ERBEE: 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.
ERBEE
Largest movements
- Tangible fixed assets -€21,067
down €21,067 (-14.2%), from €148,606 to €127,540
- Receivables within one year -€16,518
down €16,518 (-41.1%), from €40,143 to €23,625
of which Other amounts receivable: -€13,219
- Stocks and contracts +€3,197
up €3,197 (+44.3%), from €7,225 to €10,423
- Other debts +€38,983
up €38,983 (+519.8%), from €7,500 to €46,483
- Reserves -€32,875
down €32,875 (-81.7%), from €40,260 to €7,385
of which Distributable reserves: -€32,875
- Debts after one year -€25,090
down €25,090 (-35.5%), from €70,707 to €45,617
- Current portion of long-term debt -€8,124
down €8,124 (-21.4%), from €38,014 to €29,889
- Advances received -€4,500
no longer reported in 2025 (was €4,500)
- Staff costs +€4,195
new in 2025: €4,195
- Gross operating margin -€2,764
down €2,764 (-3.7%), from €75,137 to €72,374
- Taxes -€1,369
down €1,369 (-9.9%), from €13,782 to €12,413
- Depreciation +€1,247
up €1,247 (+4.7%), from €26,771 to €28,018
- Financial income -€1,026
down €1,026 (-74.6%), from €1,375 to €350
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 | €206,535 | €173,999 | -€32,536 | -15.8% |
| Fixed assets | 21/28 | €148,741 | €127,675 | -€21,067 | -14.2% |
| Tangible fixed assets | 22/27 | €148,606 | €127,540 | -€21,067 | -14.2% |
| Land and buildings | 22 | €97,733 | €92,097 | -€5,637 | -5.8% |
| Plant, machinery and equipment | 23 | €13,928 | €13,433 | -€495 | -3.6% |
| Furniture and vehicles | 24 | €24,689 | €18,210 | -€6,478 | -26.2% |
| Leasing and similar rights | 25 | €12,256 | €3,799 | -€8,457 | -69.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €57,794 | €46,324 | -€11,470 | -19.8% |
| Stocks and contracts in progress | 3 | €7,225 | €10,423 | +€3,197 | +44.3% |
| Stocks | 30/36 | €7,225 | €10,423 | +€3,197 | +44.3% |
| Amounts receivable within one year | 40/41 | €40,143 | €23,625 | -€16,518 | -41.1% |
| Trade receivables | 40 | €23,752 | €20,453 | -€3,299 | -13.9% |
| Other amounts receivable | 41 | €16,391 | €3,172 | -€13,219 | -80.6% |
| Cash at bank and in hand | 54/58 | €7,451 | €9,365 | +€1,914 | +25.7% |
| Deferred charges and accrued income | 490/1 | €2,974 | €2,911 | -€63 | -2.1% |
| Total equity and liabilities | 10/49 | €206,535 | €173,999 | -€32,536 | -15.8% |
| Equity | 10/15 | €58,860 | €25,985 | -€32,875 | -55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,260 | €7,385 | -€32,875 | -81.7% |
| Tax-exempt reserves | 132 | €5,763 | €5,763 | = | 0.0% |
| Distributable reserves | 133 | €34,497 | €1,622 | -€32,875 | -95.3% |
| Amounts payable | 17/49 | €147,675 | €148,014 | +€339 | +0.2% |
| Amounts payable after more than one year | 17 | €70,707 | €45,617 | -€25,090 | -35.5% |
| Financial debts | 170/4 | €70,707 | €45,617 | -€25,090 | -35.5% |
| Amounts payable within one year | 42/48 | €75,848 | €102,397 | +€26,548 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €38,014 | €29,889 | -€8,124 | -21.4% |
| Trade debts | 44 | €15,398 | €18,796 | +€3,398 | +22.1% |
| Suppliers | 440/4 | €15,398 | €18,796 | +€3,398 | +22.1% |
| Advances received on contracts in progress | 46 | €4,500 | - | -€4,500 | |
| Taxes, remuneration and social security | 45 | €10,437 | €7,229 | -€3,208 | -30.7% |
| Taxes | 450/3 | €10,437 | €7,229 | -€3,208 | -30.7% |
| Other amounts payable | 47/48 | €7,500 | €46,483 | +€38,983 | +519.8% |
| Accrued charges and deferred income | 492/3 | €1,120 | - | -€1,120 | |
| Remuneration, social security and pensions | 62 | - | €4,195 | +€4,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,771 | €28,018 | +€1,247 | +4.7% |
| Other operating charges | 640/8 | €613 | €1,109 | +€497 | +81.1% |
| Gross operating margin | 9900 | €75,137 | €72,374 | -€2,764 | -3.7% |
| Operating profit (loss) | 9901 | €47,754 | €39,052 | -€8,702 | -18.2% |
| Financial income | 75/76B | €1,375 | €350 | -€1,026 | -74.6% |
| Recurring financial income | 75 | €1,375 | €350 | -€1,026 | -74.6% |
| Financial charges | 65/66B | €3,926 | €3,363 | -€563 | -14.3% |
| Recurring financial charges | 65 | €3,926 | €3,363 | -€563 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €45,203 | €36,038 | -€9,165 | -20.3% |
| Income taxes | 67/77 | €13,782 | €12,413 | -€1,369 | -9.9% |
| Profit (loss) for the period | 9904 | €31,422 | €23,625 | -€7,797 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,422 | €23,625 | -€7,797 | -24.8% |
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 6 October 2026 via checked.be.