ERIPM: 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.
ERIPM
Largest movements
- Tangible fixed assets -€39,176
down €39,176 (-5.2%), from €747,428 to €708,252
of which Land and buildings: -€30,728
- Stocks and contracts -€21,006
down €21,006 (-19.0%), from €110,654 to €89,648
- Receivables within one year -€14,209
down €14,209 (-34.0%), from €41,756 to €27,547
of which Trade receivables: -€14,209
- Debts after one year -€55,116
down €55,116 (-9.6%), from €574,202 to €519,086
- Trade debts -€37,994
down €37,994 (-35.3%), from €107,512 to €69,518
- Other debts +€32,144
up €32,144 (+221.3%), from €14,528 to €46,672
- Turnover +€471,905
new in 2025: €471,905
- Purchases and services +€159,851
new in 2025: €159,851
- Gross operating margin -€41,234
down €41,234 (-11.0%), from €373,651 to €332,417
- Depreciation -€19,898
down €19,898 (-25.9%), from €76,895 to €56,998
- Staff costs -€11,110
down €11,110 (-4.3%), from €256,133 to €245,024
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 | €912,796 | €837,756 | -€75,040 | -8.2% |
| Fixed assets | 21/28 | €754,650 | €715,189 | -€39,461 | -5.2% |
| Intangible fixed assets | 21 | €323 | €38 | -€285 | -88.4% |
| Tangible fixed assets | 22/27 | €747,428 | €708,252 | -€39,176 | -5.2% |
| Land and buildings | 22 | €701,644 | €670,916 | -€30,728 | -4.4% |
| Plant, machinery and equipment | 23 | €31,627 | €21,798 | -€9,829 | -31.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €12,641 | €2,222 | -€10,419 | -82.4% |
| Other tangible fixed assets | 26 | €1,515 | €255 | -€1,260 | -83.1% |
| Assets under construction and advance payments | 27 | - | €13,060 | +€13,060 | |
| Financial fixed assets | 28 | €6,899 | €6,899 | = | 0.0% |
| Current assets | 29/58 | €158,146 | €122,567 | -€35,579 | -22.5% |
| Stocks and contracts in progress | 3 | €110,654 | €89,648 | -€21,006 | -19.0% |
| Stocks | 30/36 | €110,654 | €89,648 | -€21,006 | -19.0% |
| Amounts receivable within one year | 40/41 | €41,756 | €27,547 | -€14,209 | -34.0% |
| Trade receivables | 40 | €41,756 | €27,547 | -€14,209 | -34.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,139 | €2,060 | -€80 | -3.7% |
| Deferred charges and accrued income | 490/1 | €3,596 | €3,312 | -€284 | -7.9% |
| Total equity and liabilities | 10/49 | €912,796 | €837,756 | -€75,040 | -8.2% |
| Equity | 10/15 | €36,101 | €30,159 | -€5,943 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €97,298 | €97,298 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,657 | -€87,599 | -€5,943 | -7.3% |
| Amounts payable | 17/49 | €876,695 | €807,597 | -€69,097 | -7.9% |
| Amounts payable after more than one year | 17 | €574,202 | €519,086 | -€55,116 | -9.6% |
| Financial debts | 170/4 | €574,202 | €519,086 | -€55,116 | -9.6% |
| Amounts payable within one year | 42/48 | €302,492 | €288,511 | -€13,981 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €127,290 | €123,610 | -€3,680 | -2.9% |
| Trade debts | 44 | €107,512 | €69,518 | -€37,994 | -35.3% |
| Suppliers | 440/4 | €107,512 | €69,518 | -€37,994 | -35.3% |
| Taxes, remuneration and social security | 45 | €53,163 | €48,711 | -€4,451 | -8.4% |
| Taxes | 450/3 | €4,311 | €4,221 | -€90 | -2.1% |
| Remuneration and social security | 454/9 | €48,851 | €44,490 | -€4,361 | -8.9% |
| Other amounts payable | 47/48 | €14,528 | €46,672 | +€32,144 | +221.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €471,905 | +€471,905 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €159,851 | +€159,851 | |
| Remuneration, social security and pensions | 62 | €256,133 | €245,024 | -€11,110 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,895 | €56,998 | -€19,898 | -25.9% |
| Other operating charges | 640/8 | €6,454 | €5,166 | -€1,288 | -20.0% |
| Gross operating margin | 9900 | €373,651 | €332,417 | -€41,234 | -11.0% |
| Operating profit (loss) | 9901 | €34,169 | €25,229 | -€8,939 | -26.2% |
| Financial income | 75/76B | €41 | €1,317 | +€1,276 | +3114.5% |
| Recurring financial income | 75 | €41 | €1,317 | +€1,276 | +3114.5% |
| Financial charges | 65/66B | €29,227 | €32,349 | +€3,122 | +10.7% |
| Recurring financial charges | 65 | €29,227 | €32,349 | +€3,122 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €4,983 | -€5,802 | -€10,785 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €4,983 | -€5,943 | -€10,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,983 | -€5,943 | -€10,926 |
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 7 October 2026 via checked.be.