ERL: 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.
ERL
Largest movements
- Financial fixed assets +€14,404
up €14,404 (+15,288%), from €94 to €14,499
- Tangible fixed assets +€13,252
up €13,252 (+80.9%), from €16,373 to €29,625
of which Furniture and vehicles: +€13,175
- Receivables within one year +€6,961
up €6,961 (+14.6%), from €47,835 to €54,795
of which Trade receivables: +€18,023
- Cash +€3,844
up €3,844 (+4,469%), from €86 to €3,930
mainly Trade debts (+€22,479) and Net result for the year (+€14,076)
- Trade debts +€22,479
up €22,479 (+75.6%), from €29,741 to €52,220
- Reserves +€14,076
up €14,076 (+62.0%), from €22,721 to €36,797
- Tax, wage and social debts +€5,729
up €5,729 (+80.1%), from €7,149 to €12,878
of which Taxes: +€5,679
- Other debts -€4,000
no longer reported in 2024 (was €4,000)
- Gross operating margin -€3,457
down €3,457 (-12.0%), from €28,786 to €25,330
- Depreciation +€3,008
up €3,008 (+75.5%), from €3,985 to €6,993
- Financial income -€476
down €476 (-39.2%), from €1,215 to €739
- Taxes -€433
down €433 (-9.4%), from €4,607 to €4,175
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,712 | €102,895 | +€38,183 | +59.0% |
| Formation expenses | 20 | €324 | €46 | -€278 | -85.7% |
| Fixed assets | 21/28 | €16,467 | €44,124 | +€27,657 | +168% |
| Tangible fixed assets | 22/27 | €16,373 | €29,625 | +€13,252 | +80.9% |
| Plant, machinery and equipment | 23 | €3,118 | €3,195 | +€77 | +2.5% |
| Furniture and vehicles | 24 | €13,255 | €26,430 | +€13,175 | +99.4% |
| Financial fixed assets | 28 | €94 | €14,499 | +€14,404 | +15,288% |
| Current assets | 29/58 | €47,921 | €58,725 | +€10,804 | +22.5% |
| Amounts receivable within one year | 40/41 | €47,835 | €54,795 | +€6,961 | +14.6% |
| Trade receivables | 40 | €13,872 | €31,896 | +€18,023 | +130% |
| Other amounts receivable | 41 | €33,962 | €22,900 | -€11,062 | -32.6% |
| Cash at bank and in hand | 54/58 | €86 | €3,930 | +€3,844 | +4,469% |
| Total equity and liabilities | 10/49 | €64,712 | €102,895 | +€38,183 | +59.0% |
| Equity | 10/15 | €23,721 | €37,797 | +€14,076 | +59.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €22,721 | €36,797 | +€14,076 | +62.0% |
| Distributable reserves | 133 | €22,721 | €36,797 | +€14,076 | +62.0% |
| Amounts payable | 17/49 | €40,991 | €65,098 | +€24,107 | +58.8% |
| Amounts payable within one year | 42/48 | €40,891 | €65,098 | +€24,207 | +59.2% |
| Trade debts | 44 | €29,741 | €52,220 | +€22,479 | +75.6% |
| Suppliers | 440/4 | €29,741 | €52,220 | +€22,479 | +75.6% |
| Taxes, remuneration and social security | 45 | €7,149 | €12,878 | +€5,729 | +80.1% |
| Taxes | 450/3 | €7,149 | €12,828 | +€5,679 | +79.4% |
| Remuneration and social security | 454/9 | - | €50 | +€50 | |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,985 | €6,993 | +€3,008 | +75.5% |
| Other operating charges | 640/8 | €644 | €703 | +€59 | +9.2% |
| Gross operating margin | 9900 | €28,786 | €25,330 | -€3,457 | -12.0% |
| Operating profit (loss) | 9901 | €24,158 | €17,634 | -€6,524 | -27.0% |
| Financial income | 75/76B | €1,215 | €739 | -€476 | -39.2% |
| Recurring financial income | 75 | €1,215 | €739 | -€476 | -39.2% |
| Financial charges | 65/66B | €362 | €123 | -€239 | -66.0% |
| Recurring financial charges | 65 | €362 | €123 | -€239 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €25,011 | €18,251 | -€6,760 | -27.0% |
| Income taxes | 67/77 | €4,607 | €4,175 | -€433 | -9.4% |
| Profit (loss) for the period | 9904 | €20,404 | €14,076 | -€6,328 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,404 | €14,076 | -€6,328 | -31.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.