ERGOSUN: 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.
ERGOSUN
Largest movements
- Tangible fixed assets +€157,934
up €157,934 (+30.4%), from €518,937 to €676,871
of which Plant, machinery and equipment: +€167,346
- Stocks and contracts -€149,268
down €149,268 (-43.3%), from €344,521 to €195,252
- Cash +€99,805
up €99,805 (+171.9%), from €58,062 to €157,867
mainly Net result for the year (+€434,496) and Depreciation (+€152,520)
- Intangible fixed assets -€72,434
down €72,434 (-25.8%), from €281,008 to €208,573
- Receivables within one year +€71,627
up €71,627 (+20.8%), from €344,510 to €416,137
of which Trade receivables: +€86,714
- Trade debts -€449,902
down €449,902 (-62.8%), from €716,873 to €266,972
- Profit (loss) carried forward +€434,496
up €434,496 (+16.9%), from -€2.6m to -€2.1m
- Other debts +€118,579
up €118,579 (+515.3%), from €23,010 to €141,590
- Tax, wage and social debts -€38,209
down €38,209 (-26.0%), from €146,709 to €108,500
of which Remuneration and social security: -€23,826
- Debts after one year +€38,192
up €38,192 (+5.9%), from €652,214 to €690,406
of which Financial debts: +€47,265
- Gross operating margin +€296,265
up €296,265 (+26.6%), from €1.1m to €1.4m
- Staff costs -€147,365
down €147,365 (-16.0%), from €919,715 to €772,350
- Depreciation +€20,917
up €20,917 (+15.9%), from €131,603 to €152,520
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 | €1,573,486 | €1,682,683 | +€109,198 | +6.9% |
| Fixed assets | 21/28 | €813,369 | €901,412 | +€88,043 | +10.8% |
| Intangible fixed assets | 21 | €281,008 | €208,573 | -€72,434 | -25.8% |
| Tangible fixed assets | 22/27 | €518,937 | €676,871 | +€157,934 | +30.4% |
| Plant, machinery and equipment | 23 | €392,853 | €560,199 | +€167,346 | +42.6% |
| Other tangible fixed assets | 26 | €126,084 | €116,672 | -€9,412 | -7.5% |
| Financial fixed assets | 28 | €13,424 | €15,968 | +€2,544 | +19.0% |
| Current assets | 29/58 | €760,117 | €781,271 | +€21,154 | +2.8% |
| Stocks and contracts in progress | 3 | €344,521 | €195,252 | -€149,268 | -43.3% |
| Stocks | 30/36 | €344,521 | €195,252 | -€149,268 | -43.3% |
| Amounts receivable within one year | 40/41 | €344,510 | €416,137 | +€71,627 | +20.8% |
| Trade receivables | 40 | €303,758 | €390,471 | +€86,714 | +28.5% |
| Other amounts receivable | 41 | €40,752 | €25,666 | -€15,086 | -37.0% |
| Cash at bank and in hand | 54/58 | €58,062 | €157,867 | +€99,805 | +171.9% |
| Deferred charges and accrued income | 490/1 | €13,025 | €12,015 | -€1,010 | -7.8% |
| Total equity and liabilities | 10/49 | €1,573,486 | €1,682,683 | +€109,198 | +6.9% |
| Equity | 10/15 | €34,443 | €468,939 | +€434,496 | +1261.5% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €2,081,381 | €2,081,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,079,381 | €2,079,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,566,938 | -€2,132,442 | +€434,496 | +16.9% |
| Amounts payable | 17/49 | €1,539,043 | €1,213,744 | -€325,299 | -21.1% |
| Amounts payable after more than one year | 17 | €652,214 | €690,406 | +€38,192 | +5.9% |
| Financial debts | 170/4 | €583,665 | €630,929 | +€47,265 | +8.1% |
| Trade debts | 175 | €68,549 | €59,477 | -€9,073 | -13.2% |
| Amounts payable within one year | 42/48 | €886,593 | €517,062 | -€369,531 | -41.7% |
| Trade debts | 44 | €716,873 | €266,972 | -€449,902 | -62.8% |
| Suppliers | 440/4 | €716,873 | €266,972 | -€449,902 | -62.8% |
| Taxes, remuneration and social security | 45 | €146,709 | €108,500 | -€38,209 | -26.0% |
| Taxes | 450/3 | €68,705 | €54,321 | -€14,384 | -20.9% |
| Remuneration and social security | 454/9 | €78,004 | €54,179 | -€23,826 | -30.5% |
| Other amounts payable | 47/48 | €23,010 | €141,590 | +€118,579 | +515.3% |
| Accrued charges and deferred income | 492/3 | €236 | €6,277 | +€6,041 | +2556.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €919,715 | €772,350 | -€147,365 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,603 | €152,520 | +€20,917 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €44,564 | €50,502 | +€5,938 | +13.3% |
| Gross operating margin | 9900 | €1,115,454 | €1,411,718 | +€296,265 | +26.6% |
| Operating profit (loss) | 9901 | €19,573 | €436,347 | +€416,774 | +2129.4% |
| Financial income | 75/76B | €366 | €558 | +€193 | +52.7% |
| Recurring financial income | 75 | €366 | €558 | +€193 | +52.7% |
| Financial charges | 65/66B | €9,232 | €2,215 | -€7,017 | -76.0% |
| Recurring financial charges | 65 | €9,232 | €2,215 | -€7,017 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €10,707 | €434,690 | +€423,983 | +3960.0% |
| Income taxes | 67/77 | -€30 | €194 | +€224 | |
| Profit (loss) for the period | 9904 | €10,737 | €434,496 | +€423,760 | +3946.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €10,737 | €434,496 | +€423,760 | +3946.9% |
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 7 October 2026 via checked.be.