ERBE BELGIUM: 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.
What changed
ERBE BELGIUM
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,025
2024 · €169,880-€152,855
Equity
€599,252
2024 · €582,227+€17,025
Cash
€324,588
2024 · €458,539-€133,951
Balance sheet total
€1.3m
2024 · €1.6m-€302,030
Largest movements
Assets
- Receivables within one year -€194,674
down €194,674 (-21.3%), from €915,784 to €721,111
of which Trade receivables: -€214,213
- Cash -€133,951
down €133,951 (-29.2%), from €458,539 to €324,588
mainly Debts after one year (-€175,000) and Trade debts (-€100,502)
- Stocks and contracts +€42,967
up €42,967 (+287%), from €14,964 to €57,932
Equity and liabilities
- Debts after one year -€175,000
down €175,000 (-35.7%), from €490,595 to €315,595
- Trade debts -€100,502
down €100,502 (-33.5%), from €300,344 to €199,842
- Tax, wage and social debts -€38,178
down €38,178 (-17.3%), from €220,145 to €181,967
of which Taxes: -€32,254
- Profit (loss) carried forward +€17,025
up €17,025 (+2.4%), from -€716,365 to -€699,340
Income statement
- Goods and materials +€191,835
up €191,835 (+15.3%), from €1.3m to €1.4m
- Staff costs -€60,696
down €60,696 (-7.4%), from €821,920 to €761,224
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.
Result 2024
€169,880
Turnover
-€4,723
Other operating income
-€2,149
Goods and materials
-€191,835
Services and other goods
-€9,673
Staff costs
+€60,696
Depreciation
-€2,676
Write-downs
-€3,519
Other operating charges
-€1,709
Other operating items
-€2
Financial income
-€87
Financial charges
+€2,791
Taxes
+€33
Result 2025
€17,025
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€40,147
Investment
+€902
Financing
-€175,000
Cash 2024
€458,539
From operations (derived)
+€40,147
Net result for the year
+€17,025
Depreciation
+€16,696
Stocks and contracts
-€42,967
Receivables within one year
+€194,674
Deferred charges and accrued income
-€1,225
Trade debts
-€100,502
Tax, wage and social debts
-€38,178
Accrued charges and deferred income
-€5,376
Investment (derived)
+€902
Investment in fixed assets (net)
+€902
Financing
-€175,000
Debts after one year
-€175,000
Cash 2025
€324,588
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,598,686 | €1,296,656 | -€302,030 | -18.9% |
| Fixed assets | 21/28 | €192,495 | €174,897 | -€17,598 | -9.1% |
| Tangible fixed assets | 22/27 | €133,095 | €121,786 | -€11,308 | -8.5% |
| Plant, machinery and equipment | 23 | €7,020 | €9,529 | +€2,509 | +35.7% |
| Furniture and vehicles | 24 | €5,481 | €6,140 | +€659 | +12.0% |
| Other tangible fixed assets | 26 | €120,594 | €106,118 | -€14,476 | -12.0% |
| Financial fixed assets | 28 | €59,400 | €53,110 | -€6,290 | -10.6% |
| Other financial fixed assets | 284/8 | €59,400 | €53,110 | -€6,290 | -10.6% |
| Amounts receivable and cash guarantees | 285/8 | €59,400 | €53,110 | -€6,290 | -10.6% |
| Current assets | 29/58 | €1,406,191 | €1,121,759 | -€284,432 | -20.2% |
| Stocks and contracts in progress | 3 | €14,964 | €57,932 | +€42,967 | +287% |
| Stocks | 30/36 | €14,964 | €57,932 | +€42,967 | +287% |
| Goods purchased for resale | 34 | €14,964 | €57,932 | +€42,967 | +287% |
| Amounts receivable within one year | 40/41 | €915,784 | €721,111 | -€194,674 | -21.3% |
| Trade receivables | 40 | €914,702 | €700,490 | -€214,213 | -23.4% |
| Other amounts receivable | 41 | €1,082 | €20,621 | +€19,539 | +1,806% |
| Cash at bank and in hand | 54/58 | €458,539 | €324,588 | -€133,951 | -29.2% |
| Deferred charges and accrued income | 490/1 | €16,904 | €18,129 | +€1,225 | +7.2% |
| Total equity and liabilities | 10/49 | €1,598,686 | €1,296,656 | -€302,030 | -18.9% |
| Equity | 10/15 | €582,227 | €599,252 | +€17,025 | +2.9% |
| Contributions | 10/11 | €1,298,592 | €1,298,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€716,365 | -€699,340 | +€17,025 | +2.4% |
| Amounts payable | 17/49 | €1,016,459 | €697,404 | -€319,055 | -31.4% |
| Amounts payable after more than one year | 17 | €490,595 | €315,595 | -€175,000 | -35.7% |
| Financial debts | 170/4 | €490,595 | €315,595 | -€175,000 | -35.7% |
| Subordinated loans | 170 | €490,595 | €315,595 | -€175,000 | -35.7% |
| Amounts payable within one year | 42/48 | €520,489 | €381,809 | -€138,680 | -26.6% |
| Trade debts | 44 | €300,344 | €199,842 | -€100,502 | -33.5% |
| Suppliers | 440/4 | €300,344 | €199,842 | -€100,502 | -33.5% |
| Taxes, remuneration and social security | 45 | €220,145 | €181,967 | -€38,178 | -17.3% |
| Taxes | 450/3 | €87,581 | €55,327 | -€32,254 | -36.8% |
| Remuneration and social security | 454/9 | €132,564 | €126,640 | -€5,924 | -4.5% |
| Accrued charges and deferred income | 492/3 | €5,376 | €0 | -€5,376 | -100% |
| Operating income | 70/76A | €2,634,091 | €2,627,219 | -€6,872 | -0.3% |
| Turnover | 70 | €2,621,322 | €2,616,599 | -€4,723 | -0.2% |
| Other operating income | 74 | €12,768 | €10,619 | -€2,149 | -16.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €2,432,881 | €2,581,600 | +€148,719 | +6.1% |
| Goods for resale, raw materials and consumables | 60 | €1,251,410 | €1,443,245 | +€191,835 | +15.3% |
| Purchases | 600/8 | €1,251,410 | €1,443,245 | +€191,835 | +15.3% |
| Services and other goods | 61 | €328,771 | €338,444 | +€9,673 | +2.9% |
| Remuneration, social security and pensions | 62 | €821,920 | €761,224 | -€60,696 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,019 | €16,696 | +€2,676 | +19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,797 | €6,316 | +€3,519 | +126% |
| Other operating charges | 640/8 | €13,964 | €15,673 | +€1,709 | +12.2% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Operating profit (loss) | 9901 | €201,210 | €45,618 | -€155,591 | -77.3% |
| Financial income | 75/76B | €92 | €5 | -€87 | -95.0% |
| Recurring financial income | 75 | €92 | €5 | -€87 | -95.0% |
| Other financial income | 752/9 | €92 | €5 | -€87 | -95.0% |
| Financial charges | 65/66B | €30,375 | €27,583 | -€2,791 | -9.2% |
| Recurring financial charges | 65 | €30,375 | €27,583 | -€2,791 | -9.2% |
| Debt charges | 650 | €28,303 | €24,669 | -€3,635 | -12.8% |
| Other financial charges | 652/9 | €2,072 | €2,915 | +€843 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €170,926 | €18,039 | -€152,887 | -89.4% |
| Income taxes | 67/77 | €1,047 | €1,014 | -€33 | -3.1% |
| Taxes | 670/3 | €1,047 | €1,014 | -€33 | -3.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €169,880 | €17,025 | -€152,855 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €169,880 | €17,025 | -€152,855 | -90.0% |
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 25 October 2026 via checked.be.