Erkato: 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.
Erkato
Largest movements
- Receivables within one year -€102,368
down €102,368 (-55.7%), from €183,716 to €81,348
- Cash +€94,146
up €94,146 (+1,717%), from €5,482 to €99,628
mainly Net result for the year (+€120,854) and Receivables within one year (+€102,368)
- Current investments +€9,000
up €9,000 (+29.6%), from €30,444 to €39,444
- Tangible fixed assets -€3,307
down €3,307 (-6.1%), from €54,416 to €51,108
of which Plant, machinery and equipment: -€2,508
- Other debts -€34,917
down €34,917 (-25.9%), from €134,917 to €100,000
- Reserves +€20,854
up €20,854 (+15.2%), from €136,781 to €157,635
- Trade debts +€5,806
up €5,806 (+132%), from €4,384 to €10,190
- Tax, wage and social debts +€4,285
up €4,285 (+121%), from €3,530 to €7,815
of which Taxes: +€7,815
- Gross operating margin -€17,803
down €17,803 (-9.8%), from €180,974 to €163,172
- Financial income -€6,832
down €6,832 (-47.7%), from €14,326 to €7,494
- Taxes -€5,755
down €5,755 (-13.2%), from €43,664 to €37,909
- Depreciation -€4,366
down €4,366 (-29.1%), from €14,982 to €10,616
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 | €280,918 | €276,945 | -€3,973 | -1.4% |
| Fixed assets | 21/28 | €59,833 | €56,526 | -€3,307 | -5.5% |
| Tangible fixed assets | 22/27 | €54,416 | €51,108 | -€3,307 | -6.1% |
| Plant, machinery and equipment | 23 | €26,036 | €23,528 | -€2,508 | -9.6% |
| Furniture and vehicles | 24 | €7,238 | €5,353 | -€1,885 | -26.0% |
| Other tangible fixed assets | 26 | €21,141 | €22,228 | +€1,086 | +5.1% |
| Financial fixed assets | 28 | €5,417 | €5,417 | = | 0.0% |
| Current assets | 29/58 | €221,085 | €220,420 | -€666 | -0.3% |
| Amounts receivable within one year | 40/41 | €183,716 | €81,348 | -€102,368 | -55.7% |
| Other amounts receivable | 41 | €183,716 | €81,348 | -€102,368 | -55.7% |
| Current investments | 50/53 | €30,444 | €39,444 | +€9,000 | +29.6% |
| Cash at bank and in hand | 54/58 | €5,482 | €99,628 | +€94,146 | +1,717% |
| Deferred charges and accrued income | 490/1 | €1,444 | €0 | -€1,444 | -100% |
| Total equity and liabilities | 10/49 | €280,918 | €276,945 | -€3,973 | -1.4% |
| Equity | 10/15 | €137,781 | €158,635 | +€20,854 | +15.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €136,781 | €157,635 | +€20,854 | +15.2% |
| Distributable reserves | 133 | €136,781 | €157,635 | +€20,854 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,137 | €118,310 | -€24,827 | -17.3% |
| Amounts payable within one year | 42/48 | €142,831 | €118,005 | -€24,827 | -17.4% |
| Trade debts | 44 | €4,384 | €10,190 | +€5,806 | +132% |
| Suppliers | 440/4 | €4,384 | €10,190 | +€5,806 | +132% |
| Taxes, remuneration and social security | 45 | €3,530 | €7,815 | +€4,285 | +121% |
| Taxes | 450/3 | - | €7,815 | +€7,815 | |
| Remuneration and social security | 454/9 | €3,530 | €0 | -€3,530 | -100% |
| Other amounts payable | 47/48 | €134,917 | €100,000 | -€34,917 | -25.9% |
| Accrued charges and deferred income | 492/3 | €305 | €305 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,982 | €10,616 | -€4,366 | -29.1% |
| Other operating charges | 640/8 | €1,419 | €1,171 | -€248 | -17.5% |
| Gross operating margin | 9900 | €180,974 | €163,172 | -€17,803 | -9.8% |
| Operating profit (loss) | 9901 | €164,323 | €151,385 | -€12,938 | -7.9% |
| Financial income | 75/76B | €14,326 | €7,494 | -€6,832 | -47.7% |
| Recurring financial income | 75 | €14,326 | €7,494 | -€6,832 | -47.7% |
| Financial charges | 65/66B | €68 | €116 | +€47 | +69.5% |
| Recurring financial charges | 65 | €68 | €116 | +€47 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €178,581 | €158,763 | -€19,818 | -11.1% |
| Income taxes | 67/77 | €43,664 | €37,909 | -€5,755 | -13.2% |
| Profit (loss) for the period | 9904 | €134,917 | €120,854 | -€14,063 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,917 | €120,854 | -€14,063 | -10.4% |
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 25 October 2026 via checked.be.