ERGYFAR: 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.
ERGYFAR
Largest movements
- Current investments -€230,308
down €230,308 (-60.2%), from €382,785 to €152,478
- Cash +€99,667
up €99,667 (+129%), from €77,296 to €176,963
mainly Current investments (+€230,308) and Net result for the year (+€114,294)
- Receivables within one year +€38,150
up €38,150 (+15.8%), from €241,661 to €279,811
of which Trade receivables: +€43,300
- Other debts -€209,855
down €209,855 (-97.6%), from €214,965 to €5,109
- Reserves +€114,294
up €114,294 (+10.2%), from €1.1m to €1.2m
of which Distributable reserves: +€114,294
- Financial income +€38,721
up €38,721 (+60.1%), from €64,480 to €103,200
- Taxes +€6,858
up €6,858 (+42.9%), from €15,979 to €22,837
- Gross operating margin +€2,714
up €2,714 (+5.9%), from €45,699 to €48,414
- Other operating charges -€944
down €944 (-50.2%), from €1,880 to €936
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 | €1,375,742 | €1,270,588 | -€105,153 | -7.6% |
| Fixed assets | 21/28 | €672,719 | €659,990 | -€12,729 | -1.9% |
| Tangible fixed assets | 22/27 | €47,719 | €34,990 | -€12,729 | -26.7% |
| Furniture and vehicles | 24 | €12,552 | €3,435 | -€9,117 | -72.6% |
| Other tangible fixed assets | 26 | €35,167 | €31,555 | -€3,612 | -10.3% |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €703,023 | €610,598 | -€92,424 | -13.1% |
| Amounts receivable within one year | 40/41 | €241,661 | €279,811 | +€38,150 | +15.8% |
| Trade receivables | 40 | €236,511 | €279,811 | +€43,300 | +18.3% |
| Other amounts receivable | 41 | €5,150 | - | -€5,150 | |
| Current investments | 50/53 | €382,785 | €152,478 | -€230,308 | -60.2% |
| Cash at bank and in hand | 54/58 | €77,296 | €176,963 | +€99,667 | +129% |
| Deferred charges and accrued income | 490/1 | €1,280 | €1,346 | +€66 | +5.1% |
| Total equity and liabilities | 10/49 | €1,375,742 | €1,270,588 | -€105,153 | -7.6% |
| Equity | 10/15 | €1,137,982 | €1,252,276 | +€114,294 | +10.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,125,582 | €1,239,876 | +€114,294 | +10.2% |
| Tax-exempt reserves | 132 | €4,652 | €4,652 | = | 0.0% |
| Distributable reserves | 133 | €1,120,929 | €1,235,224 | +€114,294 | +10.2% |
| Amounts payable | 17/49 | €237,760 | €18,312 | -€219,448 | -92.3% |
| Amounts payable within one year | 42/48 | €237,760 | €18,312 | -€219,448 | -92.3% |
| Current portion of amounts payable after more than one year | 42 | €8,467 | €8,453 | -€15 | -0.2% |
| Trade debts | 44 | €2,812 | €1,103 | -€1,708 | -60.8% |
| Suppliers | 440/4 | €2,812 | €1,103 | -€1,708 | -60.8% |
| Taxes, remuneration and social security | 45 | €11,516 | €3,647 | -€7,869 | -68.3% |
| Taxes | 450/3 | €11,516 | €3,647 | -€7,869 | -68.3% |
| Other amounts payable | 47/48 | €214,965 | €5,109 | -€209,855 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,001 | €12,729 | -€273 | -2.1% |
| Other operating charges | 640/8 | €1,880 | €936 | -€944 | -50.2% |
| Gross operating margin | 9900 | €45,699 | €48,414 | +€2,714 | +5.9% |
| Operating profit (loss) | 9901 | €30,817 | €34,749 | +€3,931 | +12.8% |
| Financial income | 75/76B | €64,480 | €103,200 | +€38,721 | +60.1% |
| Recurring financial income | 75 | €64,480 | €103,200 | +€38,721 | +60.1% |
| Financial charges | 65/66B | €670 | €817 | +€147 | +21.9% |
| Recurring financial charges | 65 | €670 | €817 | +€147 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €94,627 | €137,132 | +€42,505 | +44.9% |
| Income taxes | 67/77 | €15,979 | €22,837 | +€6,858 | +42.9% |
| Profit (loss) for the period | 9904 | €78,648 | €114,294 | +€35,647 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,648 | €114,294 | +€35,647 | +45.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.