EUROPEAN RESOURCE DEVELOPMENT: 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.
EUROPEAN RESOURCE DEVELOPMENT
Largest movements
- Receivables within one year +€108,923
up €108,923 (+218%), from €50,056 to €158,978
of which Other amounts receivable: +€141,178
- Receivables after one year -€85,000
no longer reported in 2025 (was €85,000)
- Cash -€7,778
down €7,778 (-80.9%), from €9,619 to €1,842
mainly Receivables within one year (-€108,923) and Contributions, distributions and other (-€16,474)
- Tangible fixed assets -€2,231
down €2,231 (-51.8%), from €4,310 to €2,079
of which Furniture and vehicles: -€1,406
- Other debts +€17,974
new in 2025: €17,974
- Reserves -€16,474
down €16,474 (-8.3%), from €198,059 to €181,585
of which Distributable reserves: -€16,474
- Profit (loss) carried forward +€13,139
up €13,139 (+18.5%), from -€71,009 to -€57,870
- Gross operating margin +€25,655
up €25,655, from -€9,780 to €15,875
- Other operating charges -€4,462
down €4,462 (-46.3%), from €9,645 to €5,182
- Financial charges -€1,434
down €1,434 (-96.2%), from €1,491 to €57
- Taxes -€395
down €395 (-88.0%), from €450 to €54
- Financial income +€235
up €235 (+5.2%), from €4,553 to €4,788
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 | €149,148 | €162,899 | +€13,751 | +9.2% |
| Fixed assets | 21/28 | €4,467 | €2,079 | -€2,388 | -53.5% |
| Tangible fixed assets | 22/27 | €4,310 | €2,079 | -€2,231 | -51.8% |
| Land and buildings | 22 | €1,926 | €1,370 | -€556 | -28.9% |
| Plant, machinery and equipment | 23 | €439 | €170 | -€269 | -61.3% |
| Furniture and vehicles | 24 | €1,945 | €539 | -€1,406 | -72.3% |
| Financial fixed assets | 28 | €157 | - | -€157 | |
| Current assets | 29/58 | €144,681 | €160,820 | +€16,139 | +11.2% |
| Amounts receivable after more than one year | 29 | €85,000 | - | -€85,000 | |
| Other amounts receivable | 291 | €85,000 | - | -€85,000 | |
| Amounts receivable within one year | 40/41 | €50,056 | €158,978 | +€108,923 | +218% |
| Trade receivables | 40 | €32,255 | - | -€32,255 | |
| Other amounts receivable | 41 | €17,801 | €158,978 | +€141,178 | +793% |
| Cash at bank and in hand | 54/58 | €9,619 | €1,842 | -€7,778 | -80.9% |
| Deferred charges and accrued income | 490/1 | €6 | - | -€6 | |
| Total equity and liabilities | 10/49 | €149,148 | €162,899 | +€13,751 | +9.2% |
| Equity | 10/15 | €145,649 | €142,314 | -€3,335 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,059 | €181,585 | -€16,474 | -8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €196,151 | €179,677 | -€16,474 | -8.4% |
| Profit (loss) carried forward | 14 | -€71,009 | -€57,870 | +€13,139 | +18.5% |
| Amounts payable | 17/49 | €3,499 | €20,584 | +€17,086 | +488% |
| Amounts payable within one year | 42/48 | €3,304 | €19,166 | +€15,862 | +480% |
| Trade debts | 44 | €1,701 | €1,192 | -€508 | -29.9% |
| Suppliers | 440/4 | €1,701 | €1,192 | -€508 | -29.9% |
| Taxes, remuneration and social security | 45 | €1,603 | - | -€1,603 | |
| Taxes | 450/3 | €1,603 | - | -€1,603 | |
| Other amounts payable | 47/48 | - | €17,974 | +€17,974 | |
| Accrued charges and deferred income | 492/3 | €194 | €1,418 | +€1,224 | +629% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,231 | €2,231 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,645 | €5,182 | -€4,462 | -46.3% |
| Gross operating margin | 9900 | -€9,780 | €15,875 | +€25,655 | |
| Operating profit (loss) | 9901 | -€21,655 | €8,462 | +€30,118 | |
| Financial income | 75/76B | €4,553 | €4,788 | +€235 | +5.2% |
| Recurring financial income | 75 | €4,553 | €4,788 | +€235 | +5.2% |
| Financial charges | 65/66B | €1,491 | €57 | -€1,434 | -96.2% |
| Recurring financial charges | 65 | €1,491 | €57 | -€1,434 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,594 | €13,193 | +€31,787 | |
| Income taxes | 67/77 | €450 | €54 | -€395 | -88.0% |
| Profit (loss) for the period | 9904 | -€19,043 | €13,139 | +€32,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,043 | €13,139 | +€32,182 |
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 23 October 2026 via checked.be.