E.R.C.: 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.
E.R.C.
Largest movements
- Tangible fixed assets -€18,528
down €18,528 (-32.6%), from €56,793 to €38,265
of which Furniture and vehicles: -€9,607
- Receivables within one year +€5,422
up €5,422 (+408%), from €1,329 to €6,750
of which Trade receivables: +€5,529
- Cash -€1,672
down €1,672 (-57.7%), from €2,896 to €1,224
mainly Debts after one year (-€9,674) and Receivables within one year (-€5,422)
- Debts after one year -€9,674
down €9,674 (-8.8%), from €110,451 to €100,777
- Profit (loss) carried forward -€4,567
down €4,567 (-9.1%), from -€50,046 to -€54,613
- Gross operating margin +€31,795
up €31,795, from -€14,281 to €17,514
- Other operating charges +€333
up €333 (+38.0%), from €876 to €1,208
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,924 | €55,346 | -€14,578 | -20.8% |
| Fixed assets | 21/28 | €56,793 | €38,265 | -€18,528 | -32.6% |
| Tangible fixed assets | 22/27 | €56,793 | €38,265 | -€18,528 | -32.6% |
| Plant, machinery and equipment | 23 | €35,069 | €26,674 | -€8,395 | -23.9% |
| Furniture and vehicles | 24 | €19,299 | €9,691 | -€9,607 | -49.8% |
| Other tangible fixed assets | 26 | €2,425 | €1,899 | -€526 | -21.7% |
| Current assets | 29/58 | €13,131 | €17,081 | +€3,951 | +30.1% |
| Stocks and contracts in progress | 3 | €7,056 | €7,066 | +€10 | +0.1% |
| Stocks | 30/36 | €7,056 | €7,066 | +€10 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,329 | €6,750 | +€5,422 | +408% |
| Trade receivables | 40 | €121 | €5,650 | +€5,529 | +4,570% |
| Other amounts receivable | 41 | €1,208 | €1,100 | -€108 | -8.9% |
| Cash at bank and in hand | 54/58 | €2,896 | €1,224 | -€1,672 | -57.7% |
| Deferred charges and accrued income | 490/1 | €1,850 | €2,041 | +€191 | +10.3% |
| Total equity and liabilities | 10/49 | €69,924 | €55,346 | -€14,578 | -20.8% |
| Equity | 10/15 | -€43,226 | -€47,793 | -€4,567 | -10.6% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Capital | 10 | €6,820 | €6,820 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,780 | €11,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,046 | -€54,613 | -€4,567 | -9.1% |
| Amounts payable | 17/49 | €113,150 | €103,139 | -€10,011 | -8.8% |
| Amounts payable after more than one year | 17 | €110,451 | €100,777 | -€9,674 | -8.8% |
| Other amounts payable | 178/9 | €110,451 | €100,777 | -€9,674 | -8.8% |
| Amounts payable within one year | 42/48 | €2,699 | €2,363 | -€337 | -12.5% |
| Trade debts | 44 | €2,448 | €2,069 | -€380 | -15.5% |
| Suppliers | 440/4 | €2,448 | €2,069 | -€380 | -15.5% |
| Taxes, remuneration and social security | 45 | €251 | €294 | +€43 | +17.1% |
| Taxes | 450/3 | €251 | €294 | +€43 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,737 | €20,618 | -€118 | -0.6% |
| Other operating charges | 640/8 | €876 | €1,208 | +€333 | +38.0% |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | -€14,281 | €17,514 | +€31,795 | |
| Operating profit (loss) | 9901 | -€35,893 | -€4,316 | +€31,578 | +88.0% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €102 | €135 | +€33 | +32.1% |
| Recurring financial charges | 65 | €102 | €135 | +€33 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,995 | -€4,393 | +€31,603 | +87.8% |
| Income taxes | 67/77 | €102 | €174 | +€72 | +70.5% |
| Profit (loss) for the period | 9904 | -€36,098 | -€4,567 | +€31,531 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,098 | -€4,567 | +€31,531 | +87.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.