ERVI: 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.
ERVI
Largest movements
- Receivables within one year +€14,127
up €14,127 (+146.3%), from €9,654 to €23,781
of which Trade receivables: +€9,687
- Tangible fixed assets -€12,426
down €12,426 (-11.1%), from €112,155 to €99,728
of which Furniture and vehicles: -€10,958
- Other debts +€42,134
up €42,134 (+16.1%), from €262,256 to €304,390
- Debts after one year -€25,679
down €25,679 (-34.0%), from €75,591 to €49,912
- Short-term financial debts -€13,393
down €13,393 (-72.3%), from €18,511 to €5,118
- Trade debts +€8,571
up €8,571 (+255.7%), from €3,352 to €11,923
- Tax, wage and social debts -€4,814
down €4,814 (-55.5%), from €8,677 to €3,863
- Gross operating margin -€61,899
down €61,899 (-77.8%), from €79,521 to €17,622
- Taxes -€18,087
down €18,087 (-97.0%), from €18,646 to €560
- Depreciation +€3,839
up €3,839 (+41.2%), from €9,317 to €13,156
- Financial charges +€1,097
up €1,097 (+18.4%), from €5,962 to €7,059
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 | €439,043 | €440,001 | +€959 | +0.2% |
| Fixed assets | 21/28 | €247,155 | €234,728 | -€12,426 | -5.0% |
| Tangible fixed assets | 22/27 | €112,155 | €99,728 | -€12,426 | -11.1% |
| Plant, machinery and equipment | 23 | €4,716 | €3,248 | -€1,468 | -31.1% |
| Furniture and vehicles | 24 | €58,068 | €47,110 | -€10,958 | -18.9% |
| Other tangible fixed assets | 26 | €49,370 | €49,370 | = | 0.0% |
| Financial fixed assets | 28 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €191,888 | €205,273 | +€13,385 | +7.0% |
| Amounts receivable after more than one year | 29 | €177,000 | €177,000 | = | 0.0% |
| Other amounts receivable | 291 | €177,000 | €177,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,654 | €23,781 | +€14,127 | +146.3% |
| Trade receivables | 40 | €9,654 | €19,341 | +€9,687 | +100.3% |
| Other amounts receivable | 41 | - | €4,440 | +€4,440 | |
| Cash at bank and in hand | 54/58 | €2,315 | €1,810 | -€505 | -21.8% |
| Deferred charges and accrued income | 490/1 | €2,919 | €2,682 | -€237 | -8.1% |
| Total equity and liabilities | 10/49 | €439,043 | €440,001 | +€959 | +0.2% |
| Equity | 10/15 | €39,259 | €35,378 | -€3,882 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,659 | €20,659 | = | 0.0% |
| Distributable reserves | 133 | €20,659 | €20,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,882 | -€3,882 | |
| Amounts payable | 17/49 | €399,783 | €404,624 | +€4,840 | +1.2% |
| Amounts payable after more than one year | 17 | €75,591 | €49,912 | -€25,679 | -34.0% |
| Financial debts | 170/4 | €75,591 | €49,912 | -€25,679 | -34.0% |
| Amounts payable within one year | 42/48 | €324,003 | €354,549 | +€30,546 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €31,207 | €29,255 | -€1,952 | -6.3% |
| Financial debts | 43 | €18,511 | €5,118 | -€13,393 | -72.3% |
| Other loans | 439 | €18,511 | €5,118 | -€13,393 | -72.3% |
| Trade debts | 44 | €3,352 | €11,923 | +€8,571 | +255.7% |
| Suppliers | 440/4 | €3,352 | €11,923 | +€8,571 | +255.7% |
| Taxes, remuneration and social security | 45 | €8,677 | €3,863 | -€4,814 | -55.5% |
| Taxes | 450/3 | €8,677 | €3,863 | -€4,814 | -55.5% |
| Other amounts payable | 47/48 | €262,256 | €304,390 | +€42,134 | +16.1% |
| Accrued charges and deferred income | 492/3 | €190 | €163 | -€27 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,317 | €13,156 | +€3,839 | +41.2% |
| Other operating charges | 640/8 | €769 | €729 | -€40 | -5.2% |
| Gross operating margin | 9900 | €79,521 | €17,622 | -€61,899 | -77.8% |
| Operating profit (loss) | 9901 | €69,435 | €3,737 | -€65,698 | -94.6% |
| Financial charges | 65/66B | €5,962 | €7,059 | +€1,097 | +18.4% |
| Recurring financial charges | 65 | €5,962 | €7,059 | +€1,097 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €63,473 | -€3,322 | -€66,795 | |
| Income taxes | 67/77 | €18,646 | €560 | -€18,087 | -97.0% |
| Profit (loss) for the period | 9904 | €44,827 | -€3,882 | -€48,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,827 | -€3,882 | -€48,709 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.