Erkobron: 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.
Erkobron
Largest movements
- Tangible fixed assets -€249,577
down €249,577 (-66.1%), from €377,495 to €127,917
of which Land and buildings: -€230,300
- Current investments +€218,400
new in 2025: €218,400
- Cash +€45,146
up €45,146 (+80.7%), from €55,932 to €101,079
mainly Investment in fixed assets (net) (+€225,050) and Net result for the year (+€84,078)
- Receivables within one year -€7,990
down €7,990 (-24.7%), from €32,338 to €24,348
of which Trade receivables: -€8,002
- Reserves +€76,398
up €76,398 (+23.2%), from €329,194 to €405,592
- Other debts -€52,112
down €52,112 (-99.4%), from €52,440 to €329
- Debts after one year -€16,153
no longer reported in 2025 (was €16,153)
- Trade debts +€9,033
up €9,033 (+214%), from €4,221 to €13,253
- Current portion of long-term debt -€4,917
down €4,917 (-23.3%), from €21,070 to €16,153
- Gross operating margin -€27,224
down €27,224 (-15.3%), from €177,402 to €150,178
- Depreciation +€9,962
up €9,962 (+68.4%), from €14,566 to €24,528
- Other operating charges -€5,279
down €5,279 (-73.0%), from €7,226 to €1,948
- Financial charges -€2,429
down €2,429 (-87.6%), from €2,774 to €345
- Taxes -€1,981
down €1,981 (-4.8%), from €41,689 to €39,708
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 | €468,101 | €472,950 | +€4,850 | +1.0% |
| Fixed assets | 21/28 | €377,630 | €128,052 | -€249,577 | -66.1% |
| Tangible fixed assets | 22/27 | €377,495 | €127,917 | -€249,577 | -66.1% |
| Land and buildings | 22 | €269,050 | €38,750 | -€230,300 | -85.6% |
| Plant, machinery and equipment | 23 | €895 | €6,328 | +€5,434 | +607% |
| Furniture and vehicles | 24 | €107,550 | €82,839 | -€24,711 | -23.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €90,471 | €344,898 | +€254,427 | +281% |
| Amounts receivable within one year | 40/41 | €32,338 | €24,348 | -€7,990 | -24.7% |
| Trade receivables | 40 | €32,326 | €24,324 | -€8,002 | -24.8% |
| Other amounts receivable | 41 | €11 | €23 | +€12 | +108% |
| Current investments | 50/53 | - | €218,400 | +€218,400 | |
| Cash at bank and in hand | 54/58 | €55,932 | €101,079 | +€45,146 | +80.7% |
| Deferred charges and accrued income | 490/1 | €2,201 | €1,072 | -€1,129 | -51.3% |
| Total equity and liabilities | 10/49 | €468,101 | €472,950 | +€4,850 | +1.0% |
| Equity | 10/15 | €329,194 | €405,592 | +€76,398 | +23.2% |
| Reserves | 13 | €329,194 | €405,592 | +€76,398 | +23.2% |
| Distributable reserves | 133 | €329,194 | €405,592 | +€76,398 | +23.2% |
| Amounts payable | 17/49 | €138,906 | €67,359 | -€71,548 | -51.5% |
| Amounts payable after more than one year | 17 | €16,153 | - | -€16,153 | |
| Financial debts | 170/4 | €16,153 | - | -€16,153 | |
| Amounts payable within one year | 42/48 | €117,829 | €67,173 | -€50,655 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €21,070 | €16,153 | -€4,917 | -23.3% |
| Trade debts | 44 | €4,221 | €13,253 | +€9,033 | +214% |
| Suppliers | 440/4 | €4,221 | €13,253 | +€9,033 | +214% |
| Taxes, remuneration and social security | 45 | €40,098 | €37,438 | -€2,660 | -6.6% |
| Taxes | 450/3 | €40,098 | €37,438 | -€2,660 | -6.6% |
| Other amounts payable | 47/48 | €52,440 | €329 | -€52,112 | -99.4% |
| Accrued charges and deferred income | 492/3 | €4,924 | €185 | -€4,739 | -96.2% |
| Non-recurring operating income | 76A | - | €9,802 | +€9,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,566 | €24,528 | +€9,962 | +68.4% |
| Other operating charges | 640/8 | €7,226 | €1,948 | -€5,279 | -73.0% |
| Gross operating margin | 9900 | €177,402 | €150,178 | -€27,224 | -15.3% |
| Operating profit (loss) | 9901 | €155,609 | €123,702 | -€31,907 | -20.5% |
| Financial income | 75/76B | €461 | €429 | -€33 | -7.1% |
| Recurring financial income | 75 | €461 | €429 | -€33 | -7.1% |
| Financial charges | 65/66B | €2,774 | €345 | -€2,429 | -87.6% |
| Recurring financial charges | 65 | €2,774 | €345 | -€2,429 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €153,297 | €123,786 | -€29,510 | -19.3% |
| Income taxes | 67/77 | €41,689 | €39,708 | -€1,981 | -4.8% |
| Profit (loss) for the period | 9904 | €111,608 | €84,078 | -€27,530 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,608 | €84,078 | -€27,530 | -24.7% |
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 22 October 2026 via checked.be.