ERLER: 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.
ERLER
Largest movements
- Receivables within one year +€10,479
up €10,479 (+111%), from €9,440 to €19,920
of which Other amounts receivable: +€9,669
- Cash +€2,968
up €2,968 (+54.5%), from €5,443 to €8,411
mainly Tax, wage and social debts (+€4,493) and Net result for the year (+€4,279)
- Stocks and contracts -€925
down €925 (-24.2%), from €3,821 to €2,896
- Tangible fixed assets -€584
down €584 (-25.0%), from €2,335 to €1,751
- Tax, wage and social debts +€4,493
up €4,493 (+115%), from €3,919 to €8,412
of which Remuneration and social security: +€3,499
- Profit (loss) carried forward +€4,279
up €4,279, from -€3,406 to €872
- Trade debts +€3,427
up €3,427 (+190%), from €1,805 to €5,232
- Other operating charges -€1,000
no longer reported in 2025 (was €1,000)
- Gross operating margin +€668
up €668 (+2.5%), from €27,010 to €27,678
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 | €22,062 | €34,261 | +€12,199 | +55.3% |
| Fixed assets | 21/28 | €2,335 | €1,751 | -€584 | -25.0% |
| Tangible fixed assets | 22/27 | €2,335 | €1,751 | -€584 | -25.0% |
| Other tangible fixed assets | 26 | €2,335 | €1,751 | -€584 | -25.0% |
| Current assets | 29/58 | €19,727 | €32,510 | +€12,783 | +64.8% |
| Stocks and contracts in progress | 3 | €3,821 | €2,896 | -€925 | -24.2% |
| Stocks | 30/36 | €3,821 | €2,896 | -€925 | -24.2% |
| Amounts receivable within one year | 40/41 | €9,440 | €19,920 | +€10,479 | +111% |
| Trade receivables | 40 | €74 | €884 | +€810 | +1,101% |
| Other amounts receivable | 41 | €9,367 | €19,036 | +€9,669 | +103% |
| Cash at bank and in hand | 54/58 | €5,443 | €8,411 | +€2,968 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,023 | €1,284 | +€261 | +25.5% |
| Total equity and liabilities | 10/49 | €22,062 | €34,261 | +€12,199 | +55.3% |
| Equity | 10/15 | €16,338 | €20,617 | +€4,279 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,145 | €1,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,145 | €1,145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,145 | €1,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,406 | €872 | +€4,279 | |
| Amounts payable | 17/49 | €5,724 | €13,644 | +€7,920 | +138% |
| Amounts payable within one year | 42/48 | €5,724 | €13,644 | +€7,920 | +138% |
| Trade debts | 44 | €1,805 | €5,232 | +€3,427 | +190% |
| Suppliers | 440/4 | €1,805 | €5,232 | +€3,427 | +190% |
| Taxes, remuneration and social security | 45 | €3,919 | €8,412 | +€4,493 | +115% |
| Taxes | 450/3 | €2,171 | €3,165 | +€994 | +45.8% |
| Remuneration and social security | 454/9 | €1,748 | €5,247 | +€3,499 | +200% |
| Remuneration, social security and pensions | 62 | €22,539 | €22,441 | -€98 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €584 | = | 0.0% |
| Other operating charges | 640/8 | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | €27,010 | €27,678 | +€668 | +2.5% |
| Operating profit (loss) | 9901 | €2,888 | €4,654 | +€1,766 | +61.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €0 | €105 | +€105 | +105,140% |
| Recurring financial charges | 65 | €0 | €105 | +€105 | +105,140% |
| Profit (loss) for the period before taxes | 9903 | €2,888 | €4,549 | +€1,661 | +57.5% |
| Income taxes | 67/77 | - | €270 | +€270 | |
| Profit (loss) for the period | 9904 | €2,888 | €4,279 | +€1,391 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,888 | €4,279 | +€1,391 | +48.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.