ERINCK: 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.
ERINCK
Largest movements
- Cash +€32,803
up €32,803 (+46.0%), from €71,385 to €104,187
mainly Net result for the year (+€17,141) and Depreciation (+€16,417)
- Tangible fixed assets -€16,417
down €16,417 (-5.8%), from €284,002 to €267,585
- Reserves +€17,141
up €17,141 (+34.2%), from €50,066 to €67,207
of which Distributable reserves: +€17,141
No income-statement line moved by more than 1% of the activity.
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.
Derived cash bridge
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 | €446,974 | €465,267 | +€18,293 | +4.1% |
| Fixed assets | 21/28 | €284,002 | €267,585 | -€16,417 | -5.8% |
| Tangible fixed assets | 22/27 | €284,002 | €267,585 | -€16,417 | -5.8% |
| Land and buildings | 22 | €284,002 | €267,585 | -€16,417 | -5.8% |
| Current assets | 29/58 | €162,972 | €197,682 | +€34,710 | +21.3% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19 | €1,882 | +€1,863 | +9,692% |
| Other amounts receivable | 41 | €19 | €1,882 | +€1,863 | +9,692% |
| Cash at bank and in hand | 54/58 | €71,385 | €104,187 | +€32,803 | +46.0% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,613 | +€44 | +2.8% |
| Total equity and liabilities | 10/49 | €446,974 | €465,267 | +€18,293 | +4.1% |
| Equity | 10/15 | €111,566 | €128,707 | +€17,141 | +15.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €50,066 | €67,207 | +€17,141 | +34.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €43,916 | €61,057 | +€17,141 | +39.0% |
| Amounts payable | 17/49 | €335,408 | €336,560 | +€1,152 | +0.3% |
| Amounts payable after more than one year | 17 | €320,000 | €320,000 | = | 0.0% |
| Financial debts | 170/4 | €320,000 | €320,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,008 | €10,160 | +€1,152 | +12.8% |
| Trade debts | 44 | €915 | €3,292 | +€2,377 | +260% |
| Suppliers | 440/4 | €915 | €3,292 | +€2,377 | +260% |
| Taxes, remuneration and social security | 45 | €2,121 | €896 | -€1,225 | -57.7% |
| Taxes | 450/3 | €2,121 | €896 | -€1,225 | -57.7% |
| Other amounts payable | 47/48 | €5,971 | €5,971 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,400 | €6,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,417 | €16,417 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,459 | €4,519 | +€60 | +1.4% |
| Gross operating margin | 9900 | €50,923 | €50,724 | -€199 | -0.4% |
| Operating profit (loss) | 9901 | €30,046 | €29,787 | -€259 | -0.9% |
| Financial charges | 65/66B | €6,461 | €6,863 | +€402 | +6.2% |
| Recurring financial charges | 65 | €6,461 | €6,863 | +€402 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €23,585 | €22,925 | -€661 | -2.8% |
| Income taxes | 67/77 | €6,025 | €5,784 | -€241 | -4.0% |
| Profit (loss) for the period | 9904 | €17,560 | €17,141 | -€419 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,560 | €17,141 | -€419 | -2.4% |
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 19 October 2026 via checked.be.