ERLA: 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
ERLA
NACE 25.930, Manufacture of fabricated metal products, except machinery and equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€115,226
2024 · €46,373+€68,853
Equity
€319,354
2024 · €207,128+€112,226
Cash
€48,881
2024 · €47,481+€1,400
Balance sheet total
€457,129
2024 · €307,524+€149,606
Largest movements
Assets
- Stocks and contracts +€116,418
up €116,418 (+58.6%), from €198,654 to €315,072
- Tangible fixed assets +€33,272
up €33,272 (+392.4%), from €8,479 to €41,751
of which Furniture and vehicles: +€31,061
Equity and liabilities
- Profit (loss) carried forward +€112,226
up €112,226 (+175.4%), from €63,969 to €176,196
- Tax, wage and social debts +€46,146
up €46,146 (+230.9%), from €19,988 to €66,134
of which Taxes: +€42,799
- Trade debts -€6,818
down €6,818 (-17.1%), from €39,781 to €32,963
Income statement
- Gross operating margin +€89,309
up €89,309 (+42.8%), from €208,857 to €298,166
- Turnover +€70,675
up €70,675 (+8.0%), from €887,721 to €958,396
- Taxes +€31,339
up €31,339 (+281.8%), from €11,122 to €42,461
- Purchases and services -€18,053
down €18,053 (-2.6%), from €683,047 to €664,995
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
€46,373
Gross operating margin
+€89,309
Staff costs
+€1,619
Depreciation
+€9,521
Other operating charges
-€1,339
Financial income
+€1,321
Financial charges
-€239
Taxes
-€31,339
Result 2025
€115,226
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.
From operations
+€48,379
Investment
-€41,030
Financing
-€5,949
Cash 2024
€47,481
From operations (derived)
+€48,379
Net result for the year
+€115,226
Depreciation
+€7,758
Stocks and contracts
-€116,418
Receivables within one year
+€781
Deferred charges and accrued income
+€704
Trade debts
-€6,818
Tax, wage and social debts
+€46,146
Other debts
+€1,000
Investment (derived)
-€41,030
Investment in fixed assets (net)
-€41,030
Financing
-€5,949
Debts after one year
-€2,949
Contributions, distributions and other
-€3,000
Cash 2025
€48,881
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,524 | €457,129 | +€149,606 | +48.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €21,184 | €54,456 | +€33,272 | +157.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €8,479 | €41,751 | +€33,272 | +392.4% |
| Land and buildings | 22 | €2,201 | €1,811 | -€389 | -17.7% |
| Plant, machinery and equipment | 23 | €1,658 | €4,259 | +€2,600 | +156.8% |
| Furniture and vehicles | 24 | €4,620 | €35,681 | +€31,061 | +672.3% |
| Financial fixed assets | 28 | €12,705 | €12,705 | = | 0.0% |
| Current assets | 29/58 | €286,340 | €402,673 | +€116,334 | +40.6% |
| Stocks and contracts in progress | 3 | €198,654 | €315,072 | +€116,418 | +58.6% |
| Stocks | 30/36 | €198,654 | €315,072 | +€116,418 | +58.6% |
| Amounts receivable within one year | 40/41 | €33,171 | €32,390 | -€781 | -2.4% |
| Trade receivables | 40 | €16,485 | €7,366 | -€9,119 | -55.3% |
| Other amounts receivable | 41 | €16,686 | €25,024 | +€8,338 | +50.0% |
| Cash at bank and in hand | 54/58 | €47,481 | €48,881 | +€1,400 | +2.9% |
| Deferred charges and accrued income | 490/1 | €7,033 | €6,330 | -€704 | -10.0% |
| Total equity and liabilities | 10/49 | €307,524 | €457,129 | +€149,606 | +48.6% |
| Equity | 10/15 | €207,128 | €319,354 | +€112,226 | +54.2% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €13,014 | €13,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,969 | €176,196 | +€112,226 | +175.4% |
| Amounts payable | 17/49 | €100,396 | €137,775 | +€37,379 | +37.2% |
| Amounts payable after more than one year | 17 | €38,627 | €35,679 | -€2,949 | -7.6% |
| Financial debts | 170/4 | €38,627 | €35,679 | -€2,949 | -7.6% |
| Amounts payable within one year | 42/48 | €61,769 | €102,097 | +€40,328 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €39,781 | €32,963 | -€6,818 | -17.1% |
| Suppliers | 440/4 | €39,781 | €32,963 | -€6,818 | -17.1% |
| Taxes, remuneration and social security | 45 | €19,988 | €66,134 | +€46,146 | +230.9% |
| Taxes | 450/3 | €10,666 | €53,465 | +€42,799 | +401.3% |
| Remuneration and social security | 454/9 | €9,322 | €12,668 | +€3,347 | +35.9% |
| Other amounts payable | 47/48 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Turnover | 70 | €887,721 | €958,396 | +€70,675 | +8.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €683,047 | €664,995 | -€18,053 | -2.6% |
| Remuneration, social security and pensions | 62 | €136,037 | €134,418 | -€1,619 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,279 | €7,758 | -€9,521 | -55.1% |
| Other operating charges | 640/8 | €4,399 | €5,738 | +€1,339 | +30.4% |
| Gross operating margin | 9900 | €208,857 | €298,166 | +€89,309 | +42.8% |
| Operating profit (loss) | 9901 | €51,142 | €150,252 | +€99,109 | +193.8% |
| Financial income | 75/76B | €10,946 | €12,267 | +€1,321 | +12.1% |
| Recurring financial income | 75 | €10,946 | €12,267 | +€1,321 | +12.1% |
| Financial charges | 65/66B | €4,593 | €4,832 | +€239 | +5.2% |
| Recurring financial charges | 65 | €4,593 | €4,832 | +€239 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €57,495 | €157,687 | +€100,192 | +174.3% |
| Income taxes | 67/77 | €11,122 | €42,461 | +€31,339 | +281.8% |
| Profit (loss) for the period | 9904 | €46,373 | €115,226 | +€68,853 | +148.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,373 | €115,226 | +€68,853 | +148.5% |
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 12 October 2026 via checked.be.