ERVACON: 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.
ERVACON
Largest movements
- Cash +€38,466
up €38,466 (+60.7%), from €63,333 to €101,799
mainly Net result for the year (+€53,591) and Depreciation (+€7,922)
- Tangible fixed assets +€7,363
up €7,363 (+4.3%), from €170,081 to €177,445
of which Plant, machinery and equipment: +€25,070
- Reserves +€53,591
up €53,591 (+22.2%), from €240,880 to €294,471
of which Distributable reserves: +€53,591
- Tax, wage and social debts -€6,115
down €6,115 (-36.3%), from €16,854 to €10,739
of which Remuneration and social security: -€6,955
- Gross operating margin +€9,525
up €9,525 (+11.6%), from €82,418 to €91,943
- Taxes +€8,600
up €8,600 (+55.0%), from €15,623 to €24,224
- Depreciation -€2,962
down €2,962 (-27.2%), from €10,884 to €7,922
- Other operating charges -€1,544
down €1,544 (-24.3%), from €6,343 to €4,799
- Financial charges +€922
up €922 (+190%), from €486 to €1,408
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 | €277,697 | €324,910 | +€47,212 | +17.0% |
| Fixed assets | 21/28 | €170,081 | €177,445 | +€7,363 | +4.3% |
| Tangible fixed assets | 22/27 | €170,081 | €177,445 | +€7,363 | +4.3% |
| Land and buildings | 22 | €169,126 | €146,262 | -€22,864 | -13.5% |
| Plant, machinery and equipment | 23 | - | €25,070 | +€25,070 | |
| Furniture and vehicles | 24 | €955 | €6,113 | +€5,157 | +540% |
| Current assets | 29/58 | €107,616 | €147,465 | +€39,849 | +37.0% |
| Amounts receivable within one year | 40/41 | €38,402 | €39,785 | +€1,383 | +3.6% |
| Trade receivables | 40 | €32,610 | €34,261 | +€1,652 | +5.1% |
| Other amounts receivable | 41 | €5,793 | €5,524 | -€269 | -4.6% |
| Cash at bank and in hand | 54/58 | €63,333 | €101,799 | +€38,466 | +60.7% |
| Deferred charges and accrued income | 490/1 | €5,880 | €5,880 | = | 0.0% |
| Total equity and liabilities | 10/49 | €277,697 | €324,910 | +€47,212 | +17.0% |
| Equity | 10/15 | €253,280 | €306,871 | +€53,591 | +21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €240,880 | €294,471 | +€53,591 | +22.2% |
| Non-distributable reserves | 130/1 | €6,485 | €6,485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,485 | €6,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,731 | €17,731 | = | 0.0% |
| Distributable reserves | 133 | €216,665 | €270,256 | +€53,591 | +24.7% |
| Amounts payable | 17/49 | €24,417 | €18,039 | -€6,378 | -26.1% |
| Amounts payable within one year | 42/48 | €24,417 | €18,039 | -€6,378 | -26.1% |
| Trade debts | 44 | €7,563 | €7,299 | -€263 | -3.5% |
| Suppliers | 440/4 | €7,563 | €7,299 | -€263 | -3.5% |
| Taxes, remuneration and social security | 45 | €16,854 | €10,739 | -€6,115 | -36.3% |
| Taxes | 450/3 | €9,900 | €10,739 | +€840 | +8.5% |
| Remuneration and social security | 454/9 | €6,955 | - | -€6,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,884 | €7,922 | -€2,962 | -27.2% |
| Other operating charges | 640/8 | €6,343 | €4,799 | -€1,544 | -24.3% |
| Gross operating margin | 9900 | €82,418 | €91,943 | +€9,525 | +11.6% |
| Operating profit (loss) | 9901 | €65,191 | €79,223 | +€14,032 | +21.5% |
| Financial charges | 65/66B | €486 | €1,408 | +€922 | +190% |
| Recurring financial charges | 65 | €486 | €1,408 | +€922 | +190% |
| Profit (loss) for the period before taxes | 9903 | €64,705 | €77,815 | +€13,109 | +20.3% |
| Income taxes | 67/77 | €15,623 | €24,224 | +€8,600 | +55.0% |
| Profit (loss) for the period | 9904 | €49,082 | €53,591 | +€4,509 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,082 | €53,591 | +€4,509 | +9.2% |
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 21 October 2026 via checked.be.