ERIDANUS: 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.
ERIDANUS
Largest movements
- Tangible fixed assets -€189,184
down €189,184 (-9.1%), from €2.1m to €1.9m
of which Land and buildings: -€146,462
- Cash -€77,801
down €77,801 (-52.9%), from €146,982 to €69,181
mainly Other debts (-€279,211) and Current investments (-€75,842)
- Current investments +€75,842
up €75,842 (+32.0%), from €236,792 to €312,633
- Receivables within one year -€68,825
down €68,825 (-36.3%), from €189,475 to €120,651
of which Trade receivables: -€68,825
- Receivables after one year +€35,000
new in 2025: €35,000
- Other debts -€279,211
down €279,211 (-39.5%), from €705,974 to €426,762
- Reserves +€128,688
up €128,688 (+16.9%), from €762,307 to €890,995
of which Distributable reserves: +€128,688
- Debts after one year -€60,000
down €60,000 (-33.9%), from €176,968 to €116,968
- Accrued charges and deferred income -€29,633
down €29,633 (-38.8%), from €76,281 to €46,648
- Gross operating margin -€61,575
down €61,575 (-10.5%), from €583,835 to €522,260
- Financial charges -€24,301
down €24,301 (-31.8%), from €76,448 to €52,147
- Financial income +€9,505
up €9,505 (+188.7%), from €5,039 to €14,544
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 | €2,652,493 | €2,431,130 | -€221,363 | -8.3% |
| Fixed assets | 21/28 | €2,074,098 | €1,884,914 | -€189,184 | -9.1% |
| Tangible fixed assets | 22/27 | €2,074,098 | €1,884,914 | -€189,184 | -9.1% |
| Land and buildings | 22 | €1,900,297 | €1,753,835 | -€146,462 | -7.7% |
| Plant, machinery and equipment | 23 | €142,290 | €110,035 | -€32,255 | -22.7% |
| Furniture and vehicles | 24 | €31,511 | €21,043 | -€10,468 | -33.2% |
| Current assets | 29/58 | €578,395 | €546,217 | -€32,179 | -5.6% |
| Amounts receivable after more than one year | 29 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 291 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €189,475 | €120,651 | -€68,825 | -36.3% |
| Trade receivables | 40 | €189,475 | €120,651 | -€68,825 | -36.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €236,792 | €312,633 | +€75,842 | +32.0% |
| Cash at bank and in hand | 54/58 | €146,982 | €69,181 | -€77,801 | -52.9% |
| Deferred charges and accrued income | 490/1 | €5,146 | €8,752 | +€3,605 | +70.1% |
| Total equity and liabilities | 10/49 | €2,652,493 | €2,431,130 | -€221,363 | -8.3% |
| Equity | 10/15 | €1,613,103 | €1,741,791 | +€128,688 | +8.0% |
| Contributions | 10/11 | €870,000 | €870,000 | = | 0.0% |
| Reserves | 13 | €762,307 | €890,995 | +€128,688 | +16.9% |
| Tax-exempt reserves | 132 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €762,183 | €890,871 | +€128,688 | +16.9% |
| Profit (loss) carried forward | 14 | -€19,204 | -€19,204 | = | 0.0% |
| Amounts payable | 17/49 | €1,039,390 | €689,339 | -€350,051 | -33.7% |
| Amounts payable after more than one year | 17 | €176,968 | €116,968 | -€60,000 | -33.9% |
| Other amounts payable | 178/9 | €176,968 | €116,968 | -€60,000 | -33.9% |
| Amounts payable within one year | 42/48 | €786,141 | €525,722 | -€260,418 | -33.1% |
| Trade debts | 44 | €25,955 | €18,678 | -€7,277 | -28.0% |
| Suppliers | 440/4 | €25,955 | €18,678 | -€7,277 | -28.0% |
| Taxes, remuneration and social security | 45 | €54,212 | €80,282 | +€26,070 | +48.1% |
| Taxes | 450/3 | €53,544 | €79,090 | +€25,546 | +47.7% |
| Remuneration and social security | 454/9 | €668 | €1,192 | +€524 | +78.5% |
| Other amounts payable | 47/48 | €705,974 | €426,762 | -€279,211 | -39.5% |
| Accrued charges and deferred income | 492/3 | €76,281 | €46,648 | -€29,633 | -38.8% |
| Remuneration, social security and pensions | 62 | €9,227 | €9,324 | +€96 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,849 | €200,647 | -€1,202 | -0.6% |
| Other operating charges | 640/8 | €6,712 | €7,445 | +€733 | +10.9% |
| Gross operating margin | 9900 | €583,835 | €522,260 | -€61,575 | -10.5% |
| Operating profit (loss) | 9901 | €366,047 | €304,845 | -€61,202 | -16.7% |
| Financial income | 75/76B | €5,039 | €14,544 | +€9,505 | +188.7% |
| Recurring financial income | 75 | €5,039 | €14,544 | +€9,505 | +188.7% |
| Financial charges | 65/66B | €76,448 | €52,147 | -€24,301 | -31.8% |
| Recurring financial charges | 65 | €76,448 | €52,147 | -€24,301 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €294,637 | €267,241 | -€27,396 | -9.3% |
| Income taxes | 67/77 | €95,723 | €96,898 | +€1,176 | +1.2% |
| Profit (loss) for the period | 9904 | €198,915 | €170,343 | -€28,571 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €198,915 | €170,343 | -€28,571 | -14.4% |
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 7 October 2026 via checked.be.