Erst & Co: 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.
Erst & Co
Largest movements
- Receivables within one year +€34,955
up €34,955 (+32.1%), from €109,061 to €144,016
of which Other amounts receivable: +€33,412
- Cash +€4,910
up €4,910 (+16.8%), from €29,206 to €34,117
mainly Other debts (+€150,000) and Net result for the year (+€48,391)
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€97,886
down €97,886 (-83.3%), from €117,500 to €19,614
- Tax, wage and social debts -€7,053
down €7,053 (-41.1%), from €17,166 to €10,113
- Profit (loss) carried forward -€3,723
down €3,723 (-100.0%), from €3,723 to €0
- Gross operating margin +€11,155
up €11,155 (+21.6%), from €51,701 to €62,857
- Financial income +€5,243
up €5,243 (+781.2%), from €671 to €5,914
- Depreciation +€3,942
up €3,942 (+195.4%), from €2,017 to €5,958
- Taxes +€2,303
up €2,303 (+21.1%), from €10,901 to €13,204
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 | €143,300 | €184,117 | +€40,817 | +28.5% |
| Fixed assets | 21/28 | €4,631 | €5,984 | +€1,354 | +29.2% |
| Intangible fixed assets | 21 | - | €1,243 | +€1,243 | |
| Tangible fixed assets | 22/27 | €4,631 | €4,742 | +€111 | +2.4% |
| Furniture and vehicles | 24 | €4,631 | €4,742 | +€111 | +2.4% |
| Current assets | 29/58 | €138,670 | €178,133 | +€39,463 | +28.5% |
| Amounts receivable within one year | 40/41 | €109,061 | €144,016 | +€34,955 | +32.1% |
| Trade receivables | 40 | €12,251 | €13,794 | +€1,543 | +12.6% |
| Other amounts receivable | 41 | €96,810 | €130,222 | +€33,412 | +34.5% |
| Cash at bank and in hand | 54/58 | €29,206 | €34,117 | +€4,910 | +16.8% |
| Deferred charges and accrued income | 490/1 | €402 | €0 | -€402 | -100.0% |
| Total equity and liabilities | 10/49 | €143,300 | €184,117 | +€40,817 | +28.5% |
| Equity | 10/15 | €124,223 | €22,614 | -€101,609 | -81.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €117,500 | €19,614 | -€97,886 | -83.3% |
| Distributable reserves | 133 | €117,500 | €19,614 | -€97,886 | -83.3% |
| Profit (loss) carried forward | 14 | €3,723 | €0 | -€3,723 | -100.0% |
| Amounts payable | 17/49 | €19,077 | €161,503 | +€142,426 | +746.6% |
| Amounts payable within one year | 42/48 | €19,077 | €161,503 | +€142,426 | +746.6% |
| Trade debts | 44 | €1,911 | €1,390 | -€521 | -27.3% |
| Suppliers | 440/4 | €1,911 | €1,390 | -€521 | -27.3% |
| Taxes, remuneration and social security | 45 | €17,166 | €10,113 | -€7,053 | -41.1% |
| Taxes | 450/3 | €17,166 | €10,113 | -€7,053 | -41.1% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,017 | €5,958 | +€3,942 | +195.4% |
| Other operating charges | 640/8 | €802 | €1,055 | +€253 | +31.5% |
| Gross operating margin | 9900 | €51,701 | €62,857 | +€11,155 | +21.6% |
| Operating profit (loss) | 9901 | €48,882 | €55,843 | +€6,961 | +14.2% |
| Financial income | 75/76B | €671 | €5,914 | +€5,243 | +781.2% |
| Recurring financial income | 75 | €671 | €5,914 | +€5,243 | +781.2% |
| Financial charges | 65/66B | €284 | €162 | -€122 | -42.8% |
| Recurring financial charges | 65 | €284 | €162 | -€122 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €49,270 | €61,595 | +€12,325 | +25.0% |
| Income taxes | 67/77 | €10,901 | €13,204 | +€2,303 | +21.1% |
| Profit (loss) for the period | 9904 | €38,369 | €48,391 | +€10,022 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,369 | €48,391 | +€10,022 | +26.1% |
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 8 October 2026 via checked.be.