ERVEKA: 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.
ERVEKA
Largest movements
- Stocks and contracts +€73,493
up €73,493 (+66.7%), from €110,121 to €183,614
- Cash -€32,080
down €32,080 (-34.0%), from €94,471 to €62,392
mainly Stocks and contracts (-€73,493) and Contributions, distributions and other (-€14,000)
- Intangible fixed assets -€12,000
down €12,000 (-22.2%), from €54,000 to €42,000
- Tangible fixed assets -€6,649
down €6,649 (-22.7%), from €29,354 to €22,705
of which Other tangible fixed assets: -€4,183
- Receivables within one year +€5,065
up €5,065 (+36.3%), from €13,972 to €19,037
of which Other amounts receivable: +€4,535
- Reserves +€30,433
up €30,433 (+64.7%), from €47,015 to €77,448
- Other debts +€13,580
up €13,580 (+6.3%), from €215,630 to €229,209
- Tax, wage and social debts -€11,649
down €11,649 (-78.1%), from €14,911 to €3,262
of which Taxes: -€12,106
- Trade debts -€4,918
down €4,918 (-96.2%), from €5,111 to €193
- Gross operating margin +€25,550
up €25,550 (+47.4%), from €53,932 to €79,482
- Taxes -€1,464
down €1,464 (-13.5%), from €10,825 to €9,361
- Other operating charges -€1,433
down €1,433 (-28.9%), from €4,951 to €3,518
- Staff costs +€1,216
up €1,216 (+51.0%), from €2,383 to €3,600
- Financial income +€1,133
up €1,133 (+55.7%), from €2,036 to €3,169
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 | €302,666 | €330,113 | +€27,446 | +9.1% |
| Fixed assets | 21/28 | €83,354 | €64,705 | -€18,649 | -22.4% |
| Intangible fixed assets | 21 | €54,000 | €42,000 | -€12,000 | -22.2% |
| Tangible fixed assets | 22/27 | €29,354 | €22,705 | -€6,649 | -22.7% |
| Plant, machinery and equipment | 23 | €1,609 | €1,370 | -€238 | -14.8% |
| Furniture and vehicles | 24 | €5,453 | €3,226 | -€2,228 | -40.9% |
| Other tangible fixed assets | 26 | €22,292 | €18,109 | -€4,183 | -18.8% |
| Current assets | 29/58 | €219,312 | €265,408 | +€46,095 | +21.0% |
| Stocks and contracts in progress | 3 | €110,121 | €183,614 | +€73,493 | +66.7% |
| Stocks | 30/36 | €110,121 | €183,614 | +€73,493 | +66.7% |
| Amounts receivable within one year | 40/41 | €13,972 | €19,037 | +€5,065 | +36.3% |
| Trade receivables | 40 | €13,617 | €14,147 | +€530 | +3.9% |
| Other amounts receivable | 41 | €355 | €4,890 | +€4,535 | +1,277% |
| Cash at bank and in hand | 54/58 | €94,471 | €62,392 | -€32,080 | -34.0% |
| Deferred charges and accrued income | 490/1 | €748 | €365 | -€383 | -51.2% |
| Total equity and liabilities | 10/49 | €302,666 | €330,113 | +€27,446 | +9.1% |
| Equity | 10/15 | €67,015 | €97,448 | +€30,433 | +45.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €47,015 | €77,448 | +€30,433 | +64.7% |
| Distributable reserves | 133 | €47,015 | €77,448 | +€30,433 | +64.7% |
| Amounts payable | 17/49 | €235,651 | €232,665 | -€2,987 | -1.3% |
| Amounts payable within one year | 42/48 | €235,651 | €232,665 | -€2,987 | -1.3% |
| Trade debts | 44 | €5,111 | €193 | -€4,918 | -96.2% |
| Suppliers | 440/4 | €5,111 | €193 | -€4,918 | -96.2% |
| Taxes, remuneration and social security | 45 | €14,911 | €3,262 | -€11,649 | -78.1% |
| Taxes | 450/3 | €12,106 | - | -€12,106 | |
| Remuneration and social security | 454/9 | €2,805 | €3,262 | +€457 | +16.3% |
| Other amounts payable | 47/48 | €215,630 | €229,209 | +€13,580 | +6.3% |
| Remuneration, social security and pensions | 62 | €2,383 | €3,600 | +€1,216 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,112 | €18,649 | +€537 | +3.0% |
| Other operating charges | 640/8 | €4,951 | €3,518 | -€1,433 | -28.9% |
| Gross operating margin | 9900 | €53,932 | €79,482 | +€25,550 | +47.4% |
| Operating profit (loss) | 9901 | €28,486 | €53,716 | +€25,230 | +88.6% |
| Financial income | 75/76B | €2,036 | €3,169 | +€1,133 | +55.7% |
| Recurring financial income | 75 | €2,036 | €3,169 | +€1,133 | +55.7% |
| Financial charges | 65/66B | €2,274 | €3,090 | +€817 | +35.9% |
| Recurring financial charges | 65 | €2,274 | €3,090 | +€817 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €28,248 | €53,795 | +€25,547 | +90.4% |
| Income taxes | 67/77 | €10,825 | €9,361 | -€1,464 | -13.5% |
| Profit (loss) for the period | 9904 | €17,423 | €44,433 | +€27,010 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €17,423 | €44,433 | +€27,010 | +155% |
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 29 October 2026 via checked.be.