ERELLE: 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.
ERELLE
Largest movements
- Tangible fixed assets -€4,288
down €4,288 (-3.8%), from €113,491 to €109,203
- Cash -€2,834
down €2,834 (-88.2%), from €3,213 to €379
mainly Net result for the year (-€8,210) and Deferred charges and accrued income (-€1)
- Profit (loss) carried forward -€8,210
down €8,210 (-35.4%), from -€23,181 to -€31,391
- Other operating charges -€14,230
down €14,230 (-88.0%), from €16,171 to €1,941
- Gross operating margin +€1,725
up €1,725 (+46.5%), from -€3,706 to -€1,981
- Depreciation +€1,090
up €1,090 (+34.1%), from €3,198 to €4,288
- Financial charges -€106
no longer reported in 2025 (was €106)
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 | €116,819 | €109,698 | -€7,121 | -6.1% |
| Fixed assets | 21/28 | €113,491 | €109,203 | -€4,288 | -3.8% |
| Tangible fixed assets | 22/27 | €113,491 | €109,203 | -€4,288 | -3.8% |
| Land and buildings | 22 | €113,491 | €109,203 | -€4,288 | -3.8% |
| Current assets | 29/58 | €3,328 | €495 | -€2,833 | -85.1% |
| Cash at bank and in hand | 54/58 | €3,213 | €379 | -€2,834 | -88.2% |
| Deferred charges and accrued income | 490/1 | €115 | €116 | +€1 | +0.8% |
| Total equity and liabilities | 10/49 | €116,819 | €109,698 | -€7,121 | -6.1% |
| Equity | 10/15 | €46,819 | €38,609 | -€8,210 | -17.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,181 | -€31,391 | -€8,210 | -35.4% |
| Amounts payable | 17/49 | €70,000 | €71,089 | +€1,089 | +1.6% |
| Amounts payable within one year | 42/48 | €70,000 | €71,089 | +€1,089 | +1.6% |
| Trade debts | 44 | - | €1,089 | +€1,089 | |
| Suppliers | 440/4 | - | €1,089 | +€1,089 | |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,198 | €4,288 | +€1,090 | +34.1% |
| Other operating charges | 640/8 | €16,171 | €1,941 | -€14,230 | -88.0% |
| Gross operating margin | 9900 | -€3,706 | -€1,981 | +€1,725 | +46.5% |
| Operating profit (loss) | 9901 | -€23,075 | -€8,210 | +€14,865 | +64.4% |
| Financial charges | 65/66B | €106 | - | -€106 | |
| Recurring financial charges | 65 | €106 | - | -€106 | |
| Profit (loss) for the period before taxes | 9903 | -€23,181 | -€8,210 | +€14,971 | +64.6% |
| Profit (loss) for the period | 9904 | -€23,181 | -€8,210 | +€14,971 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,181 | -€8,210 | +€14,971 | +64.6% |
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 4 October 2026 via checked.be.