ERBIVO: 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.
ERBIVO
Largest movements
- Cash +€214,533
up €214,533 (+136%), from €157,691 to €372,224
mainly Net result for the year (+€124,332) and Receivables within one year (+€85,275)
- Receivables within one year -€85,275
down €85,275 (-25.9%), from €328,738 to €243,463
of which Trade receivables: -€76,486
- Tangible fixed assets -€68,397
down €68,397 (-18.6%), from €366,973 to €298,577
of which Furniture and vehicles: -€38,113
- Trade debts +€67,900
up €67,900 (+159%), from €42,780 to €110,680
- Profit (loss) carried forward +€24,332
up €24,332 (+92.9%), from €26,185 to €50,518
- Debts after one year -€17,240
down €17,240 (-32.1%), from €53,736 to €36,496
- Tax, wage and social debts -€14,363
down €14,363 (-23.9%), from €60,129 to €45,766
of which Remuneration and social security: -€9,066
- Current portion of long-term debt -€13,140
down €13,140 (-43.3%), from €30,380 to €17,240
- Gross operating margin +€35,244
up €35,244 (+7.8%), from €449,889 to €485,133
- Taxes +€28,013
up €28,013 (+357%), from €7,855 to €35,868
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 | €1,024,441 | €1,069,950 | +€45,509 | +4.4% |
| Fixed assets | 21/28 | €372,873 | €299,934 | -€72,938 | -19.6% |
| Intangible fixed assets | 21 | €5,769 | €1,227 | -€4,542 | -78.7% |
| Tangible fixed assets | 22/27 | €366,973 | €298,577 | -€68,397 | -18.6% |
| Plant, machinery and equipment | 23 | €9,131 | €6,578 | -€2,553 | -28.0% |
| Furniture and vehicles | 24 | €143,007 | €104,893 | -€38,113 | -26.7% |
| Other tangible fixed assets | 26 | €214,836 | €187,106 | -€27,730 | -12.9% |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €651,568 | €770,015 | +€118,447 | +18.2% |
| Stocks and contracts in progress | 3 | €154,745 | €146,117 | -€8,628 | -5.6% |
| Stocks | 30/36 | €154,745 | €146,117 | -€8,628 | -5.6% |
| Amounts receivable within one year | 40/41 | €328,738 | €243,463 | -€85,275 | -25.9% |
| Trade receivables | 40 | €318,876 | €242,391 | -€76,486 | -24.0% |
| Other amounts receivable | 41 | €9,862 | €1,073 | -€8,789 | -89.1% |
| Cash at bank and in hand | 54/58 | €157,691 | €372,224 | +€214,533 | +136% |
| Deferred charges and accrued income | 490/1 | €10,394 | €8,211 | -€2,183 | -21.0% |
| Total equity and liabilities | 10/49 | €1,024,441 | €1,069,950 | +€45,509 | +4.4% |
| Equity | 10/15 | €740,546 | €764,879 | +€24,332 | +3.3% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Capital | 10 | €83,000 | €83,000 | = | 0.0% |
| Issued capital | 100 | €83,000 | €83,000 | = | 0.0% |
| Reserves | 13 | €631,361 | €631,361 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,300 | €8,300 | = | 0.0% |
| Legal reserve | 130 | €8,300 | €8,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €620,561 | €620,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,185 | €50,518 | +€24,332 | +92.9% |
| Amounts payable | 17/49 | €283,894 | €305,071 | +€21,177 | +7.5% |
| Amounts payable after more than one year | 17 | €53,736 | €36,496 | -€17,240 | -32.1% |
| Financial debts | 170/4 | €53,736 | €36,496 | -€17,240 | -32.1% |
| Amounts payable within one year | 42/48 | €230,158 | €268,575 | +€38,417 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €30,380 | €17,240 | -€13,140 | -43.3% |
| Financial debts | 43 | €142 | €142 | = | 0.0% |
| Credit institutions | 430/8 | €142 | €142 | = | 0.0% |
| Trade debts | 44 | €42,780 | €110,680 | +€67,900 | +159% |
| Suppliers | 440/4 | €42,780 | €110,680 | +€67,900 | +159% |
| Taxes, remuneration and social security | 45 | €60,129 | €45,766 | -€14,363 | -23.9% |
| Taxes | 450/3 | €31,082 | €25,786 | -€5,297 | -17.0% |
| Remuneration and social security | 454/9 | €29,046 | €19,980 | -€9,066 | -31.2% |
| Other amounts payable | 47/48 | €96,727 | €94,747 | -€1,981 | -2.0% |
| Non-recurring operating income | 76A | €35,537 | - | -€35,537 | |
| Remuneration, social security and pensions | 62 | €245,592 | €243,312 | -€2,280 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,568 | €72,938 | -€630 | -0.9% |
| Other operating charges | 640/8 | €1,854 | €2,151 | +€296 | +16.0% |
| Non-recurring operating charges | 66A | €28 | €355 | +€327 | +1,166% |
| Gross operating margin | 9900 | €449,889 | €485,133 | +€35,244 | +7.8% |
| Operating profit (loss) | 9901 | €128,846 | €166,377 | +€37,531 | +29.1% |
| Financial income | 75/76B | €1,540 | €676 | -€864 | -56.1% |
| Recurring financial income | 75 | €1,540 | €676 | -€864 | -56.1% |
| Financial charges | 65/66B | €6,346 | €6,853 | +€507 | +8.0% |
| Recurring financial charges | 65 | €6,346 | €6,853 | +€507 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €124,041 | €160,200 | +€36,159 | +29.2% |
| Income taxes | 67/77 | €7,855 | €35,868 | +€28,013 | +357% |
| Profit (loss) for the period | 9904 | €116,185 | €124,332 | +€8,147 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,185 | €124,332 | +€8,147 | +7.0% |
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.