ERSABU: 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.
ERSABU
Largest movements
- Cash +€32,162
up €32,162 (+14.2%), from €227,042 to €259,204
mainly Net result for the year (+€32,829) and Depreciation (+€18,008)
- Tangible fixed assets -€18,008
down €18,008 (-9.2%), from €195,581 to €177,573
of which Furniture and vehicles: -€13,769
- Reserves +€32,829
up €32,829 (+7.8%), from €421,495 to €454,325
of which Distributable reserves: +€32,829
- Debts after one year -€7,786
down €7,786 (-25.9%), from €30,080 to €22,294
- Gross operating margin -€47,338
down €47,338 (-41.7%), from €113,653 to €66,315
- Taxes -€13,838
down €13,838 (-52.7%), from €26,247 to €12,409
- Depreciation +€8,628
up €8,628 (+92.0%), from €9,380 to €18,008
- Financial income -€2,175
down €2,175 (-37.5%), from €5,796 to €3,621
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.
Derived cash bridge
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 | €519,394 | €528,824 | +€9,430 | +1.8% |
| Fixed assets | 21/28 | €195,581 | €177,573 | -€18,008 | -9.2% |
| Tangible fixed assets | 22/27 | €195,581 | €177,573 | -€18,008 | -9.2% |
| Land and buildings | 22 | €129,500 | €126,544 | -€2,956 | -2.3% |
| Plant, machinery and equipment | 23 | €2,390 | €1,107 | -€1,283 | -53.7% |
| Furniture and vehicles | 24 | €63,691 | €49,922 | -€13,769 | -21.6% |
| Current assets | 29/58 | €323,813 | €351,251 | +€27,438 | +8.5% |
| Amounts receivable within one year | 40/41 | €52,950 | €48,440 | -€4,510 | -8.5% |
| Trade receivables | 40 | €48,000 | €40,281 | -€7,719 | -16.1% |
| Other amounts receivable | 41 | €4,950 | €8,159 | +€3,210 | +64.8% |
| Current investments | 50/53 | €43,821 | €43,606 | -€214 | -0.5% |
| Cash at bank and in hand | 54/58 | €227,042 | €259,204 | +€32,162 | +14.2% |
| Total equity and liabilities | 10/49 | €519,394 | €528,824 | +€9,430 | +1.8% |
| Equity | 10/15 | €441,495 | €474,325 | +€32,829 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €421,495 | €454,325 | +€32,829 | +7.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €419,495 | €452,325 | +€32,829 | +7.8% |
| Amounts payable | 17/49 | €77,899 | €54,499 | -€23,400 | -30.0% |
| Amounts payable after more than one year | 17 | €30,080 | €22,294 | -€7,786 | -25.9% |
| Financial debts | 170/4 | €30,080 | €22,294 | -€7,786 | -25.9% |
| Amounts payable within one year | 42/48 | €47,818 | €32,205 | -€15,613 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €11,954 | €7,786 | -€4,167 | -34.9% |
| Financial debts | 43 | €6,786 | €3,377 | -€3,409 | -50.2% |
| Credit institutions | 430/8 | €6,786 | €3,377 | -€3,409 | -50.2% |
| Trade debts | 44 | €22,630 | €18,722 | -€3,908 | -17.3% |
| Suppliers | 440/4 | €22,630 | €18,722 | -€3,908 | -17.3% |
| Taxes, remuneration and social security | 45 | €6,449 | €2,320 | -€4,129 | -64.0% |
| Taxes | 450/3 | €6,449 | €2,320 | -€4,129 | -64.0% |
| Remuneration, social security and pensions | 62 | €4,302 | €3,474 | -€828 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,380 | €18,008 | +€8,628 | +92.0% |
| Other operating charges | 640/8 | €1,085 | €1,119 | +€34 | +3.1% |
| Gross operating margin | 9900 | €113,653 | €66,315 | -€47,338 | -41.7% |
| Operating profit (loss) | 9901 | €98,886 | €43,715 | -€55,171 | -55.8% |
| Financial income | 75/76B | €5,796 | €3,621 | -€2,175 | -37.5% |
| Recurring financial income | 75 | €5,796 | €3,621 | -€2,175 | -37.5% |
| Financial charges | 65/66B | €2,278 | €2,097 | -€181 | -7.9% |
| Recurring financial charges | 65 | €2,278 | €2,097 | -€181 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €102,404 | €45,238 | -€57,166 | -55.8% |
| Income taxes | 67/77 | €26,247 | €12,409 | -€13,838 | -52.7% |
| Profit (loss) for the period | 9904 | €76,157 | €32,829 | -€43,328 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,157 | €32,829 | -€43,328 | -56.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.