ERDEFISC: 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.
ERDEFISC
Largest movements
- Cash +€4,843
up €4,843 (+139.9%), from €3,462 to €8,305
mainly Net result for the year (+€33,973) and Depreciation (+€1,513)
- Receivables within one year +€2,288
up €2,288 (+17.2%), from €13,310 to €15,598
of which Trade receivables: +€2,050
- Tangible fixed assets -€1,513
down €1,513 (-55.1%), from €2,747 to €1,233
- Profit (loss) carried forward +€33,973
up €33,973 (+28.3%), from -€119,835 to -€85,862
- Debts after one year -€28,000
down €28,000 (-25.7%), from €109,000 to €81,000
- Gross operating margin +€18,693
up €18,693 (+65.6%), from €28,513 to €47,206
- Taxes +€3,450
up €3,450 (+54.6%), from €6,312 to €9,762
- Depreciation -€660
down €660 (-30.4%), from €2,174 to €1,513
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 | €19,519 | €25,136 | +€5,617 | +28.8% |
| Fixed assets | 21/28 | €2,747 | €1,233 | -€1,513 | -55.1% |
| Tangible fixed assets | 22/27 | €2,747 | €1,233 | -€1,513 | -55.1% |
| Plant, machinery and equipment | 23 | €2,747 | €1,233 | -€1,513 | -55.1% |
| Current assets | 29/58 | €16,772 | €23,903 | +€7,131 | +42.5% |
| Amounts receivable within one year | 40/41 | €13,310 | €15,598 | +€2,288 | +17.2% |
| Trade receivables | 40 | €13,310 | €15,360 | +€2,050 | +15.4% |
| Other amounts receivable | 41 | - | €238 | +€238 | |
| Cash at bank and in hand | 54/58 | €3,462 | €8,305 | +€4,843 | +139.9% |
| Total equity and liabilities | 10/49 | €19,519 | €25,136 | +€5,617 | +28.8% |
| Equity | 10/15 | -€99,375 | -€65,402 | +€33,973 | +34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,835 | -€85,862 | +€33,973 | +28.3% |
| Amounts payable | 17/49 | €118,893 | €90,538 | -€28,356 | -23.8% |
| Amounts payable after more than one year | 17 | €109,000 | €81,000 | -€28,000 | -25.7% |
| Other amounts payable | 178/9 | €109,000 | €81,000 | -€28,000 | -25.7% |
| Amounts payable within one year | 42/48 | €9,893 | €9,538 | -€356 | -3.6% |
| Trade debts | 44 | €425 | €415 | -€10 | -2.4% |
| Suppliers | 440/4 | €425 | €415 | -€10 | -2.4% |
| Taxes, remuneration and social security | 45 | €8,844 | €8,606 | -€238 | -2.7% |
| Taxes | 450/3 | €8,844 | €8,606 | -€238 | -2.7% |
| Other amounts payable | 47/48 | €624 | €516 | -€108 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,174 | €1,513 | -€660 | -30.4% |
| Other operating charges | 640/8 | €1,100 | €1,089 | -€11 | -1.0% |
| Gross operating margin | 9900 | €28,513 | €47,206 | +€18,693 | +65.6% |
| Operating profit (loss) | 9901 | €25,239 | €44,603 | +€19,364 | +76.7% |
| Financial charges | 65/66B | €868 | €868 | -€1 | -0.1% |
| Recurring financial charges | 65 | €868 | €868 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €24,370 | €43,735 | +€19,365 | +79.5% |
| Income taxes | 67/77 | €6,312 | €9,762 | +€3,450 | +54.6% |
| Profit (loss) for the period | 9904 | €18,058 | €33,973 | +€15,915 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,058 | €33,973 | +€15,915 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.