ERIFRE: 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.
ERIFRE
Largest movements
- Tangible fixed assets -€23,504
down €23,504 (-14.5%), from €162,109 to €138,605
of which Other tangible fixed assets: -€20,390
- Cash +€16,403
up €16,403 (+18.0%), from €91,120 to €107,523
mainly Depreciation (+€28,464) and Net result for the year (+€23,034)
- Receivables within one year +€14,509
up €14,509 (+37.2%), from €38,950 to €53,458
of which Other amounts receivable: +€8,792
- Profit (loss) carried forward +€23,034
up €23,034, from -€2,502 to €20,532
- Debts after one year -€11,421
down €11,421 (-8.0%), from €142,406 to €130,985
- Staff costs -€16,283
down €16,283 (-13.7%), from €119,173 to €102,891
- Gross operating margin +€12,940
up €12,940 (+8.1%), from €159,738 to €172,678
- Taxes +€10,145
up €10,145 (+862.5%), from €1,176 to €11,322
- Other operating charges -€9,912
down €9,912 (-76.1%), from €13,032 to €3,119
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 | €293,976 | €302,653 | +€8,677 | +3.0% |
| Fixed assets | 21/28 | €162,109 | €138,605 | -€23,504 | -14.5% |
| Tangible fixed assets | 22/27 | €162,109 | €138,605 | -€23,504 | -14.5% |
| Plant, machinery and equipment | 23 | €2,551 | €919 | -€1,632 | -64.0% |
| Furniture and vehicles | 24 | €17,959 | €16,478 | -€1,481 | -8.2% |
| Other tangible fixed assets | 26 | €141,599 | €121,209 | -€20,390 | -14.4% |
| Current assets | 29/58 | €131,867 | €164,048 | +€32,181 | +24.4% |
| Amounts receivable within one year | 40/41 | €38,950 | €53,458 | +€14,509 | +37.2% |
| Trade receivables | 40 | €16,092 | €21,809 | +€5,717 | +35.5% |
| Other amounts receivable | 41 | €22,857 | €31,649 | +€8,792 | +38.5% |
| Cash at bank and in hand | 54/58 | €91,120 | €107,523 | +€16,403 | +18.0% |
| Deferred charges and accrued income | 490/1 | €1,798 | €3,067 | +€1,269 | +70.6% |
| Total equity and liabilities | 10/49 | €293,976 | €302,653 | +€8,677 | +3.0% |
| Equity | 10/15 | €10,998 | €34,032 | +€23,034 | +209.4% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,502 | €20,532 | +€23,034 | |
| Amounts payable | 17/49 | €282,978 | €268,622 | -€14,357 | -5.1% |
| Amounts payable after more than one year | 17 | €142,406 | €130,985 | -€11,421 | -8.0% |
| Financial debts | 170/4 | €142,406 | €130,985 | -€11,421 | -8.0% |
| Amounts payable within one year | 42/48 | €140,572 | €137,636 | -€2,936 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €12,061 | €12,360 | +€299 | +2.5% |
| Trade debts | 44 | €911 | €2,046 | +€1,135 | +124.6% |
| Suppliers | 440/4 | €911 | €2,046 | +€1,135 | +124.6% |
| Taxes, remuneration and social security | 45 | €16,252 | €13,985 | -€2,267 | -13.9% |
| Taxes | 450/3 | €12,379 | €13,985 | +€1,606 | +13.0% |
| Remuneration and social security | 454/9 | €3,873 | €0 | -€3,873 | -100.0% |
| Other amounts payable | 47/48 | €111,349 | €109,246 | -€2,103 | -1.9% |
| Remuneration, social security and pensions | 62 | €119,173 | €102,891 | -€16,283 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,254 | €28,464 | -€790 | -2.7% |
| Other operating charges | 640/8 | €13,032 | €3,119 | -€9,912 | -76.1% |
| Gross operating margin | 9900 | €159,738 | €172,678 | +€12,940 | +8.1% |
| Operating profit (loss) | 9901 | -€1,721 | €38,204 | +€39,925 | |
| Financial income | 75/76B | €3 | €4 | +€1 | +32.5% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +32.5% |
| Financial charges | 65/66B | €4,183 | €3,852 | -€331 | -7.9% |
| Recurring financial charges | 65 | €4,183 | €3,852 | -€331 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,902 | €34,356 | +€40,257 | |
| Income taxes | 67/77 | €1,176 | €11,322 | +€10,145 | +862.5% |
| Profit (loss) for the period | 9904 | -€7,078 | €23,034 | +€30,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,078 | €23,034 | +€30,112 |
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 1 October 2026 via checked.be.