erwé projects: what changed
erwé projects
Largest movements
- Current assets -€91,844
down €91,844 (-57.3%), from €160,276 to €68,432
of which Receivables within one year: -€46,331
- Tangible fixed assets -€2,060
down €2,060 (-51.8%), from €3,980 to €1,920
- Debts -€95,833
down €95,833 (-65.9%), from €145,358 to €49,525
of which Debts within one year: -€97,768
- Reserves +€3,617
up €3,617 (+25.3%), from €14,281 to €17,898
- Profit (loss) carried forward -€1,688
down €1,688 (-46.7%), from €3,617 to €1,929
- Gross operating margin -€7,781
down €7,781 (-46.0%), from €16,925 to €9,144
- Taxes -€1,291
down €1,291 (-30.9%), from €4,178 to €2,887
- Depreciation -€1,261
down €1,261 (-33.6%), from €3,757 to €2,496
Change in the result, 2009 to 2010
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,256 | €70,352 | -€93,904 | -57.2% |
| Fixed assets | 21/28 | €3,980 | €1,920 | -€2,060 | -51.8% |
| Tangible fixed assets | 22/27 | €3,980 | €1,920 | -€2,060 | -51.8% |
| Current assets | 29/58 | €160,276 | €68,432 | -€91,844 | -57.3% |
| Stocks and contracts in progress | 3 | €8,893 | - | -€8,893 | |
| Amounts receivable within one year | 40/41 | €100,517 | €54,186 | -€46,331 | -46.1% |
| Cash at bank and in hand | 54/58 | €44,427 | €7,783 | -€36,644 | -82.5% |
| Total equity and liabilities | 10/49 | €164,256 | €70,352 | -€93,904 | -57.2% |
| Equity | 10/15 | €18,898 | €20,827 | +€1,929 | +10.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,281 | €17,898 | +€3,617 | +25.3% |
| Profit (loss) carried forward | 14 | €3,617 | €1,929 | -€1,688 | -46.7% |
| Amounts payable | 17/49 | €145,358 | €49,525 | -€95,833 | -65.9% |
| Amounts payable after more than one year | 17 | - | €1,785 | +€1,785 | |
| Amounts payable within one year | 42/48 | €145,358 | €47,590 | -€97,768 | -67.3% |
| Trade debts | 44 | €133,900 | €33,943 | -€99,957 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,757 | €2,496 | -€1,261 | -33.6% |
| Gross operating margin | 9900 | €16,925 | €9,144 | -€7,781 | -46.0% |
| Operating profit (loss) | 9901 | €10,013 | €5,758 | -€4,255 | -42.5% |
| Recurring financial income | 75 | €2,332 | €2,955 | +€623 | +26.7% |
| Recurring financial charges | 65 | €3,450 | €4,552 | +€1,102 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €7,795 | €4,816 | -€2,979 | -38.2% |
| Income taxes | 67/77 | €4,178 | €2,887 | -€1,291 | -30.9% |
| Profit (loss) for the period | 9904 | €3,617 | €1,929 | -€1,688 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,617 | €1,929 | -€1,688 | -46.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2009 and 31 May 2010. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.