Ersa: 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.
Ersa
Largest movements
- Tangible fixed assets -€8,443
down €8,443 (-6.1%), from €137,517 to €129,073
- Debts within one year -€8,543
down €8,543 (-13.5%), from €63,251 to €54,707
- Debts after one year -€3,327
down €3,327 (-30.3%), from €10,966 to €7,639
- Profit (loss) carried forward +€2,980
up €2,980 (+3.6%), from €82,893 to €85,873
- Gross operating margin -€4,684
down €4,684 (-28.6%), from €16,396 to €11,712
- Taxes -€2,884
down €2,884, from €1,631 to -€1,254
- Turnover +€1,000
up €1,000 (+7.1%), from €14,000 to €15,000
- Depreciation +€270
up €270 (+3.1%), from €8,841 to €9,111
From the 2011 result to the 2012 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,311 | €154,420 | -€8,890 | -5.4% |
| Fixed assets | 21/28 | €137,574 | €129,130 | -€8,443 | -6.1% |
| Tangible fixed assets | 22/27 | €137,517 | €129,073 | -€8,443 | -6.1% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €25,737 | €25,290 | -€447 | -1.7% |
| Amounts receivable within one year | 40/41 | €11,318 | €11,039 | -€279 | -2.5% |
| Cash at bank and in hand | 54/58 | €13,207 | €13,532 | +€325 | +2.5% |
| Total equity and liabilities | 10/49 | €163,311 | €154,420 | -€8,890 | -5.4% |
| Equity | 10/15 | €89,094 | €92,074 | +€2,980 | +3.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,893 | €85,873 | +€2,980 | +3.6% |
| Amounts payable | 17/49 | €74,216 | €62,346 | -€11,870 | -16.0% |
| Amounts payable after more than one year | 17 | €10,966 | €7,639 | -€3,327 | -30.3% |
| Amounts payable within one year | 42/48 | €63,251 | €54,707 | -€8,543 | -13.5% |
| Trade debts | 44 | €4,035 | €200 | -€3,835 | -95.0% |
| Turnover | 70 | €14,000 | €15,000 | +€1,000 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,841 | €9,111 | +€270 | +3.1% |
| Gross operating margin | 9900 | €16,396 | €11,712 | -€4,684 | -28.6% |
| Operating profit (loss) | 9901 | €7,301 | €2,345 | -€4,956 | -67.9% |
| Recurring financial income | 75 | €253 | €70 | -€184 | -72.5% |
| Recurring financial charges | 65 | €784 | €688 | -€97 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €6,770 | €1,726 | -€5,043 | -74.5% |
| Income taxes | 67/77 | €1,631 | -€1,254 | -€2,884 | |
| Profit (loss) for the period | 9904 | €5,139 | €2,980 | -€2,159 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,139 | €2,980 | -€2,159 | -42.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2011 and 31 December 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.