ERC: 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.
ERC
Largest movements
- Receivables within one year +€49,989
up €49,989 (+4.3%), from €1.2m to €1.2m
of which Other amounts receivable: +€49,989
- Cash -€46,315
down €46,315 (-46.3%), from €99,972 to €53,657
mainly Receivables within one year (-€49,989) and Other debts (-€24,439)
- Other debts -€24,439
down €24,439 (-99.3%), from €24,600 to €161
- Gross operating margin -€20,614
down €20,614 (-37.1%), from €55,621 to €35,006
- Other operating charges -€1,099
down €1,099 (-5.5%), from €19,909 to €18,810
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 | €1,563,410 | €1,567,084 | +€3,674 | +0.2% |
| Fixed assets | 21/28 | €312,278 | €312,278 | = | 0.0% |
| Tangible fixed assets | 22/27 | €312,278 | €312,278 | = | 0.0% |
| Land and buildings | 22 | €312,278 | €312,278 | = | 0.0% |
| Current assets | 29/58 | €1,251,132 | €1,254,806 | +€3,674 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,151,160 | €1,201,148 | +€49,989 | +4.3% |
| Trade receivables | 40 | €1,390 | €1,390 | = | 0.0% |
| Other amounts receivable | 41 | €1,149,770 | €1,199,759 | +€49,989 | +4.3% |
| Cash at bank and in hand | 54/58 | €99,972 | €53,657 | -€46,315 | -46.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,563,410 | €1,567,084 | +€3,674 | +0.2% |
| Equity | 10/15 | €1,489,718 | €1,505,180 | +€15,462 | +1.0% |
| Contributions | 10/11 | €1,252,691 | €1,252,691 | = | 0.0% |
| Capital | 10 | €1,252,691 | €1,252,691 | = | 0.0% |
| Issued capital | 100 | €1,252,691 | €1,252,691 | = | 0.0% |
| Reserves | 13 | €125,269 | €125,269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,269 | €125,269 | = | 0.0% |
| Legal reserve | 130 | €125,269 | €125,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,758 | €127,220 | +€15,462 | +13.8% |
| Amounts payable | 17/49 | €73,692 | €61,904 | -€11,788 | -16.0% |
| Amounts payable within one year | 42/48 | €26,415 | €281 | -€26,134 | -98.9% |
| Trade debts | 44 | €1,815 | €120 | -€1,695 | -93.4% |
| Suppliers | 440/4 | €1,815 | €120 | -€1,695 | -93.4% |
| Other amounts payable | 47/48 | €24,600 | €161 | -€24,439 | -99.3% |
| Accrued charges and deferred income | 492/3 | €47,277 | €61,623 | +€14,345 | +30.3% |
| Other operating charges | 640/8 | €19,909 | €18,810 | -€1,099 | -5.5% |
| Gross operating margin | 9900 | €55,621 | €35,006 | -€20,614 | -37.1% |
| Operating profit (loss) | 9901 | €35,712 | €16,196 | -€19,515 | -54.6% |
| Financial charges | 65/66B | €445 | €734 | +€290 | +65.1% |
| Recurring financial charges | 65 | €445 | €734 | +€290 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €35,267 | €15,462 | -€19,805 | -56.2% |
| Profit (loss) for the period | 9904 | €35,267 | €15,462 | -€19,805 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,267 | €15,462 | -€19,805 | -56.2% |
Source: filed annual accounts (NBB), financial years ended 28 June 2024 and 27 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.