ERBIUM: 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.
ERBIUM
Largest movements
- Current investments +€65,000
up €65,000 (+433.3%), from €15,000 to €80,000
- Receivables within one year -€14,700
down €14,700 (-68.7%), from €21,385 to €6,685
of which Trade receivables: -€16,689
- Cash +€13,442
up €13,442 (+14.4%), from €93,238 to €106,680
mainly Net result for the year (+€58,206) and Receivables within one year (+€14,700)
- Reserves +€179,203
new in 2025: €179,203
- Profit (loss) carried forward -€120,997
down €120,997 (-100.0%), from €120,997 to €0
- Trade debts +€2,808
up €2,808 (+660.7%), from €425 to €3,233
- Contributions +€2,000
new in 2025: €2,000
- Gross operating margin -€71,443
down €71,443 (-46.7%), from €153,029 to €81,586
- Taxes -€7,323
down €7,323 (-24.1%), from €30,333 to €23,010
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 | €132,586 | €195,867 | +€63,281 | +47.7% |
| Fixed assets | 21/28 | €2,963 | €2,501 | -€462 | -15.6% |
| Tangible fixed assets | 22/27 | €2,963 | €2,501 | -€462 | -15.6% |
| Land and buildings | 22 | €1,013 | €900 | -€113 | -11.1% |
| Plant, machinery and equipment | 23 | €1,640 | €1,456 | -€184 | -11.2% |
| Furniture and vehicles | 24 | €310 | €145 | -€165 | -53.2% |
| Current assets | 29/58 | €129,623 | €193,365 | +€63,742 | +49.2% |
| Amounts receivable within one year | 40/41 | €21,385 | €6,685 | -€14,700 | -68.7% |
| Trade receivables | 40 | €21,385 | €4,696 | -€16,689 | -78.0% |
| Other amounts receivable | 41 | - | €1,990 | +€1,990 | |
| Current investments | 50/53 | €15,000 | €80,000 | +€65,000 | +433.3% |
| Cash at bank and in hand | 54/58 | €93,238 | €106,680 | +€13,442 | +14.4% |
| Total equity and liabilities | 10/49 | €132,586 | €195,867 | +€63,281 | +47.7% |
| Equity | 10/15 | €120,997 | €181,203 | +€60,206 | +49.8% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Reserves | 13 | - | €179,203 | +€179,203 | |
| Distributable reserves | 133 | - | €179,203 | +€179,203 | |
| Profit (loss) carried forward | 14 | €120,997 | €0 | -€120,997 | -100.0% |
| Amounts payable | 17/49 | €11,589 | €14,664 | +€3,075 | +26.5% |
| Amounts payable within one year | 42/48 | €11,589 | €14,528 | +€2,939 | +25.4% |
| Trade debts | 44 | €425 | €3,233 | +€2,808 | +660.7% |
| Suppliers | 440/4 | €425 | €3,233 | +€2,808 | +660.7% |
| Taxes, remuneration and social security | 45 | €11,164 | €11,220 | +€56 | +0.5% |
| Taxes | 450/3 | €11,164 | €11,220 | +€56 | +0.5% |
| Other amounts payable | 47/48 | - | €75 | +€75 | |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Remuneration, social security and pensions | 62 | €552 | - | -€552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €462 | -€37 | -7.5% |
| Other operating charges | 640/8 | €648 | €150 | -€498 | -76.9% |
| Gross operating margin | 9900 | €153,029 | €81,586 | -€71,443 | -46.7% |
| Operating profit (loss) | 9901 | €151,330 | €80,975 | -€70,355 | -46.5% |
| Financial income | 75/76B | - | €292 | +€292 | |
| Recurring financial income | 75 | - | €292 | +€292 | |
| Financial charges | 65/66B | - | €51 | +€51 | |
| Recurring financial charges | 65 | - | €51 | +€51 | |
| Profit (loss) for the period before taxes | 9903 | €151,330 | €81,216 | -€70,114 | -46.3% |
| Income taxes | 67/77 | €30,333 | €23,010 | -€7,323 | -24.1% |
| Profit (loss) for the period | 9904 | €120,997 | €58,206 | -€62,791 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,997 | €58,206 | -€62,791 | -51.9% |
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 8 October 2026 via checked.be.