ERLICH JOERI: 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.
ERLICH JOERI
Largest movements
- Tangible fixed assets +€31,993
up €31,993 (+4778.5%), from €670 to €32,662
- Cash -€24,066
down €24,066 (-25.0%), from €96,167 to €72,101
mainly Investment in fixed assets (net) (-€39,695) and Other debts (-€5,000)
- Receivables within one year -€5,366
down €5,366 (-17.6%), from €30,484 to €25,118
of which Trade receivables: -€4,097
- Other debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Reserves +€4,869
up €4,869 (+4.2%), from €115,848 to €120,717
- Tax, wage and social debts +€3,307
up €3,307 (+144.2%), from €2,294 to €5,601
- Gross operating margin -€25,047
down €25,047 (-61.1%), from €40,970 to €15,923
- Taxes -€9,844
down €9,844 (-80.1%), from €12,294 to €2,450
- Depreciation +€4,330
up €4,330 (+128.4%), from €3,373 to €7,703
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 | €127,332 | €130,463 | +€3,131 | +2.5% |
| Fixed assets | 21/28 | €670 | €32,662 | +€31,993 | +4778.5% |
| Tangible fixed assets | 22/27 | €670 | €32,662 | +€31,993 | +4778.5% |
| Furniture and vehicles | 24 | €670 | €32,662 | +€31,993 | +4778.5% |
| Current assets | 29/58 | €126,663 | €97,801 | -€28,862 | -22.8% |
| Amounts receivable within one year | 40/41 | €30,484 | €25,118 | -€5,366 | -17.6% |
| Trade receivables | 40 | €23,506 | €19,408 | -€4,097 | -17.4% |
| Other amounts receivable | 41 | €6,978 | €5,710 | -€1,269 | -18.2% |
| Cash at bank and in hand | 54/58 | €96,167 | €72,101 | -€24,066 | -25.0% |
| Deferred charges and accrued income | 490/1 | €12 | €582 | +€570 | +4768.3% |
| Total equity and liabilities | 10/49 | €127,332 | €130,463 | +€3,131 | +2.5% |
| Equity | 10/15 | €118,848 | €123,717 | +€4,869 | +4.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €115,848 | €120,717 | +€4,869 | +4.2% |
| Distributable reserves | 133 | €115,848 | €120,717 | +€4,869 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,484 | €6,746 | -€1,738 | -20.5% |
| Amounts payable within one year | 42/48 | €8,484 | €6,746 | -€1,738 | -20.5% |
| Financial debts | 43 | - | €428 | +€428 | |
| Credit institutions | 430/8 | - | €428 | +€428 | |
| Trade debts | 44 | €1,190 | €716 | -€474 | -39.8% |
| Suppliers | 440/4 | €1,190 | €716 | -€474 | -39.8% |
| Taxes, remuneration and social security | 45 | €2,294 | €5,601 | +€3,307 | +144.2% |
| Taxes | 450/3 | €2,294 | €5,601 | +€3,307 | +144.2% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100.0% |
| Non-recurring operating income | 76A | - | €795 | +€795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,373 | €7,703 | +€4,330 | +128.4% |
| Other operating charges | 640/8 | €697 | €925 | +€227 | +32.6% |
| Gross operating margin | 9900 | €40,970 | €15,923 | -€25,047 | -61.1% |
| Operating profit (loss) | 9901 | €36,900 | €7,296 | -€29,605 | -80.2% |
| Financial income | 75/76B | €232 | €253 | +€20 | +8.7% |
| Recurring financial income | 75 | €232 | €253 | +€20 | +8.7% |
| Financial charges | 65/66B | €185 | €229 | +€44 | +23.5% |
| Recurring financial charges | 65 | €185 | €229 | +€44 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €36,947 | €7,319 | -€29,628 | -80.2% |
| Income taxes | 67/77 | €12,294 | €2,450 | -€9,844 | -80.1% |
| Profit (loss) for the period | 9904 | €24,653 | €4,869 | -€19,784 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,653 | €4,869 | -€19,784 | -80.2% |
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 9 October 2026 via checked.be.