Ercatec Invest: 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.
Ercatec Invest
Largest movements
- Tangible fixed assets +€36,221
up €36,221 (+7.2%), from €501,074 to €537,295
of which Land and buildings: +€24,686
- Debts after one year +€17,987
up €17,987 (+4.0%), from €449,048 to €467,035
- Other debts +€12,451
up €12,451 (+19.5%), from €63,817 to €76,268
- Current portion of long-term debt +€9,152
up €9,152 (+57.9%), from €15,812 to €24,963
- Other operating charges -€2,921
down €2,921 (-99.2%), from €2,946 to €25
- Gross operating margin -€2,112
down €2,112 (-6.4%), from €32,943 to €30,830
- Depreciation +€1,068
up €1,068 (+9.4%), from €11,364 to €12,432
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.
Derived cash bridge
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 | €507,299 | €542,295 | +€34,996 | +6.9% |
| Fixed assets | 21/28 | €501,074 | €537,295 | +€36,221 | +7.2% |
| Tangible fixed assets | 22/27 | €501,074 | €537,295 | +€36,221 | +7.2% |
| Land and buildings | 22 | €501,074 | €525,759 | +€24,686 | +4.9% |
| Plant, machinery and equipment | 23 | - | €11,536 | +€11,536 | |
| Current assets | 29/58 | €6,225 | €5,000 | -€1,225 | -19.7% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €3,774 | - | -€3,774 | |
| Deferred charges and accrued income | 490/1 | €2,451 | - | -€2,451 | |
| Total equity and liabilities | 10/49 | €507,299 | €542,295 | +€34,996 | +6.9% |
| Equity | 10/15 | -€26,583 | -€30,386 | -€3,803 | -14.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,583 | -€80,386 | -€3,803 | -5.0% |
| Amounts payable | 17/49 | €533,882 | €572,681 | +€38,799 | +7.3% |
| Amounts payable after more than one year | 17 | €449,048 | €467,035 | +€17,987 | +4.0% |
| Financial debts | 170/4 | €449,048 | €467,035 | +€17,987 | +4.0% |
| Amounts payable within one year | 42/48 | €84,835 | €105,647 | +€20,812 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €15,812 | €24,963 | +€9,152 | +57.9% |
| Financial debts | 43 | - | €646 | +€646 | |
| Credit institutions | 430/8 | - | €646 | +€646 | |
| Trade debts | 44 | €5,206 | €3,769 | -€1,436 | -27.6% |
| Suppliers | 440/4 | €5,206 | €3,769 | -€1,436 | -27.6% |
| Other amounts payable | 47/48 | €63,817 | €76,268 | +€12,451 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,364 | €12,432 | +€1,068 | +9.4% |
| Other operating charges | 640/8 | €2,946 | €25 | -€2,921 | -99.2% |
| Gross operating margin | 9900 | €32,943 | €30,830 | -€2,112 | -6.4% |
| Operating profit (loss) | 9901 | €18,633 | €18,373 | -€260 | -1.4% |
| Financial charges | 65/66B | €22,352 | €22,176 | -€175 | -0.8% |
| Recurring financial charges | 65 | €22,352 | €22,176 | -€175 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,718 | -€3,803 | -€85 | -2.3% |
| Profit (loss) for the period | 9904 | -€3,718 | -€3,803 | -€85 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,718 | -€3,803 | -€85 | -2.3% |
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 15 October 2026 via checked.be.