€20,350
down €20,350 (-26.5%), from €76,861 to €56,510
of which Land and buildings: -€11,797
- Receivables within one year -€9,634
no longer reported in 2025 (was €9,634)
of which Other amounts receivable: -€5,750
- Reserves -€50,000
down €50,000 (-41.8%), from €119,700 to €69,700
of which Distributable reserves: -€50,000
- Other debts +€38,985
up €38,985 (+649747.7%), from €6 to €38,991
- Tax, wage and social debts +€15,220
up €15,220 (+810.3%), from €1,878 to €17,099
of which Taxes: +€15,220
- Current portion of long-term debt -€11,700
no longer reported in 2025 (was €11,700)
- Trade debts +€5,325
up €5,325 (+183.8%), from €2,898 to €8,223
- Other operating charges +€2,070
up €2,070 (+102.8%), from €2,013 to €4,083
- Taxes +€1,365
up €1,365 (+31.9%), from €4,278 to €5,643
- Depreciation -€1,206
down €1,206 (-5.2%), from €23,231 to €22,025
- Financial charges -€721
down €721 (-27.8%), from €2,594 to €1,873
- Financial income -€623
down €623 (-11.1%), from €5,618 to €4,995
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 | €236,473 | €235,393 | -€1,080 | -0.5% |
| Fixed assets | 21/28 | €76,861 | €56,510 | -€20,350 | -26.5% |
| Tangible fixed assets | 22/27 | €76,861 | €56,510 | -€20,350 | -26.5% |
| Land and buildings | 22 | €59,129 | €47,331 | -€11,797 | -20.0% |
| Plant, machinery and equipment | 23 | €6,614 | €6,432 | -€182 | -2.8% |
| Furniture and vehicles | 24 | €11,118 | €2,747 | -€8,371 | -75.3% |
| Current assets | 29/58 | €159,612 | €178,883 | +€19,271 | +12.1% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €43,591 | €45,100 | +€1,509 | +3.5% |
| Stocks | 30/36 | €43,591 | €45,100 | +€1,509 | +3.5% |
| Amounts receivable within one year | 40/41 | €9,634 | - | -€9,634 | |
| Trade receivables | 40 | €3,884 | - | -€3,884 | |
| Other amounts receivable | 41 | €5,750 | - | -€5,750 | |
| Cash at bank and in hand | 54/58 | €76,741 | €106,031 | +€29,290 | +38.2% |
| Deferred charges and accrued income | 490/1 | €11,645 | €9,751 | -€1,894 | -16.3% |
| Total equity and liabilities | 10/49 | €236,473 | €235,393 | -€1,080 | -0.5% |
| Equity | 10/15 | €219,991 | €171,081 | -€48,910 | -22.2% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Contributions outside capital | 11 | €47,000 | €47,000 | = | 0.0% |
| Other | 1109/19 | €47,000 | €47,000 | = | 0.0% |
| Reserves | 13 | €119,700 | €69,700 | -€50,000 | -41.8% |
| Non-distributable reserves | 130/1 | €9,200 | €9,200 | = | 0.0% |
| Legal reserve | 130 | €9,200 | €9,200 | = | 0.0% |
| Distributable reserves | 133 | €110,500 | €60,500 | -€50,000 | -45.2% |
| Profit (loss) carried forward | 14 | €53,291 | €54,381 | +€1,090 | +2.0% |
| Amounts payable | 17/49 | €16,482 | €64,313 | +€47,830 | +290.2% |
| Amounts payable within one year | 42/48 | €16,482 | €64,313 | +€47,830 | +290.2% |
| Current portion of amounts payable after more than one year | 42 | €11,700 | - | -€11,700 | |
| Trade debts | 44 | €2,898 | €8,223 | +€5,325 | +183.8% |
| Suppliers | 440/4 | €2,898 | €8,223 | +€5,325 | +183.8% |
| Taxes, remuneration and social security | 45 | €1,878 | €17,099 | +€15,220 | +810.3% |
| Taxes | 450/3 | €1,878 | €17,099 | +€15,220 | +810.3% |
| Remuneration and social security | 454/9 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €6 | €38,991 | +€38,985 | +649747.7% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,231 | €22,025 | -€1,206 | -5.2% |
| Other operating charges | 640/8 | €2,013 | €4,083 | +€2,070 | +102.8% |
| Non-recurring operating charges | 66A | €5,393 | - | -€5,393 | |
| Gross operating margin | 9900 | €39,270 | €39,719 | +€449 | +1.1% |
| Operating profit (loss) | 9901 | €8,246 | €13,611 | +€5,365 | +65.1% |
| Financial income | 75/76B | €5,618 | €4,995 | -€623 | -11.1% |
| Recurring financial income | 75 | €5,618 | €4,995 | -€623 | -11.1% |
| Financial charges | 65/66B | €2,594 | €1,873 | -€721 | -27.8% |
| Recurring financial charges | 65 | €2,594 | €1,873 | -€721 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €11,269 | €16,733 | +€5,464 | +48.5% |
| Income taxes | 67/77 | €4,278 | €5,643 | +€1,365 | +31.9% |
| Profit (loss) for the period | 9904 | €6,991 | €11,090 | +€4,099 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,991 | €11,090 | +€4,099 | +58.6% |
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 9 October 2026 via checked.be.