ERLINVEST: 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.
ERLINVEST
Largest movements
- Tangible fixed assets -€31,386
down €31,386 (-20.5%), from €153,144 to €121,758
of which Land and buildings: -€28,453
- Other debts -€18,381
down €18,381 (-4.5%), from €407,620 to €389,239
- Profit (loss) carried forward -€12,806
down €12,806 (-2.8%), from -€454,248 to -€467,054
- Gross operating margin -€5,502
down €5,502 (-20.0%), from €27,512 to €22,010
- Depreciation -€2,081
down €2,081 (-6.2%), from €33,467 to €31,386
- Other operating charges -€297
down €297 (-9.1%), from €3,271 to €2,975
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 | €153,998 | €122,810 | -€31,188 | -20.3% |
| Fixed assets | 21/28 | €153,144 | €121,758 | -€31,386 | -20.5% |
| Tangible fixed assets | 22/27 | €153,144 | €121,758 | -€31,386 | -20.5% |
| Land and buildings | 22 | €148,677 | €120,224 | -€28,453 | -19.1% |
| Plant, machinery and equipment | 23 | €4,467 | €1,534 | -€2,933 | -65.7% |
| Current assets | 29/58 | €854 | €1,052 | +€198 | +23.2% |
| Cash at bank and in hand | 54/58 | €266 | €438 | +€172 | +64.9% |
| Deferred charges and accrued income | 490/1 | €588 | €614 | +€26 | +4.4% |
| Total equity and liabilities | 10/49 | €153,998 | €122,810 | -€31,188 | -20.3% |
| Equity | 10/15 | -€253,813 | -€266,619 | -€12,806 | -5.0% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €2,120 | €2,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €554 | €554 | = | 0.0% |
| Distributable reserves | 133 | €1,566 | €1,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,248 | -€467,054 | -€12,806 | -2.8% |
| Amounts payable | 17/49 | €407,811 | €389,429 | -€18,381 | -4.5% |
| Amounts payable within one year | 42/48 | €407,620 | €389,239 | -€18,381 | -4.5% |
| Other amounts payable | 47/48 | €407,620 | €389,239 | -€18,381 | -4.5% |
| Accrued charges and deferred income | 492/3 | €191 | €191 | -€0 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,467 | €31,386 | -€2,081 | -6.2% |
| Other operating charges | 640/8 | €3,271 | €2,975 | -€297 | -9.1% |
| Gross operating margin | 9900 | €27,512 | €22,010 | -€5,502 | -20.0% |
| Operating profit (loss) | 9901 | -€9,226 | -€12,351 | -€3,125 | -33.9% |
| Financial charges | 65/66B | €441 | €455 | +€15 | +3.3% |
| Recurring financial charges | 65 | €441 | €455 | +€15 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,667 | -€12,806 | -€3,139 | -32.5% |
| Profit (loss) for the period | 9904 | -€9,667 | -€12,806 | -€3,139 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,667 | -€12,806 | -€3,139 | -32.5% |
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 17 October 2026 via checked.be.