ERIVAN: 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.
ERIVAN
Largest movements
- Tangible fixed assets -€27,639
down €27,639 (-13.0%), from €212,156 to €184,517
- Receivables within one year -€2,606
down €2,606 (-31.5%), from €8,262 to €5,656
of which Trade receivables: -€2,129
- Trade debts -€20,295
down €20,295 (-91.1%), from €22,279 to €1,983
- Debts after one year -€10,815
down €10,815 (-7.8%), from €137,822 to €127,007
- Profit (loss) carried forward +€3,385
up €3,385 (+10.7%), from -€31,666 to -€28,281
- Other debts -€3,089
down €3,089 (-3.9%), from €79,931 to €76,842
- Gross operating margin +€17,672
up €17,672 (+18.4%), from €95,956 to €113,629
- Staff costs -€7,858
down €7,858 (-9.9%), from €79,018 to €71,160
- Depreciation -€1,263
down €1,263 (-3.8%), from €33,313 to €32,051
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 | €248,222 | €217,326 | -€30,895 | -12.4% |
| Fixed assets | 21/28 | €212,506 | €184,867 | -€27,639 | -13.0% |
| Tangible fixed assets | 22/27 | €212,156 | €184,517 | -€27,639 | -13.0% |
| Land and buildings | 22 | €166,997 | €155,114 | -€11,883 | -7.1% |
| Plant, machinery and equipment | 23 | €8,632 | €5,028 | -€3,604 | -41.8% |
| Furniture and vehicles | 24 | €36,527 | €24,375 | -€12,152 | -33.3% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €35,716 | €32,460 | -€3,256 | -9.1% |
| Stocks and contracts in progress | 3 | €15,925 | €15,368 | -€557 | -3.5% |
| Stocks | 30/36 | €15,925 | €15,368 | -€557 | -3.5% |
| Amounts receivable within one year | 40/41 | €8,262 | €5,656 | -€2,606 | -31.5% |
| Trade receivables | 40 | €7,785 | €5,656 | -€2,129 | -27.3% |
| Other amounts receivable | 41 | €478 | - | -€478 | |
| Cash at bank and in hand | 54/58 | €10,032 | €9,578 | -€454 | -4.5% |
| Deferred charges and accrued income | 490/1 | €1,496 | €1,858 | +€362 | +24.2% |
| Total equity and liabilities | 10/49 | €248,222 | €217,326 | -€30,895 | -12.4% |
| Equity | 10/15 | -€8,066 | -€4,681 | +€3,385 | +42.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,666 | -€28,281 | +€3,385 | +10.7% |
| Amounts payable | 17/49 | €256,288 | €222,008 | -€34,280 | -13.4% |
| Amounts payable after more than one year | 17 | €137,822 | €127,007 | -€10,815 | -7.8% |
| Financial debts | 170/4 | €137,822 | €127,007 | -€10,815 | -7.8% |
| Amounts payable within one year | 42/48 | €118,466 | €95,000 | -€23,466 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €12,564 | €12,059 | -€506 | -4.0% |
| Trade debts | 44 | €22,279 | €1,983 | -€20,295 | -91.1% |
| Suppliers | 440/4 | €22,279 | €1,983 | -€20,295 | -91.1% |
| Taxes, remuneration and social security | 45 | €3,692 | €4,116 | +€424 | +11.5% |
| Taxes | 450/3 | €414 | €1,719 | +€1,306 | +315.8% |
| Remuneration and social security | 454/9 | €3,279 | €2,397 | -€882 | -26.9% |
| Other amounts payable | 47/48 | €79,931 | €76,842 | -€3,089 | -3.9% |
| Remuneration, social security and pensions | 62 | €79,018 | €71,160 | -€7,858 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,313 | €32,051 | -€1,263 | -3.8% |
| Other operating charges | 640/8 | €3,536 | €2,906 | -€630 | -17.8% |
| Gross operating margin | 9900 | €95,956 | €113,629 | +€17,672 | +18.4% |
| Operating profit (loss) | 9901 | -€19,911 | €7,512 | +€27,423 | |
| Financial income | 75/76B | €1,247 | €233 | -€1,013 | -81.3% |
| Recurring financial income | 75 | €1,187 | €173 | -€1,013 | -85.4% |
| Non-recurring financial income | 76B | €60 | €60 | = | 0.0% |
| Financial charges | 65/66B | €3,773 | €3,958 | +€185 | +4.9% |
| Recurring financial charges | 65 | €3,773 | €3,958 | +€185 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,437 | €3,788 | +€26,225 | |
| Income taxes | 67/77 | €417 | €402 | -€14 | -3.5% |
| Profit (loss) for the period | 9904 | -€22,854 | €3,385 | +€26,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,854 | €3,385 | +€26,239 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.