ERINCO: 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.
ERINCO
Largest movements
- Cash -€31,162
down €31,162 (-23.2%), from €134,414 to €103,252
mainly Current investments (-€18,266) and Net result for the year (-€7,496)
- Current investments +€18,266
up €18,266 (+35.6%), from €51,293 to €69,559
- Profit (loss) carried forward -€7,496
down €7,496 (-1,082%), from -€693 to -€8,189
- Other debts -€5,400
no longer reported in 2025 (was €5,400)
- Financial income -€30,688
down €30,688 (-84.6%), from €36,266 to €5,578
- Financial charges +€6,561
up €6,561 (+339%), from €1,935 to €8,496
- Gross operating margin +€2,168
up €2,168 (+34.8%), from -€6,227 to -€4,060
- Taxes -€99
new in 2025: -€99
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 | €185,707 | €172,811 | -€12,896 | -6.9% |
| Current assets | 29/58 | €185,707 | €172,811 | -€12,896 | -6.9% |
| Current investments | 50/53 | €51,293 | €69,559 | +€18,266 | +35.6% |
| Cash at bank and in hand | 54/58 | €134,414 | €103,252 | -€31,162 | -23.2% |
| Total equity and liabilities | 10/49 | €185,707 | €172,811 | -€12,896 | -6.9% |
| Equity | 10/15 | €180,307 | €172,811 | -€7,496 | -4.2% |
| Contributions | 10/11 | €181,000 | €181,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€693 | -€8,189 | -€7,496 | -1,082% |
| Amounts payable | 17/49 | €5,400 | - | -€5,400 | |
| Amounts payable within one year | 42/48 | €5,400 | - | -€5,400 | |
| Other amounts payable | 47/48 | €5,400 | - | -€5,400 | |
| Other operating charges | 640/8 | €599 | €617 | +€18 | +3.0% |
| Gross operating margin | 9900 | -€6,227 | -€4,060 | +€2,168 | +34.8% |
| Operating profit (loss) | 9901 | -€6,826 | -€4,677 | +€2,150 | +31.5% |
| Financial income | 75/76B | €36,266 | €5,578 | -€30,688 | -84.6% |
| Recurring financial income | 75 | €36,266 | €5,578 | -€30,688 | -84.6% |
| Financial charges | 65/66B | €1,935 | €8,496 | +€6,561 | +339% |
| Recurring financial charges | 65 | €1,935 | €8,496 | +€6,561 | +339% |
| Profit (loss) for the period before taxes | 9903 | €27,504 | -€7,595 | -€35,099 | |
| Income taxes | 67/77 | - | -€99 | -€99 | |
| Profit (loss) for the period | 9904 | €27,504 | -€7,496 | -€35,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,504 | -€7,496 | -€35,000 |
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 17 October 2026 via checked.be.