ERIC SEPUL CARRELAGE: 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.
ERIC SEPUL CARRELAGE
Largest movements
- Tangible fixed assets -€11,822
down €11,822 (-20.4%), from €57,856 to €46,034
of which Furniture and vehicles: -€12,773
- Cash -€3,536
down €3,536 (-9.1%), from €38,828 to €35,292
mainly Debts after one year (-€11,673) and Trade debts (-€2,456)
- Receivables within one year -€2,168
down €2,168 (-14.5%), from €14,993 to €12,825
of which Other amounts receivable: -€3,860
- Deferred charges and accrued income +€1,147
up €1,147 (+121%), from €947 to €2,094
- Debts after one year -€11,673
down €11,673 (-26.7%), from €43,664 to €31,990
- Trade debts -€2,456
down €2,456 (-83.0%), from €2,960 to €504
- Other debts -€1,849
down €1,849 (-22.6%), from €8,180 to €6,330
- Current portion of long-term debt -€1,794
down €1,794 (-13.2%), from €13,542 to €11,748
- Profit (loss) carried forward +€1,230
up €1,230 (+3.2%), from €38,736 to €39,966
- Depreciation +€6,490
up €6,490 (+94.4%), from €6,876 to €13,366
- Staff costs +€3,272
up €3,272 (+6.7%), from €49,122 to €52,394
- Gross operating margin +€1,104
up €1,104 (+1.5%), from €72,261 to €73,365
- Financial charges +€874
up €874 (+67.5%), from €1,295 to €2,169
- Other operating charges +€769
up €769 (+74.0%), from €1,039 to €1,808
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,081 | €96,656 | -€16,424 | -14.5% |
| Fixed assets | 21/28 | €58,268 | €46,445 | -€11,822 | -20.3% |
| Tangible fixed assets | 22/27 | €57,856 | €46,034 | -€11,822 | -20.4% |
| Plant, machinery and equipment | 23 | €399 | €1,350 | +€951 | +238% |
| Furniture and vehicles | 24 | €57,457 | €44,684 | -€12,773 | -22.2% |
| Financial fixed assets | 28 | €412 | €412 | = | 0.0% |
| Current assets | 29/58 | €54,813 | €50,211 | -€4,602 | -8.4% |
| Stocks and contracts in progress | 3 | €45 | €0 | -€45 | -100% |
| Contracts in progress | 37 | €45 | €0 | -€45 | -100% |
| Amounts receivable within one year | 40/41 | €14,993 | €12,825 | -€2,168 | -14.5% |
| Trade receivables | 40 | €7,437 | €9,130 | +€1,693 | +22.8% |
| Other amounts receivable | 41 | €7,556 | €3,695 | -€3,860 | -51.1% |
| Cash at bank and in hand | 54/58 | €38,828 | €35,292 | -€3,536 | -9.1% |
| Deferred charges and accrued income | 490/1 | €947 | €2,094 | +€1,147 | +121% |
| Total equity and liabilities | 10/49 | €113,081 | €96,656 | -€16,424 | -14.5% |
| Equity | 10/15 | €44,736 | €45,966 | +€1,230 | +2.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,736 | €39,966 | +€1,230 | +3.2% |
| Amounts payable | 17/49 | €68,345 | €50,690 | -€17,654 | -25.8% |
| Amounts payable after more than one year | 17 | €43,664 | €31,990 | -€11,673 | -26.7% |
| Financial debts | 170/4 | €43,664 | €31,990 | -€11,673 | -26.7% |
| Amounts payable within one year | 42/48 | €24,681 | €18,700 | -€5,981 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €13,542 | €11,748 | -€1,794 | -13.2% |
| Trade debts | 44 | €2,960 | €504 | -€2,456 | -83.0% |
| Suppliers | 440/4 | €2,960 | €504 | -€2,456 | -83.0% |
| Taxes, remuneration and social security | 45 | €0 | €118 | +€118 | |
| Taxes | 450/3 | €0 | €118 | +€118 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €8,180 | €6,330 | -€1,849 | -22.6% |
| Non-recurring operating income | 76A | €2,027 | - | -€2,027 | |
| Remuneration, social security and pensions | 62 | €49,122 | €52,394 | +€3,272 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,876 | €13,366 | +€6,490 | +94.4% |
| Other operating charges | 640/8 | €1,039 | €1,808 | +€769 | +74.0% |
| Non-recurring operating charges | 66A | €623 | - | -€623 | |
| Gross operating margin | 9900 | €72,261 | €73,365 | +€1,104 | +1.5% |
| Operating profit (loss) | 9901 | €14,602 | €5,797 | -€8,804 | -60.3% |
| Financial income | 75/76B | €6 | €2 | -€4 | -61.5% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -61.5% |
| Financial charges | 65/66B | €1,295 | €2,169 | +€874 | +67.5% |
| Recurring financial charges | 65 | €1,295 | €2,169 | +€874 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €13,313 | €3,631 | -€9,682 | -72.7% |
| Income taxes | 67/77 | €2,992 | €2,401 | -€591 | -19.7% |
| Profit (loss) for the period | 9904 | €10,321 | €1,230 | -€9,091 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,321 | €1,230 | -€9,091 | -88.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.