ERCIS: 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.
ERCIS
Largest movements
- Stocks and contracts +€19,647
up €19,647 (+131.2%), from €14,974 to €34,621
- Receivables within one year -€12,525
down €12,525 (-20.3%), from €61,697 to €49,172
of which Trade receivables: -€12,614
- Cash +€9,973
up €9,973 (+7.7%), from €130,045 to €140,018
mainly Trade debts (+€21,415) and Receivables within one year (+€12,525)
- Trade debts +€21,415
up €21,415 (+113.6%), from €18,853 to €40,268
- Tax, wage and social debts -€3,953
down €3,953 (-22.7%), from €17,398 to €13,445
of which Taxes: -€3,705
- Gross operating margin -€29,284
down €29,284 (-45.1%), from €64,976 to €35,691
- Other operating charges -€6,076
down €6,076 (-85.7%), from €7,089 to €1,013
- Taxes -€4,175
down €4,175 (-82.8%), from €5,045 to €870
- Financial income +€1,630
up €1,630 (+255.0%), from €639 to €2,269
- Depreciation +€1,043
up €1,043 (+18550.2%), from €6 to €1,048
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 | €209,443 | €227,590 | +€18,147 | +8.7% |
| Fixed assets | 21/28 | €2,727 | €3,779 | +€1,052 | +38.6% |
| Tangible fixed assets | 22/27 | €1,548 | €2,600 | +€1,052 | +67.9% |
| Plant, machinery and equipment | 23 | €1,548 | €1,035 | -€513 | -33.1% |
| Furniture and vehicles | 24 | - | €1,565 | +€1,565 | |
| Financial fixed assets | 28 | €1,179 | €1,179 | = | 0.0% |
| Current assets | 29/58 | €206,716 | €223,811 | +€17,095 | +8.3% |
| Stocks and contracts in progress | 3 | €14,974 | €34,621 | +€19,647 | +131.2% |
| Stocks | 30/36 | €14,974 | €34,621 | +€19,647 | +131.2% |
| Amounts receivable within one year | 40/41 | €61,697 | €49,172 | -€12,525 | -20.3% |
| Trade receivables | 40 | €24,047 | €11,433 | -€12,614 | -52.5% |
| Other amounts receivable | 41 | €37,650 | €37,739 | +€89 | +0.2% |
| Cash at bank and in hand | 54/58 | €130,045 | €140,018 | +€9,973 | +7.7% |
| Total equity and liabilities | 10/49 | €209,443 | €227,590 | +€18,147 | +8.7% |
| Equity | 10/15 | €173,063 | €173,877 | +€814 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,003 | €165,817 | +€814 | +0.5% |
| Amounts payable | 17/49 | €36,380 | €53,713 | +€17,333 | +47.6% |
| Amounts payable within one year | 42/48 | €36,380 | €53,713 | +€17,333 | +47.6% |
| Trade debts | 44 | €18,853 | €40,268 | +€21,415 | +113.6% |
| Suppliers | 440/4 | €18,853 | €40,268 | +€21,415 | +113.6% |
| Taxes, remuneration and social security | 45 | €17,398 | €13,445 | -€3,953 | -22.7% |
| Taxes | 450/3 | €9,975 | €6,271 | -€3,705 | -37.1% |
| Remuneration and social security | 454/9 | €7,423 | €7,174 | -€249 | -3.4% |
| Other amounts payable | 47/48 | €129 | - | -€129 | |
| Remuneration, social security and pensions | 62 | €34,113 | €33,692 | -€421 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | €1,048 | +€1,043 | +18550.2% |
| Other operating charges | 640/8 | €7,089 | €1,013 | -€6,076 | -85.7% |
| Gross operating margin | 9900 | €64,976 | €35,691 | -€29,284 | -45.1% |
| Operating profit (loss) | 9901 | €23,768 | -€61 | -€23,830 | |
| Financial income | 75/76B | €639 | €2,269 | +€1,630 | +255.0% |
| Recurring financial income | 75 | €639 | €2,269 | +€1,630 | +255.0% |
| Financial charges | 65/66B | €667 | €524 | -€143 | -21.4% |
| Recurring financial charges | 65 | €667 | €524 | -€143 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €23,741 | €1,684 | -€22,057 | -92.9% |
| Income taxes | 67/77 | €5,045 | €870 | -€4,175 | -82.8% |
| Profit (loss) for the period | 9904 | €18,696 | €814 | -€17,882 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,696 | €814 | -€17,882 | -95.6% |
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 12 October 2026 via checked.be.