ERSOR TECHNIQUE: 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.
ERSOR TECHNIQUE
Largest movements
- Cash -€136,466
down €136,466 (-24.9%), from €547,729 to €411,263
mainly Other debts (-€172,683) and Trade debts (-€68,518)
- Tangible fixed assets -€56,658
down €56,658 (-29.5%), from €192,250 to €135,592
of which Furniture and vehicles: -€31,129
- Receivables within one year -€52,965
down €52,965 (-9.0%), from €587,525 to €534,559
of which Trade receivables: -€48,078
- Other debts -€172,683
down €172,683 (-73.8%), from €234,007 to €61,323
- Trade debts -€68,518
down €68,518 (-17.5%), from €392,254 to €323,735
- Debts after one year -€19,980
down €19,980 (-5.1%), from €388,041 to €368,061
of which Financial debts: -€19,955
- Gross operating margin -€314,348
down €314,348 (-78.7%), from €399,465 to €85,117
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.
Cash bridge derived
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 | €1,331,367 | €1,087,638 | -€243,729 | -18.3% |
| Fixed assets | 21/28 | €192,250 | €135,592 | -€56,658 | -29.5% |
| Tangible fixed assets | 22/27 | €192,250 | €135,592 | -€56,658 | -29.5% |
| Plant, machinery and equipment | 23 | €97,965 | €72,436 | -€25,529 | -26.1% |
| Furniture and vehicles | 24 | €94,285 | €63,156 | -€31,129 | -33.0% |
| Current assets | 29/58 | €1,139,118 | €952,046 | -€187,071 | -16.4% |
| Amounts receivable within one year | 40/41 | €587,525 | €534,559 | -€52,965 | -9.0% |
| Trade receivables | 40 | €523,744 | €475,666 | -€48,078 | -9.2% |
| Other amounts receivable | 41 | €63,781 | €58,893 | -€4,888 | -7.7% |
| Cash at bank and in hand | 54/58 | €547,729 | €411,263 | -€136,466 | -24.9% |
| Deferred charges and accrued income | 490/1 | €3,864 | €6,223 | +€2,359 | +61.1% |
| Total equity and liabilities | 10/49 | €1,331,367 | €1,087,638 | -€243,729 | -18.3% |
| Equity | 10/15 | €297,258 | €309,219 | +€11,961 | +4.0% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,798 | €138,759 | +€11,961 | +9.4% |
| Amounts payable | 17/49 | €1,034,109 | €778,419 | -€255,690 | -24.7% |
| Amounts payable after more than one year | 17 | €388,041 | €368,061 | -€19,980 | -5.1% |
| Financial debts | 170/4 | €62,822 | €42,867 | -€19,955 | -31.8% |
| Other amounts payable | 178/9 | €325,219 | €325,194 | -€25 | 0.0% |
| Amounts payable within one year | 42/48 | €646,068 | €410,358 | -€235,710 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €18,961 | €19,955 | +€995 | +5.2% |
| Trade debts | 44 | €392,254 | €323,735 | -€68,518 | -17.5% |
| Suppliers | 440/4 | €392,254 | €323,735 | -€68,518 | -17.5% |
| Taxes, remuneration and social security | 45 | €847 | €5,344 | +€4,497 | +531.0% |
| Taxes | 450/3 | €847 | €5,344 | +€4,497 | +531.0% |
| Other amounts payable | 47/48 | €234,007 | €61,323 | -€172,683 | -73.8% |
| Remuneration, social security and pensions | 62 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,797 | €58,548 | +€3,751 | +6.8% |
| Other operating charges | 640/8 | €5,614 | €8,766 | +€3,152 | +56.1% |
| Non-recurring operating charges | 66A | €1,218 | €0 | -€1,218 | -100.0% |
| Gross operating margin | 9900 | €399,465 | €85,117 | -€314,348 | -78.7% |
| Operating profit (loss) | 9901 | €337,836 | €17,787 | -€320,049 | -94.7% |
| Financial income | 75/76B | €32 | €54 | +€22 | +70.5% |
| Recurring financial income | 75 | €32 | €54 | +€22 | +70.5% |
| Financial charges | 65/66B | €5,457 | €3,975 | -€1,482 | -27.2% |
| Recurring financial charges | 65 | €5,457 | €3,975 | -€1,482 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €332,411 | €13,866 | -€318,545 | -95.8% |
| Income taxes | 67/77 | - | €1,906 | +€1,906 | |
| Profit (loss) for the period | 9904 | €332,411 | €11,961 | -€320,450 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €332,411 | €11,961 | -€320,450 | -96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.