EREZEE CONSTRUCT: 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.
EREZEE CONSTRUCT
Largest movements
- Cash +€19,420
up €19,420 (+224.6%), from €8,647 to €28,067
mainly Depreciation (+€23,127) and Net result for the year (+€11,308)
- Tangible fixed assets -€18,033
down €18,033 (-14.2%), from €127,108 to €109,075
of which Furniture and vehicles: -€15,121
- Stocks and contracts +€10,118
up €10,118 (+184.0%), from €5,500 to €15,618
- Receivables within one year -€9,013
down €9,013 (-16.2%), from €55,478 to €46,465
of which Trade receivables: -€12,233
- Reserves +€11,308
up €11,308 (+10.8%), from €105,150 to €116,458
- Other debts -€9,349
down €9,349 (-17.0%), from €54,900 to €45,551
- Trade debts +€6,705
up €6,705 (+61.5%), from €10,906 to €17,610
- Tax, wage and social debts -€6,005
down €6,005 (-86.2%), from €6,968 to €963
- Gross operating margin -€8,512
down €8,512 (-16.9%), from €50,427 to €41,915
- Depreciation -€4,786
down €4,786 (-17.1%), from €27,913 to €23,127
- Taxes -€1,027
down €1,027 (-12.3%), from €8,336 to €7,308
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 | €202,487 | €205,167 | +€2,680 | +1.3% |
| Fixed assets | 21/28 | €127,108 | €109,075 | -€18,033 | -14.2% |
| Tangible fixed assets | 22/27 | €127,108 | €109,075 | -€18,033 | -14.2% |
| Land and buildings | 22 | €63,155 | €63,920 | +€764 | +1.2% |
| Plant, machinery and equipment | 23 | €18,927 | €11,087 | -€7,840 | -41.4% |
| Furniture and vehicles | 24 | €35,022 | €19,901 | -€15,121 | -43.2% |
| Other tangible fixed assets | 26 | €10,004 | €14,168 | +€4,164 | +41.6% |
| Current assets | 29/58 | €75,379 | €96,092 | +€20,713 | +27.5% |
| Stocks and contracts in progress | 3 | €5,500 | €15,618 | +€10,118 | +184.0% |
| Stocks | 30/36 | €5,500 | €15,618 | +€10,118 | +184.0% |
| Amounts receivable within one year | 40/41 | €55,478 | €46,465 | -€9,013 | -16.2% |
| Trade receivables | 40 | €52,393 | €40,160 | -€12,233 | -23.3% |
| Other amounts receivable | 41 | €3,085 | €6,305 | +€3,220 | +104.4% |
| Cash at bank and in hand | 54/58 | €8,647 | €28,067 | +€19,420 | +224.6% |
| Deferred charges and accrued income | 490/1 | €5,754 | €5,942 | +€188 | +3.3% |
| Total equity and liabilities | 10/49 | €202,487 | €205,167 | +€2,680 | +1.3% |
| Equity | 10/15 | €129,713 | €141,021 | +€11,308 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,150 | €116,458 | +€11,308 | +10.8% |
| Distributable reserves | 133 | €105,150 | €116,458 | +€11,308 | +10.8% |
| Profit (loss) carried forward | 14 | €5,964 | €5,964 | = | 0.0% |
| Amounts payable | 17/49 | €72,774 | €64,146 | -€8,628 | -11.9% |
| Amounts payable within one year | 42/48 | €72,774 | €64,125 | -€8,649 | -11.9% |
| Trade debts | 44 | €10,906 | €17,610 | +€6,705 | +61.5% |
| Suppliers | 440/4 | €10,906 | €17,610 | +€6,705 | +61.5% |
| Taxes, remuneration and social security | 45 | €6,968 | €963 | -€6,005 | -86.2% |
| Taxes | 450/3 | €6,968 | €963 | -€6,005 | -86.2% |
| Other amounts payable | 47/48 | €54,900 | €45,551 | -€9,349 | -17.0% |
| Accrued charges and deferred income | 492/3 | €0 | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,913 | €23,127 | -€4,786 | -17.1% |
| Other operating charges | 640/8 | €138 | €0 | -€138 | -100.0% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €50,427 | €41,915 | -€8,512 | -16.9% |
| Operating profit (loss) | 9901 | €22,376 | €18,662 | -€3,713 | -16.6% |
| Financial income | 75/76B | €65 | €29 | -€35 | -54.4% |
| Recurring financial income | 75 | €65 | €29 | -€35 | -54.4% |
| Financial charges | 65/66B | €119 | €76 | -€44 | -36.6% |
| Recurring financial charges | 65 | €119 | €76 | -€44 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €22,321 | €18,616 | -€3,705 | -16.6% |
| Income taxes | 67/77 | €8,336 | €7,308 | -€1,027 | -12.3% |
| Profit (loss) for the period | 9904 | €13,985 | €11,308 | -€2,677 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,985 | €11,308 | -€2,677 | -19.1% |
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 30 September 2026 via checked.be.