ERVA & C°: 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.
ERVA & C°
Largest movements
- Cash -€719,739
down €719,739 (-39.5%), from €1.8m to €1.1m
mainly Contributions, distributions and other (-€1.4m)
- Receivables within one year -€204,341
down €204,341 (-22.3%), from €914,948 to €710,607
of which Other amounts receivable: -€204,341
- Reserves -€972,789
down €972,789 (-12.8%), from €7.6m to €6.6m
of which Distributable reserves: -€972,789
- Financial income -€270,361
down €270,361 (-37.0%), from €730,057 to €459,696
- Services and other goods -€6,454
down €6,454 (-63.8%), from €10,120 to €3,666
- Taxes +€5,289
new in 2025: €5,289
- Other operating income +€4,132
up €4,132, from €0 to €4,132
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 | €8,268,254 | €7,341,170 | -€927,084 | -11.2% |
| Fixed assets | 21/28 | €5,496,453 | €5,496,453 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,496,453 | €5,496,453 | = | 0.0% |
| Affiliated companies | 280/1 | €5,496,453 | €5,496,453 | = | 0.0% |
| Participating interests | 280 | €5,496,453 | €5,496,453 | = | 0.0% |
| Current assets | 29/58 | €2,771,801 | €1,844,717 | -€927,084 | -33.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €914,948 | €710,607 | -€204,341 | -22.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €914,948 | €710,607 | -€204,341 | -22.3% |
| Cash at bank and in hand | 54/58 | €1,823,244 | €1,103,504 | -€719,739 | -39.5% |
| Deferred charges and accrued income | 490/1 | €33,609 | €30,607 | -€3,003 | -8.9% |
| Total equity and liabilities | 10/49 | €8,268,254 | €7,341,170 | -€927,084 | -11.2% |
| Equity | 10/15 | €8,265,789 | €7,293,000 | -€972,789 | -11.8% |
| Contributions | 10/11 | €694,102 | €694,102 | = | 0.0% |
| Reserves | 13 | €7,571,687 | €6,598,898 | -€972,789 | -12.8% |
| Non-distributable reserves | 130/1 | €104,060 | €104,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €104,060 | €104,060 | = | 0.0% |
| Distributable reserves | 133 | €7,467,627 | €6,494,838 | -€972,789 | -13.0% |
| Amounts payable | 17/49 | €2,465 | €48,170 | +€45,705 | +1,854% |
| Amounts payable within one year | 42/48 | €0 | €48,170 | +€48,170 | |
| Trade debts | 44 | €0 | €1,393 | +€1,393 | |
| Suppliers | 440/4 | €0 | €1,393 | +€1,393 | |
| Taxes, remuneration and social security | 45 | €0 | €1,619 | +€1,619 | |
| Taxes | 450/3 | €0 | €1,619 | +€1,619 | |
| Other amounts payable | 47/48 | €0 | €45,159 | +€45,159 | |
| Accrued charges and deferred income | 492/3 | €2,465 | €0 | -€2,465 | -100% |
| Operating income | 70/76A | €18,000 | €22,132 | +€4,132 | +23.0% |
| Turnover | 70 | €18,000 | €18,000 | = | 0.0% |
| Other operating income | 74 | €0 | €4,132 | +€4,132 | |
| Operating charges | 60/66A | €11,403 | €4,974 | -€6,429 | -56.4% |
| Services and other goods | 61 | €10,120 | €3,666 | -€6,454 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €0 | -€107 | -100% |
| Other operating charges | 640/8 | €1,176 | €1,308 | +€133 | +11.3% |
| Operating profit (loss) | 9901 | €6,597 | €17,158 | +€10,561 | +160% |
| Financial income | 75/76B | €730,057 | €459,696 | -€270,361 | -37.0% |
| Recurring financial income | 75 | €730,057 | €459,696 | -€270,361 | -37.0% |
| Income from financial fixed assets | 750 | €688,176 | €424,800 | -€263,376 | -38.3% |
| Income from current assets | 751 | €41,881 | €34,896 | -€6,985 | -16.7% |
| Financial charges | 65/66B | €283 | €354 | +€71 | +25.2% |
| Recurring financial charges | 65 | €283 | €354 | +€71 | +25.2% |
| Other financial charges | 652/9 | €283 | €354 | +€71 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €736,372 | €476,500 | -€259,872 | -35.3% |
| Income taxes | 67/77 | - | €5,289 | +€5,289 | |
| Taxes | 670/3 | - | €5,289 | +€5,289 | |
| Profit (loss) for the period | 9904 | €736,372 | €471,211 | -€265,160 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €736,372 | €471,211 | -€265,160 | -36.0% |
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 23 October 2026 via checked.be.