ERDE-SOL: what changed
Two fiscal 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.
ERDE-SOL
Largest movements
- Cash +€44,866
up €44,866 (+189.0%), from €23,743 to €68,610
mainly Net result for the year (+€54,434) and Trade debts (+€42,889)
- Receivables within one year +€34,506
up €34,506 (+24.4%), from €141,173 to €175,680
of which Trade receivables: +€27,857
- Profit (loss) carried forward +€54,434
up €54,434 (+45.4%), from €119,956 to €174,389
- Trade debts +€42,889
up €42,889 (+65.1%), from €65,833 to €108,722
- Other debts -€19,857
down €19,857 (-70.3%), from €28,232 to €8,376
- Tax, wage and social debts +€9,283
new in 2025: €9,283
- Gross operating margin +€38,494
up €38,494 (+59.8%), from €64,350 to €102,844
- Taxes +€9,504
up €9,504 (+98.3%), from €9,672 to €19,176
- Other operating charges +€1,715
up €1,715 (+86.8%), from €1,977 to €3,691
- Depreciation +€1,077
up €1,077 (+4.8%), from €22,241 to €23,318
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 | €349,724 | €431,541 | +€81,817 | +23.4% |
| Fixed assets | 21/28 | €182,157 | €184,682 | +€2,525 | +1.4% |
| Tangible fixed assets | 22/27 | €179,157 | €181,682 | +€2,525 | +1.4% |
| Land and buildings | 22 | €124,560 | €120,483 | -€4,077 | -3.3% |
| Plant, machinery and equipment | 23 | €2,082 | €4,492 | +€2,409 | +115.7% |
| Furniture and vehicles | 24 | €52,514 | €56,707 | +€4,193 | +8.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €167,566 | €246,859 | +€79,292 | +47.3% |
| Amounts receivable within one year | 40/41 | €141,173 | €175,680 | +€34,506 | +24.4% |
| Trade receivables | 40 | €61,074 | €88,931 | +€27,857 | +45.6% |
| Other amounts receivable | 41 | €80,100 | €86,749 | +€6,649 | +8.3% |
| Cash at bank and in hand | 54/58 | €23,743 | €68,610 | +€44,866 | +189.0% |
| Deferred charges and accrued income | 490/1 | €2,650 | €2,569 | -€80 | -3.0% |
| Total equity and liabilities | 10/49 | €349,724 | €431,541 | +€81,817 | +23.4% |
| Equity | 10/15 | €190,407 | €244,840 | +€54,434 | +28.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €51,859 | €51,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,956 | €174,389 | +€54,434 | +45.4% |
| Amounts payable | 17/49 | €159,317 | €186,700 | +€27,384 | +17.2% |
| Amounts payable after more than one year | 17 | €59,466 | €55,516 | -€3,950 | -6.6% |
| Financial debts | 170/4 | €59,466 | €55,516 | -€3,950 | -6.6% |
| Amounts payable within one year | 42/48 | €97,712 | €130,331 | +€32,619 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €3,950 | +€303 | +8.3% |
| Trade debts | 44 | €65,833 | €108,722 | +€42,889 | +65.1% |
| Suppliers | 440/4 | €65,833 | €108,722 | +€42,889 | +65.1% |
| Taxes, remuneration and social security | 45 | - | €9,283 | +€9,283 | |
| Taxes | 450/3 | - | €9,283 | +€9,283 | |
| Other amounts payable | 47/48 | €28,232 | €8,376 | -€19,857 | -70.3% |
| Accrued charges and deferred income | 492/3 | €2,139 | €854 | -€1,285 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,241 | €23,318 | +€1,077 | +4.8% |
| Other operating charges | 640/8 | €1,977 | €3,691 | +€1,715 | +86.8% |
| Non-recurring operating charges | 66A | €346 | - | -€346 | |
| Gross operating margin | 9900 | €64,350 | €102,844 | +€38,494 | +59.8% |
| Operating profit (loss) | 9901 | €39,786 | €75,835 | +€36,048 | +90.6% |
| Financial charges | 65/66B | €1,554 | €2,226 | +€671 | +43.2% |
| Recurring financial charges | 65 | €1,554 | €2,226 | +€671 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €38,232 | €73,609 | +€35,377 | +92.5% |
| Income taxes | 67/77 | €9,672 | €19,176 | +€9,504 | +98.3% |
| Profit (loss) for the period | 9904 | €28,560 | €54,434 | +€25,873 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,560 | €54,434 | +€25,873 | +90.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.