ERTA: 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.
ERTA
Largest movements
- Receivables within one year +€23,385
up €23,385 (+198.4%), from €11,784 to €35,169
of which Trade receivables: +€23,578
- Cash -€7,820
no longer reported in 2025 (was €7,820)
mainly Receivables within one year (-€23,385) and Investment in fixed assets (net) (-€6,150)
- Tangible fixed assets +€4,466
up €4,466 (+200.6%), from €2,227 to €6,693
of which Furniture and vehicles: +€5,683
- Deferred charges and accrued income +€898
new in 2025: €898
- Profit (loss) carried forward +€10,532
up €10,532 (+362.6%), from €2,905 to €13,436
- Tax, wage and social debts +€7,864
up €7,864 (+97.7%), from €8,047 to €15,911
of which Remuneration and social security: +€4,154
- Trade debts +€2,173
up €2,173 (+41.2%), from €5,272 to €7,445
- Turnover +€68,274
up €68,274 (+56.0%), from €121,960 to €190,234
- Purchases and services +€46,182
up €46,182 (+53.5%), from €86,342 to €132,524
- Gross operating margin +€22,019
up €22,019 (+61.6%), from €35,764 to €57,783
- Staff costs +€13,408
up €13,408 (+50.4%), from €26,628 to €40,036
- Taxes +€3,077
new in 2025: €3,077
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 | €22,179 | €42,760 | +€20,582 | +92.8% |
| Fixed assets | 21/28 | €2,575 | €6,693 | +€4,118 | +159.9% |
| Intangible fixed assets | 21 | €348 | - | -€348 | |
| Tangible fixed assets | 22/27 | €2,227 | €6,693 | +€4,466 | +200.6% |
| Plant, machinery and equipment | 23 | €2,221 | €1,005 | -€1,216 | -54.8% |
| Furniture and vehicles | 24 | €5 | €5,688 | +€5,683 | +103698.0% |
| Current assets | 29/58 | €19,604 | €36,067 | +€16,463 | +84.0% |
| Amounts receivable within one year | 40/41 | €11,784 | €35,169 | +€23,385 | +198.4% |
| Trade receivables | 40 | €10,903 | €34,481 | +€23,578 | +216.3% |
| Other amounts receivable | 41 | €882 | €688 | -€194 | -22.0% |
| Cash at bank and in hand | 54/58 | €7,820 | - | -€7,820 | |
| Deferred charges and accrued income | 490/1 | - | €898 | +€898 | |
| Total equity and liabilities | 10/49 | €22,179 | €42,760 | +€20,582 | +92.8% |
| Equity | 10/15 | €7,905 | €18,436 | +€10,532 | +133.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,905 | €13,436 | +€10,532 | +362.6% |
| Amounts payable | 17/49 | €14,274 | €24,324 | +€10,050 | +70.4% |
| Amounts payable within one year | 42/48 | €14,274 | €24,324 | +€10,050 | +70.4% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €5,272 | €7,445 | +€2,173 | +41.2% |
| Suppliers | 440/4 | €5,272 | €7,445 | +€2,173 | +41.2% |
| Taxes, remuneration and social security | 45 | €8,047 | €15,911 | +€7,864 | +97.7% |
| Taxes | 450/3 | - | €3,710 | +€3,710 | |
| Remuneration and social security | 454/9 | €8,047 | €12,201 | +€4,154 | +51.6% |
| Other amounts payable | 47/48 | €955 | €955 | = | 0.0% |
| Turnover | 70 | €121,960 | €190,234 | +€68,274 | +56.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €86,342 | €132,524 | +€46,182 | +53.5% |
| Remuneration, social security and pensions | 62 | €26,628 | €40,036 | +€13,408 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,513 | €2,032 | -€482 | -19.2% |
| Other operating charges | 640/8 | €815 | €2,051 | +€1,236 | +151.7% |
| Gross operating margin | 9900 | €35,764 | €57,783 | +€22,019 | +61.6% |
| Operating profit (loss) | 9901 | €5,808 | €13,664 | +€7,856 | +135.3% |
| Financial charges | 65/66B | €46 | €56 | +€10 | +20.9% |
| Recurring financial charges | 65 | €46 | €56 | +€10 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €5,762 | €13,608 | +€7,846 | +136.2% |
| Income taxes | 67/77 | - | €3,077 | +€3,077 | |
| Profit (loss) for the period | 9904 | €5,762 | €10,532 | +€4,770 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,762 | €10,532 | +€4,770 | +82.8% |
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 12 October 2026 via checked.be.