ERKA HORECA: 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.
What changed
ERKA HORECA
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,854
2024 · €64+€18,790
Equity
€309,866
2024 · €291,011+€18,854
Cash
€36,619
2024 · €33,450+€3,169
Balance sheet total
€1.1m
2024 · €1.2m-€64,017
Largest movements
Assets
- Stocks and contracts -€54,406
down €54,406 (-7.2%), from €756,920 to €702,513
- Tangible fixed assets -€17,623
down €17,623 (-30.3%), from €58,174 to €40,551
of which Furniture and vehicles: -€16,586
Equity and liabilities
- Trade debts -€85,083
down €85,083 (-14.5%), from €586,717 to €501,634
- Profit (loss) carried forward +€18,854
up €18,854 (+7.0%), from €270,551 to €289,406
- Debts after one year -€17,332
down €17,332 (-94.2%), from €18,398 to €1,066
Income statement
- Staff costs -€34,371
down €34,371 (-17.5%), from €196,444 to €162,073
- Gross operating margin -€25,317
down €25,317 (-10.4%), from €242,983 to €217,666
- Financial charges -€14,399
down €14,399 (-60.0%), from €24,015 to €9,617
- Taxes +€7,453
new in 2025: €7,453
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.
Result 2024
€64
Gross operating margin
-€25,317
Staff costs
+€34,371
Depreciation
+€1,236
Other operating charges
-€773
Financial income
+€2,329
Financial charges
+€14,399
Taxes
-€7,453
Result 2025
€18,854
raises the resultlowers the result
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.
From operations
+€15,693
Investment
-€600
Financing
-€11,923
Cash 2024
€33,450
From operations (derived)
+€15,693
Net result for the year
+€18,854
Depreciation
+€18,223
Stocks and contracts
+€54,406
Receivables within one year
-€3,447
Deferred charges and accrued income
-€1,397
Trade debts
-€85,083
Tax, wage and social debts
+€4,960
Other debts
+€1,928
Accrued charges and deferred income
+€7,247
Investment (derived)
-€600
Investment in fixed assets (net)
-€600
Financing
-€11,923
Debts after one year
-€17,332
Current portion of long-term debt
+€409
Short-term financial debts
+€5,000
Cash 2025
€36,619
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,198,484 | €1,134,467 | -€64,017 | -5.3% |
| Fixed assets | 21/28 | €58,386 | €40,763 | -€17,623 | -30.2% |
| Tangible fixed assets | 22/27 | €58,174 | €40,551 | -€17,623 | -30.3% |
| Plant, machinery and equipment | 23 | €9,996 | €8,960 | -€1,037 | -10.4% |
| Furniture and vehicles | 24 | €48,178 | €31,592 | -€16,586 | -34.4% |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €1,140,098 | €1,093,704 | -€46,394 | -4.1% |
| Stocks and contracts in progress | 3 | €756,920 | €702,513 | -€54,406 | -7.2% |
| Stocks | 30/36 | €756,920 | €702,513 | -€54,406 | -7.2% |
| Amounts receivable within one year | 40/41 | €344,833 | €348,279 | +€3,447 | +1.0% |
| Trade receivables | 40 | €344,833 | €347,038 | +€2,205 | +0.6% |
| Other amounts receivable | 41 | - | €1,241 | +€1,241 | |
| Cash at bank and in hand | 54/58 | €33,450 | €36,619 | +€3,169 | +9.5% |
| Deferred charges and accrued income | 490/1 | €4,896 | €6,292 | +€1,397 | +28.5% |
| Total equity and liabilities | 10/49 | €1,198,484 | €1,134,467 | -€64,017 | -5.3% |
| Equity | 10/15 | €291,011 | €309,866 | +€18,854 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,551 | €289,406 | +€18,854 | +7.0% |
| Amounts payable | 17/49 | €907,472 | €824,601 | -€82,871 | -9.1% |
| Amounts payable after more than one year | 17 | €18,398 | €1,066 | -€17,332 | -94.2% |
| Financial debts | 170/4 | €18,398 | €1,066 | -€17,332 | -94.2% |
| Amounts payable within one year | 42/48 | €889,074 | €816,288 | -€72,786 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,082 | €12,491 | +€409 | +3.4% |
| Financial debts | 43 | €245,000 | €250,000 | +€5,000 | +2.0% |
| Credit institutions | 430/8 | €245,000 | €250,000 | +€5,000 | +2.0% |
| Trade debts | 44 | €586,717 | €501,634 | -€85,083 | -14.5% |
| Suppliers | 440/4 | €586,717 | €501,634 | -€85,083 | -14.5% |
| Taxes, remuneration and social security | 45 | €23,946 | €28,905 | +€4,960 | +20.7% |
| Taxes | 450/3 | €6,163 | €9,675 | +€3,512 | +57.0% |
| Remuneration and social security | 454/9 | €17,782 | €19,230 | +€1,448 | +8.1% |
| Other amounts payable | 47/48 | €21,330 | €23,258 | +€1,928 | +9.0% |
| Accrued charges and deferred income | 492/3 | - | €7,247 | +€7,247 | |
| Remuneration, social security and pensions | 62 | €196,444 | €162,073 | -€34,371 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,458 | €18,223 | -€1,236 | -6.3% |
| Other operating charges | 640/8 | €3,050 | €3,824 | +€773 | +25.4% |
| Gross operating margin | 9900 | €242,983 | €217,666 | -€25,317 | -10.4% |
| Operating profit (loss) | 9901 | €24,031 | €33,546 | +€9,516 | +39.6% |
| Financial income | 75/76B | €49 | €2,378 | +€2,329 | +4,749% |
| Recurring financial income | 75 | €49 | €2,378 | +€2,329 | +4,749% |
| Financial charges | 65/66B | €24,015 | €9,617 | -€14,399 | -60.0% |
| Recurring financial charges | 65 | €24,015 | €9,617 | -€14,399 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €64 | €26,308 | +€26,243 | +40,712% |
| Income taxes | 67/77 | - | €7,453 | +€7,453 | |
| Profit (loss) for the period | 9904 | €64 | €18,854 | +€18,790 | +29,150% |
| Profit (loss) for the period to be appropriated | 9905 | €64 | €18,854 | +€18,790 | +29,150% |
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 24 October 2026 via checked.be.