ERDIER: 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.
ERDIER
Largest movements
- Cash -€11,441
down €11,441 (-36.7%), from €31,141 to €19,700
mainly Investment in fixed assets (net) (-€7,745) and Net result for the year (-€6,911)
- Tangible fixed assets +€5,461
up €5,461 (+7.5%), from €72,379 to €77,840
of which Land and buildings: +€5,895
- Profit (loss) carried forward -€6,911
down €6,911 (-4.3%), from -€159,279 to -€166,191
- Gross operating margin -€8,154
down €8,154 (-76.1%), from €10,716 to €2,562
- Financial income -€765
down €765 (-98.9%), from €773 to €9
- Depreciation -€724
down €724 (-24.1%), from €3,008 to €2,284
- Other operating charges +€215
up €215 (+3.1%), from €6,893 to €7,108
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 | €103,780 | €97,865 | -€5,915 | -5.7% |
| Fixed assets | 21/28 | €72,379 | €77,840 | +€5,461 | +7.5% |
| Tangible fixed assets | 22/27 | €72,379 | €77,840 | +€5,461 | +7.5% |
| Land and buildings | 22 | €71,946 | €77,840 | +€5,895 | +8.2% |
| Furniture and vehicles | 24 | €433 | €0 | -€433 | -100.0% |
| Current assets | 29/58 | €31,401 | €20,025 | -€11,376 | -36.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,141 | €19,700 | -€11,441 | -36.7% |
| Deferred charges and accrued income | 490/1 | €260 | €325 | +€65 | +24.8% |
| Total equity and liabilities | 10/49 | €103,780 | €97,865 | -€5,915 | -5.7% |
| Equity | 10/15 | €98,131 | €91,220 | -€6,911 | -7.0% |
| Contributions | 10/11 | €257,313 | €257,313 | = | 0.0% |
| Reserves | 13 | €97 | €97 | = | 0.0% |
| Distributable reserves | 133 | €97 | €97 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,279 | -€166,191 | -€6,911 | -4.3% |
| Amounts payable | 17/49 | €5,648 | €6,645 | +€996 | +17.6% |
| Amounts payable within one year | 42/48 | €5,648 | €6,645 | +€996 | +17.6% |
| Trade debts | 44 | €2,077 | €3,073 | +€996 | +48.0% |
| Suppliers | 440/4 | €2,077 | €3,073 | +€996 | +48.0% |
| Other amounts payable | 47/48 | €3,571 | €3,571 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,008 | €2,284 | -€724 | -24.1% |
| Other operating charges | 640/8 | €6,893 | €7,108 | +€215 | +3.1% |
| Gross operating margin | 9900 | €10,716 | €2,562 | -€8,154 | -76.1% |
| Operating profit (loss) | 9901 | €815 | -€6,830 | -€7,645 | |
| Financial income | 75/76B | €773 | €9 | -€765 | -98.9% |
| Recurring financial income | 75 | €773 | €9 | -€765 | -98.9% |
| Financial charges | 65/66B | €75 | €90 | +€15 | +19.7% |
| Recurring financial charges | 65 | €75 | €90 | +€15 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €1,513 | -€6,911 | -€8,424 | |
| Profit (loss) for the period | 9904 | €1,513 | -€6,911 | -€8,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,513 | -€6,911 | -€8,424 |
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 29 September 2026 via checked.be.