ERGOTEAM: 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.
ERGOTEAM
Largest movements
- Cash -€83,749
down €83,749 (-55.1%), from €152,046 to €68,297
mainly Net result for the year (-€97,175) and Tax, wage and social debts (-€61,649)
- Tangible fixed assets -€8,995
down €8,995 (-73.6%), from €12,223 to €3,229
of which Furniture and vehicles: -€8,851
- Receivables within one year -€8,929
down €8,929 (-5.6%), from €158,742 to €149,813
of which Trade receivables: -€15,439
- Profit (loss) carried forward -€97,175
down €97,175 (-64.3%), from €151,205 to €54,030
- Tax, wage and social debts -€61,649
down €61,649 (-43.3%), from €142,226 to €80,577
of which Taxes: -€78,669
- Current portion of long-term debt +€40,000
new in 2025: €40,000
- Trade debts +€16,750
up €16,750 (+554.4%), from €3,021 to €19,772
- Gross operating margin -€249,398
down €249,398 (-71.3%), from €349,918 to €100,520
- Taxes +€37,856
up €37,856 (+206.3%), from €18,353 to €56,209
- Staff costs -€13,668
down €13,668 (-9.7%), from €140,757 to €127,090
- Other operating charges +€10,735
up €10,735 (+1464.1%), from €733 to €11,468
- Depreciation -€6,317
down €6,317 (-41.3%), from €15,312 to €8,995
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 | €399,912 | €297,839 | -€102,073 | -25.5% |
| Fixed assets | 21/28 | €13,723 | €4,729 | -€8,995 | -65.5% |
| Tangible fixed assets | 22/27 | €12,223 | €3,229 | -€8,995 | -73.6% |
| Plant, machinery and equipment | 23 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €12,080 | €3,229 | -€8,851 | -73.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €386,189 | €293,110 | -€93,079 | -24.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,742 | €149,813 | -€8,929 | -5.6% |
| Trade receivables | 40 | €67,434 | €51,995 | -€15,439 | -22.9% |
| Other amounts receivable | 41 | €91,309 | €97,819 | +€6,510 | +7.1% |
| Cash at bank and in hand | 54/58 | €152,046 | €68,297 | -€83,749 | -55.1% |
| Deferred charges and accrued income | 490/1 | €401 | - | -€401 | |
| Total equity and liabilities | 10/49 | €399,912 | €297,839 | -€102,073 | -25.5% |
| Equity | 10/15 | €254,665 | €157,490 | -€97,175 | -38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,860 | €84,860 | = | 0.0% |
| 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 | €83,000 | €83,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,205 | €54,030 | -€97,175 | -64.3% |
| Amounts payable | 17/49 | €145,247 | €140,349 | -€4,898 | -3.4% |
| Amounts payable within one year | 42/48 | €145,247 | €140,349 | -€4,898 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €3,021 | €19,772 | +€16,750 | +554.4% |
| Suppliers | 440/4 | €3,021 | €19,772 | +€16,750 | +554.4% |
| Taxes, remuneration and social security | 45 | €142,226 | €80,577 | -€61,649 | -43.3% |
| Taxes | 450/3 | €142,226 | €63,556 | -€78,669 | -55.3% |
| Remuneration and social security | 454/9 | - | €17,021 | +€17,021 | |
| Non-recurring operating income | 76A | €188,919 | - | -€188,919 | |
| Remuneration, social security and pensions | 62 | €140,757 | €127,090 | -€13,668 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,312 | €8,995 | -€6,317 | -41.3% |
| Other operating charges | 640/8 | €733 | €11,468 | +€10,735 | +1464.1% |
| Gross operating margin | 9900 | €349,918 | €100,520 | -€249,398 | -71.3% |
| Operating profit (loss) | 9901 | €193,116 | -€47,033 | -€240,148 | |
| Financial income | 75/76B | €6,614 | €6,750 | +€136 | +2.1% |
| Recurring financial income | 75 | €6,614 | €6,750 | +€136 | +2.1% |
| Financial charges | 65/66B | €6,250 | €683 | -€5,567 | -89.1% |
| Recurring financial charges | 65 | €6,250 | €683 | -€5,567 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €193,480 | -€40,966 | -€234,446 | |
| Income taxes | 67/77 | €18,353 | €56,209 | +€37,856 | +206.3% |
| Profit (loss) for the period | 9904 | €175,127 | -€97,175 | -€272,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,127 | -€97,175 | -€272,302 |
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.