ERCA GROENDESIGN: 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.
ERCA GROENDESIGN
Largest movements
- Cash +€31,340
up €31,340 (+77.7%), from €40,355 to €71,695
mainly Net result for the year (+€18,425) and Receivables within one year (+€7,048)
- Receivables within one year -€7,048
down €7,048 (-11.0%), from €64,275 to €57,227
of which Trade receivables: -€6,525
- Tangible fixed assets -€3,295
down €3,295 (-34.9%), from €9,440 to €6,145
of which Plant, machinery and equipment: -€2,410
- Reserves +€18,425
up €18,425 (+60.7%), from €30,352 to €48,776
- Tax, wage and social debts +€4,061
up €4,061 (+69297.6%), from €6 to €4,067
- Trade debts -€1,738
down €1,738 (-70.9%), from €2,450 to €712
- Taxes +€4,909
up €4,909 (+125.5%), from €3,912 to €8,821
- Gross operating margin +€4,065
up €4,065 (+14.4%), from €28,258 to €32,323
- Depreciation -€3,089
down €3,089 (-43.9%), from €7,041 to €3,952
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 | €114,422 | €135,420 | +€20,998 | +18.4% |
| Fixed assets | 21/28 | €9,440 | €6,145 | -€3,295 | -34.9% |
| Tangible fixed assets | 22/27 | €9,440 | €6,145 | -€3,295 | -34.9% |
| Plant, machinery and equipment | 23 | €8,460 | €6,050 | -€2,410 | -28.5% |
| Furniture and vehicles | 24 | €980 | €95 | -€886 | -90.3% |
| Current assets | 29/58 | €104,982 | €129,276 | +€24,294 | +23.1% |
| Amounts receivable within one year | 40/41 | €64,275 | €57,227 | -€7,048 | -11.0% |
| Trade receivables | 40 | €25,819 | €19,294 | -€6,525 | -25.3% |
| Other amounts receivable | 41 | €38,455 | €37,933 | -€523 | -1.4% |
| Cash at bank and in hand | 54/58 | €40,355 | €71,695 | +€31,340 | +77.7% |
| Deferred charges and accrued income | 490/1 | €352 | €354 | +€2 | +0.5% |
| Total equity and liabilities | 10/49 | €114,422 | €135,420 | +€20,998 | +18.4% |
| Equity | 10/15 | €82,475 | €100,899 | +€18,425 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,352 | €48,776 | +€18,425 | +60.7% |
| Distributable reserves | 133 | €30,352 | €48,776 | +€18,425 | +60.7% |
| Profit (loss) carried forward | 14 | €33,523 | €33,523 | = | 0.0% |
| Amounts payable | 17/49 | €31,948 | €34,521 | +€2,574 | +8.1% |
| Amounts payable within one year | 42/48 | €31,948 | €34,521 | +€2,574 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,500 | €5,500 | = | 0.0% |
| Credit institutions | 430/8 | €5,500 | €5,500 | = | 0.0% |
| Trade debts | 44 | €2,450 | €712 | -€1,738 | -70.9% |
| Suppliers | 440/4 | €2,450 | €712 | -€1,738 | -70.9% |
| Taxes, remuneration and social security | 45 | €6 | €4,067 | +€4,061 | +69297.6% |
| Taxes | 450/3 | €6 | €4,067 | +€4,061 | +69297.6% |
| Other amounts payable | 47/48 | €23,991 | €24,242 | +€251 | +1.0% |
| Non-recurring operating income | 76A | €0 | €65 | +€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,041 | €3,952 | -€3,089 | -43.9% |
| Other operating charges | 640/8 | €829 | €1,039 | +€210 | +25.3% |
| Gross operating margin | 9900 | €28,258 | €32,323 | +€4,065 | +14.4% |
| Operating profit (loss) | 9901 | €20,388 | €27,333 | +€6,945 | +34.1% |
| Financial income | 75/76B | €101 | €217 | +€116 | +115.6% |
| Recurring financial income | 75 | €101 | €217 | +€116 | +115.6% |
| Financial charges | 65/66B | €349 | €305 | -€44 | -12.5% |
| Recurring financial charges | 65 | €349 | €305 | -€44 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €20,140 | €27,245 | +€7,105 | +35.3% |
| Income taxes | 67/77 | €3,912 | €8,821 | +€4,909 | +125.5% |
| Profit (loss) for the period | 9904 | €16,229 | €18,425 | +€2,196 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,229 | €18,425 | +€2,196 | +13.5% |
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 10 October 2026 via checked.be.