ERVA: 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.
ERVA
Largest movements
- Receivables within one year +€39,050
up €39,050 (+27.4%), from €142,376 to €181,426
of which Trade receivables: +€59,271
- Cash -€17,844
down €17,844 (-48.5%), from €36,779 to €18,934
mainly Receivables within one year (-€39,050) and Accrued charges and deferred income (-€15,000)
- Tax, wage and social debts +€33,148
up €33,148 (+397.5%), from €8,340 to €41,488
of which Remuneration and social security: +€32,084
- Accrued charges and deferred income -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward +€2,843
up €2,843 (+2.9%), from €99,114 to €101,957
- Staff costs +€114,835
up €114,835 (+70.9%), from €161,958 to €276,793
- Gross operating margin +€73,421
up €73,421 (+35.7%), from €205,622 to €279,043
- Taxes -€26,870
down €26,870, from €22,024 to -€4,845
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 | €179,959 | €201,975 | +€22,016 | +12.2% |
| Fixed assets | 21/28 | €804 | €1,615 | +€811 | +100.8% |
| Tangible fixed assets | 22/27 | €804 | €1,615 | +€811 | +100.8% |
| Plant, machinery and equipment | 23 | €0 | €1,252 | +€1,252 | |
| Furniture and vehicles | 24 | €804 | €363 | -€441 | -54.8% |
| Current assets | 29/58 | €179,155 | €200,360 | +€21,206 | +11.8% |
| Amounts receivable within one year | 40/41 | €142,376 | €181,426 | +€39,050 | +27.4% |
| Trade receivables | 40 | €116,705 | €175,976 | +€59,271 | +50.8% |
| Other amounts receivable | 41 | €25,671 | €5,450 | -€20,221 | -78.8% |
| Cash at bank and in hand | 54/58 | €36,779 | €18,934 | -€17,844 | -48.5% |
| Total equity and liabilities | 10/49 | €179,959 | €201,975 | +€22,016 | +12.2% |
| Equity | 10/15 | €107,114 | €109,957 | +€2,843 | +2.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,114 | €101,957 | +€2,843 | +2.9% |
| Amounts payable | 17/49 | €72,845 | €92,018 | +€19,174 | +26.3% |
| Amounts payable within one year | 42/48 | €57,845 | €92,018 | +€34,174 | +59.1% |
| Trade debts | 44 | €43,519 | €43,857 | +€338 | +0.8% |
| Suppliers | 440/4 | €43,519 | €43,857 | +€338 | +0.8% |
| Taxes, remuneration and social security | 45 | €8,340 | €41,488 | +€33,148 | +397.5% |
| Taxes | 450/3 | - | €1,064 | +€1,064 | |
| Remuneration and social security | 454/9 | €8,340 | €40,424 | +€32,084 | +384.7% |
| Other amounts payable | 47/48 | €5,986 | €6,673 | +€687 | +11.5% |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €161,958 | €276,793 | +€114,835 | +70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €789 | +€140 | +21.5% |
| Other operating charges | 640/8 | €2,286 | €2,610 | +€324 | +14.2% |
| Gross operating margin | 9900 | €205,622 | €279,043 | +€73,421 | +35.7% |
| Operating profit (loss) | 9901 | €40,729 | -€1,149 | -€41,878 | |
| Financial income | 75/76B | €625 | - | -€625 | |
| Recurring financial income | 75 | €625 | - | -€625 | |
| Financial charges | 65/66B | €578 | €853 | +€275 | +47.5% |
| Recurring financial charges | 65 | €578 | €853 | +€275 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €40,776 | -€2,002 | -€42,778 | |
| Income taxes | 67/77 | €22,024 | -€4,845 | -€26,870 | |
| Profit (loss) for the period | 9904 | €18,751 | €2,843 | -€15,908 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,751 | €2,843 | -€15,908 | -84.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.