ERIHOLD S.A.: 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.
What changed
ERIHOLD S.A.
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€894,310
2024 · €6.9m-€6.0m
Equity
€20.1m
2024 · €20.1m+€48,277
Cash
€24,038
2024 · €332,256-€308,218
Balance sheet total
€20.8m
2024 · €24.2m-€3.4m
Largest movements
Assets
- Current investments -€2.9m
down €2.9m (-100.0%), from €2.9m to €0
- Tangible fixed assets -€376,221
down €376,221 (-100.0%), from €376,221 to €0
- Cash -€308,218
down €308,218 (-92.8%), from €332,256 to €24,038
mainly Other debts (-€3.5m) and Contributions, distributions and other (-€846,033)
Equity and liabilities
- Other debts -€3.5m
down €3.5m (-85.4%), from €4.1m to €600,000
- Profit (loss) carried forward +€3.2m
up €3.2m (+21.2%), from €15.1m to €18.3m
- Reserves -€2.9m
down €2.9m (-92.5%), from €3.1m to €235,000
of which Non-distributable reserves: -€2.9m
- Revaluation surpluses -€246,033
no longer reported in 2025 (was €246,033)
Income statement
- Financial income -€5.9m
down €5.9m (-84.2%), from €7.0m to €1.1m
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.
Result 2024
€6.9m
Services and other goods
-€91,269
Other operating charges
+€4,230
Financial income
-€5.9m
Financial charges
+€130
Taxes
-€10,353
Result 2025
€894,310
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.
From operations
-€2.7m
Investment
+€3.3m
Financing
-€846,033
Cash 2024
€332,256
From operations (derived)
-€2.7m
Net result for the year
+€894,310
Receivables after one year
-€149,999
Smaller working-capital items
+€3,283
Tax, wage and social debts
+€9,000
Other debts
-€3.5m
Investment (derived)
+€3.3m
Investment in fixed assets (net)
+€376,221
Current investments
+€2.9m
Financing
-€846,033
Contributions, distributions and other
-€846,033
Cash 2025
€24,038
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,222,572 | €20,781,274 | -€3.4m | -14.2% |
| Fixed assets | 21/28 | €380,211 | €3,990 | -€376,221 | -99.0% |
| Tangible fixed assets | 22/27 | €376,221 | €0 | -€376,221 | -100.0% |
| Land and buildings | 22 | €376,221 | €0 | -€376,221 | -100.0% |
| Financial fixed assets | 28 | €3,990 | €3,990 | = | 0.0% |
| Affiliated companies | 280/1 | €3,990 | €3,990 | = | 0.0% |
| Participating interests | 280 | €3,990 | €3,990 | = | 0.0% |
| Amounts receivable | 281 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €0 | €0 | = | |
| Shares | 284 | €0 | €0 | = | |
| Current assets | 29/58 | €23,842,361 | €20,777,284 | -€3.1m | -12.9% |
| Amounts receivable after more than one year | 29 | €20,567,814 | €20,717,813 | +€149,999 | +0.7% |
| Other amounts receivable | 291 | €20,567,814 | €20,717,813 | +€149,999 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,657 | €1,931 | +€274 | +16.5% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,657 | €1,931 | +€274 | +16.5% |
| Current investments | 50/53 | €2,905,000 | €0 | -€2.9m | -100.0% |
| Own shares | 50 | €2,905,000 | €0 | -€2.9m | -100.0% |
| Cash at bank and in hand | 54/58 | €332,256 | €24,038 | -€308,218 | -92.8% |
| Deferred charges and accrued income | 490/1 | €35,634 | €33,502 | -€2,132 | -6.0% |
| Total equity and liabilities | 10/49 | €24,222,572 | €20,781,274 | -€3.4m | -14.2% |
| Equity | 10/15 | €20,091,890 | €20,140,167 | +€48,277 | +0.2% |
| Contributions | 10/11 | €1,632,269 | €1,632,269 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Contributions outside capital | 11 | €132,269 | €132,269 | = | 0.0% |
| Share premium | 1100/10 | €132,269 | €132,269 | = | 0.0% |
| Revaluation surpluses | 12 | €246,033 | - | -€246,033 | |
| Reserves | 13 | €3,140,000 | €235,000 | -€2.9m | -92.5% |
| Non-distributable reserves | 130/1 | €3,105,000 | €200,000 | -€2.9m | -93.6% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Own shares acquired | 1312 | €2,905,000 | €0 | -€2.9m | -100.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,073,588 | €18,272,898 | +€3.2m | +21.2% |
| Amounts payable | 17/49 | €4,130,682 | €641,107 | -€3.5m | -84.5% |
| Amounts payable within one year | 42/48 | €4,130,682 | €641,107 | -€3.5m | -84.5% |
| Trade debts | 44 | €30,682 | €32,107 | +€1,425 | +4.6% |
| Suppliers | 440/4 | €30,682 | €32,107 | +€1,425 | +4.6% |
| Taxes, remuneration and social security | 45 | - | €9,000 | +€9,000 | |
| Taxes | 450/3 | - | €9,000 | +€9,000 | |
| Other amounts payable | 47/48 | €4,100,000 | €600,000 | -€3.5m | -85.4% |
| Operating income | 70/76A | €0 | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €109,344 | €196,383 | +€87,039 | +79.6% |
| Services and other goods | 61 | €99,833 | €191,102 | +€91,269 | +91.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €9,511 | €5,281 | -€4,230 | -44.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€109,344 | -€196,383 | -€87,039 | -79.6% |
| Financial income | 75/76B | €6,996,866 | €1,102,193 | -€5.9m | -84.2% |
| Recurring financial income | 75 | €6,996,866 | €1,102,193 | -€5.9m | -84.2% |
| Income from financial fixed assets | 750 | €6,962,356 | €1,069,812 | -€5.9m | -84.6% |
| Other financial income | 752/9 | €34,510 | €32,381 | -€2,129 | -6.2% |
| Financial charges | 65/66B | €1,277 | €1,147 | -€130 | -10.2% |
| Recurring financial charges | 65 | €1,277 | €1,147 | -€130 | -10.2% |
| Other financial charges | 652/9 | €1,277 | €1,147 | -€130 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €6,886,245 | €904,663 | -€6.0m | -86.9% |
| Income taxes | 67/77 | €0 | €10,353 | +€10,353 | |
| Taxes | 670/3 | €0 | €10,353 | +€10,353 | |
| Profit (loss) for the period | 9904 | €6,886,245 | €894,310 | -€6.0m | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,886,245 | €894,310 | -€6.0m | -87.0% |
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.