ERO Management: 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.
ERO Management
Largest movements
- Tangible fixed assets -€7,592
down €7,592 (-65.6%), from €11,579 to €3,987
- Receivables within one year -€4,000
no longer reported in 2025 (was €4,000)
- Cash +€2,585
up €2,585 (+12.8%), from €20,238 to €22,823
mainly Depreciation (+€7,592) and Receivables within one year (+€4,000)
- Current portion of long-term debt -€5,978
no longer reported in 2025 (was €5,978)
- Other debts -€4,197
down €4,197 (-35.9%), from €11,700 to €7,503
- Profit (loss) carried forward +€1,380
up €1,380 (+17.4%), from €7,919 to €9,299
- Tax, wage and social debts -€382
down €382 (-7.3%), from €5,221 to €4,839
- Trade debts +€376
up €376 (+383.1%), from €98 to €474
- Gross operating margin +€10,983
up €10,983 (+2955.3%), from €372 to €11,355
- Taxes +€1,293
up €1,293 (+1042.8%), from €124 to €1,417
- Financial charges -€241
down €241 (-42.5%), from €566 to €325
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.
Cash bridge derived
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 | €36,106 | €27,115 | -€8,991 | -24.9% |
| Fixed assets | 21/28 | €11,579 | €3,987 | -€7,592 | -65.6% |
| Tangible fixed assets | 22/27 | €11,579 | €3,987 | -€7,592 | -65.6% |
| Furniture and vehicles | 24 | €11,579 | €3,987 | -€7,592 | -65.6% |
| Current assets | 29/58 | €24,527 | €23,128 | -€1,399 | -5.7% |
| Amounts receivable within one year | 40/41 | €4,000 | - | -€4,000 | |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €20,238 | €22,823 | +€2,585 | +12.8% |
| Deferred charges and accrued income | 490/1 | €289 | €305 | +€16 | +5.6% |
| Total equity and liabilities | 10/49 | €36,106 | €27,115 | -€8,991 | -24.9% |
| Equity | 10/15 | €12,919 | €14,299 | +€1,380 | +10.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,919 | €9,299 | +€1,380 | +17.4% |
| Amounts payable | 17/49 | €23,187 | €12,816 | -€10,371 | -44.7% |
| Amounts payable within one year | 42/48 | €22,997 | €12,816 | -€10,181 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €5,978 | - | -€5,978 | |
| Trade debts | 44 | €98 | €474 | +€376 | +383.1% |
| Suppliers | 440/4 | €98 | €474 | +€376 | +383.1% |
| Taxes, remuneration and social security | 45 | €5,221 | €4,839 | -€382 | -7.3% |
| Taxes | 450/3 | €5,221 | €4,839 | -€382 | -7.3% |
| Other amounts payable | 47/48 | €11,700 | €7,503 | -€4,197 | -35.9% |
| Accrued charges and deferred income | 492/3 | €190 | - | -€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,592 | €7,592 | = | 0.0% |
| Other operating charges | 640/8 | €585 | €643 | +€58 | +10.0% |
| Gross operating margin | 9900 | €372 | €11,355 | +€10,983 | +2955.3% |
| Operating profit (loss) | 9901 | -€7,805 | €3,120 | +€10,925 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €566 | €325 | -€241 | -42.5% |
| Recurring financial charges | 65 | €566 | €325 | -€241 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,372 | €2,797 | +€11,169 | |
| Income taxes | 67/77 | €124 | €1,417 | +€1,293 | +1042.8% |
| Profit (loss) for the period | 9904 | -€8,496 | €1,380 | +€9,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,496 | €1,380 | +€9,876 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.