ERDJO GROUP: 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.
ERDJO GROUP
Largest movements
- Tangible fixed assets +€58,337
up €58,337 (+6227.1%), from €937 to €59,273
of which Plant, machinery and equipment: +€38,225
- Receivables within one year +€15,034
up €15,034 (+551.8%), from €2,725 to €17,759
of which Trade receivables: +€14,354
- Cash -€5,600
down €5,600 (-35.5%), from €15,780 to €10,181
mainly Investment in fixed assets (net) (-€63,837) and Receivables within one year (-€15,034)
- Debts after one year +€28,324
new in 2025: €28,324
- Profit (loss) carried forward +€17,593
up €17,593 (+199.5%), from €8,817 to €26,411
- Tax, wage and social debts +€10,453
up €10,453 (+324.2%), from €3,224 to €13,677
of which Remuneration and social security: +€6,088
- Current portion of long-term debt +€6,605
new in 2025: €6,605
- Trade debts +€3,884
up €3,884 (+517.9%), from €750 to €4,634
- Gross operating margin +€26,035
up €26,035 (+233.8%), from €11,136 to €37,171
- Staff costs +€8,198
new in 2025: €8,198
- Depreciation +€5,438
up €5,438 (+8605.3%), from €63 to €5,501
- Taxes +€1,675
up €1,675 (+75.3%), from €2,224 to €3,899
- Financial charges +€668
up €668 (+2138.4%), from €31 to €699
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 | €19,442 | €87,628 | +€68,186 | +350.7% |
| Fixed assets | 21/28 | €937 | €59,273 | +€58,337 | +6227.1% |
| Tangible fixed assets | 22/27 | €937 | €59,273 | +€58,337 | +6227.1% |
| Plant, machinery and equipment | 23 | €937 | €39,162 | +€38,225 | +4080.4% |
| Furniture and vehicles | 24 | - | €20,111 | +€20,111 | |
| Current assets | 29/58 | €18,505 | €28,354 | +€9,849 | +53.2% |
| Amounts receivable within one year | 40/41 | €2,725 | €17,759 | +€15,034 | +551.8% |
| Trade receivables | 40 | €908 | €15,262 | +€14,354 | +1581.7% |
| Other amounts receivable | 41 | €1,817 | €2,497 | +€680 | +37.4% |
| Cash at bank and in hand | 54/58 | €15,780 | €10,181 | -€5,600 | -35.5% |
| Deferred charges and accrued income | 490/1 | - | €415 | +€415 | |
| Total equity and liabilities | 10/49 | €19,442 | €87,628 | +€68,186 | +350.7% |
| Equity | 10/15 | €14,817 | €32,411 | +€17,593 | +118.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,817 | €26,411 | +€17,593 | +199.5% |
| Amounts payable | 17/49 | €4,624 | €55,217 | +€50,593 | +1094.1% |
| Amounts payable after more than one year | 17 | - | €28,324 | +€28,324 | |
| Financial debts | 170/4 | - | €28,324 | +€28,324 | |
| Amounts payable within one year | 42/48 | €4,624 | €26,893 | +€22,268 | +481.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,605 | +€6,605 | |
| Trade debts | 44 | €750 | €4,634 | +€3,884 | +517.9% |
| Suppliers | 440/4 | €750 | €4,634 | +€3,884 | +517.9% |
| Taxes, remuneration and social security | 45 | €3,224 | €13,677 | +€10,453 | +324.2% |
| Taxes | 450/3 | €2,224 | €6,589 | +€4,364 | +196.2% |
| Remuneration and social security | 454/9 | €1,000 | €7,088 | +€6,088 | +608.8% |
| Other amounts payable | 47/48 | €650 | €1,976 | +€1,327 | +204.2% |
| Remuneration, social security and pensions | 62 | - | €8,198 | +€8,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €5,501 | +€5,438 | +8605.3% |
| Other operating charges | 640/8 | - | €448 | +€448 | |
| Gross operating margin | 9900 | €11,136 | €37,171 | +€26,035 | +233.8% |
| Operating profit (loss) | 9901 | €11,073 | €23,025 | +€11,952 | +107.9% |
| Financial charges | 65/66B | €31 | €699 | +€668 | +2138.4% |
| Recurring financial charges | 65 | €31 | €699 | +€668 | +2138.4% |
| Profit (loss) for the period before taxes | 9903 | €11,042 | €22,325 | +€11,283 | +102.2% |
| Income taxes | 67/77 | €2,224 | €3,899 | +€1,675 | +75.3% |
| Profit (loss) for the period | 9904 | €8,817 | €18,426 | +€9,609 | +109.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,817 | €18,426 | +€9,609 | +109.0% |
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 8 October 2026 via checked.be.