ERCATEC: 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.
ERCATEC
Largest movements
- Tangible fixed assets +€33,615
up €33,615 (+30.4%), from €110,695 to €144,310
of which Plant, machinery and equipment: +€34,967
- Cash -€27,771
down €27,771 (-68.5%), from €40,532 to €12,761
mainly Investment in fixed assets (net) (-€76,273) and Trade debts (-€54,482)
- Intangible fixed assets -€7,200
no longer reported in 2025 (was €7,200)
- Deferred charges and accrued income -€5,682
down €5,682 (-82.5%), from €6,887 to €1,205
- Receivables within one year +€5,583
up €5,583 (+28.0%), from €19,945 to €25,528
of which Trade receivables: +€5,732
- Trade debts -€54,482
down €54,482 (-77.2%), from €70,597 to €16,116
- Debts after one year +€20,667
up €20,667 (+134.1%), from €15,410 to €36,077
- Tax, wage and social debts +€20,300
up €20,300 (+494.3%), from €4,107 to €24,407
of which Taxes: +€12,657
- Profit (loss) carried forward +€13,855
up €13,855 (+19.3%), from €71,725 to €85,580
- Other debts +€3,654
up €3,654 (+119.7%), from €3,054 to €6,707
- Gross operating margin +€47,524
up €47,524 (+60.5%), from €78,613 to €126,138
- Staff costs +€13,334
up €13,334 (+77.9%), from €17,123 to €30,457
- Depreciation +€8,254
up €8,254 (+19.8%), from €41,604 to €49,858
- Taxes +€5,739
up €5,739 (+244.3%), from €2,349 to €8,088
- Financial charges +€5,735
up €5,735 (+191.7%), from €2,991 to €8,726
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 | €210,992 | €214,371 | +€3,379 | +1.6% |
| Fixed assets | 21/28 | €127,075 | €153,490 | +€26,415 | +20.8% |
| Intangible fixed assets | 21 | €7,200 | - | -€7,200 | |
| Tangible fixed assets | 22/27 | €110,695 | €144,310 | +€33,615 | +30.4% |
| Plant, machinery and equipment | 23 | - | €34,967 | +€34,967 | |
| Furniture and vehicles | 24 | €13,914 | €9,114 | -€4,800 | -34.5% |
| Leasing and similar rights | 25 | €49,726 | €24,451 | -€25,274 | -50.8% |
| Other tangible fixed assets | 26 | €47,055 | €75,778 | +€28,723 | +61.0% |
| Financial fixed assets | 28 | €9,180 | €9,180 | = | 0.0% |
| Current assets | 29/58 | €83,917 | €60,881 | -€23,036 | -27.5% |
| Stocks and contracts in progress | 3 | €13,880 | €18,715 | +€4,835 | +34.8% |
| Stocks | 30/36 | €13,880 | €18,715 | +€4,835 | +34.8% |
| Amounts receivable within one year | 40/41 | €19,945 | €25,528 | +€5,583 | +28.0% |
| Trade receivables | 40 | €18,003 | €23,735 | +€5,732 | +31.8% |
| Other amounts receivable | 41 | €1,942 | €1,793 | -€150 | -7.7% |
| Current investments | 50/53 | €2,672 | €2,672 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,532 | €12,761 | -€27,771 | -68.5% |
| Deferred charges and accrued income | 490/1 | €6,887 | €1,205 | -€5,682 | -82.5% |
| Total equity and liabilities | 10/49 | €210,992 | €214,371 | +€3,379 | +1.6% |
| Equity | 10/15 | €96,725 | €110,580 | +€13,855 | +14.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,725 | €85,580 | +€13,855 | +19.3% |
| Amounts payable | 17/49 | €114,266 | €103,791 | -€10,476 | -9.2% |
| Amounts payable after more than one year | 17 | €15,410 | €36,077 | +€20,667 | +134.1% |
| Financial debts | 170/4 | €15,410 | €36,077 | +€20,667 | +134.1% |
| Amounts payable within one year | 42/48 | €98,703 | €67,714 | -€30,989 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €20,945 | €20,484 | -€461 | -2.2% |
| Trade debts | 44 | €70,597 | €16,116 | -€54,482 | -77.2% |
| Suppliers | 440/4 | €70,597 | €16,116 | -€54,482 | -77.2% |
| Taxes, remuneration and social security | 45 | €4,107 | €24,407 | +€20,300 | +494.3% |
| Taxes | 450/3 | €2,894 | €15,550 | +€12,657 | +437.4% |
| Remuneration and social security | 454/9 | €1,213 | €8,857 | +€7,643 | +629.9% |
| Other amounts payable | 47/48 | €3,054 | €6,707 | +€3,654 | +119.7% |
| Accrued charges and deferred income | 492/3 | €153 | - | -€153 | |
| Remuneration, social security and pensions | 62 | €17,123 | €30,457 | +€13,334 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,604 | €49,858 | +€8,254 | +19.8% |
| Other operating charges | 640/8 | €4,061 | €6,967 | +€2,906 | +71.6% |
| Non-recurring operating charges | 66A | €2,780 | €8,885 | +€6,105 | +219.6% |
| Gross operating margin | 9900 | €78,613 | €126,138 | +€47,524 | +60.5% |
| Operating profit (loss) | 9901 | €13,046 | €29,971 | +€16,925 | +129.7% |
| Financial income | 75/76B | €722 | €698 | -€24 | -3.3% |
| Recurring financial income | 75 | €722 | €698 | -€24 | -3.3% |
| Financial charges | 65/66B | €2,991 | €8,726 | +€5,735 | +191.7% |
| Recurring financial charges | 65 | €2,991 | €8,726 | +€5,735 | +191.7% |
| Profit (loss) for the period before taxes | 9903 | €10,776 | €21,943 | +€11,167 | +103.6% |
| Income taxes | 67/77 | €2,349 | €8,088 | +€5,739 | +244.3% |
| Profit (loss) for the period | 9904 | €8,427 | €13,855 | +€5,428 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,427 | €13,855 | +€5,428 | +64.4% |
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 4 October 2026 via checked.be.