ELRIC: 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.
ELRIC
Largest movements
- Receivables within one year -€31,844
down €31,844 (-29.8%), from €106,950 to €75,106
- Cash +€21,406
up €21,406 (+237.0%), from €9,031 to €30,437
mainly Net result for the year (+€47,842) and Receivables within one year (+€31,844)
- Tangible fixed assets +€4,257
up €4,257 (+1.9%), from €228,295 to €232,552
- Reserves +€47,842
up €47,842 (+36.4%), from €131,457 to €179,298
- Trade debts -€27,289
down €27,289 (-83.9%), from €32,543 to €5,255
- Debts after one year -€19,000
down €19,000 (-19.7%), from €96,584 to €77,584
- Tax, wage and social debts -€15,288
down €15,288 (-35.4%), from €43,176 to €27,889
of which Taxes: -€15,031
- Other debts +€4,971
up €4,971 (+30.1%), from €16,515 to €21,486
- Gross operating margin -€32,064
down €32,064 (-30.1%), from €106,423 to €74,359
- Taxes -€4,684
down €4,684 (-22.7%), from €20,626 to €15,942
- Staff costs -€3,527
down €3,527 (-100.0%), from €3,527 to €0
- Depreciation +€2,644
up €2,644 (+56.7%), from €4,665 to €7,309
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 | €344,275 | €338,339 | -€5,936 | -1.7% |
| Fixed assets | 21/28 | €228,295 | €232,552 | +€4,257 | +1.9% |
| Tangible fixed assets | 22/27 | €228,295 | €232,552 | +€4,257 | +1.9% |
| Land and buildings | 22 | €228,295 | €232,552 | +€4,257 | +1.9% |
| Current assets | 29/58 | €115,980 | €105,787 | -€10,193 | -8.8% |
| Amounts receivable within one year | 40/41 | €106,950 | €75,106 | -€31,844 | -29.8% |
| Trade receivables | 40 | €106,950 | €75,106 | -€31,844 | -29.8% |
| Cash at bank and in hand | 54/58 | €9,031 | €30,437 | +€21,406 | +237.0% |
| Deferred charges and accrued income | 490/1 | - | €245 | +€245 | |
| Total equity and liabilities | 10/49 | €344,275 | €338,339 | -€5,936 | -1.7% |
| Equity | 10/15 | €136,457 | €184,298 | +€47,842 | +35.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,457 | €179,298 | +€47,842 | +36.4% |
| Distributable reserves | 133 | €131,457 | €179,298 | +€47,842 | +36.4% |
| Amounts payable | 17/49 | €207,818 | €154,040 | -€53,777 | -25.9% |
| Amounts payable after more than one year | 17 | €96,584 | €77,584 | -€19,000 | -19.7% |
| Financial debts | 170/4 | €96,584 | €77,584 | -€19,000 | -19.7% |
| Amounts payable within one year | 42/48 | €111,234 | €73,629 | -€37,605 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €19,000 | = | 0.0% |
| Trade debts | 44 | €32,543 | €5,255 | -€27,289 | -83.9% |
| Suppliers | 440/4 | €32,543 | €5,255 | -€27,289 | -83.9% |
| Taxes, remuneration and social security | 45 | €43,176 | €27,889 | -€15,288 | -35.4% |
| Taxes | 450/3 | €42,920 | €27,889 | -€15,031 | -35.0% |
| Remuneration and social security | 454/9 | €257 | €0 | -€257 | -100.0% |
| Other amounts payable | 47/48 | €16,515 | €21,486 | +€4,971 | +30.1% |
| Accrued charges and deferred income | 492/3 | - | €2,828 | +€2,828 | |
| Remuneration, social security and pensions | 62 | €3,527 | €0 | -€3,527 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,665 | €7,309 | +€2,644 | +56.7% |
| Other operating charges | 640/8 | €1,156 | €1,192 | +€35 | +3.1% |
| Gross operating margin | 9900 | €106,423 | €74,359 | -€32,064 | -30.1% |
| Operating profit (loss) | 9901 | €97,075 | €65,858 | -€31,217 | -32.2% |
| Financial charges | 65/66B | €2,460 | €2,075 | -€386 | -15.7% |
| Recurring financial charges | 65 | €2,460 | €2,075 | -€386 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €94,615 | €63,784 | -€30,831 | -32.6% |
| Income taxes | 67/77 | €20,626 | €15,942 | -€4,684 | -22.7% |
| Profit (loss) for the period | 9904 | €73,989 | €47,842 | -€26,147 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,989 | €47,842 | -€26,147 | -35.3% |
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 5 October 2026 via checked.be.