ERBICO: 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.
ERBICO
Largest movements
- Cash +€893,228
up €893,228 (+197%), from €452,354 to €1.3m
mainly Current investments (+€600,000) and Net result for the year (+€345,970)
- Current investments -€600,000
down €600,000 (-100%), from €600,000 to €0
- Tangible fixed assets -€295,965
down €295,965 (-37.8%), from €783,200 to €487,235
of which Land and buildings: -€263,684
- Receivables within one year +€20,016
up €20,016 (+31.8%), from €62,971 to €82,987
of which Trade receivables: +€20,024
- Reserves +€107,566
up €107,566 (+6.5%), from €1.7m to €1.8m
- Other debts -€102,614
down €102,614 (-49.9%), from €205,454 to €102,840
- Gross operating margin -€12,283
down €12,283 (-2.3%), from €527,553 to €515,269
- Depreciation -€6,432
down €6,432 (-16.6%), from €38,713 to €32,281
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,931,162 | €1,940,292 | +€9,130 | +0.5% |
| Fixed assets | 21/28 | €783,353 | €487,235 | -€296,118 | -37.8% |
| Tangible fixed assets | 22/27 | €783,200 | €487,235 | -€295,965 | -37.8% |
| Land and buildings | 22 | €658,634 | €394,950 | -€263,684 | -40.0% |
| Plant, machinery and equipment | 23 | €2,186 | €1,704 | -€482 | -22.1% |
| Furniture and vehicles | 24 | €122,380 | €90,582 | -€31,799 | -26.0% |
| Financial fixed assets | 28 | €153 | €0 | -€153 | -100% |
| Current assets | 29/58 | €1,147,809 | €1,453,056 | +€305,248 | +26.6% |
| Amounts receivable within one year | 40/41 | €62,971 | €82,987 | +€20,016 | +31.8% |
| Trade receivables | 40 | €62,955 | €82,979 | +€20,024 | +31.8% |
| Other amounts receivable | 41 | €16 | €9 | -€8 | -47.2% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100% |
| Cash at bank and in hand | 54/58 | €452,354 | €1,345,582 | +€893,228 | +197% |
| Deferred charges and accrued income | 490/1 | €32,483 | €24,487 | -€7,996 | -24.6% |
| Total equity and liabilities | 10/49 | €1,931,162 | €1,940,292 | +€9,130 | +0.5% |
| Equity | 10/15 | €1,671,434 | €1,779,000 | +€107,566 | +6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,651,434 | €1,759,000 | +€107,566 | +6.5% |
| Distributable reserves | 133 | €1,651,434 | €1,759,000 | +€107,566 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,728 | €161,292 | -€98,437 | -37.9% |
| Amounts payable after more than one year | 17 | €100 | €0 | -€100 | -100% |
| Other amounts payable | 178/9 | €100 | €0 | -€100 | -100% |
| Amounts payable within one year | 42/48 | €259,628 | €161,292 | -€98,337 | -37.9% |
| Trade debts | 44 | €3,633 | €2,742 | -€891 | -24.5% |
| Suppliers | 440/4 | €3,633 | €2,742 | -€891 | -24.5% |
| Taxes, remuneration and social security | 45 | €50,542 | €55,710 | +€5,168 | +10.2% |
| Taxes | 450/3 | €50,542 | €55,710 | +€5,168 | +10.2% |
| Other amounts payable | 47/48 | €205,454 | €102,840 | -€102,614 | -49.9% |
| Non-recurring operating income | 76A | €12,149 | €59,292 | +€47,144 | +388% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,713 | €32,281 | -€6,432 | -16.6% |
| Other operating charges | 640/8 | €5,540 | €4,320 | -€1,221 | -22.0% |
| Gross operating margin | 9900 | €527,553 | €515,269 | -€12,283 | -2.3% |
| Operating profit (loss) | 9901 | €483,300 | €478,669 | -€4,631 | -1.0% |
| Financial income | 75/76B | €14,063 | €17,541 | +€3,478 | +24.7% |
| Recurring financial income | 75 | €14,063 | €17,541 | +€3,478 | +24.7% |
| Financial charges | 65/66B | €127 | €127 | -€1 | -0.4% |
| Recurring financial charges | 65 | €127 | €127 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €497,236 | €496,083 | -€1,153 | -0.2% |
| Income taxes | 67/77 | €154,194 | €150,114 | -€4,080 | -2.6% |
| Profit (loss) for the period | 9904 | €343,042 | €345,970 | +€2,927 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €343,042 | €345,970 | +€2,927 | +0.9% |
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 15 October 2026 via checked.be.