ERIMCO: what changed
What changed
ERIMCO
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€33,906
2025 · -€22,199-€11,707
Equity
€214,727
2025 · €248,633-€33,906
Cash
€18,157
2025 · €13,721+€4,436
Balance sheet total
€730,730
2025 · €810,738-€80,008
Largest movements
Assets
- Stocks and contracts -€119,798
down €119,798 (-40.6%), from €295,068 to €175,269
of which Stocks: -€94,798
- Receivables within one year +€39,653
up €39,653 (+94.8%), from €41,823 to €81,476
of which Trade receivables: +€46,881
Equity and liabilities
- Other debts -€81,365
down €81,365 (-60.2%), from €135,210 to €53,845
- Trade debts -€55,790
down €55,790 (-64.2%), from €86,909 to €31,119
- Debts after one year +€53,723
up €53,723 (+28.1%), from €190,960 to €244,683
- Tax, wage and social debts +€34,985
up €34,985 (+4,202%), from €833 to €35,817
of which Taxes: +€34,089
- Profit (loss) carried forward -€25,038
down €25,038 (-23.1%), from -€108,314 to -€133,352
Income statement
- Financial charges +€32,496
up €32,496 (+236%), from €13,761 to €46,257
of which Non-recurring financial charges: +€31,605
- Staff costs -€13,884
down €13,884 (-20.5%), from €67,630 to €53,746
- Other operating charges -€5,363
down €5,363 (-43.2%), from €12,412 to €7,049
- Write-downs +€2,789
up €2,789 (+708%), from €394 to €3,183
- Depreciation +€1,388
up €1,388 (+2.8%), from €50,163 to €51,551
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€22,199
Gross operating margin
+€783
Staff costs
+€13,884
Depreciation
-€1,388
Write-downs
-€2,789
Other operating charges
+€5,363
Other operating items
+€4,877
Financial income
-€317
Financial charges
-€32,496
Taxes
-€1
Deferred taxes and other
+€378
Result 2026
-€33,906
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€8,480
Investment
-€48,442
Financing
+€61,357
Cash 2025
€13,721
From operations (derived)
-€8,480
Net result for the year
-€33,906
Depreciation
+€51,551
Stocks and contracts
+€119,798
Receivables within one year
-€39,653
Deferred charges and accrued income
+€1,190
Provisions
-€2,737
Trade debts
-€55,790
Tax, wage and social debts
+€34,985
Other debts
-€81,365
Accrued charges and deferred income
-€2,551
Investment (derived)
-€48,442
Investment in fixed assets (net)
-€48,442
Financing
+€61,357
Debts after one year
+€53,723
Current portion of long-term debt
+€7,634
Cash 2026
€18,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €810,738 | €730,730 | -€80,008 | -9.9% |
| Fixed assets | 21/28 | €458,937 | €455,828 | -€3,109 | -0.7% |
| Tangible fixed assets | 22/27 | €458,937 | €455,828 | -€3,109 | -0.7% |
| Land and buildings | 22 | €442,504 | €444,564 | +€2,059 | +0.5% |
| Plant, machinery and equipment | 23 | €800 | €218 | -€582 | -72.7% |
| Furniture and vehicles | 24 | €15,632 | €11,046 | -€4,586 | -29.3% |
| Current assets | 29/58 | €351,801 | €274,902 | -€76,899 | -21.9% |
| Stocks and contracts in progress | 3 | €295,068 | €175,269 | -€119,798 | -40.6% |
| Stocks | 30/36 | €270,068 | €175,269 | -€94,798 | -35.1% |
| Contracts in progress | 37 | €25,000 | €0 | -€25,000 | -100% |
| Amounts receivable within one year | 40/41 | €41,823 | €81,476 | +€39,653 | +94.8% |
| Trade receivables | 40 | €34,548 | €81,429 | +€46,881 | +136% |
| Other amounts receivable | 41 | €7,275 | €47 | -€7,228 | -99.4% |
| Cash at bank and in hand | 54/58 | €13,721 | €18,157 | +€4,436 | +32.3% |
| Deferred charges and accrued income | 490/1 | €1,190 | €0 | -€1,190 | -100% |
| Total equity and liabilities | 10/49 | €810,738 | €730,730 | -€80,008 | -9.9% |
| Equity | 10/15 | €248,633 | €214,727 | -€33,906 | -13.6% |
| Contributions | 10/11 | €199,554 | €199,554 | = | 0.0% |
| Capital | 10 | €199,554 | €199,554 | = | 0.0% |
| Issued capital | 100 | €199,554 | €199,554 | = | 0.0% |
| Revaluation surpluses | 12 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €125,167 | €116,299 | -€8,868 | -7.1% |
| Tax-exempt reserves | 132 | €125,167 | €116,299 | -€8,868 | -7.1% |
| Profit (loss) carried forward | 14 | -€108,314 | -€133,352 | -€25,038 | -23.1% |
| Provisions and deferred taxes | 16 | €33,370 | €30,633 | -€2,737 | -8.2% |
| Deferred taxes | 168 | €33,370 | €30,633 | -€2,737 | -8.2% |
| Amounts payable | 17/49 | €528,734 | €485,370 | -€43,364 | -8.2% |
| Amounts payable after more than one year | 17 | €190,960 | €244,683 | +€53,723 | +28.1% |
| Financial debts | 170/4 | €190,960 | €244,683 | +€53,723 | +28.1% |
| Amounts payable within one year | 42/48 | €335,223 | €240,687 | -€94,537 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €112,272 | €119,906 | +€7,634 | +6.8% |
| Trade debts | 44 | €86,909 | €31,119 | -€55,790 | -64.2% |
| Suppliers | 440/4 | €86,909 | €31,119 | -€55,790 | -64.2% |
| Taxes, remuneration and social security | 45 | €833 | €35,817 | +€34,985 | +4,202% |
| Taxes | 450/3 | €140 | €34,229 | +€34,089 | +24,297% |
| Remuneration and social security | 454/9 | €692 | €1,588 | +€896 | +129% |
| Other amounts payable | 47/48 | €135,210 | €53,845 | -€81,365 | -60.2% |
| Accrued charges and deferred income | 492/3 | €2,551 | €0 | -€2,551 | -100% |
| Remuneration, social security and pensions | 62 | €67,630 | €53,746 | -€13,884 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,163 | €51,551 | +€1,388 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €394 | €3,183 | +€2,789 | +708% |
| Other operating charges | 640/8 | €12,412 | €7,049 | -€5,363 | -43.2% |
| Non-recurring operating charges | 66A | €5,125 | €248 | -€4,877 | -95.2% |
| Gross operating margin | 9900 | €124,543 | €125,326 | +€783 | +0.6% |
| Operating profit (loss) | 9901 | -€11,180 | €9,550 | +€20,730 | |
| Financial income | 75/76B | €523 | €205 | -€317 | -60.8% |
| Recurring financial income | 75 | €523 | €205 | -€317 | -60.8% |
| Financial charges | 65/66B | €13,761 | €46,257 | +€32,496 | +236% |
| Recurring financial charges | 65 | €12,629 | €13,520 | +€891 | +7.1% |
| Non-recurring financial charges | 66B | €1,131 | €32,736 | +€31,605 | +2,794% |
| Profit (loss) for the period before taxes | 9903 | -€24,418 | -€36,502 | -€12,084 | -49.5% |
| Transfer from deferred taxes | 780 | €2,359 | €2,737 | +€378 | +16.0% |
| Income taxes | 67/77 | €140 | €142 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€22,199 | -€33,906 | -€11,707 | -52.7% |
| Transfer from tax-exempt reserves | 789 | €7,356 | €8,868 | +€1,512 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,843 | -€25,038 | -€10,195 | -68.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.