ERGOLABS GROUP: 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.
ERGOLABS GROUP
Largest movements
- Receivables within one year -€22,713
down €22,713 (-64.2%), from €35,385 to €12,672
of which Trade receivables: -€27,371
- Cash +€3,682
up €3,682 (+12.8%), from €28,754 to €32,436
mainly Receivables within one year (+€22,713) and Depreciation (+€11,060)
- Debts after one year -€12,899
down €12,899 (-19.9%), from €64,798 to €51,899
- Tax, wage and social debts -€6,862
down €6,862 (-47.6%), from €14,407 to €7,544
- Reserves +€5,425
up €5,425 (+8.8%), from €61,435 to €66,860
of which Distributable reserves: +€5,425
- Other debts -€3,879
down €3,879 (-6.1%), from €63,406 to €59,527
- Trade debts -€3,366
down €3,366 (-31.0%), from €10,867 to €7,501
- Gross operating margin -€58,858
down €58,858 (-59.5%), from €98,855 to €39,997
- Staff costs -€44,156
down €44,156 (-79.1%), from €55,856 to €11,700
- Taxes -€4,877
down €4,877 (-58.1%), from €8,393 to €3,516
- Other operating charges -€2,364
down €2,364 (-58.3%), from €4,054 to €1,690
- Write-downs +€2,000
no longer reported in 2025 (was -€2,000)
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 | €231,188 | €212,154 | -€19,034 | -8.2% |
| Fixed assets | 21/28 | €167,049 | €165,973 | -€1,076 | -0.6% |
| Tangible fixed assets | 22/27 | €167,049 | €165,973 | -€1,076 | -0.6% |
| Land and buildings | 22 | €163,643 | €153,459 | -€10,184 | -6.2% |
| Furniture and vehicles | 24 | €3,406 | €12,514 | +€9,108 | +267.4% |
| Current assets | 29/58 | €64,139 | €46,181 | -€17,958 | -28.0% |
| Amounts receivable within one year | 40/41 | €35,385 | €12,672 | -€22,713 | -64.2% |
| Trade receivables | 40 | €35,385 | €8,014 | -€27,371 | -77.4% |
| Other amounts receivable | 41 | €0 | €4,658 | +€4,657 | +1791246.2% |
| Cash at bank and in hand | 54/58 | €28,754 | €32,436 | +€3,682 | +12.8% |
| Deferred charges and accrued income | 490/1 | - | €1,074 | +€1,074 | |
| Total equity and liabilities | 10/49 | €231,188 | €212,154 | -€19,034 | -8.2% |
| Equity | 10/15 | €65,440 | €72,783 | +€7,344 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,435 | €66,860 | +€5,425 | +8.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,575 | €65,000 | +€5,425 | +9.1% |
| Profit (loss) carried forward | 14 | -€2,195 | -€277 | +€1,919 | +87.4% |
| Amounts payable | 17/49 | €165,748 | €139,371 | -€26,377 | -15.9% |
| Amounts payable after more than one year | 17 | €64,798 | €51,899 | -€12,899 | -19.9% |
| Financial debts | 170/4 | €64,798 | €51,899 | -€12,899 | -19.9% |
| Amounts payable within one year | 42/48 | €100,950 | €87,472 | -€13,478 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €12,270 | €12,899 | +€629 | +5.1% |
| Trade debts | 44 | €10,867 | €7,501 | -€3,366 | -31.0% |
| Suppliers | 440/4 | €10,867 | €7,501 | -€3,366 | -31.0% |
| Taxes, remuneration and social security | 45 | €14,407 | €7,544 | -€6,862 | -47.6% |
| Taxes | 450/3 | €14,407 | €7,544 | -€6,862 | -47.6% |
| Other amounts payable | 47/48 | €63,406 | €59,527 | -€3,879 | -6.1% |
| Remuneration, social security and pensions | 62 | €55,856 | €11,700 | -€44,156 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,630 | €11,060 | +€430 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,000 | - | +€2,000 | |
| Other operating charges | 640/8 | €4,054 | €1,690 | -€2,364 | -58.3% |
| Gross operating margin | 9900 | €98,855 | €39,997 | -€58,858 | -59.5% |
| Operating profit (loss) | 9901 | €30,315 | €15,547 | -€14,768 | -48.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,614 | €3,820 | -€794 | -17.2% |
| Recurring financial charges | 65 | €4,614 | €3,820 | -€794 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €25,701 | €11,727 | -€13,974 | -54.4% |
| Income taxes | 67/77 | €8,393 | €3,516 | -€4,877 | -58.1% |
| Profit (loss) for the period | 9904 | €17,308 | €8,211 | -€9,097 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,308 | €8,211 | -€9,097 | -52.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.