ERGONOMICS: 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.
ERGONOMICS
Largest movements
- Receivables within one year -€127,047
down €127,047 (-36.9%), from €344,449 to €217,402
of which Other amounts receivable: -€71,616
- Cash -€47,718
down €47,718 (-12.7%), from €375,840 to €328,122
mainly Other debts (-€375,964) and Current investments (-€24,079)
- Tangible fixed assets -€36,611
down €36,611 (-11.0%), from €333,682 to €297,070
of which Furniture and vehicles: -€37,483
- Current investments +€24,079
up €24,079 (+20.8%), from €115,582 to €139,661
- Other debts -€375,964
down €375,964 (-96.8%), from €388,204 to €12,240
- Profit (loss) carried forward +€175,096
up €175,096 (+26.2%), from €667,397 to €842,493
- Trade debts +€15,623
up €15,623 (+46.2%), from €33,813 to €49,436
- Gross operating margin +€77,185
up €77,185 (+40.8%), from €189,083 to €266,268
- Financial income +€32,902
up €32,902 (+5,251%), from €627 to €33,529
- Financial charges -€25,018
down €25,018 (-67.1%), from €37,283 to €12,265
of which Financial charges: -€25,018
- Depreciation +€22,277
up €22,277 (+85.1%), from €26,177 to €48,455
- Provisions -€10,000
new in 2025: -€10,000
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.
Derived cash bridge
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 | €1,178,721 | €990,304 | -€188,417 | -16.0% |
| Fixed assets | 21/28 | €333,682 | €297,070 | -€36,611 | -11.0% |
| Tangible fixed assets | 22/27 | €333,682 | €297,070 | -€36,611 | -11.0% |
| Land and buildings | 22 | €230,528 | €230,013 | -€514 | -0.2% |
| Plant, machinery and equipment | 23 | €6,503 | €9,912 | +€3,409 | +52.4% |
| Furniture and vehicles | 24 | €89,668 | €52,185 | -€37,483 | -41.8% |
| Leasing and similar rights | 25 | €1,247 | €0 | -€1,247 | -100% |
| Other tangible fixed assets | 26 | €5,735 | €4,959 | -€776 | -13.5% |
| Current assets | 29/58 | €845,039 | €693,233 | -€151,805 | -18.0% |
| Amounts receivable within one year | 40/41 | €344,449 | €217,402 | -€127,047 | -36.9% |
| Trade receivables | 40 | €246,564 | €191,133 | -€55,431 | -22.5% |
| Other amounts receivable | 41 | €97,886 | €26,269 | -€71,616 | -73.2% |
| Current investments | 50/53 | €115,582 | €139,661 | +€24,079 | +20.8% |
| Cash at bank and in hand | 54/58 | €375,840 | €328,122 | -€47,718 | -12.7% |
| Deferred charges and accrued income | 490/1 | €9,168 | €8,048 | -€1,120 | -12.2% |
| Total equity and liabilities | 10/49 | €1,178,721 | €990,304 | -€188,417 | -16.0% |
| Equity | 10/15 | €680,550 | €854,347 | +€173,797 | +25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,953 | €5,654 | -€1,299 | -18.7% |
| Tax-exempt reserves | 132 | €5,093 | €3,794 | -€1,299 | -25.5% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €667,397 | €842,493 | +€175,096 | +26.2% |
| Provisions and deferred taxes | 16 | €34,268 | €23,835 | -€10,433 | -30.4% |
| Provisions for liabilities and charges | 160/5 | €32,570 | €22,570 | -€10,000 | -30.7% |
| Major repairs and maintenance | 162 | €32,570 | €22,570 | -€10,000 | -30.7% |
| Deferred taxes | 168 | €1,698 | €1,265 | -€433 | -25.5% |
| Amounts payable | 17/49 | €463,903 | €112,122 | -€351,781 | -75.8% |
| Amounts payable within one year | 42/48 | €461,357 | €109,503 | -€351,854 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €599 | €0 | -€599 | -100% |
| Trade debts | 44 | €33,813 | €49,436 | +€15,623 | +46.2% |
| Suppliers | 440/4 | €33,813 | €49,436 | +€15,623 | +46.2% |
| Taxes, remuneration and social security | 45 | €38,741 | €47,827 | +€9,086 | +23.5% |
| Taxes | 450/3 | €38,741 | €47,827 | +€9,086 | +23.5% |
| Other amounts payable | 47/48 | €388,204 | €12,240 | -€375,964 | -96.8% |
| Accrued charges and deferred income | 492/3 | €2,546 | €2,620 | +€74 | +2.9% |
| Non-recurring operating income | 76A | €15,947 | €42,206 | +€26,259 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,177 | €48,455 | +€22,277 | +85.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €3,614 | €5,319 | +€1,705 | +47.2% |
| Non-recurring operating charges | 66A | €6,510 | €7,465 | +€955 | +14.7% |
| Gross operating margin | 9900 | €189,083 | €266,268 | +€77,185 | +40.8% |
| Operating profit (loss) | 9901 | €152,781 | €215,028 | +€62,247 | +40.7% |
| Financial income | 75/76B | €627 | €33,529 | +€32,902 | +5,251% |
| Recurring financial income | 75 | €627 | €33,529 | +€32,902 | +5,251% |
| Financial charges | 65/66B | €37,283 | €12,265 | -€25,018 | -67.1% |
| Recurring financial charges | 65 | €37,283 | €12,265 | -€25,018 | -67.1% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €116,125 | €236,292 | +€120,167 | +103% |
| Transfer from deferred taxes | 780 | €20,582 | €433 | -€20,149 | -97.9% |
| Income taxes | 67/77 | €58,422 | €62,928 | +€4,507 | +7.7% |
| Profit (loss) for the period | 9904 | €78,285 | €173,797 | +€95,512 | +122% |
| Transfer from tax-exempt reserves | 789 | €61,746 | €1,299 | -€60,447 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,031 | €175,096 | +€35,065 | +25.0% |
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 15 October 2026 via checked.be.