ERDO DAKWERKEN: what changed
ERDO DAKWERKEN
Largest movements
- Cash -€55,681
down €55,681 (-39.5%), from €140,801 to €85,120
mainly Investment in fixed assets (net) (-€68,268) and Net result for the year (-€49,615)
- Tangible fixed assets +€25,952
up €25,952 (+14.4%), from €180,104 to €206,056
of which Furniture and vehicles: +€48,065
- Receivables within one year +€15,563
up €15,563 (+153%), from €10,156 to €25,719
of which Trade receivables: +€17,152
- Stocks and contracts -€5,485
down €5,485 (-14.6%), from €37,479 to €31,994
- Reserves -€49,615
down €49,615 (-14.8%), from €336,080 to €286,464
of which Distributable reserves: -€49,615
- Debts after one year +€22,855
new in 2025: €22,855
- Current portion of long-term debt +€6,717
new in 2025: €6,717
- Gross operating margin -€24,937
down €24,937 (-16.7%), from €149,699 to €124,761
- Staff costs +€9,174
up €9,174 (+7.1%), from €128,612 to €137,786
- Financial income +€9,159
up €9,159 (+2,414%), from €379 to €9,539
of which Non-recurring financial income: +€9,000
- Depreciation +€9,077
up €9,077 (+28.6%), from €31,738 to €40,815
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,883 | €355,568 | -€18,315 | -4.9% |
| Fixed assets | 21/28 | €180,380 | €207,833 | +€27,453 | +15.2% |
| Intangible fixed assets | 21 | €276 | €1,777 | +€1,501 | +544% |
| Tangible fixed assets | 22/27 | €180,104 | €206,056 | +€25,952 | +14.4% |
| Land and buildings | 22 | €141,021 | €128,587 | -€12,435 | -8.8% |
| Plant, machinery and equipment | 23 | €29,202 | €19,524 | -€9,678 | -33.1% |
| Furniture and vehicles | 24 | €9,880 | €57,945 | +€48,065 | +486% |
| Current assets | 29/58 | €193,503 | €147,735 | -€45,768 | -23.7% |
| Stocks and contracts in progress | 3 | €37,479 | €31,994 | -€5,485 | -14.6% |
| Stocks | 30/36 | €37,479 | €31,994 | -€5,485 | -14.6% |
| Amounts receivable within one year | 40/41 | €10,156 | €25,719 | +€15,563 | +153% |
| Trade receivables | 40 | €4,198 | €21,350 | +€17,152 | +409% |
| Other amounts receivable | 41 | €5,958 | €4,369 | -€1,589 | -26.7% |
| Cash at bank and in hand | 54/58 | €140,801 | €85,120 | -€55,681 | -39.5% |
| Deferred charges and accrued income | 490/1 | €5,068 | €4,902 | -€166 | -3.3% |
| Total equity and liabilities | 10/49 | €373,883 | €355,568 | -€18,315 | -4.9% |
| Equity | 10/15 | €354,680 | €305,064 | -€49,615 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €336,080 | €286,464 | -€49,615 | -14.8% |
| Non-distributable reserves | 130/1 | €703 | €703 | = | 0.0% |
| Other | 1319 | €703 | €703 | = | 0.0% |
| Tax-exempt reserves | 132 | €188 | €188 | = | 0.0% |
| Distributable reserves | 133 | €335,189 | €285,573 | -€49,615 | -14.8% |
| Amounts payable | 17/49 | €19,203 | €50,504 | +€31,300 | +163% |
| Amounts payable after more than one year | 17 | - | €22,855 | +€22,855 | |
| Financial debts | 170/4 | - | €22,855 | +€22,855 | |
| Amounts payable within one year | 42/48 | €19,203 | €27,649 | +€8,446 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,717 | +€6,717 | |
| Trade debts | 44 | €18,300 | €16,725 | -€1,574 | -8.6% |
| Suppliers | 440/4 | €18,300 | €16,725 | -€1,574 | -8.6% |
| Taxes, remuneration and social security | 45 | €804 | €4,107 | +€3,303 | +411% |
| Taxes | 450/3 | €468 | €0 | -€468 | -100% |
| Remuneration and social security | 454/9 | €336 | €4,107 | +€3,771 | +1,122% |
| Other amounts payable | 47/48 | €100 | €100 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €128,612 | €137,786 | +€9,174 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,738 | €40,815 | +€9,077 | +28.6% |
| Other operating charges | 640/8 | €3,024 | €3,479 | +€455 | +15.0% |
| Gross operating margin | 9900 | €149,699 | €124,761 | -€24,937 | -16.7% |
| Operating profit (loss) | 9901 | -€13,675 | -€57,318 | -€43,643 | -319% |
| Financial income | 75/76B | €379 | €9,539 | +€9,159 | +2,414% |
| Recurring financial income | 75 | €379 | €539 | +€159 | +42.0% |
| Non-recurring financial income | 76B | - | €9,000 | +€9,000 | |
| Financial charges | 65/66B | €1,683 | €1,836 | +€153 | +9.1% |
| Recurring financial charges | 65 | €1,683 | €1,836 | +€153 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,978 | -€49,615 | -€34,637 | -231% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,978 | -€49,615 | -€34,637 | -231% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,978 | -€49,615 | -€34,637 | -231% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.