Compagnie Erasmus: 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.
Compagnie Erasmus
Largest movements
- Cash +€35,517
up €35,517 (+23.2%), from €153,398 to €188,915
mainly Depreciation (+€30,650) and Net result for the year (+€15,645)
- Tangible fixed assets -€30,650
down €30,650 (-5.4%), from €565,957 to €535,307
of which Land and buildings: -€30,572
- Profit (loss) carried forward +€15,645
up €15,645 (+39.3%), from €39,761 to €55,406
- Gross operating margin -€524,992
down €524,992 (-89.3%), from €588,067 to €63,075
- Taxes -€130,470
down €130,470 (-96.1%), from €135,785 to €5,315
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 | €724,316 | €737,664 | +€13,348 | +1.8% |
| Fixed assets | 21/28 | €565,957 | €535,307 | -€30,650 | -5.4% |
| Tangible fixed assets | 22/27 | €565,957 | €535,307 | -€30,650 | -5.4% |
| Land and buildings | 22 | €564,329 | €533,757 | -€30,572 | -5.4% |
| Plant, machinery and equipment | 23 | €1,627 | €1,550 | -€77 | -4.8% |
| Current assets | 29/58 | €158,359 | €202,357 | +€43,998 | +27.8% |
| Amounts receivable within one year | 40/41 | €4,961 | €9,646 | +€4,685 | +94.4% |
| Other amounts receivable | 41 | €4,961 | €9,646 | +€4,685 | +94.4% |
| Cash at bank and in hand | 54/58 | €153,398 | €188,915 | +€35,517 | +23.2% |
| Deferred charges and accrued income | 490/1 | - | €3,796 | +€3,796 | |
| Total equity and liabilities | 10/49 | €724,316 | €737,664 | +€13,348 | +1.8% |
| Equity | 10/15 | €207,961 | €223,606 | +€15,645 | +7.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €106,200 | €106,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,761 | €55,406 | +€15,645 | +39.3% |
| Amounts payable | 17/49 | €516,355 | €514,058 | -€2,297 | -0.4% |
| Amounts payable within one year | 42/48 | €516,355 | €514,058 | -€2,297 | -0.4% |
| Trade debts | 44 | €3,553 | €3,000 | -€553 | -15.6% |
| Suppliers | 440/4 | €3,553 | €3,000 | -€553 | -15.6% |
| Taxes, remuneration and social security | 45 | €12,529 | €10,785 | -€1,744 | -13.9% |
| Taxes | 450/3 | €12,529 | €10,785 | -€1,744 | -13.9% |
| Other amounts payable | 47/48 | €500,273 | €500,273 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,446 | €30,650 | -€1,796 | -5.5% |
| Other operating charges | 640/8 | €12,698 | €11,400 | -€1,298 | -10.2% |
| Gross operating margin | 9900 | €588,067 | €63,075 | -€524,992 | -89.3% |
| Operating profit (loss) | 9901 | €542,922 | €21,025 | -€521,897 | -96.1% |
| Financial charges | 65/66B | €82 | €65 | -€17 | -21.3% |
| Recurring financial charges | 65 | €82 | €65 | -€17 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €542,840 | €20,961 | -€521,880 | -96.1% |
| Income taxes | 67/77 | €135,785 | €5,315 | -€130,470 | -96.1% |
| Profit (loss) for the period | 9904 | €407,055 | €15,645 | -€391,410 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €407,055 | €15,645 | -€391,410 | -96.2% |
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 30 October 2026 via checked.be.