Erki: 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.
Erki
Largest movements
- Tangible fixed assets +€62,379
up €62,379 (+288.7%), from €21,607 to €83,986
of which Furniture and vehicles: +€54,179
- Stocks and contracts -€10,473
down €10,473 (-33.0%), from €31,757 to €21,284
- Cash +€4,527
up €4,527 (+68.6%), from €6,597 to €11,124
mainly Depreciation (+€30,603) and Debts after one year (+€28,435)
- Debts after one year +€28,435
new in 2025: €28,435
- Trade debts +€13,741
new in 2025: €13,741
- Tax, wage and social debts +€4,647
up €4,647 (+550.4%), from €844 to €5,491
- Current portion of long-term debt +€4,560
up €4,560 (+213.6%), from €2,135 to €6,695
- Reserves +€3,367
up €3,367 (+6.0%), from €56,523 to €59,891
- Gross operating margin +€38,792
up €38,792 (+121.6%), from €31,899 to €70,691
- Depreciation +€13,074
up €13,074 (+74.6%), from €17,529 to €30,603
- Taxes +€7,767
up €7,767 (+148.7%), from €5,224 to €12,991
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 | €122,115 | €180,013 | +€57,898 | +47.4% |
| Fixed assets | 21/28 | €21,607 | €83,986 | +€62,379 | +288.7% |
| Tangible fixed assets | 22/27 | €21,607 | €83,986 | +€62,379 | +288.7% |
| Plant, machinery and equipment | 23 | €4,319 | €12,519 | +€8,200 | +189.9% |
| Furniture and vehicles | 24 | €17,288 | €71,468 | +€54,179 | +313.4% |
| Current assets | 29/58 | €100,508 | €96,027 | -€4,481 | -4.5% |
| Stocks and contracts in progress | 3 | €31,757 | €21,284 | -€10,473 | -33.0% |
| Stocks | 30/36 | €31,757 | €21,284 | -€10,473 | -33.0% |
| Amounts receivable within one year | 40/41 | €58,049 | €59,342 | +€1,293 | +2.2% |
| Trade receivables | 40 | €33,097 | €31,044 | -€2,054 | -6.2% |
| Other amounts receivable | 41 | €24,951 | €28,299 | +€3,347 | +13.4% |
| Cash at bank and in hand | 54/58 | €6,597 | €11,124 | +€4,527 | +68.6% |
| Deferred charges and accrued income | 490/1 | €4,106 | €4,277 | +€172 | +4.2% |
| Total equity and liabilities | 10/49 | €122,115 | €180,013 | +€57,898 | +47.4% |
| Equity | 10/15 | €99,888 | €103,256 | +€3,367 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,523 | €59,891 | +€3,367 | +6.0% |
| Distributable reserves | 133 | €56,523 | €59,891 | +€3,367 | +6.0% |
| Profit (loss) carried forward | 14 | €37,165 | €37,165 | = | 0.0% |
| Amounts payable | 17/49 | €22,226 | €76,757 | +€54,530 | +245.3% |
| Amounts payable after more than one year | 17 | - | €28,435 | +€28,435 | |
| Financial debts | 170/4 | - | €28,435 | +€28,435 | |
| Amounts payable within one year | 42/48 | €22,226 | €48,322 | +€26,096 | +117.4% |
| Current portion of amounts payable after more than one year | 42 | €2,135 | €6,695 | +€4,560 | +213.6% |
| Trade debts | 44 | - | €13,741 | +€13,741 | |
| Suppliers | 440/4 | - | €13,741 | +€13,741 | |
| Taxes, remuneration and social security | 45 | €844 | €5,491 | +€4,647 | +550.4% |
| Taxes | 450/3 | €844 | €5,491 | +€4,647 | +550.4% |
| Other amounts payable | 47/48 | €19,247 | €22,396 | +€3,148 | +16.4% |
| Non-recurring operating income | 76A | - | €32,500 | +€32,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,529 | €30,603 | +€13,074 | +74.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €31,899 | €70,691 | +€38,792 | +121.6% |
| Operating profit (loss) | 9901 | €14,252 | €39,968 | +€25,716 | +180.4% |
| Financial charges | 65/66B | €585 | €1,214 | +€629 | +107.6% |
| Recurring financial charges | 65 | €585 | €1,214 | +€629 | +107.6% |
| Profit (loss) for the period before taxes | 9903 | €13,667 | €38,754 | +€25,087 | +183.6% |
| Income taxes | 67/77 | €5,224 | €12,991 | +€7,767 | +148.7% |
| Profit (loss) for the period | 9904 | €8,443 | €25,763 | +€17,320 | +205.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,443 | €25,763 | +€17,320 | +205.1% |
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 4 October 2026 via checked.be.