ERS GROUPE: 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.
ERS GROUPE
Largest movements
- Receivables within one year +€433,255
up €433,255 (+120%), from €362,552 to €795,807
of which Trade receivables: +€416,238
- Cash -€29,551
no longer reported in 2023 (was €29,551)
mainly Receivables within one year (-€433,255) and Current portion of long-term debt (-€129,145)
- Tangible fixed assets -€15,934
down €15,934 (-8.4%), from €188,910 to €172,976
of which Leasing and similar rights: -€101,290
- Trade debts +€366,172
up €366,172 (+93.5%), from €391,556 to €757,728
- Current portion of long-term debt -€129,145
down €129,145 (-91.1%), from €141,756 to €12,611
- Debts after one year +€102,500
new in 2023: €102,500
- Profit (loss) carried forward +€27,403
up €27,403 (+53.3%), from €51,367 to €78,770
- Tax, wage and social debts +€19,155
up €19,155 (+31.0%), from €61,802 to €80,957
of which Taxes: +€25,232
- Other operating charges -€24,696
down €24,696 (-43.2%), from €57,197 to €32,500
- Depreciation +€17,346
up €17,346 (+16.7%), from €104,028 to €121,374
- Staff costs -€15,755
down €15,755 (-3.4%), from €462,794 to €447,040
- Gross operating margin -€12,298
down €12,298 (-1.9%), from €643,111 to €630,813
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,712 | €1,045,483 | +€387,771 | +59.0% |
| Fixed assets | 21/28 | €265,610 | €249,676 | -€15,934 | -6.0% |
| Tangible fixed assets | 22/27 | €188,910 | €172,976 | -€15,934 | -8.4% |
| Plant, machinery and equipment | 23 | €2,218 | €3,746 | +€1,528 | +68.9% |
| Furniture and vehicles | 24 | €8,465 | €92,293 | +€83,828 | +990% |
| Leasing and similar rights | 25 | €178,226 | €76,936 | -€101,290 | -56.8% |
| Financial fixed assets | 28 | €76,700 | €76,700 | = | 0.0% |
| Current assets | 29/58 | €392,103 | €795,807 | +€403,704 | +103% |
| Amounts receivable within one year | 40/41 | €362,552 | €795,807 | +€433,255 | +120% |
| Trade receivables | 40 | €362,552 | €778,790 | +€416,238 | +115% |
| Other amounts receivable | 41 | - | €17,017 | +€17,017 | |
| Cash at bank and in hand | 54/58 | €29,551 | - | -€29,551 | |
| Total equity and liabilities | 10/49 | €657,712 | €1,045,483 | +€387,771 | +59.0% |
| Equity | 10/15 | €61,367 | €88,770 | +€27,403 | +44.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,367 | €78,770 | +€27,403 | +53.3% |
| Amounts payable | 17/49 | €596,345 | €956,713 | +€360,368 | +60.4% |
| Amounts payable after more than one year | 17 | - | €102,500 | +€102,500 | |
| Financial debts | 170/4 | - | €102,500 | +€102,500 | |
| Amounts payable within one year | 42/48 | €596,345 | €854,213 | +€257,868 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €141,756 | €12,611 | -€129,145 | -91.1% |
| Financial debts | 43 | - | €2,917 | +€2,917 | |
| Credit institutions | 430/8 | - | €2,917 | +€2,917 | |
| Trade debts | 44 | €391,556 | €757,728 | +€366,172 | +93.5% |
| Suppliers | 440/4 | €391,556 | €757,728 | +€366,172 | +93.5% |
| Taxes, remuneration and social security | 45 | €61,802 | €80,957 | +€19,155 | +31.0% |
| Taxes | 450/3 | €46,235 | €71,467 | +€25,232 | +54.6% |
| Remuneration and social security | 454/9 | €15,567 | €9,490 | -€6,077 | -39.0% |
| Other amounts payable | 47/48 | €1,231 | - | -€1,231 | |
| Remuneration, social security and pensions | 62 | €462,794 | €447,040 | -€15,755 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,028 | €121,374 | +€17,346 | +16.7% |
| Other operating charges | 640/8 | €57,197 | €32,500 | -€24,696 | -43.2% |
| Gross operating margin | 9900 | €643,111 | €630,813 | -€12,298 | -1.9% |
| Operating profit (loss) | 9901 | €19,092 | €29,899 | +€10,807 | +56.6% |
| Financial charges | 65/66B | €1,995 | €2,497 | +€501 | +25.1% |
| Recurring financial charges | 65 | €1,995 | €2,497 | +€501 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €17,097 | €27,403 | +€10,306 | +60.3% |
| Profit (loss) for the period | 9904 | €17,097 | €27,403 | +€10,306 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,097 | €27,403 | +€10,306 | +60.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.