ERGONLINE: 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.
ERGONLINE
Largest movements
- Cash +€33,778
up €33,778 (+19.1%), from €176,716 to €210,495
mainly Net result for the year (+€31,279) and Receivables within one year (+€4,002)
- Receivables within one year -€4,002
down €4,002 (-4.8%), from €82,882 to €78,880
of which Trade receivables: -€3,347
- Reserves +€31,279
up €31,279 (+26.8%), from €116,567 to €147,846
of which Distributable reserves: +€31,279
- Trade debts -€2,923
down €2,923 (-27.7%), from €10,538 to €7,615
- Gross operating margin +€37,481
up €37,481 (+1068.6%), from €3,508 to €40,989
- Taxes +€6,293
up €6,293 (+333.9%), from €1,885 to €8,177
- Depreciation -€1,079
down €1,079 (-74.0%), from €1,459 to €380
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 | €260,791 | €291,408 | +€30,617 | +11.7% |
| Fixed assets | 21/28 | €455 | €75 | -€380 | -83.5% |
| Tangible fixed assets | 22/27 | €380 | - | -€380 | |
| Plant, machinery and equipment | 23 | €380 | - | -€380 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €260,337 | €291,333 | +€30,996 | +11.9% |
| Amounts receivable within one year | 40/41 | €82,882 | €78,880 | -€4,002 | -4.8% |
| Trade receivables | 40 | €14,963 | €11,616 | -€3,347 | -22.4% |
| Other amounts receivable | 41 | €67,919 | €67,264 | -€655 | -1.0% |
| Cash at bank and in hand | 54/58 | €176,716 | €210,495 | +€33,778 | +19.1% |
| Deferred charges and accrued income | 490/1 | €738 | €1,958 | +€1,220 | +165.4% |
| Total equity and liabilities | 10/49 | €260,791 | €291,408 | +€30,617 | +11.7% |
| Equity | 10/15 | €237,524 | €268,802 | +€31,279 | +13.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €116,567 | €147,846 | +€31,279 | +26.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €114,712 | €145,991 | +€31,279 | +27.3% |
| Profit (loss) carried forward | 14 | €102,406 | €102,406 | = | 0.0% |
| Amounts payable | 17/49 | €23,268 | €22,605 | -€662 | -2.8% |
| Amounts payable within one year | 42/48 | €23,266 | €22,605 | -€660 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €5,101 | €5,083 | -€18 | -0.4% |
| Trade debts | 44 | €10,538 | €7,615 | -€2,923 | -27.7% |
| Suppliers | 440/4 | €10,538 | €7,615 | -€2,923 | -27.7% |
| Taxes, remuneration and social security | 45 | €2,295 | €4,979 | +€2,685 | +117.0% |
| Taxes | 450/3 | €2,127 | €2,130 | +€3 | +0.1% |
| Remuneration and social security | 454/9 | €168 | €2,850 | +€2,682 | +1596.2% |
| Other amounts payable | 47/48 | €5,332 | €4,928 | -€403 | -7.6% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €380 | -€1,079 | -74.0% |
| Other operating charges | 640/8 | €971 | €1,097 | +€126 | +13.0% |
| Gross operating margin | 9900 | €3,508 | €40,989 | +€37,481 | +1068.6% |
| Operating profit (loss) | 9901 | €1,078 | €39,512 | +€38,434 | +3566.8% |
| Financial income | 75/76B | €733 | €693 | -€41 | -5.6% |
| Recurring financial income | 75 | €733 | €693 | -€41 | -5.6% |
| Financial charges | 65/66B | €856 | €748 | -€108 | -12.6% |
| Recurring financial charges | 65 | €856 | €748 | -€108 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €955 | €39,456 | +€38,501 | +4029.5% |
| Income taxes | 67/77 | €1,885 | €8,177 | +€6,293 | +333.9% |
| Profit (loss) for the period | 9904 | -€929 | €31,279 | +€32,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€929 | €31,279 | +€32,208 |
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 8 October 2026 via checked.be.