ERGU: 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.
ERGU
Largest movements
- Receivables within one year +€14,444
up €14,444 (+21.1%), from €68,401 to €82,845
of which Other amounts receivable: +€12,211
- Cash +€3,596
up €3,596 (+40.8%), from €8,816 to €12,412
mainly Other debts (+€12,600) and Net result for the year (+€4,927)
- Tangible fixed assets -€1,208
down €1,208 (-84.9%), from €1,423 to €215
- Other debts +€12,600
up €12,600 (+969.2%), from €1,300 to €13,900
- Profit (loss) carried forward +€4,927
up €4,927 (+8.3%), from €59,298 to €64,226
- Tax, wage and social debts -€2,460
down €2,460 (-16.5%), from €14,905 to €12,445
- Trade debts +€2,065
up €2,065 (+146.0%), from €1,414 to €3,479
- Gross operating margin -€45,644
down €45,644 (-83.3%), from €54,795 to €9,151
- Taxes -€9,257
down €9,257 (-85.3%), from €10,851 to €1,594
- Financial income -€1,374
down €1,374 (-98.0%), from €1,401 to €27
- Other operating charges +€1,001
new in 2025: €1,001
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 | €78,718 | €95,550 | +€16,832 | +21.4% |
| Fixed assets | 21/28 | €1,501 | €293 | -€1,208 | -80.5% |
| Tangible fixed assets | 22/27 | €1,423 | €215 | -€1,208 | -84.9% |
| Furniture and vehicles | 24 | €1,423 | €215 | -€1,208 | -84.9% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €77,217 | €95,257 | +€18,040 | +23.4% |
| Amounts receivable within one year | 40/41 | €68,401 | €82,845 | +€14,444 | +21.1% |
| Trade receivables | 40 | €4,856 | €7,089 | +€2,233 | +46.0% |
| Other amounts receivable | 41 | €63,545 | €75,756 | +€12,211 | +19.2% |
| Cash at bank and in hand | 54/58 | €8,816 | €12,412 | +€3,596 | +40.8% |
| Total equity and liabilities | 10/49 | €78,718 | €95,550 | +€16,832 | +21.4% |
| Equity | 10/15 | €60,798 | €65,726 | +€4,927 | +8.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,298 | €64,226 | +€4,927 | +8.3% |
| Amounts payable | 17/49 | €17,920 | €29,824 | +€11,905 | +66.4% |
| Amounts payable within one year | 42/48 | €17,620 | €29,824 | +€12,205 | +69.3% |
| Trade debts | 44 | €1,414 | €3,479 | +€2,065 | +146.0% |
| Suppliers | 440/4 | €1,414 | €3,479 | +€2,065 | +146.0% |
| Taxes, remuneration and social security | 45 | €14,905 | €12,445 | -€2,460 | -16.5% |
| Taxes | 450/3 | €14,905 | €12,445 | -€2,460 | -16.5% |
| Other amounts payable | 47/48 | €1,300 | €13,900 | +€12,600 | +969.2% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €1,208 | -€439 | -26.7% |
| Other operating charges | 640/8 | - | €1,001 | +€1,001 | |
| Gross operating margin | 9900 | €54,795 | €9,151 | -€45,644 | -83.3% |
| Operating profit (loss) | 9901 | €53,148 | €6,943 | -€46,206 | -86.9% |
| Financial income | 75/76B | €1,401 | €27 | -€1,374 | -98.0% |
| Recurring financial income | 75 | €1,401 | €27 | -€1,374 | -98.0% |
| Financial charges | 65/66B | €429 | €449 | +€19 | +4.5% |
| Recurring financial charges | 65 | €429 | €449 | +€19 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €54,120 | €6,522 | -€47,599 | -87.9% |
| Income taxes | 67/77 | €10,851 | €1,594 | -€9,257 | -85.3% |
| Profit (loss) for the period | 9904 | €43,269 | €4,927 | -€38,341 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,269 | €4,927 | -€38,341 | -88.6% |
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 5 October 2026 via checked.be.