ERANCO: 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.
ERANCO
Largest movements
- Receivables within one year -€14,704
down €14,704 (-29.9%), from €49,167 to €34,463
of which Trade receivables: -€10,547
- Cash +€9,984
up €9,984 (+204.9%), from €4,872 to €14,856
mainly Receivables within one year (+€14,704) and Trade debts (+€12,138)
- Tangible fixed assets -€7,837
down €7,837 (-28.4%), from €27,643 to €19,806
of which Furniture and vehicles: -€6,157
- Intangible fixed assets +€6,374
new in 2025: €6,374
- Stocks and contracts +€4,246
up €4,246 (+4.9%), from €86,171 to €90,417
- Profit (loss) carried forward -€13,324
down €13,324 (-110.9%), from -€12,014 to -€25,338
- Trade debts +€12,138
up €12,138 (+73.1%), from €16,599 to €28,737
- Current portion of long-term debt +€2,827
up €2,827 (+59.4%), from €4,761 to €7,588
- Gross operating margin -€38,337
down €38,337 (-95.5%), from €40,135 to €1,798
- Staff costs -€3,225
no longer reported in 2025 (was €3,225)
- Depreciation +€2,270
up €2,270 (+37.9%), from €5,994 to €8,263
- Financial charges +€1,548
up €1,548 (+63.0%), from €2,457 to €4,005
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 | €167,854 | €168,376 | +€523 | +0.3% |
| Fixed assets | 21/28 | €27,643 | €28,640 | +€997 | +3.6% |
| Intangible fixed assets | 21 | - | €6,374 | +€6,374 | |
| Tangible fixed assets | 22/27 | €27,643 | €19,806 | -€7,837 | -28.4% |
| Land and buildings | 22 | €6,306 | €4,868 | -€1,438 | -22.8% |
| Plant, machinery and equipment | 23 | €1,187 | €945 | -€242 | -20.4% |
| Furniture and vehicles | 24 | €20,150 | €13,993 | -€6,157 | -30.6% |
| Financial fixed assets | 28 | - | €2,460 | +€2,460 | |
| Current assets | 29/58 | €140,211 | €139,737 | -€474 | -0.3% |
| Stocks and contracts in progress | 3 | €86,171 | €90,417 | +€4,246 | +4.9% |
| Stocks | 30/36 | €86,171 | €90,417 | +€4,246 | +4.9% |
| Amounts receivable within one year | 40/41 | €49,167 | €34,463 | -€14,704 | -29.9% |
| Trade receivables | 40 | €38,306 | €27,759 | -€10,547 | -27.5% |
| Other amounts receivable | 41 | €10,862 | €6,704 | -€4,158 | -38.3% |
| Cash at bank and in hand | 54/58 | €4,872 | €14,856 | +€9,984 | +204.9% |
| Total equity and liabilities | 10/49 | €167,854 | €168,376 | +€523 | +0.3% |
| Equity | 10/15 | €89,912 | €76,588 | -€13,324 | -14.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €61,926 | €61,926 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,743 | €3,743 | = | 0.0% |
| Distributable reserves | 133 | €58,183 | €58,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,014 | -€25,338 | -€13,324 | -110.9% |
| Amounts payable | 17/49 | €77,941 | €91,788 | +€13,847 | +17.8% |
| Amounts payable after more than one year | 17 | €6,484 | €5,250 | -€1,234 | -19.0% |
| Financial debts | 170/4 | €6,484 | €5,250 | -€1,234 | -19.0% |
| Amounts payable within one year | 42/48 | €71,458 | €86,539 | +€15,081 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €4,761 | €7,588 | +€2,827 | +59.4% |
| Financial debts | 43 | €35,000 | €35,000 | = | 0.0% |
| Credit institutions | 430/8 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €16,599 | €28,737 | +€12,138 | +73.1% |
| Suppliers | 440/4 | €16,599 | €28,737 | +€12,138 | +73.1% |
| Taxes, remuneration and social security | 45 | €840 | - | -€840 | |
| Taxes | 450/3 | €840 | - | -€840 | |
| Other amounts payable | 47/48 | €14,257 | €15,213 | +€956 | +6.7% |
| Remuneration, social security and pensions | 62 | €3,225 | - | -€3,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,994 | €8,263 | +€2,270 | +37.9% |
| Other operating charges | 640/8 | €2,286 | €2,047 | -€239 | -10.4% |
| Gross operating margin | 9900 | €40,135 | €1,798 | -€38,337 | -95.5% |
| Operating profit (loss) | 9901 | €28,630 | -€8,512 | -€37,143 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,457 | €4,005 | +€1,548 | +63.0% |
| Recurring financial charges | 65 | €2,457 | €4,005 | +€1,548 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €26,175 | -€12,517 | -€38,693 | |
| Income taxes | 67/77 | €840 | €807 | -€33 | -3.9% |
| Profit (loss) for the period | 9904 | €25,336 | -€13,324 | -€38,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,336 | -€13,324 | -€38,660 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.