ERTON: 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.
ERTON
Largest movements
- Receivables within one year -€38,167
down €38,167 (-54.8%), from €69,637 to €31,470
of which Other amounts receivable: -€38,167
- Tangible fixed assets -€29,499
down €29,499 (-3.9%), from €755,241 to €725,742
of which Land and buildings: -€24,163
- Stocks and contracts -€22,275
no longer reported in 2024 (was €22,275)
- Profit (loss) carried forward -€103,344
down €103,344 (-69.5%), from -€148,702 to -€252,046
- Tax, wage and social debts +€27,837
new in 2024: €27,837
- Contributions -€24,725
down €24,725 (-54.0%), from €45,796 to €21,071
- Debts after one year +€20,805
up €20,805 (+5.6%), from €374,240 to €395,045
of which Trade debts: +€195,730
- Trade debts -€18,457
down €18,457 (-23.8%), from €77,549 to €59,093
- Other operating charges -€18,151
down €18,151 (-66.4%), from €27,328 to €9,176
- Gross operating margin -€17,783
down €17,783 (-429.8%), from -€4,137 to -€21,920
- Write-downs +€16,928
new in 2024: €16,928
- Taxes -€14,465
new in 2024: -€14,465
- Depreciation -€13,056
down €13,056 (-50.9%), from €25,626 to €12,571
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €848,031 | €757,683 | -€90,348 | -10.7% |
| Fixed assets | 21/28 | €755,241 | €725,742 | -€29,499 | -3.9% |
| Tangible fixed assets | 22/27 | €755,241 | €725,742 | -€29,499 | -3.9% |
| Land and buildings | 22 | €716,488 | €692,325 | -€24,163 | -3.4% |
| Plant, machinery and equipment | 23 | €24,633 | €19,932 | -€4,701 | -19.1% |
| Furniture and vehicles | 24 | €14,121 | €13,486 | -€635 | -4.5% |
| Current assets | 29/58 | €92,790 | €31,941 | -€60,849 | -65.6% |
| Stocks and contracts in progress | 3 | €22,275 | - | -€22,275 | |
| Stocks | 30/36 | €22,275 | - | -€22,275 | |
| Amounts receivable within one year | 40/41 | €69,637 | €31,470 | -€38,167 | -54.8% |
| Trade receivables | 40 | €3,806 | €3,806 | = | 0.0% |
| Other amounts receivable | 41 | €65,831 | €27,664 | -€38,167 | -58.0% |
| Cash at bank and in hand | 54/58 | €879 | €96 | -€782 | -89.0% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €848,031 | €757,683 | -€90,348 | -10.7% |
| Equity | 10/15 | €364,333 | €236,264 | -€128,069 | -35.2% |
| Contributions | 10/11 | €45,796 | €21,071 | -€24,725 | -54.0% |
| Revaluation surpluses | 12 | €410,639 | €410,639 | = | 0.0% |
| Reserves | 13 | €56,600 | €56,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Distributable reserves | 133 | €54,493 | €54,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,702 | -€252,046 | -€103,344 | -69.5% |
| Amounts payable | 17/49 | €483,698 | €521,420 | +€37,721 | +7.8% |
| Amounts payable after more than one year | 17 | €374,240 | €395,045 | +€20,805 | +5.6% |
| Financial debts | 170/4 | €374,240 | €199,315 | -€174,925 | -46.7% |
| Trade debts | 175 | - | €195,730 | +€195,730 | |
| Amounts payable within one year | 42/48 | €109,458 | €126,375 | +€16,917 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1 | +€1 | |
| Trade debts | 44 | €77,549 | €59,093 | -€18,457 | -23.8% |
| Suppliers | 440/4 | €77,549 | €59,093 | -€18,457 | -23.8% |
| Advances received on contracts in progress | 46 | - | €1,150 | +€1,150 | |
| Taxes, remuneration and social security | 45 | - | €27,837 | +€27,837 | |
| Taxes | 450/3 | - | €27,837 | +€27,837 | |
| Other amounts payable | 47/48 | €31,909 | €38,295 | +€6,385 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,626 | €12,571 | -€13,056 | -50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,928 | +€16,928 | |
| Other operating charges | 640/8 | €27,328 | €9,176 | -€18,151 | -66.4% |
| Non-recurring operating charges | 66A | - | €47,720 | +€47,720 | |
| Gross operating margin | 9900 | -€4,137 | -€21,920 | -€17,783 | -429.8% |
| Operating profit (loss) | 9901 | -€57,091 | -€108,315 | -€51,224 | -89.7% |
| Financial charges | 65/66B | €14,688 | €9,494 | -€5,195 | -35.4% |
| Recurring financial charges | 65 | €14,688 | €9,494 | -€5,195 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€71,779 | -€117,809 | -€46,030 | -64.1% |
| Income taxes | 67/77 | - | -€14,465 | -€14,465 | |
| Profit (loss) for the period | 9904 | -€71,779 | -€103,344 | -€31,565 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,779 | -€103,344 | -€31,565 | -44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.