ERKA: 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.
ERKA
Largest movements
- Receivables after one year +€12,632
up €12,632 (+7.9%), from €159,482 to €172,114
- Cash -€5,221
down €5,221 (-11.3%), from €46,018 to €40,797
mainly Receivables after one year (-€12,632) and Deferred charges and accrued income (-€548)
- Reserves +€6,259
up €6,259 (+2.5%), from €245,992 to €252,251
- Gross operating margin +€837
up €837 (+7.0%), from €11,903 to €12,740
- Taxes +€291
up €291 (+10.5%), from €2,759 to €3,050
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 | €265,979 | €273,030 | +€7,051 | +2.7% |
| Fixed assets | 21/28 | €54,825 | €53,917 | -€908 | -1.7% |
| Tangible fixed assets | 22/27 | €54,825 | €53,917 | -€908 | -1.7% |
| Land and buildings | 22 | €2,361 | €2,361 | = | 0.0% |
| Other tangible fixed assets | 26 | €52,464 | €51,556 | -€908 | -1.7% |
| Current assets | 29/58 | €211,154 | €219,113 | +€7,959 | +3.8% |
| Amounts receivable after more than one year | 29 | €159,482 | €172,114 | +€12,632 | +7.9% |
| Other amounts receivable | 291 | €159,482 | €172,114 | +€12,632 | +7.9% |
| Cash at bank and in hand | 54/58 | €46,018 | €40,797 | -€5,221 | -11.3% |
| Deferred charges and accrued income | 490/1 | €5,654 | €6,202 | +€548 | +9.7% |
| Total equity and liabilities | 10/49 | €265,979 | €273,030 | +€7,051 | +2.7% |
| Equity | 10/15 | €264,592 | €270,851 | +€6,259 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €245,992 | €252,251 | +€6,259 | +2.5% |
| Distributable reserves | 133 | €245,992 | €252,251 | +€6,259 | +2.5% |
| Amounts payable | 17/49 | €1,387 | €2,179 | +€792 | +57.1% |
| Amounts payable within one year | 42/48 | €1,387 | €2,179 | +€792 | +57.1% |
| Taxes, remuneration and social security | 45 | €1,387 | €2,179 | +€792 | +57.1% |
| Taxes | 450/3 | €1,387 | €2,179 | +€792 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €908 | +€1 | +0.1% |
| Other operating charges | 640/8 | €2,377 | €2,478 | +€101 | +4.2% |
| Gross operating margin | 9900 | €11,903 | €12,740 | +€837 | +7.0% |
| Operating profit (loss) | 9901 | €8,619 | €9,354 | +€735 | +8.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €44 | €45 | +€1 | +2.3% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €8,576 | €9,309 | +€733 | +8.5% |
| Income taxes | 67/77 | €2,759 | €3,050 | +€291 | +10.5% |
| Profit (loss) for the period | 9904 | €5,817 | €6,259 | +€442 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,817 | €6,259 | +€442 | +7.6% |
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 1 October 2026 via checked.be.