ERZO24: 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.
ERZO24
Largest movements
- Stocks and contracts +€22,500
up €22,500 (+236.8%), from €9,500 to €32,000
- Profit (loss) carried forward +€14,241
up €14,241 (+178.7%), from €7,967 to €22,207
- Tax, wage and social debts +€6,508
up €6,508 (+95.0%), from €6,852 to €13,360
of which Remuneration and social security: +€6,600
- Other debts +€2,600
up €2,600 (+5.4%), from €48,438 to €51,038
- Trade debts -€1,355
down €1,355 (-52.0%), from €2,605 to €1,250
- Gross operating margin +€16,043
up €16,043 (+212.2%), from €7,560 to €23,603
- Taxes +€5,231
new in 2025: €5,231
- Staff costs +€1,307
up €1,307 (+475.6%), from €275 to €1,581
- Depreciation -€1,201
no longer reported in 2025 (was €1,201)
- Other operating charges -€943
down €943 (-28.1%), from €3,358 to €2,415
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 | €67,062 | €89,056 | +€21,994 | +32.8% |
| Current assets | 29/58 | €67,062 | €89,056 | +€21,994 | +32.8% |
| Stocks and contracts in progress | 3 | €9,500 | €32,000 | +€22,500 | +236.8% |
| Stocks | 30/36 | €9,500 | €32,000 | +€22,500 | +236.8% |
| Cash at bank and in hand | 54/58 | €57,562 | €57,056 | -€506 | -0.9% |
| Total equity and liabilities | 10/49 | €67,062 | €89,056 | +€21,994 | +32.8% |
| Equity | 10/15 | €9,167 | €23,407 | +€14,241 | +155.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,967 | €22,207 | +€14,241 | +178.7% |
| Amounts payable | 17/49 | €57,895 | €65,649 | +€7,754 | +13.4% |
| Amounts payable within one year | 42/48 | €57,895 | €65,649 | +€7,754 | +13.4% |
| Trade debts | 44 | €2,605 | €1,250 | -€1,355 | -52.0% |
| Suppliers | 440/4 | €2,605 | €1,250 | -€1,355 | -52.0% |
| Taxes, remuneration and social security | 45 | €6,852 | €13,360 | +€6,508 | +95.0% |
| Taxes | 450/3 | €6,852 | €6,760 | -€92 | -1.3% |
| Remuneration and social security | 454/9 | - | €6,600 | +€6,600 | |
| Other amounts payable | 47/48 | €48,438 | €51,038 | +€2,600 | +5.4% |
| Remuneration, social security and pensions | 62 | €275 | €1,581 | +€1,307 | +475.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,201 | - | -€1,201 | |
| Other operating charges | 640/8 | €3,358 | €2,415 | -€943 | -28.1% |
| Gross operating margin | 9900 | €7,560 | €23,603 | +€16,043 | +212.2% |
| Operating profit (loss) | 9901 | €2,726 | €19,607 | +€16,881 | +619.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €155 | €137 | -€18 | -11.8% |
| Recurring financial charges | 65 | €155 | €137 | -€18 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €2,571 | €19,471 | +€16,900 | +657.4% |
| Income taxes | 67/77 | - | €5,231 | +€5,231 | |
| Profit (loss) for the period | 9904 | €2,571 | €14,241 | +€11,670 | +453.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,571 | €14,241 | +€11,670 | +453.9% |
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 12 October 2026 via checked.be.