ERSA: 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.
ERSA
Largest movements
- Receivables within one year +€126,809
up €126,809 (+112%), from €112,910 to €239,718
of which Trade receivables: +€113,677
- Cash +€13,416
up €13,416 (+17,258%), from €78 to €13,494
mainly Trade debts (+€132,670) and Net result for the year (+€45,555)
- Trade debts +€132,670
up €132,670 (+157%), from €84,437 to €217,107
- Other debts -€54,818
down €54,818 (-20.9%), from €262,838 to €208,019
- Profit (loss) carried forward +€45,555
up €45,555 (+46.6%), from -€97,843 to -€52,287
- Accrued charges and deferred income +€13,461
new in 2024: €13,461
- Tax, wage and social debts +€9,446
up €9,446 (+300%), from €3,145 to €12,591
- Gross operating margin +€85,037
up €85,037, from -€26,555 to €58,482
- Taxes +€9,446
new in 2024: €9,446
- Depreciation +€2,681
up €2,681 (+51,266%), from €5 to €2,686
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.
Derived cash bridge
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 | €271,178 | €417,491 | +€146,314 | +54.0% |
| Fixed assets | 21/28 | €3,815 | €7,978 | +€4,164 | +109% |
| Tangible fixed assets | 22/27 | €3,815 | €7,978 | +€4,164 | +109% |
| Plant, machinery and equipment | 23 | €2,297 | €7,220 | +€4,924 | +214% |
| Furniture and vehicles | 24 | €1,518 | €758 | -€760 | -50.1% |
| Current assets | 29/58 | €267,363 | €409,513 | +€142,150 | +53.2% |
| Stocks and contracts in progress | 3 | €154,375 | €156,300 | +€1,925 | +1.2% |
| Stocks | 30/36 | €154,375 | €156,300 | +€1,925 | +1.2% |
| Amounts receivable within one year | 40/41 | €112,910 | €239,718 | +€126,809 | +112% |
| Trade receivables | 40 | €106,165 | €219,842 | +€113,677 | +107% |
| Other amounts receivable | 41 | €6,745 | €19,877 | +€13,132 | +195% |
| Cash at bank and in hand | 54/58 | €78 | €13,494 | +€13,416 | +17,258% |
| Total equity and liabilities | 10/49 | €271,178 | €417,491 | +€146,314 | +54.0% |
| Equity | 10/15 | -€79,243 | -€33,687 | +€45,555 | +57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,843 | -€52,287 | +€45,555 | +46.6% |
| Amounts payable | 17/49 | €350,420 | €451,179 | +€100,758 | +28.8% |
| Amounts payable within one year | 42/48 | €350,420 | €437,718 | +€87,297 | +24.9% |
| Trade debts | 44 | €84,437 | €217,107 | +€132,670 | +157% |
| Suppliers | 440/4 | €84,437 | €217,107 | +€132,670 | +157% |
| Taxes, remuneration and social security | 45 | €3,145 | €12,591 | +€9,446 | +300% |
| Taxes | 450/3 | €3,145 | €12,591 | +€9,446 | +300% |
| Other amounts payable | 47/48 | €262,838 | €208,019 | -€54,818 | -20.9% |
| Accrued charges and deferred income | 492/3 | - | €13,461 | +€13,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5 | €2,686 | +€2,681 | +51,266% |
| Other operating charges | 640/8 | €175 | €387 | +€212 | +121% |
| Gross operating margin | 9900 | -€26,555 | €58,482 | +€85,037 | |
| Operating profit (loss) | 9901 | -€26,735 | €55,409 | +€82,144 | |
| Financial income | 75/76B | - | €180 | +€180 | |
| Recurring financial income | 75 | - | €180 | +€180 | |
| Financial charges | 65/66B | €425 | €588 | +€162 | +38.2% |
| Recurring financial charges | 65 | €425 | €588 | +€162 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,160 | €55,001 | +€82,162 | |
| Income taxes | 67/77 | - | €9,446 | +€9,446 | |
| Profit (loss) for the period | 9904 | -€27,160 | €45,555 | +€72,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,160 | €45,555 | +€72,716 |
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 13 October 2026 via checked.be.