ERRA: 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.
ERRA
Largest movements
- Receivables within one year +€84,894
up €84,894 (+691.2%), from €12,282 to €97,176
of which Trade receivables: +€87,677
- Cash +€39,049
up €39,049, from €0 to €39,049
mainly Advances received (+€59,380) and Net result for the year (+€58,871)
- Tangible fixed assets -€25,896
down €25,896 (-30.5%), from €84,823 to €58,927
of which Other tangible fixed assets: -€32,632
- Stocks and contracts -€7,007
no longer reported in 2024 (was €7,007)
- Deferred charges and accrued income -€2,312
down €2,312 (-33.0%), from €7,003 to €4,691
- Advances received +€59,380
up €59,380 (+233.9%), from €25,388 to €84,768
- Profit (loss) carried forward +€58,871
up €58,871 (+49.3%), from -€119,430 to -€60,559
- Tax, wage and social debts -€46,309
down €46,309 (-68.9%), from €67,248 to €20,939
of which Remuneration and social security: -€37,229
- Other debts +€13,741
up €13,741 (+108.0%), from €12,728 to €26,469
- Debts after one year -€11,719
down €11,719 (-12.4%), from €94,467 to €82,748
- Gross operating margin +€94,994
up €94,994 (+461.6%), from €20,578 to €115,572
- Staff costs -€41,670
down €41,670 (-70.3%), from €59,313 to €17,643
- Financial charges -€3,791
down €3,791 (-61.3%), from €6,181 to €2,389
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,757 | €218,681 | +€87,924 | +67.2% |
| Formation expenses | 20 | €804 | - | -€804 | |
| Fixed assets | 21/28 | €103,661 | €77,765 | -€25,896 | -25.0% |
| Tangible fixed assets | 22/27 | €84,823 | €58,927 | -€25,896 | -30.5% |
| Plant, machinery and equipment | 23 | €3,283 | €1,460 | -€1,823 | -55.5% |
| Furniture and vehicles | 24 | €408 | €8,966 | +€8,558 | +2095.8% |
| Other tangible fixed assets | 26 | €81,132 | €48,500 | -€32,632 | -40.2% |
| Financial fixed assets | 28 | €18,838 | €18,838 | = | 0.0% |
| Current assets | 29/58 | €26,292 | €140,916 | +€114,624 | +436.0% |
| Stocks and contracts in progress | 3 | €7,007 | - | -€7,007 | |
| Stocks | 30/36 | €7,007 | - | -€7,007 | |
| Amounts receivable within one year | 40/41 | €12,282 | €97,176 | +€84,894 | +691.2% |
| Trade receivables | 40 | €6,422 | €94,099 | +€87,677 | +1365.3% |
| Other amounts receivable | 41 | €5,860 | €3,077 | -€2,783 | -47.5% |
| Cash at bank and in hand | 54/58 | €0 | €39,049 | +€39,049 | |
| Deferred charges and accrued income | 490/1 | €7,003 | €4,691 | -€2,312 | -33.0% |
| Total equity and liabilities | 10/49 | €130,757 | €218,681 | +€87,924 | +67.2% |
| Equity | 10/15 | -€109,430 | -€50,559 | +€58,871 | +53.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,430 | -€60,559 | +€58,871 | +49.3% |
| Amounts payable | 17/49 | €240,187 | €269,240 | +€29,053 | +12.1% |
| Amounts payable after more than one year | 17 | €94,467 | €82,748 | -€11,719 | -12.4% |
| Financial debts | 170/4 | €94,467 | €82,748 | -€11,719 | -12.4% |
| Amounts payable within one year | 42/48 | €145,720 | €181,508 | +€35,788 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €9,853 | €10,890 | +€1,037 | +10.5% |
| Financial debts | 43 | €3,488 | €1,758 | -€1,731 | -49.6% |
| Credit institutions | 430/8 | €3,488 | €1,758 | -€1,731 | -49.6% |
| Trade debts | 44 | €27,014 | €36,684 | +€9,670 | +35.8% |
| Suppliers | 440/4 | €27,014 | €36,684 | +€9,670 | +35.8% |
| Advances received on contracts in progress | 46 | €25,388 | €84,768 | +€59,380 | +233.9% |
| Taxes, remuneration and social security | 45 | €67,248 | €20,939 | -€46,309 | -68.9% |
| Taxes | 450/3 | €30,019 | €20,939 | -€9,081 | -30.2% |
| Remuneration and social security | 454/9 | €37,229 | - | -€37,229 | |
| Other amounts payable | 47/48 | €12,728 | €26,469 | +€13,741 | +108.0% |
| Accrued charges and deferred income | 492/3 | €0 | €4,985 | +€4,985 | |
| Remuneration, social security and pensions | 62 | €59,313 | €17,643 | -€41,670 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,806 | €36,633 | +€826 | +2.3% |
| Other operating charges | 640/8 | €1,514 | €533 | -€981 | -64.8% |
| Gross operating margin | 9900 | €20,578 | €115,572 | +€94,994 | +461.6% |
| Operating profit (loss) | 9901 | -€76,056 | €60,763 | +€136,818 | |
| Financial income | 75/76B | €12 | €357 | +€345 | +2846.9% |
| Recurring financial income | 75 | €12 | €357 | +€345 | +2846.9% |
| Financial charges | 65/66B | €6,181 | €2,389 | -€3,791 | -61.3% |
| Recurring financial charges | 65 | €6,181 | €2,389 | -€3,791 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€82,224 | €58,731 | +€140,955 | |
| Income taxes | 67/77 | €123 | -€140 | -€263 | |
| Profit (loss) for the period | 9904 | -€82,347 | €58,871 | +€141,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,347 | €58,871 | +€141,218 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.