ERCOTEK: 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.
ERCOTEK
Largest movements
- Cash +€11,260
up €11,260 (+15.6%), from €72,261 to €83,521
mainly Net result for the year (+€15,788) and Depreciation (+€6,778)
- Tangible fixed assets -€6,778
down €6,778 (-36.0%), from €18,817 to €12,039
of which Furniture and vehicles: -€4,720
- Receivables within one year +€1,252
up €1,252 (+41.7%), from €3,000 to €4,252
of which Other amounts receivable: +€635
- Reserves +€5,788
up €5,788 (+11.2%), from €51,637 to €57,425
of which Distributable reserves: +€5,788
- Other debts +€2,842
up €2,842 (+24.9%), from €11,428 to €14,270
- Tax, wage and social debts -€1,785
no longer reported in 2025 (was €1,785)
- Taxes +€13,394
up €13,394 (+4,651%), from €288 to €13,682
- Purchases and services -€10,828
down €10,828 (-16.2%), from €66,810 to €55,982
- Gross operating margin +€9,432
up €9,432 (+14.8%), from €63,931 to €73,363
- Depreciation -€1,951
down €1,951 (-22.4%), from €8,729 to €6,778
- Turnover -€1,396
down €1,396 (-1.1%), from €130,741 to €129,345
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 | €112,120 | €117,854 | +€5,734 | +5.1% |
| Fixed assets | 21/28 | €18,817 | €12,039 | -€6,778 | -36.0% |
| Tangible fixed assets | 22/27 | €18,817 | €12,039 | -€6,778 | -36.0% |
| Plant, machinery and equipment | 23 | €4,329 | €2,271 | -€2,058 | -47.5% |
| Furniture and vehicles | 24 | €14,488 | €9,768 | -€4,720 | -32.6% |
| Current assets | 29/58 | €93,303 | €105,815 | +€12,512 | +13.4% |
| Amounts receivable within one year | 40/41 | €3,000 | €4,252 | +€1,252 | +41.7% |
| Trade receivables | 40 | - | €617 | +€617 | |
| Other amounts receivable | 41 | €3,000 | €3,635 | +€635 | +21.2% |
| Current investments | 50/53 | €18,042 | €18,042 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,261 | €83,521 | +€11,260 | +15.6% |
| Total equity and liabilities | 10/49 | €112,120 | €117,854 | +€5,734 | +5.1% |
| Equity | 10/15 | €94,145 | €99,933 | +€5,788 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,637 | €57,425 | +€5,788 | +11.2% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Legal reserve | 130 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €51,513 | €57,301 | +€5,788 | +11.2% |
| Profit (loss) carried forward | 14 | €23,908 | €23,908 | = | 0.0% |
| Amounts payable | 17/49 | €17,975 | €17,921 | -€54 | -0.3% |
| Amounts payable within one year | 42/48 | €17,975 | €17,921 | -€54 | -0.3% |
| Trade debts | 44 | €4,762 | €3,651 | -€1,111 | -23.3% |
| Suppliers | 440/4 | €4,762 | €3,651 | -€1,111 | -23.3% |
| Taxes, remuneration and social security | 45 | €1,785 | - | -€1,785 | |
| Taxes | 450/3 | €1,785 | - | -€1,785 | |
| Other amounts payable | 47/48 | €11,428 | €14,270 | +€2,842 | +24.9% |
| Turnover | 70 | €130,741 | €129,345 | -€1,396 | -1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,810 | €55,982 | -€10,828 | -16.2% |
| Remuneration, social security and pensions | 62 | €38,487 | €38,039 | -€448 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,729 | €6,778 | -€1,951 | -22.4% |
| Other operating charges | 640/8 | €1,058 | €822 | -€236 | -22.3% |
| Gross operating margin | 9900 | €63,931 | €73,363 | +€9,432 | +14.8% |
| Operating profit (loss) | 9901 | €15,657 | €27,724 | +€12,067 | +77.1% |
| Financial income | 75/76B | €2,244 | €2,098 | -€146 | -6.5% |
| Recurring financial income | 75 | €2,244 | €2,098 | -€146 | -6.5% |
| Non-recurring financial income | 76B | €2,244 | €2,098 | -€146 | -6.5% |
| Financial charges | 65/66B | €200 | €352 | +€152 | +76.0% |
| Recurring financial charges | 65 | €200 | €352 | +€152 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €17,701 | €29,470 | +€11,769 | +66.5% |
| Income taxes | 67/77 | €288 | €13,682 | +€13,394 | +4,651% |
| Profit (loss) for the period | 9904 | €17,413 | €15,788 | -€1,625 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,413 | €15,788 | -€1,625 | -9.3% |
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 1 November 2026 via checked.be.