Ercan Group: 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 Group
Largest movements
- Receivables within one year -€3,221
down €3,221 (-9.2%), from €35,076 to €31,856
of which Trade receivables: -€3,291
- Cash +€1,496
up €1,496 (+139.8%), from €1,070 to €2,566
mainly Net result for the year (+€7,422) and Tax, wage and social debts (+€3,916)
- Tangible fixed assets -€771
down €771 (-70.7%), from €1,090 to €319
- Advances received -€12,500
down €12,500 (-92.6%), from €13,500 to €1,000
- Reserves +€6,563
up €6,563 (+119.2%), from €5,504 to €12,067
- Tax, wage and social debts +€3,916
up €3,916 (+66.3%), from €5,904 to €9,820
of which Remuneration and social security: +€2,348
- Trade debts -€1,333
down €1,333 (-35.9%), from €3,717 to €2,384
- Other debts +€859
up €859 (+14.1%), from €6,112 to €6,971
- Gross operating margin -€1,883
down €1,883 (-10.0%), from €18,921 to €17,038
- Other operating charges -€1,386
down €1,386 (-54.0%), from €2,566 to €1,180
- Financial charges -€1,039
down €1,039 (-17.4%), from €5,982 to €4,943
- Taxes +€703
up €703 (+31.7%), from €2,219 to €2,922
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 | €37,237 | €34,741 | -€2,495 | -6.7% |
| Fixed assets | 21/28 | €1,090 | €319 | -€771 | -70.7% |
| Tangible fixed assets | 22/27 | €1,090 | €319 | -€771 | -70.7% |
| Furniture and vehicles | 24 | €1,090 | €319 | -€771 | -70.7% |
| Current assets | 29/58 | €36,146 | €34,422 | -€1,724 | -4.8% |
| Amounts receivable within one year | 40/41 | €35,076 | €31,856 | -€3,221 | -9.2% |
| Trade receivables | 40 | €31,476 | €28,185 | -€3,291 | -10.5% |
| Other amounts receivable | 41 | €3,600 | €3,671 | +€71 | +2.0% |
| Cash at bank and in hand | 54/58 | €1,070 | €2,566 | +€1,496 | +139.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €37,237 | €34,741 | -€2,495 | -6.7% |
| Equity | 10/15 | €8,004 | €14,567 | +€6,563 | +82.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,504 | €12,067 | +€6,563 | +119.2% |
| Distributable reserves | 133 | €5,504 | €12,067 | +€6,563 | +119.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,233 | €20,174 | -€9,058 | -31.0% |
| Amounts payable within one year | 42/48 | €29,233 | €20,174 | -€9,058 | -31.0% |
| Trade debts | 44 | €3,717 | €2,384 | -€1,333 | -35.9% |
| Suppliers | 440/4 | €3,717 | €2,384 | -€1,333 | -35.9% |
| Advances received on contracts in progress | 46 | €13,500 | €1,000 | -€12,500 | -92.6% |
| Taxes, remuneration and social security | 45 | €5,904 | €9,820 | +€3,916 | +66.3% |
| Taxes | 450/3 | €5,904 | €7,471 | +€1,568 | +26.6% |
| Remuneration and social security | 454/9 | - | €2,348 | +€2,348 | |
| Other amounts payable | 47/48 | €6,112 | €6,971 | +€859 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €771 | -€8 | -1.0% |
| Other operating charges | 640/8 | €2,566 | €1,180 | -€1,386 | -54.0% |
| Gross operating margin | 9900 | €18,921 | €17,038 | -€1,883 | -10.0% |
| Operating profit (loss) | 9901 | €15,575 | €15,087 | -€488 | -3.1% |
| Financial income | 75/76B | €254 | €200 | -€54 | -21.3% |
| Recurring financial income | 75 | €254 | €200 | -€54 | -21.3% |
| Financial charges | 65/66B | €5,982 | €4,943 | -€1,039 | -17.4% |
| Recurring financial charges | 65 | €5,982 | €4,943 | -€1,039 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €9,847 | €10,344 | +€497 | +5.0% |
| Income taxes | 67/77 | €2,219 | €2,922 | +€703 | +31.7% |
| Profit (loss) for the period | 9904 | €7,628 | €7,422 | -€206 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,628 | €7,422 | -€206 | -2.7% |
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 3 October 2026 via checked.be.