ERU: 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.
ERU
Largest movements
- Receivables within one year +€37,433
up €37,433 (+7128.1%), from €525 to €37,958
of which Trade receivables: +€37,958
- Cash +€19,326
up €19,326 (+39184.4%), from €49 to €19,375
mainly Net result for the year (+€30,165) and Tax, wage and social debts (+€19,234)
- Tangible fixed assets +€3,111
new in 2025: €3,111
- Reserves +€26,859
new in 2025: €26,859
- Tax, wage and social debts +€19,234
new in 2025: €19,234
- Other debts +€11,293
new in 2025: €11,293
- Profit (loss) carried forward +€3,306
up €3,306, from -€3,306 to €0
- Trade debts -€823
down €823 (-93.5%), from €880 to €58
- Gross operating margin +€41,505
up €41,505, from -€3,147 to €38,358
- Taxes +€7,112
new in 2025: €7,112
- Financial charges +€764
up €764 (+26078.2%), from €3 to €767
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 | €574 | €60,444 | +€59,870 | +10421.9% |
| Fixed assets | 21/28 | - | €3,111 | +€3,111 | |
| Tangible fixed assets | 22/27 | - | €3,111 | +€3,111 | |
| Plant, machinery and equipment | 23 | - | €3,111 | +€3,111 | |
| Current assets | 29/58 | €574 | €57,333 | +€56,758 | +9880.3% |
| Amounts receivable within one year | 40/41 | €525 | €37,958 | +€37,433 | +7128.1% |
| Trade receivables | 40 | - | €37,958 | +€37,958 | |
| Other amounts receivable | 41 | €525 | €0 | -€525 | -100.0% |
| Cash at bank and in hand | 54/58 | €49 | €19,375 | +€19,326 | +39184.4% |
| Total equity and liabilities | 10/49 | €574 | €60,444 | +€59,870 | +10421.9% |
| Equity | 10/15 | -€306 | €29,859 | +€30,165 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €26,859 | +€26,859 | |
| Distributable reserves | 133 | - | €26,859 | +€26,859 | |
| Profit (loss) carried forward | 14 | -€3,306 | €0 | +€3,306 | |
| Amounts payable | 17/49 | €880 | €30,585 | +€29,705 | +3374.2% |
| Amounts payable within one year | 42/48 | €880 | €30,585 | +€29,705 | +3374.2% |
| Trade debts | 44 | €880 | €58 | -€823 | -93.5% |
| Suppliers | 440/4 | €880 | €58 | -€823 | -93.5% |
| Taxes, remuneration and social security | 45 | - | €19,234 | +€19,234 | |
| Taxes | 450/3 | - | €19,234 | +€19,234 | |
| Other amounts payable | 47/48 | - | €11,293 | +€11,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €189 | +€189 | |
| Other operating charges | 640/8 | €156 | €128 | -€28 | -17.9% |
| Gross operating margin | 9900 | -€3,147 | €38,358 | +€41,505 | |
| Operating profit (loss) | 9901 | -€3,303 | €38,041 | +€41,344 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3 | €767 | +€764 | +26078.2% |
| Recurring financial charges | 65 | €3 | €767 | +€764 | +26078.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,306 | €37,276 | +€40,582 | |
| Income taxes | 67/77 | - | €7,112 | +€7,112 | |
| Profit (loss) for the period | 9904 | -€3,306 | €30,165 | +€33,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,306 | €30,165 | +€33,471 |
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 9 October 2026 via checked.be.