Erdol System: 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.
Erdol System
Largest movements
- Receivables within one year +€46,392
up €46,392 (+390.8%), from €11,871 to €58,263
of which Trade receivables: +€44,495
- Stocks and contracts -€13,253
no longer reported in 2024 (was €13,253)
- Tangible fixed assets +€3,718
up €3,718 (+34.6%), from €10,752 to €14,469
of which Plant, machinery and equipment: +€3,110
- Cash -€1,208
down €1,208 (-97.5%), from €1,239 to €31
mainly Receivables within one year (-€46,392) and Investment in fixed assets (net) (-€8,831)
- Trade debts +€22,086
up €22,086 (+2349.9%), from €940 to €23,026
- Profit (loss) carried forward +€15,655
up €15,655 (+87.3%), from €17,936 to €33,591
- Other debts -€3,285
down €3,285 (-28.6%), from €11,492 to €8,207
- Tax, wage and social debts +€1,128
up €1,128 (+24.9%), from €4,522 to €5,649
- Gross operating margin +€25,978
up €25,978 (+847.3%), from €3,066 to €29,044
- Taxes +€5,639
up €5,639 (+55835.1%), from €10 to €5,649
- Depreciation +€1,230
up €1,230 (+31.7%), from €3,883 to €5,113
- Other operating charges -€379
down €379 (-39.7%), from €955 to €575
- Financial charges -€318
down €318 (-15.4%), from €2,068 to €1,750
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,290 | €74,874 | +€35,584 | +90.6% |
| Fixed assets | 21/28 | €12,652 | €16,369 | +€3,718 | +29.4% |
| Tangible fixed assets | 22/27 | €10,752 | €14,469 | +€3,718 | +34.6% |
| Plant, machinery and equipment | 23 | €8,728 | €11,838 | +€3,110 | +35.6% |
| Furniture and vehicles | 24 | €2,024 | €2,632 | +€608 | +30.0% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €26,638 | €58,505 | +€31,867 | +119.6% |
| Stocks and contracts in progress | 3 | €13,253 | - | -€13,253 | |
| Stocks | 30/36 | €13,253 | - | -€13,253 | |
| Amounts receivable within one year | 40/41 | €11,871 | €58,263 | +€46,392 | +390.8% |
| Trade receivables | 40 | €11,871 | €56,366 | +€44,495 | +374.8% |
| Other amounts receivable | 41 | - | €1,897 | +€1,897 | |
| Cash at bank and in hand | 54/58 | €1,239 | €31 | -€1,208 | -97.5% |
| Deferred charges and accrued income | 490/1 | €275 | €211 | -€64 | -23.3% |
| Total equity and liabilities | 10/49 | €39,290 | €74,874 | +€35,584 | +90.6% |
| Equity | 10/15 | €22,336 | €37,991 | +€15,655 | +70.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | - | -€400 | |
| Reserves not available under the articles | 1311 | €400 | - | -€400 | |
| Distributable reserves | 133 | - | €400 | +€400 | |
| Profit (loss) carried forward | 14 | €17,936 | €33,591 | +€15,655 | +87.3% |
| Amounts payable | 17/49 | €16,953 | €36,883 | +€19,929 | +117.6% |
| Amounts payable within one year | 42/48 | €16,953 | €36,883 | +€19,929 | +117.6% |
| Trade debts | 44 | €940 | €23,026 | +€22,086 | +2349.9% |
| Suppliers | 440/4 | €940 | €23,026 | +€22,086 | +2349.9% |
| Taxes, remuneration and social security | 45 | €4,522 | €5,649 | +€1,128 | +24.9% |
| Taxes | 450/3 | €4,522 | €5,649 | +€1,128 | +24.9% |
| Other amounts payable | 47/48 | €11,492 | €8,207 | -€3,285 | -28.6% |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,883 | €5,113 | +€1,230 | +31.7% |
| Other operating charges | 640/8 | €955 | €575 | -€379 | -39.7% |
| Non-recurring operating charges | 66A | €1,175 | €415 | -€760 | -64.7% |
| Gross operating margin | 9900 | €3,066 | €29,044 | +€25,978 | +847.3% |
| Operating profit (loss) | 9901 | -€2,947 | €22,940 | +€25,887 | |
| Financial income | 75/76B | €11 | €114 | +€104 | +976.9% |
| Recurring financial income | 75 | €11 | €114 | +€104 | +976.9% |
| Financial charges | 65/66B | €2,068 | €1,750 | -€318 | -15.4% |
| Recurring financial charges | 65 | €2,068 | €1,750 | -€318 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,005 | €21,304 | +€26,309 | |
| Income taxes | 67/77 | €10 | €5,649 | +€5,639 | +55835.1% |
| Profit (loss) for the period | 9904 | -€5,015 | €15,655 | +€20,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,015 | €15,655 | +€20,670 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.