ERCIYES: 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.
ERCIYES
Largest movements
- Cash -€22,140
down €22,140 (-81.5%), from €27,172 to €5,032
mainly Trade debts (-€15,609) and Debts after one year (-€3,474)
- Tangible fixed assets -€6,600
down €6,600 (-24.4%), from €27,003 to €20,403
of which Other tangible fixed assets: -€5,000
- Stocks and contracts +€2,376
up €2,376 (+70.4%), from €3,375 to €5,751
- Deferred charges and accrued income +€1,923
up €1,923 (+14.8%), from €12,986 to €14,909
- Trade debts -€15,609
down €15,609 (-46.0%), from €33,903 to €18,294
- Debts after one year -€3,474
down €3,474 (-15.1%), from €23,017 to €19,543
- Tax, wage and social debts -€2,747
down €2,747 (-23.0%), from €11,967 to €9,221
of which Taxes: -€2,507
- Profit (loss) carried forward -€1,789
down €1,789 (-2.5%), from €72,954 to €71,165
- Gross operating margin -€20,909
down €20,909 (-49.7%), from €42,079 to €21,170
- Staff costs -€4,607
down €4,607 (-30.5%), from €15,105 to €10,498
- Taxes -€4,595
down €4,595 (-72.4%), from €6,344 to €1,748
- Other operating charges -€696
down €696 (-35.2%), from €1,977 to €1,280
- Depreciation +€618
up €618 (+10.3%), from €5,982 to €6,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,027 | €146,792 | -€24,235 | -14.2% |
| Fixed assets | 21/28 | €27,003 | €20,403 | -€6,600 | -24.4% |
| Tangible fixed assets | 22/27 | €27,003 | €20,403 | -€6,600 | -24.4% |
| Plant, machinery and equipment | 23 | €881 | €561 | -€320 | -36.3% |
| Furniture and vehicles | 24 | €2,320 | €1,740 | -€580 | -25.0% |
| Leasing and similar rights | 25 | €2,096 | €1,396 | -€700 | -33.4% |
| Other tangible fixed assets | 26 | €21,705 | €16,705 | -€5,000 | -23.0% |
| Current assets | 29/58 | €144,024 | €126,389 | -€17,635 | -12.2% |
| Stocks and contracts in progress | 3 | €3,375 | €5,751 | +€2,376 | +70.4% |
| Stocks | 30/36 | €3,375 | €5,751 | +€2,376 | +70.4% |
| Amounts receivable within one year | 40/41 | €100,491 | €100,697 | +€206 | +0.2% |
| Trade receivables | 40 | €23,765 | €6,332 | -€17,433 | -73.4% |
| Other amounts receivable | 41 | €76,726 | €94,365 | +€17,639 | +23.0% |
| Cash at bank and in hand | 54/58 | €27,172 | €5,032 | -€22,140 | -81.5% |
| Deferred charges and accrued income | 490/1 | €12,986 | €14,909 | +€1,923 | +14.8% |
| Total equity and liabilities | 10/49 | €171,027 | €146,792 | -€24,235 | -14.2% |
| Equity | 10/15 | €94,664 | €92,875 | -€1,789 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,110 | €3,110 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,954 | €71,165 | -€1,789 | -2.5% |
| Amounts payable | 17/49 | €76,363 | €53,917 | -€22,446 | -29.4% |
| Amounts payable after more than one year | 17 | €23,017 | €19,543 | -€3,474 | -15.1% |
| Financial debts | 170/4 | €23,017 | €19,543 | -€3,474 | -15.1% |
| Amounts payable within one year | 42/48 | €53,119 | €34,051 | -€19,068 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €3,233 | €3,474 | +€241 | +7.5% |
| Financial debts | 43 | €4,016 | €3,063 | -€953 | -23.7% |
| Credit institutions | 430/8 | €4,016 | €3,063 | -€953 | -23.7% |
| Trade debts | 44 | €33,903 | €18,294 | -€15,609 | -46.0% |
| Suppliers | 440/4 | €33,903 | €18,294 | -€15,609 | -46.0% |
| Taxes, remuneration and social security | 45 | €11,967 | €9,221 | -€2,747 | -23.0% |
| Taxes | 450/3 | €10,887 | €8,380 | -€2,507 | -23.0% |
| Remuneration and social security | 454/9 | €1,080 | €841 | -€240 | -22.2% |
| Accrued charges and deferred income | 492/3 | €228 | €323 | +€95 | +41.8% |
| Remuneration, social security and pensions | 62 | €15,105 | €10,498 | -€4,607 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,982 | €6,600 | +€618 | +10.3% |
| Other operating charges | 640/8 | €1,977 | €1,280 | -€696 | -35.2% |
| Gross operating margin | 9900 | €42,079 | €21,170 | -€20,909 | -49.7% |
| Operating profit (loss) | 9901 | €19,016 | €2,792 | -€16,224 | -85.3% |
| Financial income | 75/76B | €32 | €12 | -€20 | -62.3% |
| Recurring financial income | 75 | €32 | €12 | -€20 | -62.3% |
| Financial charges | 65/66B | €2,839 | €2,844 | +€5 | +0.2% |
| Recurring financial charges | 65 | €2,839 | €2,844 | +€5 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €16,208 | -€40 | -€16,249 | |
| Income taxes | 67/77 | €6,344 | €1,748 | -€4,595 | -72.4% |
| Profit (loss) for the period | 9904 | €9,865 | -€1,789 | -€11,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,865 | -€1,789 | -€11,653 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.