ERICNOR: 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.
ERICNOR
Largest movements
- Tangible fixed assets -€81,481
down €81,481 (-8.5%), from €958,205 to €876,724
of which Land and buildings: -€63,420
- Deferred charges and accrued income +€36,400
up €36,400 (+45.5%), from €80,000 to €116,400
- Receivables within one year +€14,888
up €14,888 (+59.4%), from €25,063 to €39,951
of which Trade receivables: +€12,624
- Debts after one year -€66,686
down €66,686 (-8.4%), from €791,727 to €725,041
of which Financial debts: -€66,686
- Short-term financial debts +€20,517
new in 2024: €20,517
- Trade debts +€13,242
up €13,242 (+423.9%), from €3,124 to €16,366
- Other operating charges +€9,411
up €9,411 (+2091233.3%), from €0 to €9,411
- Gross operating margin +€4,953
up €4,953 (+4.2%), from €118,967 to €123,921
- Depreciation +€2,946
up €2,946 (+3.5%), from €84,258 to €87,204
- Financial charges +€1,828
up €1,828 (+7.3%), from €25,040 to €26,868
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,073,573 | €1,033,568 | -€40,005 | -3.7% |
| Fixed assets | 21/28 | €958,205 | €876,724 | -€81,481 | -8.5% |
| Tangible fixed assets | 22/27 | €958,205 | €876,724 | -€81,481 | -8.5% |
| Land and buildings | 22 | €808,599 | €745,180 | -€63,420 | -7.8% |
| Plant, machinery and equipment | 23 | €129,900 | €119,683 | -€10,218 | -7.9% |
| Furniture and vehicles | 24 | €19,706 | €11,862 | -€7,844 | -39.8% |
| Current assets | 29/58 | €115,368 | €156,844 | +€41,476 | +36.0% |
| Amounts receivable within one year | 40/41 | €25,063 | €39,951 | +€14,888 | +59.4% |
| Trade receivables | 40 | €1,850 | €14,474 | +€12,624 | +682.4% |
| Other amounts receivable | 41 | €23,213 | €25,477 | +€2,264 | +9.8% |
| Cash at bank and in hand | 54/58 | €10,305 | €494 | -€9,812 | -95.2% |
| Deferred charges and accrued income | 490/1 | €80,000 | €116,400 | +€36,400 | +45.5% |
| Total equity and liabilities | 10/49 | €1,073,573 | €1,033,568 | -€40,005 | -3.7% |
| Equity | 10/15 | €1,247 | €2,367 | +€1,120 | +89.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,753 | -€47,633 | +€1,120 | +2.3% |
| Amounts payable | 17/49 | €1,072,326 | €1,031,201 | -€41,125 | -3.8% |
| Amounts payable after more than one year | 17 | €791,727 | €725,041 | -€66,686 | -8.4% |
| Financial debts | 170/4 | €770,727 | €704,041 | -€66,686 | -8.7% |
| Other amounts payable | 178/9 | €21,000 | €21,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €276,599 | €306,160 | +€29,561 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €64,847 | €62,436 | -€2,411 | -3.7% |
| Financial debts | 43 | - | €20,517 | +€20,517 | |
| Credit institutions | 430/8 | - | €20,517 | +€20,517 | |
| Trade debts | 44 | €3,124 | €16,366 | +€13,242 | +423.9% |
| Suppliers | 440/4 | €3,124 | €16,366 | +€13,242 | +423.9% |
| Taxes, remuneration and social security | 45 | - | €315 | +€315 | |
| Taxes | 450/3 | - | €315 | +€315 | |
| Other amounts payable | 47/48 | €208,628 | €206,525 | -€2,103 | -1.0% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,258 | €87,204 | +€2,946 | +3.5% |
| Other operating charges | 640/8 | €0 | €9,411 | +€9,411 | +2091233.3% |
| Gross operating margin | 9900 | €118,967 | €123,921 | +€4,953 | +4.2% |
| Operating profit (loss) | 9901 | €34,708 | €27,305 | -€7,403 | -21.3% |
| Financial income | 75/76B | €818 | €998 | +€180 | +21.9% |
| Recurring financial income | 75 | €818 | €998 | +€180 | +21.9% |
| Financial charges | 65/66B | €25,040 | €26,868 | +€1,828 | +7.3% |
| Recurring financial charges | 65 | €25,040 | €26,868 | +€1,828 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €10,487 | €1,435 | -€9,052 | -86.3% |
| Income taxes | 67/77 | - | €315 | +€315 | |
| Profit (loss) for the period | 9904 | €10,487 | €1,120 | -€9,367 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,487 | €1,120 | -€9,367 | -89.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.