ERIC PUTS: 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.
ERIC PUTS
Largest movements
- Receivables within one year +€11,849
up €11,849 (+731.9%), from €1,619 to €13,468
of which Trade receivables: +€11,123
- Tangible fixed assets -€6,030
down €6,030 (-39.4%), from €15,287 to €9,257
of which Plant, machinery and equipment: -€5,510
- Deferred charges and accrued income -€1,185
down €1,185 (-34.2%), from €3,465 to €2,280
- Stocks and contracts +€851
up €851 (+20.9%), from €4,062 to €4,912
- Reserves +€4,392
up €4,392 (+7.9%), from €55,899 to €60,291
- Other debts +€1,890
up €1,890 (+17.3%), from €10,909 to €12,799
- Accrued charges and deferred income -€1,200
no longer reported in 2025 (was €1,200)
- Gross operating margin -€3,244
down €3,244 (-19.5%), from €16,678 to €13,434
- Taxes -€667
down €667 (-20.2%), from €3,305 to €2,638
- Depreciation -€363
down €363 (-5.1%), from €7,103 to €6,740
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 | €78,146 | €83,049 | +€4,903 | +6.3% |
| Fixed assets | 21/28 | €15,287 | €9,257 | -€6,030 | -39.4% |
| Tangible fixed assets | 22/27 | €15,287 | €9,257 | -€6,030 | -39.4% |
| Plant, machinery and equipment | 23 | €13,921 | €8,411 | -€5,510 | -39.6% |
| Furniture and vehicles | 24 | €1,366 | €846 | -€520 | -38.1% |
| Current assets | 29/58 | €62,859 | €73,793 | +€10,934 | +17.4% |
| Stocks and contracts in progress | 3 | €4,062 | €4,912 | +€851 | +20.9% |
| Stocks | 30/36 | €4,062 | €4,912 | +€851 | +20.9% |
| Amounts receivable within one year | 40/41 | €1,619 | €13,468 | +€11,849 | +731.9% |
| Trade receivables | 40 | - | €11,123 | +€11,123 | |
| Other amounts receivable | 41 | €1,619 | €2,345 | +€726 | +44.8% |
| Cash at bank and in hand | 54/58 | €53,713 | €53,132 | -€581 | -1.1% |
| Deferred charges and accrued income | 490/1 | €3,465 | €2,280 | -€1,185 | -34.2% |
| Total equity and liabilities | 10/49 | €78,146 | €83,049 | +€4,903 | +6.3% |
| Equity | 10/15 | €64,575 | €68,967 | +€4,392 | +6.8% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €55,899 | €60,291 | +€4,392 | +7.9% |
| Distributable reserves | 133 | €55,899 | €60,291 | +€4,392 | +7.9% |
| Amounts payable | 17/49 | €13,571 | €14,082 | +€511 | +3.8% |
| Amounts payable within one year | 42/48 | €12,371 | €14,082 | +€1,711 | +13.8% |
| Trade debts | 44 | €1,058 | €1,283 | +€225 | +21.3% |
| Suppliers | 440/4 | €1,058 | €1,283 | +€225 | +21.3% |
| Taxes, remuneration and social security | 45 | €403 | - | -€403 | |
| Taxes | 450/3 | €403 | - | -€403 | |
| Other amounts payable | 47/48 | €10,909 | €12,799 | +€1,890 | +17.3% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,103 | €6,740 | -€363 | -5.1% |
| Other operating charges | 640/8 | €438 | €439 | +€1 | +0.2% |
| Gross operating margin | 9900 | €16,678 | €13,434 | -€3,244 | -19.5% |
| Operating profit (loss) | 9901 | €9,136 | €6,255 | -€2,882 | -31.5% |
| Financial income | 75/76B | €678 | €817 | +€139 | +20.6% |
| Recurring financial income | 75 | €678 | €817 | +€139 | +20.6% |
| Financial charges | 65/66B | €39 | €41 | +€2 | +4.9% |
| Recurring financial charges | 65 | €39 | €41 | +€2 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €9,775 | €7,031 | -€2,744 | -28.1% |
| Income taxes | 67/77 | €3,305 | €2,638 | -€667 | -20.2% |
| Profit (loss) for the period | 9904 | €6,470 | €4,392 | -€2,077 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,470 | €4,392 | -€2,077 | -32.1% |
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 29 September 2026 via checked.be.