ERMATRANS: 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.
ERMATRANS
Largest movements
- Tangible fixed assets -€48,093
down €48,093 (-36.1%), from €133,400 to €85,307
of which Furniture and vehicles: -€40,747
- Receivables within one year -€20,873
down €20,873 (-16.7%), from €125,019 to €104,146
of which Other amounts receivable: -€11,411
- Cash +€19,863
up €19,863 (+10.1%), from €197,296 to €217,159
mainly Depreciation (+€48,093) and Receivables within one year (+€20,873)
- Deferred charges and accrued income +€5,051
new in 2023: €5,051
- Other debts -€15,737
down €15,737 (-32.3%), from €48,685 to €32,948
- Trade debts -€13,207
down €13,207 (-31.3%), from €42,146 to €28,939
- Tax, wage and social debts -€12,705
down €12,705 (-81.4%), from €15,602 to €2,897
- Gross operating margin +€55,726
up €55,726 (+41.0%), from €135,763 to €191,490
- Financial income -€40,171
down €40,171 (-96.5%), from €41,635 to €1,464
- Staff costs -€5,988
down €5,988 (-4.0%), from €148,783 to €142,795
- Depreciation -€3,272
down €3,272 (-6.4%), from €51,365 to €48,093
- Taxes +€2,426
up €2,426, from -€26 to €2,400
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,298 | €412,011 | -€44,287 | -9.7% |
| Fixed assets | 21/28 | €133,982 | €85,654 | -€48,328 | -36.1% |
| Tangible fixed assets | 22/27 | €133,400 | €85,307 | -€48,093 | -36.1% |
| Land and buildings | 22 | €1,499 | €761 | -€738 | -49.2% |
| Plant, machinery and equipment | 23 | €16,809 | €10,200 | -€6,608 | -39.3% |
| Furniture and vehicles | 24 | €115,092 | €74,345 | -€40,747 | -35.4% |
| Financial fixed assets | 28 | €582 | €347 | -€235 | -40.4% |
| Current assets | 29/58 | €322,316 | €326,356 | +€4,041 | +1.3% |
| Amounts receivable within one year | 40/41 | €125,019 | €104,146 | -€20,873 | -16.7% |
| Trade receivables | 40 | €103,888 | €94,426 | -€9,462 | -9.1% |
| Other amounts receivable | 41 | €21,131 | €9,720 | -€11,411 | -54.0% |
| Cash at bank and in hand | 54/58 | €197,296 | €217,159 | +€19,863 | +10.1% |
| Deferred charges and accrued income | 490/1 | - | €5,051 | +€5,051 | |
| Total equity and liabilities | 10/49 | €456,298 | €412,011 | -€44,287 | -9.7% |
| Equity | 10/15 | €348,581 | €344,625 | -€3,956 | -1.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €328,121 | €324,165 | -€3,956 | -1.2% |
| Tax-exempt reserves | 132 | €99,922 | €99,922 | = | 0.0% |
| Distributable reserves | 133 | €228,199 | €224,243 | -€3,956 | -1.7% |
| Amounts payable | 17/49 | €107,717 | €67,386 | -€40,331 | -37.4% |
| Amounts payable within one year | 42/48 | €106,433 | €64,784 | -€41,649 | -39.1% |
| Trade debts | 44 | €42,146 | €28,939 | -€13,207 | -31.3% |
| Suppliers | 440/4 | €42,146 | €28,939 | -€13,207 | -31.3% |
| Taxes, remuneration and social security | 45 | €15,602 | €2,897 | -€12,705 | -81.4% |
| Remuneration and social security | 454/9 | €15,602 | €2,897 | -€12,705 | -81.4% |
| Other amounts payable | 47/48 | €48,685 | €32,948 | -€15,737 | -32.3% |
| Accrued charges and deferred income | 492/3 | €1,284 | €2,602 | +€1,318 | +102.7% |
| Remuneration, social security and pensions | 62 | €148,783 | €142,795 | -€5,988 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,365 | €48,093 | -€3,272 | -6.4% |
| Other operating charges | 640/8 | €4,617 | €2,924 | -€1,693 | -36.7% |
| Gross operating margin | 9900 | €135,763 | €191,490 | +€55,726 | +41.0% |
| Operating profit (loss) | 9901 | -€69,001 | -€2,322 | +€66,679 | +96.6% |
| Financial income | 75/76B | €41,635 | €1,464 | -€40,171 | -96.5% |
| Recurring financial income | 75 | €41,635 | €1,464 | -€40,171 | -96.5% |
| Financial charges | 65/66B | €193 | €698 | +€505 | +261.3% |
| Recurring financial charges | 65 | €193 | €698 | +€505 | +261.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,559 | -€1,556 | +€26,003 | +94.4% |
| Income taxes | 67/77 | -€26 | €2,400 | +€2,426 | |
| Profit (loss) for the period | 9904 | -€27,533 | -€3,956 | +€23,576 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,533 | -€3,956 | +€23,576 | +85.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.