ERPAT: 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.
ERPAT
Largest movements
- Cash +€6,644
up €6,644 (+37.9%), from €17,532 to €24,176
mainly Tax, wage and social debts (+€21,800) and Depreciation (+€17,286)
- Tangible fixed assets -€5,996
down €5,996 (-12.9%), from €46,387 to €40,391
of which Land and buildings: -€4,139
- Financial fixed assets +€5,500
up €5,500 (+3437.5%), from €160 to €5,660
- Receivables within one year +€4,575
up €4,575 (+12.7%), from €36,016 to €40,591
- Stocks and contracts -€3,804
down €3,804 (-16.4%), from €23,193 to €19,389
- Tax, wage and social debts +€21,800
up €21,800 (+43.5%), from €50,099 to €71,899
of which Taxes: +€21,354
- Profit (loss) carried forward -€8,815
down €8,815 (-49.9%), from -€17,668 to -€26,483
- Debts after one year -€4,210
down €4,210 (-58.7%), from €7,171 to €2,961
- Trade debts -€2,728
down €2,728 (-4.6%), from €59,145 to €56,417
- Gross operating margin -€4,601
down €4,601 (-4.7%), from €97,893 to €93,292
- Depreciation +€2,474
up €2,474 (+16.7%), from €14,812 to €17,286
- Staff costs +€1,377
up €1,377 (+2.6%), from €52,589 to €53,966
- Financial charges -€1,012
down €1,012 (-27.5%), from €3,675 to €2,663
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 | €123,367 | €130,287 | +€6,920 | +5.6% |
| Fixed assets | 21/28 | €46,547 | €46,051 | -€496 | -1.1% |
| Tangible fixed assets | 22/27 | €46,387 | €40,391 | -€5,996 | -12.9% |
| Land and buildings | 22 | €12,536 | €8,397 | -€4,139 | -33.0% |
| Plant, machinery and equipment | 23 | €12,845 | €12,482 | -€363 | -2.8% |
| Furniture and vehicles | 24 | €21,006 | €19,512 | -€1,494 | -7.1% |
| Financial fixed assets | 28 | €160 | €5,660 | +€5,500 | +3437.5% |
| Current assets | 29/58 | €76,820 | €84,236 | +€7,416 | +9.7% |
| Stocks and contracts in progress | 3 | €23,193 | €19,389 | -€3,804 | -16.4% |
| Stocks | 30/36 | €23,193 | €19,389 | -€3,804 | -16.4% |
| Amounts receivable within one year | 40/41 | €36,016 | €40,591 | +€4,575 | +12.7% |
| Other amounts receivable | 41 | €36,016 | €40,591 | +€4,575 | +12.7% |
| Cash at bank and in hand | 54/58 | €17,532 | €24,176 | +€6,644 | +37.9% |
| Deferred charges and accrued income | 490/1 | €79 | €80 | +€1 | +1.3% |
| Total equity and liabilities | 10/49 | €123,367 | €130,287 | +€6,920 | +5.6% |
| Equity | 10/15 | €2,792 | -€6,023 | -€8,815 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,668 | -€26,483 | -€8,815 | -49.9% |
| Amounts payable | 17/49 | €120,575 | €136,310 | +€15,735 | +13.0% |
| Amounts payable after more than one year | 17 | €7,171 | €2,961 | -€4,210 | -58.7% |
| Financial debts | 170/4 | €7,171 | €2,961 | -€4,210 | -58.7% |
| Amounts payable within one year | 42/48 | €113,191 | €132,525 | +€19,334 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €3,947 | €4,209 | +€262 | +6.6% |
| Trade debts | 44 | €59,145 | €56,417 | -€2,728 | -4.6% |
| Suppliers | 440/4 | €59,145 | €56,417 | -€2,728 | -4.6% |
| Taxes, remuneration and social security | 45 | €50,099 | €71,899 | +€21,800 | +43.5% |
| Taxes | 450/3 | €44,010 | €65,364 | +€21,354 | +48.5% |
| Remuneration and social security | 454/9 | €6,089 | €6,535 | +€446 | +7.3% |
| Accrued charges and deferred income | 492/3 | €213 | €824 | +€611 | +286.9% |
| Remuneration, social security and pensions | 62 | €52,589 | €53,966 | +€1,377 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,812 | €17,286 | +€2,474 | +16.7% |
| Other operating charges | 640/8 | €7,569 | €8,446 | +€877 | +11.6% |
| Non-recurring operating charges | 66A | €11,702 | €18,915 | +€7,213 | +61.6% |
| Gross operating margin | 9900 | €97,893 | €93,292 | -€4,601 | -4.7% |
| Operating profit (loss) | 9901 | €11,221 | -€5,321 | -€16,542 | |
| Financial charges | 65/66B | €3,675 | €2,663 | -€1,012 | -27.5% |
| Recurring financial charges | 65 | €3,675 | €2,663 | -€1,012 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €7,546 | -€7,984 | -€15,530 | |
| Income taxes | 67/77 | €538 | €831 | +€293 | +54.5% |
| Profit (loss) for the period | 9904 | €7,008 | -€8,815 | -€15,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,008 | -€8,815 | -€15,823 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.