ERDINC: 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.
ERDINC
Largest movements
- Receivables within one year -€6,097
down €6,097 (-34.3%), from €17,774 to €11,677
of which Trade receivables: -€6,456
- Cash +€5,585
up €5,585 (+25.8%), from €21,656 to €27,241
mainly Receivables within one year (+€6,097) and Deferred charges and accrued income (+€2,168)
- Deferred charges and accrued income -€2,168
no longer reported in 2025 (was €2,168)
- Tangible fixed assets -€1,159
down €1,159 (-64.6%), from €1,795 to €636
- Profit (loss) carried forward -€3,409
down €3,409 (-121%), from -€2,825 to -€6,234
- Current portion of long-term debt -€1,838
no longer reported in 2025 (was €1,838)
- Other debts +€1,376
up €1,376 (+196%), from €702 to €2,078
- Other operating charges +€2,892
up €2,892 (+412%), from €702 to €3,594
- Gross operating margin +€1,932
up €1,932 (+8.2%), from €23,462 to €25,394
- Staff costs -€1,890
down €1,890 (-8.8%), from €21,556 to €19,666
- Depreciation -€1,013
down €1,013 (-35.7%), from €2,841 to €1,828
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 | €43,424 | €39,585 | -€3,839 | -8.8% |
| Fixed assets | 21/28 | €1,826 | €667 | -€1,159 | -63.5% |
| Tangible fixed assets | 22/27 | €1,795 | €636 | -€1,159 | -64.6% |
| Furniture and vehicles | 24 | €1,795 | €636 | -€1,159 | -64.6% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €41,598 | €38,918 | -€2,680 | -6.4% |
| Amounts receivable within one year | 40/41 | €17,774 | €11,677 | -€6,097 | -34.3% |
| Trade receivables | 40 | €17,477 | €11,021 | -€6,456 | -36.9% |
| Other amounts receivable | 41 | €297 | €656 | +€359 | +121% |
| Cash at bank and in hand | 54/58 | €21,656 | €27,241 | +€5,585 | +25.8% |
| Deferred charges and accrued income | 490/1 | €2,168 | - | -€2,168 | |
| Total equity and liabilities | 10/49 | €43,424 | €39,585 | -€3,839 | -8.8% |
| Equity | 10/15 | €24,675 | €21,266 | -€3,409 | -13.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,825 | -€6,234 | -€3,409 | -121% |
| Amounts payable | 17/49 | €18,749 | €18,319 | -€430 | -2.3% |
| Amounts payable within one year | 42/48 | €18,749 | €18,319 | -€430 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €1,838 | - | -€1,838 | |
| Trade debts | 44 | €798 | €785 | -€13 | -1.6% |
| Suppliers | 440/4 | €798 | €785 | -€13 | -1.6% |
| Taxes, remuneration and social security | 45 | €15,411 | €15,456 | +€45 | +0.3% |
| Taxes | 450/3 | €146 | €147 | +€1 | +0.7% |
| Remuneration and social security | 454/9 | €15,265 | €15,309 | +€44 | +0.3% |
| Other amounts payable | 47/48 | €702 | €2,078 | +€1,376 | +196% |
| Remuneration, social security and pensions | 62 | €21,556 | €19,666 | -€1,890 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €1,828 | -€1,013 | -35.7% |
| Other operating charges | 640/8 | €702 | €3,594 | +€2,892 | +412% |
| Non-recurring operating charges | 66A | - | €3,627 | +€3,627 | |
| Gross operating margin | 9900 | €23,462 | €25,394 | +€1,932 | +8.2% |
| Operating profit (loss) | 9901 | -€1,637 | -€3,321 | -€1,684 | -103% |
| Financial income | 75/76B | €12 | €184 | +€172 | +1,433% |
| Recurring financial income | 75 | €12 | €184 | +€172 | +1,433% |
| Financial charges | 65/66B | €129 | €131 | +€2 | +1.6% |
| Recurring financial charges | 65 | €129 | €131 | +€2 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,754 | -€3,268 | -€1,514 | -86.3% |
| Income taxes | 67/77 | €139 | €141 | +€2 | +1.4% |
| Profit (loss) for the period | 9904 | -€1,893 | -€3,409 | -€1,516 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,893 | -€3,409 | -€1,516 | -80.1% |
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 14 October 2026 via checked.be.