ERCAN 58: 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 58
Largest movements
- Tangible fixed assets -€4,039
down €4,039 (-35.2%), from €11,480 to €7,442
of which Plant, machinery and equipment: -€2,499
- Cash +€888
up €888 (+42.2%), from €2,105 to €2,992
mainly Other debts (+€10,256) and Depreciation (+€4,039)
- Deferred charges and accrued income -€384
down €384 (-30.8%), from €1,246 to €862
- Receivables within one year +€346
up €346 (+7.1%), from €4,886 to €5,232
of which Other amounts receivable: +€526
- Profit (loss) carried forward -€10,481
down €10,481 (-36.8%), from -€28,475 to -€38,956
- Other debts +€10,256
up €10,256 (+81.5%), from €12,584 to €22,840
- Tax, wage and social debts -€2,327
down €2,327 (-20.5%), from €11,330 to €9,003
of which Remuneration and social security: -€1,806
- Trade debts -€637
down €637 (-6.9%), from €9,279 to €8,642
- Gross operating margin +€4,815
up €4,815 (+51.0%), from -€9,441 to -€4,626
- Staff costs -€3,678
down €3,678 (-97.7%), from €3,766 to €88
- Depreciation -€902
down €902 (-18.3%), from €4,940 to €4,039
- Taxes +€251
up €251 (+349.1%), from €72 to €323
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 | €19,717 | €16,528 | -€3,189 | -16.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,480 | €7,442 | -€4,039 | -35.2% |
| Tangible fixed assets | 22/27 | €11,480 | €7,442 | -€4,039 | -35.2% |
| Plant, machinery and equipment | 23 | €8,258 | €5,759 | -€2,499 | -30.3% |
| Furniture and vehicles | 24 | €3,223 | €1,683 | -€1,540 | -47.8% |
| Current assets | 29/58 | €8,237 | €9,087 | +€850 | +10.3% |
| Amounts receivable within one year | 40/41 | €4,886 | €5,232 | +€346 | +7.1% |
| Trade receivables | 40 | €4,578 | €4,398 | -€180 | -3.9% |
| Other amounts receivable | 41 | €308 | €834 | +€526 | +171.0% |
| Cash at bank and in hand | 54/58 | €2,105 | €2,992 | +€888 | +42.2% |
| Deferred charges and accrued income | 490/1 | €1,246 | €862 | -€384 | -30.8% |
| Total equity and liabilities | 10/49 | €19,717 | €16,528 | -€3,189 | -16.2% |
| Equity | 10/15 | -€13,475 | -€23,956 | -€10,481 | -77.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,475 | -€38,956 | -€10,481 | -36.8% |
| Amounts payable | 17/49 | €33,193 | €40,485 | +€7,292 | +22.0% |
| Amounts payable within one year | 42/48 | €33,193 | €40,485 | +€7,292 | +22.0% |
| Trade debts | 44 | €9,279 | €8,642 | -€637 | -6.9% |
| Suppliers | 440/4 | €9,279 | €8,642 | -€637 | -6.9% |
| Taxes, remuneration and social security | 45 | €11,330 | €9,003 | -€2,327 | -20.5% |
| Taxes | 450/3 | €4,545 | €4,025 | -€520 | -11.4% |
| Remuneration and social security | 454/9 | €6,785 | €4,979 | -€1,806 | -26.6% |
| Other amounts payable | 47/48 | €12,584 | €22,840 | +€10,256 | +81.5% |
| Remuneration, social security and pensions | 62 | €3,766 | €88 | -€3,678 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,940 | €4,039 | -€902 | -18.3% |
| Other operating charges | 640/8 | €1,063 | €1,013 | -€50 | -4.7% |
| Gross operating margin | 9900 | -€9,441 | -€4,626 | +€4,815 | +51.0% |
| Operating profit (loss) | 9901 | -€19,209 | -€9,765 | +€9,444 | +49.2% |
| Financial charges | 65/66B | €344 | €392 | +€48 | +14.0% |
| Recurring financial charges | 65 | €344 | €392 | +€48 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,554 | -€10,158 | +€9,396 | +48.1% |
| Income taxes | 67/77 | €72 | €323 | +€251 | +349.1% |
| Profit (loss) for the period | 9904 | -€19,626 | -€10,481 | +€9,145 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,626 | -€10,481 | +€9,145 | +46.6% |
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.