ERLACO: 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.
ERLACO
Largest movements
- Cash -€156,042
down €156,042 (-74.3%), from €209,996 to €53,955
mainly Contributions, distributions and other (-€385,787) and Receivables within one year (-€70,999)
- Receivables within one year +€70,999
up €70,999 (+137.0%), from €51,805 to €122,804
- Deferred charges and accrued income -€14,009
down €14,009 (-55.0%), from €25,469 to €11,461
- Reserves -€60,787
no longer reported in 2025 (was €60,787)
- Other debts -€48,875
down €48,875 (-31.5%), from €155,125 to €106,250
- Tax, wage and social debts +€11,504
up €11,504 (+20.9%), from €55,095 to €66,599
- Gross operating margin +€191,884
up €191,884 (+81.0%), from €236,805 to €428,688
- Taxes +€47,370
up €47,370 (+86.3%), from €54,880 to €102,250
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 | €293,004 | €194,363 | -€98,641 | -33.7% |
| Fixed assets | 21/28 | €5,733 | €6,144 | +€411 | +7.2% |
| Tangible fixed assets | 22/27 | €5,733 | €6,144 | +€411 | +7.2% |
| Furniture and vehicles | 24 | €5,733 | €6,144 | +€411 | +7.2% |
| Current assets | 29/58 | €287,271 | €188,219 | -€99,052 | -34.5% |
| Amounts receivable within one year | 40/41 | €51,805 | €122,804 | +€70,999 | +137.0% |
| Trade receivables | 40 | €51,805 | €122,804 | +€70,999 | +137.0% |
| Cash at bank and in hand | 54/58 | €209,996 | €53,955 | -€156,042 | -74.3% |
| Deferred charges and accrued income | 490/1 | €25,469 | €11,461 | -€14,009 | -55.0% |
| Total equity and liabilities | 10/49 | €293,004 | €194,363 | -€98,641 | -33.7% |
| Equity | 10/15 | €81,561 | €19,970 | -€61,591 | -75.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,787 | - | -€60,787 | |
| Distributable reserves | 133 | €60,787 | - | -€60,787 | |
| Profit (loss) carried forward | 14 | €2,174 | €1,370 | -€804 | -37.0% |
| Amounts payable | 17/49 | €211,443 | €174,393 | -€37,050 | -17.5% |
| Amounts payable within one year | 42/48 | €211,443 | €174,393 | -€37,050 | -17.5% |
| Trade debts | 44 | €1,223 | €1,544 | +€321 | +26.3% |
| Suppliers | 440/4 | €1,223 | €1,544 | +€321 | +26.3% |
| Taxes, remuneration and social security | 45 | €55,095 | €66,599 | +€11,504 | +20.9% |
| Taxes | 450/3 | €55,095 | €66,599 | +€11,504 | +20.9% |
| Other amounts payable | 47/48 | €155,125 | €106,250 | -€48,875 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €1,506 | +€1,026 | +214.0% |
| Other operating charges | 640/8 | €687 | €585 | -€102 | -14.8% |
| Gross operating margin | 9900 | €236,805 | €428,688 | +€191,884 | +81.0% |
| Operating profit (loss) | 9901 | €235,638 | €426,597 | +€190,959 | +81.0% |
| Financial income | 75/76B | €1,795 | - | -€1,795 | |
| Recurring financial income | 75 | €1,795 | - | -€1,795 | |
| Financial charges | 65/66B | €143 | €151 | +€8 | +5.6% |
| Recurring financial charges | 65 | €143 | €151 | +€8 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €237,290 | €426,446 | +€189,156 | +79.7% |
| Income taxes | 67/77 | €54,880 | €102,250 | +€47,370 | +86.3% |
| Profit (loss) for the period | 9904 | €182,411 | €324,196 | +€141,786 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €182,411 | €324,196 | +€141,786 | +77.7% |
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 11 October 2026 via checked.be.