ERC PLAFONNAGE: 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 PLAFONNAGE
Largest movements
- Cash +€14,899
up €14,899 (+339%), from €4,392 to €19,291
mainly Tax, wage and social debts (+€22,295) and Receivables within one year (+€10,980)
- Receivables within one year -€10,980
down €10,980 (-79.4%), from €13,835 to €2,855
of which Trade receivables: -€7,454
- Tangible fixed assets -€7,633
down €7,633 (-45.7%), from €16,708 to €9,075
of which Furniture and vehicles: -€8,457
- Deferred charges and accrued income -€2,058
down €2,058 (-85.3%), from €2,413 to €355
- Stocks and contracts -€1,677
down €1,677 (-100%), from €1,677 to €0
- Profit (loss) carried forward -€27,186
down €27,186 (-387%), from -€7,021 to -€34,207
- Tax, wage and social debts +€22,295
up €22,295 (+125%), from €17,805 to €40,099
of which Remuneration and social security: +€23,325
- Debts after one year -€6,517
down €6,517 (-55.9%), from €11,662 to €5,145
- Trade debts +€6,176
up €6,176 (+281%), from €2,198 to €8,374
- Other debts -€2,587
down €2,587 (-45.1%), from €5,735 to €3,148
- Gross operating margin -€21,608
down €21,608 (-22.9%), from €94,409 to €72,800
- Purchases and services -€8,755
down €8,755 (-4.9%), from €179,617 to €170,862
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 | €39,025 | €31,576 | -€7,449 | -19.1% |
| Fixed assets | 21/28 | €16,708 | €9,075 | -€7,633 | -45.7% |
| Tangible fixed assets | 22/27 | €16,708 | €9,075 | -€7,633 | -45.7% |
| Plant, machinery and equipment | 23 | €1,989 | €1,482 | -€507 | -25.5% |
| Furniture and vehicles | 24 | €14,719 | €6,262 | -€8,457 | -57.5% |
| Leasing and similar rights | 25 | - | €1,331 | +€1,331 | |
| Current assets | 29/58 | €22,317 | €22,501 | +€184 | +0.8% |
| Stocks and contracts in progress | 3 | €1,677 | €0 | -€1,677 | -100% |
| Stocks | 30/36 | €1,677 | €0 | -€1,677 | -100% |
| Amounts receivable within one year | 40/41 | €13,835 | €2,855 | -€10,980 | -79.4% |
| Trade receivables | 40 | €8,515 | €1,061 | -€7,454 | -87.5% |
| Other amounts receivable | 41 | €5,320 | €1,794 | -€3,526 | -66.3% |
| Cash at bank and in hand | 54/58 | €4,392 | €19,291 | +€14,899 | +339% |
| Deferred charges and accrued income | 490/1 | €2,413 | €355 | -€2,058 | -85.3% |
| Total equity and liabilities | 10/49 | €39,025 | €31,576 | -€7,449 | -19.1% |
| Equity | 10/15 | -€4,521 | -€31,707 | -€27,186 | -601% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,021 | -€34,207 | -€27,186 | -387% |
| Amounts payable | 17/49 | €43,546 | €63,284 | +€19,738 | +45.3% |
| Amounts payable after more than one year | 17 | €11,662 | €5,145 | -€6,517 | -55.9% |
| Financial debts | 170/4 | €11,662 | €5,145 | -€6,517 | -55.9% |
| Amounts payable within one year | 42/48 | €31,884 | €58,139 | +€26,255 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €6,146 | €6,517 | +€371 | +6.0% |
| Trade debts | 44 | €2,198 | €8,374 | +€6,176 | +281% |
| Suppliers | 440/4 | €2,198 | €8,374 | +€6,176 | +281% |
| Taxes, remuneration and social security | 45 | €17,805 | €40,099 | +€22,295 | +125% |
| Taxes | 450/3 | €4,267 | €3,237 | -€1,030 | -24.1% |
| Remuneration and social security | 454/9 | €13,538 | €36,863 | +€23,325 | +172% |
| Other amounts payable | 47/48 | €5,735 | €3,148 | -€2,587 | -45.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,617 | €170,862 | -€8,755 | -4.9% |
| Remuneration, social security and pensions | 62 | €86,874 | €87,559 | +€685 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,915 | €9,268 | +€353 | +4.0% |
| Other operating charges | 640/8 | €2,579 | €1,948 | -€632 | -24.5% |
| Gross operating margin | 9900 | €94,409 | €72,800 | -€21,608 | -22.9% |
| Operating profit (loss) | 9901 | -€3,959 | -€25,974 | -€22,015 | -556% |
| Financial income | 75/76B | €54 | €0 | -€54 | -100.0% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -100.0% |
| Financial charges | 65/66B | €1,437 | €1,025 | -€411 | -28.6% |
| Recurring financial charges | 65 | €1,437 | €1,025 | -€411 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,342 | -€26,999 | -€21,657 | -405% |
| Income taxes | 67/77 | €465 | €187 | -€278 | -59.8% |
| Profit (loss) for the period | 9904 | -€5,807 | -€27,186 | -€21,379 | -368% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,807 | -€27,186 | -€21,379 | -368% |
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 20 October 2026 via checked.be.