ERCAN: 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.
ERCAN
Largest movements
- Cash -€10,560
down €10,560 (-88.5%), from €11,928 to €1,368
mainly Other debts (-€8,350) and Net result for the year (-€4,484)
- Deferred charges and accrued income -€1,465
down €1,465 (-26.5%), from €5,532 to €4,067
- Tangible fixed assets -€437
down €437 (-35.0%), from €1,248 to €811
- Other debts -€8,350
down €8,350 (-47.6%), from €17,538 to €9,188
- Profit (loss) carried forward -€4,484
down €4,484 (-36.1%), from -€12,430 to -€16,913
- Trade debts +€362
up €362 (+90.6%), from €400 to €762
- Gross operating margin -€21,638
down €21,638, from €21,307 to -€331
- Other operating charges -€1,325
down €1,325 (-27.1%), from €4,894 to €3,569
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 | €19,469 | €6,992 | -€12,477 | -64.1% |
| Fixed assets | 21/28 | €1,338 | €901 | -€437 | -32.6% |
| Tangible fixed assets | 22/27 | €1,248 | €811 | -€437 | -35.0% |
| Plant, machinery and equipment | 23 | €1,248 | €811 | -€437 | -35.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €18,131 | €6,091 | -€12,040 | -66.4% |
| Stocks and contracts in progress | 3 | €647 | €636 | -€11 | -1.7% |
| Stocks | 30/36 | €647 | €636 | -€11 | -1.7% |
| Amounts receivable within one year | 40/41 | €24 | €20 | -€4 | -16.0% |
| Other amounts receivable | 41 | €24 | €20 | -€4 | -16.0% |
| Cash at bank and in hand | 54/58 | €11,928 | €1,368 | -€10,560 | -88.5% |
| Deferred charges and accrued income | 490/1 | €5,532 | €4,067 | -€1,465 | -26.5% |
| Total equity and liabilities | 10/49 | €19,469 | €6,992 | -€12,477 | -64.1% |
| Equity | 10/15 | -€30 | -€4,513 | -€4,484 | -15122.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,430 | -€16,913 | -€4,484 | -36.1% |
| Amounts payable | 17/49 | €19,499 | €11,506 | -€7,993 | -41.0% |
| Amounts payable within one year | 42/48 | €19,476 | €11,506 | -€7,970 | -40.9% |
| Trade debts | 44 | €400 | €762 | +€362 | +90.6% |
| Suppliers | 440/4 | €400 | €762 | +€362 | +90.6% |
| Taxes, remuneration and social security | 45 | €1,538 | €1,556 | +€18 | +1.2% |
| Taxes | 450/3 | €1,538 | €1,556 | +€18 | +1.2% |
| Other amounts payable | 47/48 | €17,538 | €9,188 | -€8,350 | -47.6% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €437 | -€149 | -25.4% |
| Other operating charges | 640/8 | €4,894 | €3,569 | -€1,325 | -27.1% |
| Gross operating margin | 9900 | €21,307 | -€331 | -€21,638 | |
| Operating profit (loss) | 9901 | €15,827 | -€4,338 | -€20,165 | |
| Financial charges | 65/66B | €236 | €146 | -€90 | -38.2% |
| Recurring financial charges | 65 | €236 | €146 | -€90 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €15,591 | -€4,484 | -€20,074 | |
| Profit (loss) for the period | 9904 | €15,591 | -€4,484 | -€20,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,591 | -€4,484 | -€20,074 |
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 9 October 2026 via checked.be.