ERICOM: 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.
ERICOM
Largest movements
- Receivables within one year -€98,555
down €98,555 (-56.4%), from €174,777 to €76,222
of which Trade receivables: -€100,863
- Cash +€81,220
up €81,220 (+112.7%), from €72,050 to €153,270
mainly Receivables within one year (+€98,555) and Net result for the year (+€39,047)
- Stocks and contracts +€57,727
up €57,727 (+193.3%), from €29,856 to €87,583
- Current investments -€5,376
down €5,376 (-13.1%), from €41,069 to €35,693
- Trade debts +€25,487
up €25,487 (+43.1%), from €59,135 to €84,622
- Reserves +€11,505
up €11,505 (+4.9%), from €237,138 to €248,643
- Tax, wage and social debts -€6,995
down €6,995 (-39.0%), from €17,957 to €10,963
of which Remuneration and social security: -€7,033
- Current portion of long-term debt +€4,168
up €4,168 (+282.7%), from €1,474 to €5,642
- Staff costs -€28,944
down €28,944 (-26.2%), from €110,672 to €81,728
- Financial income +€15,508
up €15,508 (+282.5%), from €5,489 to €20,996
- Taxes +€12,498
up €12,498 (+344.9%), from €3,623 to €16,121
- Gross operating margin +€2,277
up €2,277 (+2.0%), from €115,491 to €117,769
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 | €337,292 | €371,817 | +€34,525 | +10.2% |
| Fixed assets | 21/28 | €5,152 | €4,754 | -€398 | -7.7% |
| Tangible fixed assets | 22/27 | €1,090 | €692 | -€398 | -36.5% |
| Plant, machinery and equipment | 23 | €1,090 | €692 | -€398 | -36.5% |
| Financial fixed assets | 28 | €4,062 | €4,062 | = | 0.0% |
| Current assets | 29/58 | €332,140 | €367,063 | +€34,922 | +10.5% |
| Stocks and contracts in progress | 3 | €29,856 | €87,583 | +€57,727 | +193.3% |
| Stocks | 30/36 | €29,856 | €87,583 | +€57,727 | +193.3% |
| Amounts receivable within one year | 40/41 | €174,777 | €76,222 | -€98,555 | -56.4% |
| Trade receivables | 40 | €168,044 | €67,180 | -€100,863 | -60.0% |
| Other amounts receivable | 41 | €6,733 | €9,041 | +€2,308 | +34.3% |
| Current investments | 50/53 | €41,069 | €35,693 | -€5,376 | -13.1% |
| Cash at bank and in hand | 54/58 | €72,050 | €153,270 | +€81,220 | +112.7% |
| Deferred charges and accrued income | 490/1 | €14,388 | €14,295 | -€93 | -0.6% |
| Total equity and liabilities | 10/49 | €337,292 | €371,817 | +€34,525 | +10.2% |
| Equity | 10/15 | €256,030 | €267,535 | +€11,505 | +4.5% |
| Contributions | 10/11 | €18,892 | €18,892 | = | 0.0% |
| Reserves | 13 | €237,138 | €248,643 | +€11,505 | +4.9% |
| Distributable reserves | 133 | €237,138 | €248,643 | +€11,505 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,262 | €104,282 | +€23,020 | +28.3% |
| Amounts payable within one year | 42/48 | €81,262 | €104,282 | +€23,020 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €1,474 | €5,642 | +€4,168 | +282.7% |
| Trade debts | 44 | €59,135 | €84,622 | +€25,487 | +43.1% |
| Suppliers | 440/4 | €59,135 | €84,622 | +€25,487 | +43.1% |
| Taxes, remuneration and social security | 45 | €17,957 | €10,963 | -€6,995 | -39.0% |
| Taxes | 450/3 | €8,976 | €9,014 | +€38 | +0.4% |
| Remuneration and social security | 454/9 | €8,982 | €1,949 | -€7,033 | -78.3% |
| Other amounts payable | 47/48 | €2,695 | €3,055 | +€360 | +13.4% |
| Remuneration, social security and pensions | 62 | €110,672 | €81,728 | -€28,944 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €798 | €398 | -€401 | -50.2% |
| Other operating charges | 640/8 | €629 | €728 | +€99 | +15.8% |
| Gross operating margin | 9900 | €115,491 | €117,769 | +€2,277 | +2.0% |
| Operating profit (loss) | 9901 | €3,392 | €34,914 | +€31,522 | +929.4% |
| Financial income | 75/76B | €5,489 | €20,996 | +€15,508 | +282.5% |
| Recurring financial income | 75 | €5,489 | €20,996 | +€15,508 | +282.5% |
| Financial charges | 65/66B | €685 | €743 | +€58 | +8.5% |
| Recurring financial charges | 65 | €685 | €743 | +€58 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €8,196 | €55,168 | +€46,972 | +573.1% |
| Income taxes | 67/77 | €3,623 | €16,121 | +€12,498 | +344.9% |
| Profit (loss) for the period | 9904 | €4,572 | €39,047 | +€34,474 | +754.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,572 | €39,047 | +€34,474 | +754.0% |
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 11 October 2026 via checked.be.