ERELEN: 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.
What changed
ERELEN
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,414
2024 · €23,973-€1,559
Equity
€6.3m
2024 · €6.3m+€22,414
Cash
€270,450
2024 · €259,470+€10,980
Balance sheet total
€6.3m
2024 · €6.3m+€23,628
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Taxes +€15,609
up €15,609, from -€9,253 to €6,356
- Gross operating margin +€14,678
up €14,678 (+71.6%), from €20,504 to €35,181
- Other operating charges +€471
up €471 (+15.7%), from €3,003 to €3,475
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.
Result 2024
€23,973
Gross operating margin
+€14,678
Depreciation
-€134
Other operating charges
-€471
Financial income
+€2
Financial charges
-€24
Taxes
-€15,609
Result 2025
€22,414
raises the resultlowers the result
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.
From operations
+€10,981
Investment
-€1
Financing
€0
Cash 2024
€259,470
From operations (derived)
+€10,981
Net result for the year
+€22,414
Depreciation
+€2,620
Receivables within one year
-€15,553
Deferred charges and accrued income
+€287
Trade debts
+€2,604
Tax, wage and social debts
+€624
Other debts
-€2,014
Investment (derived)
-€1
Current investments
-€1
Cash 2025
€270,450
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,300,139 | €6,323,767 | +€23,628 | +0.4% |
| Fixed assets | 21/28 | €6,020,970 | €6,018,350 | -€2,620 | 0.0% |
| Tangible fixed assets | 22/27 | €8,470 | €5,850 | -€2,620 | -30.9% |
| Plant, machinery and equipment | 23 | €660 | €211 | -€449 | -68.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €7,810 | €5,639 | -€2,170 | -27.8% |
| Financial fixed assets | 28 | €6,012,500 | €6,012,500 | = | 0.0% |
| Current assets | 29/58 | €279,170 | €305,417 | +€26,247 | +9.4% |
| Amounts receivable within one year | 40/41 | €17,275 | €32,828 | +€15,553 | +90.0% |
| Trade receivables | 40 | €5,275 | €15,184 | +€9,909 | +188% |
| Other amounts receivable | 41 | €12,000 | €17,644 | +€5,644 | +47.0% |
| Current investments | 50/53 | €1,421 | €1,422 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €259,470 | €270,450 | +€10,980 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,004 | €717 | -€287 | -28.6% |
| Total equity and liabilities | 10/49 | €6,300,139 | €6,323,767 | +€23,628 | +0.4% |
| Equity | 10/15 | €6,296,363 | €6,318,776 | +€22,414 | +0.4% |
| Contributions | 10/11 | €4,017,065 | €4,017,065 | = | 0.0% |
| Capital | 10 | €4,017,065 | €4,017,065 | = | 0.0% |
| Issued capital | 100 | €4,017,065 | €4,017,065 | = | 0.0% |
| Reserves | 13 | €401,706 | €401,706 | = | 0.0% |
| Non-distributable reserves | 130/1 | €401,706 | €401,706 | = | 0.0% |
| Legal reserve | 130 | €401,706 | €401,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,877,592 | €1,900,005 | +€22,414 | +1.2% |
| Amounts payable | 17/49 | €3,776 | €4,991 | +€1,214 | +32.2% |
| Amounts payable within one year | 42/48 | €3,776 | €4,991 | +€1,214 | +32.2% |
| Trade debts | 44 | €0 | €2,604 | +€2,604 | |
| Suppliers | 440/4 | €0 | €2,604 | +€2,604 | |
| Taxes, remuneration and social security | 45 | €1,537 | €2,161 | +€624 | +40.6% |
| Taxes | 450/3 | €1,537 | €2,161 | +€624 | +40.6% |
| Other amounts payable | 47/48 | €2,239 | €225 | -€2,014 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,485 | €2,620 | +€134 | +5.4% |
| Other operating charges | 640/8 | €3,003 | €3,475 | +€471 | +15.7% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €20,504 | €35,181 | +€14,678 | +71.6% |
| Operating profit (loss) | 9901 | €15,015 | €29,087 | +€14,072 | +93.7% |
| Financial income | 75/76B | €4 | €6 | +€2 | +43.2% |
| Recurring financial income | 75 | €4 | €6 | +€2 | +43.2% |
| Financial charges | 65/66B | €298 | €322 | +€24 | +8.1% |
| Recurring financial charges | 65 | €298 | €322 | +€24 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €14,720 | €28,770 | +€14,050 | +95.4% |
| Income taxes | 67/77 | -€9,253 | €6,356 | +€15,609 | |
| Profit (loss) for the period | 9904 | €23,973 | €22,414 | -€1,559 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,973 | €22,414 | -€1,559 | -6.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.