ERWIN EESTERMANS MANAGEMENT: what changed
Two fiscal 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.
ERWIN EESTERMANS MANAGEMENT
Largest movements
- Receivables within one year -€15,438
down €15,438 (-71.5%), from €21,595 to €6,158
of which Trade receivables: -€14,315
- Tangible fixed assets +€1,011
up €1,011 (+99.5%), from €1,016 to €2,027
- Accrued charges and deferred income -€20,386
down €20,386 (-90.7%), from €22,480 to €2,093
- Other debts +€2,646
up €2,646 (+22.7%), from €11,676 to €14,321
- Reserves +€2,480
up €2,480 (+7.1%), from €35,000 to €37,480
- Tax, wage and social debts +€2,009
up €2,009 (+11.7%), from €17,150 to €19,159
- Gross operating margin -€57,546
down €57,546 (-90.9%), from €63,285 to €5,739
- Taxes -€15,141
down €15,141 (-88.3%), from €17,150 to €2,009
- Other operating charges -€10,241
down €10,241 (-98.8%), from €10,361 to €120
- Depreciation +€661
up €661 (+204.7%), from €323 to €984
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 | €92,265 | €79,014 | -€13,252 | -14.4% |
| Fixed assets | 21/28 | €51,016 | €52,027 | +€1,011 | +2.0% |
| Tangible fixed assets | 22/27 | €1,016 | €2,027 | +€1,011 | +99.5% |
| Plant, machinery and equipment | 23 | €1,016 | €2,027 | +€1,011 | +99.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €41,250 | €26,987 | -€14,263 | -34.6% |
| Amounts receivable within one year | 40/41 | €21,595 | €6,158 | -€15,438 | -71.5% |
| Trade receivables | 40 | €20,109 | €5,794 | -€14,315 | -71.2% |
| Other amounts receivable | 41 | €1,486 | €363 | -€1,123 | -75.6% |
| Cash at bank and in hand | 54/58 | €19,456 | €20,104 | +€647 | +3.3% |
| Deferred charges and accrued income | 490/1 | €198 | €726 | +€528 | +266.4% |
| Total equity and liabilities | 10/49 | €92,265 | €79,014 | -€13,252 | -14.4% |
| Equity | 10/15 | €40,219 | €42,703 | +€2,484 | +6.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €37,480 | +€2,480 | +7.1% |
| Distributable reserves | 133 | €35,000 | €37,480 | +€2,480 | +7.1% |
| Profit (loss) carried forward | 14 | €219 | €223 | +€4 | +1.9% |
| Amounts payable | 17/49 | €52,046 | €36,310 | -€15,736 | -30.2% |
| Amounts payable within one year | 42/48 | €29,567 | €34,217 | +€4,650 | +15.7% |
| Trade debts | 44 | €741 | €737 | -€4 | -0.5% |
| Suppliers | 440/4 | €741 | €737 | -€4 | -0.5% |
| Taxes, remuneration and social security | 45 | €17,150 | €19,159 | +€2,009 | +11.7% |
| Taxes | 450/3 | €17,150 | €19,159 | +€2,009 | +11.7% |
| Other amounts payable | 47/48 | €11,676 | €14,321 | +€2,646 | +22.7% |
| Accrued charges and deferred income | 492/3 | €22,480 | €2,093 | -€20,386 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €323 | €984 | +€661 | +204.7% |
| Other operating charges | 640/8 | €10,361 | €120 | -€10,241 | -98.8% |
| Gross operating margin | 9900 | €63,285 | €5,739 | -€57,546 | -90.9% |
| Operating profit (loss) | 9901 | €52,601 | €4,635 | -€47,966 | -91.2% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €232 | €151 | -€81 | -34.9% |
| Recurring financial charges | 65 | €232 | €151 | -€81 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €52,369 | €4,493 | -€47,876 | -91.4% |
| Income taxes | 67/77 | €17,150 | €2,009 | -€15,141 | -88.3% |
| Profit (loss) for the period | 9904 | €35,219 | €2,484 | -€32,735 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,219 | €2,484 | -€32,735 | -92.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.