erdeXco: 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.
erdeXco
Largest movements
- Cash -€206,463
down €206,463 (-61.1%), from €338,046 to €131,583
mainly Deferred charges and accrued income (-€121,474) and Receivables within one year (-€96,442)
- Deferred charges and accrued income +€121,474
up €121,474 (+562.3%), from €21,602 to €143,076
- Receivables within one year +€96,442
up €96,442 (+22.5%), from €429,535 to €525,977
of which Trade receivables: +€81,887
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€536,865
down €536,865 (-70.8%), from €758,072 to €221,207
- Gross operating margin -€191,194
down €191,194 (-50.5%), from €378,592 to €187,398
- Taxes -€45,057
down €45,057 (-70.0%), from €64,322 to €19,265
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 | €7,402,986 | €7,421,353 | +€18,367 | +0.2% |
| Fixed assets | 21/28 | €4,813,804 | €4,820,717 | +€6,914 | +0.1% |
| Tangible fixed assets | 22/27 | €45,561 | €52,475 | +€6,914 | +15.2% |
| Furniture and vehicles | 24 | - | €14,908 | +€14,908 | |
| Other tangible fixed assets | 26 | €45,561 | €37,566 | -€7,995 | -17.5% |
| Financial fixed assets | 28 | €4,768,243 | €4,768,243 | = | 0.0% |
| Current assets | 29/58 | €2,589,182 | €2,600,635 | +€11,453 | +0.4% |
| Amounts receivable after more than one year | 29 | €1,800,000 | €1,800,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,800,000 | €1,800,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €429,535 | €525,977 | +€96,442 | +22.5% |
| Trade receivables | 40 | €27,013 | €108,900 | +€81,887 | +303.1% |
| Other amounts receivable | 41 | €402,521 | €417,077 | +€14,555 | +3.6% |
| Cash at bank and in hand | 54/58 | €338,046 | €131,583 | -€206,463 | -61.1% |
| Deferred charges and accrued income | 490/1 | €21,602 | €143,076 | +€121,474 | +562.3% |
| Total equity and liabilities | 10/49 | €7,402,986 | €7,421,353 | +€18,367 | +0.2% |
| Equity | 10/15 | €2,031,377 | €2,084,464 | +€53,087 | +2.6% |
| Contributions | 10/11 | €25,200 | €25,200 | = | 0.0% |
| Reserves | 13 | €297,834 | €297,834 | = | 0.0% |
| Distributable reserves | 133 | €297,834 | €297,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,708,344 | €1,761,430 | +€53,087 | +3.1% |
| Provisions and deferred taxes | 16 | €4,983,730 | €4,957,311 | -€26,419 | -0.5% |
| Provisions for liabilities and charges | 160/5 | €4,983,730 | €4,957,311 | -€26,419 | -0.5% |
| Other liabilities and charges | 164/5 | €4,983,730 | €4,957,311 | -€26,419 | -0.5% |
| Amounts payable | 17/49 | €387,878 | €379,577 | -€8,301 | -2.1% |
| Amounts payable within one year | 42/48 | €374,813 | €366,406 | -€8,407 | -2.2% |
| Trade debts | 44 | €82 | €656 | +€574 | +696.0% |
| Suppliers | 440/4 | €82 | €656 | +€574 | +696.0% |
| Taxes, remuneration and social security | 45 | €32,968 | €23,988 | -€8,981 | -27.2% |
| Taxes | 450/3 | €32,968 | €23,988 | -€8,981 | -27.2% |
| Other amounts payable | 47/48 | €341,762 | €341,762 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,065 | €13,172 | +€106 | +0.8% |
| Non-recurring operating income | 76A | €8,802 | €9,392 | +€590 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,995 | €9,101 | +€1,106 | +13.8% |
| Other operating charges | 640/8 | €1,871 | €1,929 | +€58 | +3.1% |
| Non-recurring operating charges | 66A | €7,730 | €8,123 | +€393 | +5.1% |
| Gross operating margin | 9900 | €378,592 | €187,398 | -€191,194 | -50.5% |
| Operating profit (loss) | 9901 | €360,995 | €168,245 | -€192,750 | -53.4% |
| Financial income | 75/76B | €758,072 | €221,207 | -€536,865 | -70.8% |
| Recurring financial income | 75 | €758,072 | €221,207 | -€536,865 | -70.8% |
| Financial charges | 65/66B | €318,425 | €317,100 | -€1,325 | -0.4% |
| Recurring financial charges | 65 | €318,425 | €317,100 | -€1,325 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €800,642 | €72,351 | -€728,291 | -91.0% |
| Income taxes | 67/77 | €64,322 | €19,265 | -€45,057 | -70.0% |
| Profit (loss) for the period | 9904 | €736,320 | €53,087 | -€683,233 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €736,320 | €53,087 | -€683,233 | -92.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.