ERGOS: 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.
ERGOS
Largest movements
- Tangible fixed assets -€7,010
down €7,010 (-7.5%), from €93,506 to €86,496
of which Land and buildings: -€7,010
- Cash +€3,491
up €3,491 (+38.5%), from €9,078 to €12,569
mainly Depreciation (+€7,010) and Net result for the year (+€1,904)
- Other debts -€6,885
down €6,885 (-32.1%), from €21,443 to €14,559
- Profit (loss) carried forward +€1,904
up €1,904 (+50.4%), from -€3,776 to -€1,871
- Trade debts +€1,444
up €1,444 (+164.7%), from €876 to €2,320
- Gross operating margin -€6,625
down €6,625 (-35.8%), from €18,524 to €11,899
- Depreciation -€641
down €641 (-8.4%), from €7,651 to €7,010
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 | €130,096 | €126,687 | -€3,409 | -2.6% |
| Fixed assets | 21/28 | €93,506 | €86,496 | -€7,010 | -7.5% |
| Tangible fixed assets | 22/27 | €93,506 | €86,496 | -€7,010 | -7.5% |
| Land and buildings | 22 | €67,814 | €60,804 | -€7,010 | -10.3% |
| Plant, machinery and equipment | 23 | €25,692 | €25,692 | = | 0.0% |
| Current assets | 29/58 | €36,590 | €40,191 | +€3,601 | +9.8% |
| Cash at bank and in hand | 54/58 | €9,078 | €12,569 | +€3,491 | +38.5% |
| Deferred charges and accrued income | 490/1 | €27,512 | €27,622 | +€110 | +0.4% |
| Total equity and liabilities | 10/49 | €130,096 | €126,687 | -€3,409 | -2.6% |
| Equity | 10/15 | €107,777 | €109,681 | +€1,904 | +1.8% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,776 | -€1,871 | +€1,904 | +50.4% |
| Amounts payable | 17/49 | €22,320 | €17,007 | -€5,313 | -23.8% |
| Amounts payable within one year | 42/48 | €22,320 | €17,007 | -€5,313 | -23.8% |
| Trade debts | 44 | €876 | €2,320 | +€1,444 | +164.7% |
| Suppliers | 440/4 | €876 | €2,320 | +€1,444 | +164.7% |
| Taxes, remuneration and social security | 45 | - | €127 | +€127 | |
| Taxes | 450/3 | - | €127 | +€127 | |
| Other amounts payable | 47/48 | €21,443 | €14,559 | -€6,885 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,651 | €7,010 | -€641 | -8.4% |
| Other operating charges | 640/8 | €2,679 | €2,760 | +€81 | +3.0% |
| Gross operating margin | 9900 | €18,524 | €11,899 | -€6,625 | -35.8% |
| Operating profit (loss) | 9901 | €8,194 | €2,129 | -€6,066 | -74.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €126 | €98 | -€29 | -22.7% |
| Recurring financial charges | 65 | €126 | €98 | -€29 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €8,068 | €2,032 | -€6,037 | -74.8% |
| Income taxes | 67/77 | - | €127 | +€127 | |
| Profit (loss) for the period | 9904 | €8,068 | €1,904 | -€6,164 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,068 | €1,904 | -€6,164 | -76.4% |
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.