Ersalys: what changed
What changed
Ersalys
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€38,851
2024 · €40,128-€1,277
Equity
€292,631
2024 · €303,780-€11,149
Cash
€43,154
2024 · €13,832+€29,322
Balance sheet total
€363,932
2024 · €342,406+€21,526
Largest movements
Assets
- Cash +€29,322
up €29,322 (+212%), from €13,832 to €43,154
mainly Net result for the year (+€38,851) and Other debts (+€32,064)
- Receivables within one year -€6,973
down €6,973 (-63.9%), from €10,909 to €3,936
of which Other amounts receivable: -€5,670
Equity and liabilities
- Other debts +€32,064
up €32,064 (+107%), from €30,073 to €62,137
- Profit (loss) carried forward -€11,149
down €11,149 (-4.1%), from €269,130 to €257,981
Income statement
- Gross operating margin -€1,891
down €1,891 (-3.3%), from €58,175 to €56,284
- Financial charges -€1,031
down €1,031 (-35.9%), from €2,868 to €1,837
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,128
Gross operating margin
-€1,891
Other operating charges
+€11
Financial income
+€31
Financial charges
+€1,031
Taxes
-€458
Result 2025
€38,851
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€79,322
Investment
€0
Financing
-€50,000
Cash 2024
€13,832
From operations (derived)
+€79,322
Net result for the year
+€38,851
Receivables within one year
+€6,973
Deferred charges and accrued income
+€823
Trade debts
-€45
Tax, wage and social debts
+€656
Other debts
+€32,064
Financing
-€50,000
Contributions, distributions and other
-€50,000
Cash 2025
€43,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €342,406 | €363,932 | +€21,526 | +6.3% |
| Fixed assets | 21/28 | €315,000 | €315,000 | = | 0.0% |
| Financial fixed assets | 28 | €315,000 | €315,000 | = | 0.0% |
| Current assets | 29/58 | €27,406 | €48,932 | +€21,526 | +78.5% |
| Amounts receivable within one year | 40/41 | €10,909 | €3,936 | -€6,973 | -63.9% |
| Trade receivables | 40 | €4,832 | €3,528 | -€1,303 | -27.0% |
| Other amounts receivable | 41 | €6,077 | €408 | -€5,670 | -93.3% |
| Cash at bank and in hand | 54/58 | €13,832 | €43,154 | +€29,322 | +212% |
| Deferred charges and accrued income | 490/1 | €2,665 | €1,842 | -€823 | -30.9% |
| Total equity and liabilities | 10/49 | €342,406 | €363,932 | +€21,526 | +6.3% |
| Equity | 10/15 | €303,780 | €292,631 | -€11,149 | -3.7% |
| Contributions | 10/11 | €31,500 | €31,500 | = | 0.0% |
| Reserves | 13 | €3,150 | €3,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,150 | €0 | -€3,150 | -100% |
| Reserves not available under the articles | 1311 | €3,150 | €0 | -€3,150 | -100% |
| Distributable reserves | 133 | - | €3,150 | +€3,150 | |
| Profit (loss) carried forward | 14 | €269,130 | €257,981 | -€11,149 | -4.1% |
| Amounts payable | 17/49 | €38,626 | €71,301 | +€32,675 | +84.6% |
| Amounts payable within one year | 42/48 | €38,626 | €71,301 | +€32,675 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €927 | €882 | -€45 | -4.9% |
| Suppliers | 440/4 | €927 | €882 | -€45 | -4.9% |
| Taxes, remuneration and social security | 45 | €7,625 | €8,282 | +€656 | +8.6% |
| Taxes | 450/3 | €7,625 | €8,282 | +€656 | +8.6% |
| Other amounts payable | 47/48 | €30,073 | €62,137 | +€32,064 | +107% |
| Other operating charges | 640/8 | €1,038 | €1,027 | -€11 | -1.0% |
| Gross operating margin | 9900 | €58,175 | €56,284 | -€1,891 | -3.3% |
| Operating profit (loss) | 9901 | €57,137 | €55,257 | -€1,880 | -3.3% |
| Financial income | 75/76B | €3 | €33 | +€31 | +1,130% |
| Recurring financial income | 75 | €3 | €33 | +€31 | +1,130% |
| Financial charges | 65/66B | €2,868 | €1,837 | -€1,031 | -35.9% |
| Recurring financial charges | 65 | €2,868 | €1,837 | -€1,031 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €54,272 | €53,453 | -€819 | -1.5% |
| Income taxes | 67/77 | €14,144 | €14,602 | +€458 | +3.2% |
| Profit (loss) for the period | 9904 | €40,128 | €38,851 | -€1,277 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,128 | €38,851 | -€1,277 | -3.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.