Erus-Net: 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.
Erus-Net
Largest movements
- Stocks and contracts +€60,000
new in 2025: €60,000
- Receivables within one year +€38,975
up €38,975 (+44.8%), from €87,068 to €126,042
of which Trade receivables: +€39,229
- Reserves +€56,388
up €56,388 (+90.3%), from €62,467 to €118,856
- Tax, wage and social debts +€36,919
up €36,919 (+236%), from €15,617 to €52,536
- Trade debts +€3,037
up €3,037 (+1,215%), from €250 to €3,287
- Gross operating margin -€3,404
down €3,404 (-4.3%), from €79,216 to €75,812
- Taxes +€3,179
up €3,179 (+20.4%), from €15,617 to €18,796
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 | €178,637 | €274,980 | +€96,344 | +53.9% |
| Formation expenses | 20 | €509 | €0 | -€509 | -100% |
| Current assets | 29/58 | €178,128 | €274,980 | +€96,853 | +54.4% |
| Stocks and contracts in progress | 3 | - | €60,000 | +€60,000 | |
| Contracts in progress | 37 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €87,068 | €126,042 | +€38,975 | +44.8% |
| Trade receivables | 40 | €86,803 | €126,032 | +€39,229 | +45.2% |
| Other amounts receivable | 41 | €264 | €10 | -€254 | -96.2% |
| Cash at bank and in hand | 54/58 | €91,060 | €88,938 | -€2,122 | -2.3% |
| Total equity and liabilities | 10/49 | €178,637 | €274,980 | +€96,344 | +53.9% |
| Equity | 10/15 | €162,467 | €218,856 | +€56,388 | +34.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €62,467 | €118,856 | +€56,388 | +90.3% |
| Distributable reserves | 133 | €62,467 | €118,856 | +€56,388 | +90.3% |
| Amounts payable | 17/49 | €16,169 | €56,125 | +€39,955 | +247% |
| Amounts payable within one year | 42/48 | €16,169 | €56,125 | +€39,955 | +247% |
| Trade debts | 44 | €250 | €3,287 | +€3,037 | +1,215% |
| Suppliers | 440/4 | €250 | €3,287 | +€3,037 | +1,215% |
| Taxes, remuneration and social security | 45 | €15,617 | €52,536 | +€36,919 | +236% |
| Taxes | 450/3 | €15,617 | €52,536 | +€36,919 | +236% |
| Other amounts payable | 47/48 | €303 | €303 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,107 | €509 | -€598 | -54.0% |
| Gross operating margin | 9900 | €79,216 | €75,812 | -€3,404 | -4.3% |
| Operating profit (loss) | 9901 | €78,110 | €75,303 | -€2,806 | -3.6% |
| Financial charges | 65/66B | €26 | €119 | +€93 | +365% |
| Recurring financial charges | 65 | €26 | €119 | +€93 | +365% |
| Profit (loss) for the period before taxes | 9903 | €78,084 | €75,184 | -€2,900 | -3.7% |
| Income taxes | 67/77 | €15,617 | €18,796 | +€3,179 | +20.4% |
| Profit (loss) for the period | 9904 | €62,467 | €56,388 | -€6,079 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,467 | €56,388 | -€6,079 | -9.7% |
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 15 October 2026 via checked.be.