ERPNET: 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.
ERPNET
Largest movements
- Cash +€14,214
up €14,214 (+42.1%), from €33,785 to €47,999
mainly Net result for the year (+€37,987) and Depreciation (+€12,607)
- Tangible fixed assets -€12,608
down €12,608 (-5.9%), from €212,082 to €199,474
of which Furniture and vehicles: -€7,090
- Reserves +€37,900
up €37,900 (+20.9%), from €181,210 to €219,110
- Current portion of long-term debt -€21,041
down €21,041 (-82.9%), from €25,391 to €4,350
- Other debts -€13,111
down €13,111 (-53.7%), from €24,414 to €11,303
- Tax, wage and social debts +€4,610
up €4,610 (+50.2%), from €9,179 to €13,789
- Debts after one year -€4,350
no longer reported in 2025 (was €4,350)
- Gross operating margin +€18,737
up €18,737 (+34.5%), from €54,332 to €73,069
- Depreciation -€10,158
down €10,158 (-44.6%), from €22,765 to €12,607
- Taxes +€9,370
up €9,370 (+98.3%), from €9,534 to €18,904
- Financial charges -€948
down €948 (-30.8%), from €3,080 to €2,132
- Other operating charges +€764
up €764 (+101.6%), from €752 to €1,516
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 | €311,991 | €313,279 | +€1,288 | +0.4% |
| Fixed assets | 21/28 | €212,082 | €199,474 | -€12,608 | -5.9% |
| Tangible fixed assets | 22/27 | €212,082 | €199,474 | -€12,608 | -5.9% |
| Land and buildings | 22 | €202,231 | €196,942 | -€5,289 | -2.6% |
| Plant, machinery and equipment | 23 | €1,898 | €1,669 | -€229 | -12.1% |
| Furniture and vehicles | 24 | €7,953 | €863 | -€7,090 | -89.1% |
| Current assets | 29/58 | €99,909 | €113,805 | +€13,896 | +13.9% |
| Amounts receivable within one year | 40/41 | €12,867 | €12,867 | = | 0.0% |
| Trade receivables | 40 | €9,438 | €9,438 | = | 0.0% |
| Other amounts receivable | 41 | €3,429 | €3,429 | = | 0.0% |
| Current investments | 50/53 | €52,698 | €52,698 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,785 | €47,999 | +€14,214 | +42.1% |
| Deferred charges and accrued income | 490/1 | €559 | €241 | -€318 | -56.9% |
| Total equity and liabilities | 10/49 | €311,991 | €313,279 | +€1,288 | +0.4% |
| Equity | 10/15 | €244,450 | €282,437 | +€37,987 | +15.5% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €181,210 | €219,110 | +€37,900 | +20.9% |
| Distributable reserves | 133 | €181,210 | €219,110 | +€37,900 | +20.9% |
| Profit (loss) carried forward | 14 | €26,240 | €26,327 | +€87 | +0.3% |
| Amounts payable | 17/49 | €67,541 | €30,842 | -€36,699 | -54.3% |
| Amounts payable after more than one year | 17 | €4,350 | - | -€4,350 | |
| Financial debts | 170/4 | €4,350 | - | -€4,350 | |
| Amounts payable within one year | 42/48 | €63,191 | €29,442 | -€33,749 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €25,391 | €4,350 | -€21,041 | -82.9% |
| Trade debts | 44 | €4,207 | - | -€4,207 | |
| Suppliers | 440/4 | €4,207 | - | -€4,207 | |
| Taxes, remuneration and social security | 45 | €9,179 | €13,789 | +€4,610 | +50.2% |
| Taxes | 450/3 | €9,179 | €13,789 | +€4,610 | +50.2% |
| Other amounts payable | 47/48 | €24,414 | €11,303 | -€13,111 | -53.7% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,765 | €12,607 | -€10,158 | -44.6% |
| Other operating charges | 640/8 | €752 | €1,516 | +€764 | +101.6% |
| Gross operating margin | 9900 | €54,332 | €73,069 | +€18,737 | +34.5% |
| Operating profit (loss) | 9901 | €30,815 | €58,946 | +€28,131 | +91.3% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €3,080 | €2,132 | -€948 | -30.8% |
| Recurring financial charges | 65 | €3,080 | €2,132 | -€948 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €27,735 | €56,891 | +€29,156 | +105.1% |
| Income taxes | 67/77 | €9,534 | €18,904 | +€9,370 | +98.3% |
| Profit (loss) for the period | 9904 | €18,201 | €37,987 | +€19,786 | +108.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,201 | €37,987 | +€19,786 | +108.7% |
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 4 October 2026 via checked.be.