ERKO: 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.
ERKO
Largest movements
- Tangible fixed assets -€18,016
down €18,016 (-11.4%), from €158,625 to €140,609
of which Furniture and vehicles: -€10,315
- Cash +€10,039
up €10,039 (+36.5%), from €27,502 to €37,541
mainly Depreciation (+€31,043) and Net result for the year (+€16,654)
- Deferred charges and accrued income +€5,164
up €5,164 (+451.8%), from €1,143 to €6,307
- Debts after one year -€26,966
down €26,966 (-31.2%), from €86,548 to €59,582
- Reserves +€14,988
up €14,988 (+24.3%), from €61,597 to €76,585
- Other debts +€5,927
up €5,927 (+459.3%), from €1,291 to €7,218
- Trade debts +€3,527
up €3,527 (+178.2%), from €1,979 to €5,506
- Accrued charges and deferred income -€3,454
down €3,454 (-50.6%), from €6,825 to €3,371
- Gross operating margin +€22,222
up €22,222 (+30.4%), from €73,099 to €95,321
- Staff costs +€9,119
up €9,119 (+34.2%), from €26,642 to €35,761
- Taxes +€6,694
up €6,694 (+436.4%), from €1,534 to €8,228
- Depreciation +€6,120
up €6,120 (+24.6%), from €24,923 to €31,043
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 | €209,528 | €205,254 | -€4,274 | -2.0% |
| Fixed assets | 21/28 | €158,625 | €140,609 | -€18,016 | -11.4% |
| Tangible fixed assets | 22/27 | €158,625 | €140,609 | -€18,016 | -11.4% |
| Plant, machinery and equipment | 23 | €29,265 | €31,831 | +€2,566 | +8.8% |
| Furniture and vehicles | 24 | €43,521 | €33,205 | -€10,315 | -23.7% |
| Other tangible fixed assets | 26 | €85,839 | €75,573 | -€10,267 | -12.0% |
| Current assets | 29/58 | €50,904 | €64,646 | +€13,742 | +27.0% |
| Stocks and contracts in progress | 3 | €18,161 | €17,522 | -€639 | -3.5% |
| Stocks | 30/36 | €18,161 | €17,522 | -€639 | -3.5% |
| Amounts receivable within one year | 40/41 | €4,098 | €3,276 | -€822 | -20.0% |
| Trade receivables | 40 | €919 | €1,179 | +€260 | +28.3% |
| Other amounts receivable | 41 | €3,179 | €2,097 | -€1,081 | -34.0% |
| Cash at bank and in hand | 54/58 | €27,502 | €37,541 | +€10,039 | +36.5% |
| Deferred charges and accrued income | 490/1 | €1,143 | €6,307 | +€5,164 | +451.8% |
| Total equity and liabilities | 10/49 | €209,528 | €205,254 | -€4,274 | -2.0% |
| Equity | 10/15 | €80,197 | €95,185 | +€14,988 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,597 | €76,585 | +€14,988 | +24.3% |
| Distributable reserves | 133 | €61,597 | €76,585 | +€14,988 | +24.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,331 | €110,070 | -€19,262 | -14.9% |
| Amounts payable after more than one year | 17 | €86,548 | €59,582 | -€26,966 | -31.2% |
| Financial debts | 170/4 | €86,548 | €59,582 | -€26,966 | -31.2% |
| Amounts payable within one year | 42/48 | €35,958 | €47,116 | +€11,158 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €26,493 | €26,966 | +€473 | +1.8% |
| Trade debts | 44 | €1,979 | €5,506 | +€3,527 | +178.2% |
| Suppliers | 440/4 | €1,979 | €5,506 | +€3,527 | +178.2% |
| Taxes, remuneration and social security | 45 | €6,196 | €7,426 | +€1,231 | +19.9% |
| Taxes | 450/3 | €4,142 | €4,630 | +€488 | +11.8% |
| Remuneration and social security | 454/9 | €2,054 | €2,796 | +€742 | +36.1% |
| Other amounts payable | 47/48 | €1,291 | €7,218 | +€5,927 | +459.3% |
| Accrued charges and deferred income | 492/3 | €6,825 | €3,371 | -€3,454 | -50.6% |
| Remuneration, social security and pensions | 62 | €26,642 | €35,761 | +€9,119 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,923 | €31,043 | +€6,120 | +24.6% |
| Other operating charges | 640/8 | €640 | €684 | +€44 | +6.9% |
| Gross operating margin | 9900 | €73,099 | €95,321 | +€22,222 | +30.4% |
| Operating profit (loss) | 9901 | €20,893 | €27,832 | +€6,939 | +33.2% |
| Financial income | 75/76B | €189 | €0 | -€189 | -100.0% |
| Recurring financial income | 75 | €189 | €0 | -€189 | -100.0% |
| Financial charges | 65/66B | €2,737 | €2,951 | +€213 | +7.8% |
| Recurring financial charges | 65 | €2,737 | €2,951 | +€213 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €18,345 | €24,882 | +€6,537 | +35.6% |
| Income taxes | 67/77 | €1,534 | €8,228 | +€6,694 | +436.4% |
| Profit (loss) for the period | 9904 | €16,811 | €16,654 | -€157 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,811 | €16,654 | -€157 | -0.9% |
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 7 October 2026 via checked.be.