ERLY: 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.
ERLY
Largest movements
- Cash +€33,187
up €33,187 (+200.3%), from €16,567 to €49,754
- Receivables within one year -€9,400
down €9,400 (-93.1%), from €10,093 to €693
- Tangible fixed assets +€7,115
up €7,115 (+35576.0%), from €20 to €7,135
of which Plant, machinery and equipment: +€7,115
- Deferred charges and accrued income +€6,235
up €6,235 (+4517.8%), from €138 to €6,373
- Profit (loss) carried forward +€22,252
up €22,252, from -€1,767 to €20,485
- Trade debts +€13,758
up €13,758 (+162.7%), from €8,455 to €22,213
- Tax, wage and social debts +€2,974
up €2,974 (+77.6%), from €3,833 to €6,807
of which Remuneration and social security: +€2,023
- Current portion of long-term debt -€2,287
no longer reported in 2025 (was €2,287)
- Staff costs -€12,354
down €12,354 (-45.1%), from €27,423 to €15,069
- Gross operating margin +€2,021
up €2,021 (+4.6%), from €43,743 to €45,764
- Other operating charges +€1,973
up €1,973 (+44.3%), from €4,455 to €6,428
- Depreciation +€562
up €562 (+56.1%), from €1,003 to €1,565
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,068 | €64,205 | +€37,137 | +137.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €270 | €7,385 | +€7,115 | +2635.3% |
| Tangible fixed assets | 22/27 | €20 | €7,135 | +€7,115 | +35576.0% |
| Plant, machinery and equipment | 23 | €20 | €7,135 | +€7,115 | +35576.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €26,798 | €56,820 | +€30,022 | +112.0% |
| Amounts receivable within one year | 40/41 | €10,093 | €693 | -€9,400 | -93.1% |
| Other amounts receivable | 41 | €10,093 | €693 | -€9,400 | -93.1% |
| Cash at bank and in hand | 54/58 | €16,567 | €49,754 | +€33,187 | +200.3% |
| Deferred charges and accrued income | 490/1 | €138 | €6,373 | +€6,235 | +4517.8% |
| Total equity and liabilities | 10/49 | €27,068 | €64,205 | +€37,137 | +137.2% |
| Equity | 10/15 | €12,493 | €34,745 | +€22,252 | +178.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€1,767 | €20,485 | +€22,252 | |
| Amounts payable | 17/49 | €14,575 | €29,460 | +€14,885 | +102.1% |
| Amounts payable within one year | 42/48 | €14,575 | €29,334 | +€14,759 | +101.3% |
| Current portion of amounts payable after more than one year | 42 | €2,287 | - | -€2,287 | |
| Trade debts | 44 | €8,455 | €22,213 | +€13,758 | +162.7% |
| Suppliers | 440/4 | €8,455 | €22,213 | +€13,758 | +162.7% |
| Taxes, remuneration and social security | 45 | €3,833 | €6,807 | +€2,974 | +77.6% |
| Taxes | 450/3 | €49 | €1,000 | +€951 | +1940.8% |
| Remuneration and social security | 454/9 | €3,784 | €5,807 | +€2,023 | +53.5% |
| Other amounts payable | 47/48 | - | €314 | +€314 | |
| Accrued charges and deferred income | 492/3 | - | €126 | +€126 | |
| Remuneration, social security and pensions | 62 | €27,423 | €15,069 | -€12,354 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,003 | €1,565 | +€562 | +56.1% |
| Other operating charges | 640/8 | €4,455 | €6,428 | +€1,973 | +44.3% |
| Gross operating margin | 9900 | €43,743 | €45,764 | +€2,021 | +4.6% |
| Operating profit (loss) | 9901 | €10,862 | €22,702 | +€11,840 | +109.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €516 | €450 | -€66 | -12.8% |
| Recurring financial charges | 65 | €516 | €450 | -€66 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €10,347 | €22,252 | +€11,905 | +115.1% |
| Profit (loss) for the period | 9904 | €10,347 | €22,252 | +€11,905 | +115.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,347 | €22,252 | +€11,905 | +115.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.