ERUS: 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.
ERUS
Largest movements
- Tangible fixed assets +€126,180
up €126,180 (+314.5%), from €40,121 to €166,301
of which Land and buildings: +€132,063
- Cash -€113,979
down €113,979 (-85.5%), from €133,321 to €19,342
mainly Investment in fixed assets (net) (-€133,904) and Tax, wage and social debts (-€754)
- Profit (loss) carried forward +€9,035
up €9,035 (+6.6%), from -€136,684 to -€127,649
- Trade debts +€2,088
up €2,088 (+198.3%), from €1,053 to €3,141
- Depreciation +€3,477
up €3,477 (+81.9%), from €4,247 to €7,724
- Taxes -€1,631
down €1,631 (-30.3%), from €5,384 to €3,754
- Gross operating margin +€532
up €532 (+2.0%), from €26,141 to €26,673
- Financial income +€431
up €431 (+216.1%), from €200 to €631
- Other operating charges +€305
up €305 (+5.8%), from €5,292 to €5,597
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 | €176,647 | €188,119 | +€11,472 | +6.5% |
| Fixed assets | 21/28 | €40,183 | €166,363 | +€126,180 | +314.0% |
| Tangible fixed assets | 22/27 | €40,121 | €166,301 | +€126,180 | +314.5% |
| Land and buildings | 22 | €33,803 | €165,866 | +€132,063 | +390.7% |
| Plant, machinery and equipment | 23 | €840 | €435 | -€406 | -48.3% |
| Furniture and vehicles | 24 | €5,478 | - | -€5,478 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €136,464 | €21,756 | -€114,708 | -84.1% |
| Cash at bank and in hand | 54/58 | €133,321 | €19,342 | -€113,979 | -85.5% |
| Deferred charges and accrued income | 490/1 | €3,142 | €2,414 | -€728 | -23.2% |
| Total equity and liabilities | 10/49 | €176,647 | €188,119 | +€11,472 | +6.5% |
| Equity | 10/15 | €171,342 | €180,377 | +€9,035 | +5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €246,026 | €246,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €431 | €431 | = | 0.0% |
| Distributable reserves | 133 | €242,496 | €242,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,684 | -€127,649 | +€9,035 | +6.6% |
| Amounts payable | 17/49 | €5,305 | €7,742 | +€2,437 | +45.9% |
| Amounts payable within one year | 42/48 | €4,915 | €7,354 | +€2,439 | +49.6% |
| Trade debts | 44 | €1,053 | €3,141 | +€2,088 | +198.3% |
| Suppliers | 440/4 | €1,053 | €3,141 | +€2,088 | +198.3% |
| Taxes, remuneration and social security | 45 | €2,325 | €1,570 | -€754 | -32.4% |
| Taxes | 450/3 | €2,325 | €1,570 | -€754 | -32.4% |
| Other amounts payable | 47/48 | €1,538 | €2,643 | +€1,105 | +71.9% |
| Accrued charges and deferred income | 492/3 | €389 | €387 | -€2 | -0.5% |
| Non-recurring operating income | 76A | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,247 | €7,724 | +€3,477 | +81.9% |
| Other operating charges | 640/8 | €5,292 | €5,597 | +€305 | +5.8% |
| Non-recurring operating charges | 66A | - | €1,043 | +€1,043 | |
| Gross operating margin | 9900 | €26,141 | €26,673 | +€532 | +2.0% |
| Operating profit (loss) | 9901 | €16,601 | €12,308 | -€4,293 | -25.9% |
| Financial income | 75/76B | €200 | €631 | +€431 | +216.1% |
| Recurring financial income | 75 | €200 | €631 | +€431 | +216.1% |
| Financial charges | 65/66B | €128 | €150 | +€22 | +17.6% |
| Recurring financial charges | 65 | €128 | €150 | +€22 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €16,673 | €12,789 | -€3,885 | -23.3% |
| Income taxes | 67/77 | €5,384 | €3,754 | -€1,631 | -30.3% |
| Profit (loss) for the period | 9904 | €11,289 | €9,035 | -€2,254 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,289 | €9,035 | -€2,254 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.