Ersteen: 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.
Ersteen
Largest movements
- Receivables within one year +€13,938
up €13,938 (+4,856%), from €287 to €14,225
of which Trade receivables: +€8,470
- Cash -€8,987
down €8,987 (-99.5%), from €9,033 to €46
mainly Receivables within one year (-€13,938) and Trade debts (-€363)
- Deferred charges and accrued income -€1,534
down €1,534 (-82.6%), from €1,857 to €323
- Tax, wage and social debts +€2,912
up €2,912 (+46.3%), from €6,285 to €9,197
- Reserves +€868
up €868 (+32.7%), from €2,651 to €3,520
- Trade debts -€363
down €363 (-16.2%), from €2,239 to €1,877
- Gross operating margin -€1,734
down €1,734 (-28.3%), from €6,134 to €4,401
- Other operating charges +€371
up €371 (+78.2%), from €474 to €845
- Taxes -€270
down €270 (-9.9%), from €2,731 to €2,461
- Financial charges -€180
down €180 (-42.3%), from €425 to €245
- Financial income -€129
down €129 (-87.5%), from €148 to €18
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 | €11,176 | €14,594 | +€3,418 | +30.6% |
| Current assets | 29/58 | €11,176 | €14,594 | +€3,418 | +30.6% |
| Amounts receivable within one year | 40/41 | €287 | €14,225 | +€13,938 | +4,856% |
| Trade receivables | 40 | - | €8,470 | +€8,470 | |
| Other amounts receivable | 41 | €287 | €5,755 | +€5,468 | +1,905% |
| Cash at bank and in hand | 54/58 | €9,033 | €46 | -€8,987 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,857 | €323 | -€1,534 | -82.6% |
| Total equity and liabilities | 10/49 | €11,176 | €14,594 | +€3,418 | +30.6% |
| Equity | 10/15 | €2,652 | €3,521 | +€868 | +32.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €2,651 | €3,520 | +€868 | +32.7% |
| Distributable reserves | 133 | €2,651 | €3,520 | +€868 | +32.7% |
| Amounts payable | 17/49 | €8,524 | €11,074 | +€2,550 | +29.9% |
| Amounts payable within one year | 42/48 | €8,524 | €11,074 | +€2,550 | +29.9% |
| Trade debts | 44 | €2,239 | €1,877 | -€363 | -16.2% |
| Suppliers | 440/4 | €2,239 | €1,877 | -€363 | -16.2% |
| Taxes, remuneration and social security | 45 | €6,285 | €9,197 | +€2,912 | +46.3% |
| Taxes | 450/3 | €6,285 | €9,197 | +€2,912 | +46.3% |
| Other operating charges | 640/8 | €474 | €845 | +€371 | +78.2% |
| Gross operating margin | 9900 | €6,134 | €4,401 | -€1,734 | -28.3% |
| Operating profit (loss) | 9901 | €5,660 | €3,556 | -€2,105 | -37.2% |
| Financial income | 75/76B | €148 | €18 | -€129 | -87.5% |
| Recurring financial income | 75 | €148 | €18 | -€129 | -87.5% |
| Financial charges | 65/66B | €425 | €245 | -€180 | -42.3% |
| Recurring financial charges | 65 | €425 | €245 | -€180 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €5,382 | €3,329 | -€2,053 | -38.2% |
| Income taxes | 67/77 | €2,731 | €2,461 | -€270 | -9.9% |
| Profit (loss) for the period | 9904 | €2,651 | €868 | -€1,783 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,651 | €868 | -€1,783 | -67.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.