ERCON CONSTRUCT: 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.
ERCON CONSTRUCT
Largest movements
- Receivables within one year -€9,332
down €9,332 (-22.9%), from €40,676 to €31,344
of which Trade receivables: -€26,417
- Tangible fixed assets -€4,390
down €4,390 (-54.5%), from €8,048 to €3,658
- Cash -€3,217
down €3,217 (-19.9%), from €16,157 to €12,939
mainly Trade debts (-€14,154) and Tax, wage and social debts (-€4,259)
- Deferred charges and accrued income -€1,364
no longer reported in 2025 (was €1,364)
- Trade debts -€14,154
down €14,154 (-72.9%), from €19,419 to €5,265
- Tax, wage and social debts -€4,259
down €4,259 (-48.6%), from €8,770 to €4,511
- Turnover -€40,885
down €40,885 (-27.5%), from €148,535 to €107,650
- Purchases and services -€30,358
down €30,358 (-23.1%), from €131,526 to €101,168
- Gross operating margin -€19,612
down €19,612 (-77.0%), from €25,478 to €5,866
- Taxes -€2,615
down €2,615 (-81.3%), from €3,216 to €601
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 | €66,396 | €48,093 | -€18,304 | -27.6% |
| Fixed assets | 21/28 | €8,200 | €3,810 | -€4,390 | -53.5% |
| Tangible fixed assets | 22/27 | €8,048 | €3,658 | -€4,390 | -54.5% |
| Furniture and vehicles | 24 | €8,048 | €3,658 | -€4,390 | -54.5% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €58,196 | €44,283 | -€13,913 | -23.9% |
| Amounts receivable within one year | 40/41 | €40,676 | €31,344 | -€9,332 | -22.9% |
| Trade receivables | 40 | €33,593 | €7,176 | -€26,417 | -78.6% |
| Other amounts receivable | 41 | €7,083 | €24,168 | +€17,085 | +241% |
| Cash at bank and in hand | 54/58 | €16,157 | €12,939 | -€3,217 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,364 | - | -€1,364 | |
| Total equity and liabilities | 10/49 | €66,396 | €48,093 | -€18,304 | -27.6% |
| Equity | 10/15 | €38,207 | €38,316 | +€109 | +0.3% |
| Contributions | 10/11 | €500 | - | -€500 | |
| Capital | 10 | €500 | - | -€500 | |
| Issued capital | 100 | €500 | - | -€500 | |
| Reserves | 13 | €50 | - | -€50 | |
| Non-distributable reserves | 130/1 | €50 | - | -€50 | |
| Legal reserve | 130 | €50 | - | -€50 | |
| Profit (loss) carried forward | 14 | €37,657 | €38,316 | +€659 | +1.8% |
| Amounts payable | 17/49 | €28,189 | €9,777 | -€18,413 | -65.3% |
| Amounts payable within one year | 42/48 | €28,189 | €9,777 | -€18,413 | -65.3% |
| Trade debts | 44 | €19,419 | €5,265 | -€14,154 | -72.9% |
| Suppliers | 440/4 | €19,419 | €5,265 | -€14,154 | -72.9% |
| Taxes, remuneration and social security | 45 | €8,770 | €4,511 | -€4,259 | -48.6% |
| Taxes | 450/3 | €8,770 | €4,511 | -€4,259 | -48.6% |
| Turnover | 70 | €148,535 | €107,650 | -€40,885 | -27.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €131,526 | €101,168 | -€30,358 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €4,390 | = | 0.0% |
| Other operating charges | 640/8 | €445 | - | -€445 | |
| Gross operating margin | 9900 | €25,478 | €5,866 | -€19,612 | -77.0% |
| Operating profit (loss) | 9901 | €20,642 | €1,475 | -€19,167 | -92.9% |
| Financial charges | 65/66B | €176 | €215 | +€39 | +22.2% |
| Recurring financial charges | 65 | €176 | €215 | +€39 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €20,466 | €1,261 | -€19,206 | -93.8% |
| Income taxes | 67/77 | €3,216 | €601 | -€2,615 | -81.3% |
| Profit (loss) for the period | 9904 | €17,250 | €659 | -€16,591 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,250 | €659 | -€16,591 | -96.2% |
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 20 October 2026 via checked.be.