ERPA: 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.
ERPA
Largest movements
- Cash -€6,558
down €6,558 (-7.4%), from €88,182 to €81,624
mainly Other debts (-€9,000) and Net result for the year (-€7,214)
- Tangible fixed assets -€3,419
down €3,419 (-4.3%), from €79,086 to €75,668
- Current portion of long-term debt +€9,000
new in 2025: €9,000
- Other debts -€9,000
down €9,000 (-8.6%), from €105,151 to €96,151
- Profit (loss) carried forward -€7,214
down €7,214 (-46.7%), from -€15,456 to -€22,670
- Gross operating margin +€8,576
up €8,576, from -€5,820 to €2,756
- Other operating charges +€2,747
up €2,747 (+55.8%), from €4,924 to €7,671
- Financial income +€414
up €414 (+40.7%), from €1,017 to €1,430
- Financial charges -€61
down €61 (-16.3%), from €371 to €311
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 | €333,503 | €326,956 | -€6,547 | -2.0% |
| Fixed assets | 21/28 | €85,766 | €82,348 | -€3,419 | -4.0% |
| Tangible fixed assets | 22/27 | €79,086 | €75,668 | -€3,419 | -4.3% |
| Land and buildings | 22 | €79,086 | €75,668 | -€3,419 | -4.3% |
| Financial fixed assets | 28 | €6,680 | €6,680 | = | 0.0% |
| Current assets | 29/58 | €247,736 | €244,608 | -€3,128 | -1.3% |
| Amounts receivable within one year | 40/41 | - | €1,526 | +€1,526 | |
| Other amounts receivable | 41 | - | €1,526 | +€1,526 | |
| Current investments | 50/53 | €159,064 | €160,459 | +€1,395 | +0.9% |
| Cash at bank and in hand | 54/58 | €88,182 | €81,624 | -€6,558 | -7.4% |
| Deferred charges and accrued income | 490/1 | €490 | €998 | +€509 | +103.8% |
| Total equity and liabilities | 10/49 | €333,503 | €326,956 | -€6,547 | -2.0% |
| Equity | 10/15 | €225,529 | €218,315 | -€7,214 | -3.2% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €145,985 | €145,985 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,500 | €9,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €136,485 | €136,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,456 | -€22,670 | -€7,214 | -46.7% |
| Amounts payable | 17/49 | €107,974 | €108,641 | +€667 | +0.6% |
| Amounts payable within one year | 42/48 | €107,913 | €108,641 | +€728 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,000 | +€9,000 | |
| Trade debts | 44 | €2,763 | €3,490 | +€728 | +26.3% |
| Suppliers | 440/4 | €2,763 | €3,490 | +€728 | +26.3% |
| Other amounts payable | 47/48 | €105,151 | €96,151 | -€9,000 | -8.6% |
| Accrued charges and deferred income | 492/3 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,419 | €3,419 | = | 0.0% |
| Other operating charges | 640/8 | €4,924 | €7,671 | +€2,747 | +55.8% |
| Gross operating margin | 9900 | -€5,820 | €2,756 | +€8,576 | |
| Operating profit (loss) | 9901 | -€14,163 | -€8,334 | +€5,829 | +41.2% |
| Financial income | 75/76B | €1,017 | €1,430 | +€414 | +40.7% |
| Recurring financial income | 75 | €1,017 | €1,430 | +€414 | +40.7% |
| Financial charges | 65/66B | €371 | €311 | -€61 | -16.3% |
| Recurring financial charges | 65 | €371 | €311 | -€61 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,518 | -€7,214 | +€6,304 | +46.6% |
| Income taxes | 67/77 | €13 | - | -€13 | |
| Profit (loss) for the period | 9904 | -€13,530 | -€7,214 | +€6,316 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,530 | -€7,214 | +€6,316 | +46.7% |
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 11 October 2026 via checked.be.