ERLO: 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.
ERLO
Largest movements
- Cash +€18,834
up €18,834 (+27.0%), from €69,749 to €88,583
mainly Net result for the year (+€64,433) and Depreciation (+€16,713)
- Receivables within one year +€15,377
up €15,377 (+48.3%), from €31,820 to €47,197
of which Other amounts receivable: +€16,243
- Tangible fixed assets -€11,805
down €11,805 (-2.9%), from €403,487 to €391,682
of which Land and buildings: -€14,583
- Reserves +€55,433
up €55,433 (+26.8%), from €206,465 to €261,898
of which Distributable reserves: +€55,433
- Debts after one year -€28,867
down €28,867 (-12.2%), from €236,807 to €207,940
- Other debts +€9,000
new in 2024: €9,000
- Current portion of long-term debt -€5,424
down €5,424 (-14.3%), from €38,041 to €32,617
- Gross operating margin +€23,507
up €23,507 (+22.7%), from €103,709 to €127,217
- Staff costs -€12,409
down €12,409 (-77.7%), from €15,976 to €3,567
- Taxes +€7,234
up €7,234 (+43.1%), from €16,784 to €24,017
- Financial charges +€2,028
up €2,028 (+15.4%), from €13,139 to €15,168
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,272 | €530,579 | +€23,307 | +4.6% |
| Fixed assets | 21/28 | €403,562 | €391,682 | -€11,879 | -2.9% |
| Tangible fixed assets | 22/27 | €403,487 | €391,682 | -€11,805 | -2.9% |
| Land and buildings | 22 | €396,716 | €382,133 | -€14,583 | -3.7% |
| Plant, machinery and equipment | 23 | - | €4,908 | +€4,908 | |
| Furniture and vehicles | 24 | €6,771 | €4,641 | -€2,131 | -31.5% |
| Financial fixed assets | 28 | €74 | €0 | -€74 | -100% |
| Current assets | 29/58 | €103,711 | €138,897 | +€35,186 | +33.9% |
| Amounts receivable within one year | 40/41 | €31,820 | €47,197 | +€15,377 | +48.3% |
| Trade receivables | 40 | €18,159 | €17,293 | -€866 | -4.8% |
| Other amounts receivable | 41 | €13,661 | €29,904 | +€16,243 | +119% |
| Cash at bank and in hand | 54/58 | €69,749 | €88,583 | +€18,834 | +27.0% |
| Deferred charges and accrued income | 490/1 | €2,141 | €3,116 | +€975 | +45.5% |
| Total equity and liabilities | 10/49 | €507,272 | €530,579 | +€23,307 | +4.6% |
| Equity | 10/15 | €212,662 | €268,095 | +€55,433 | +26.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €206,465 | €261,898 | +€55,433 | +26.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,406 | €6,406 | = | 0.0% |
| Distributable reserves | 133 | €200,058 | €255,491 | +€55,433 | +27.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €294,611 | €262,484 | -€32,127 | -10.9% |
| Amounts payable after more than one year | 17 | €236,807 | €207,940 | -€28,867 | -12.2% |
| Financial debts | 170/4 | €236,807 | €207,940 | -€28,867 | -12.2% |
| Amounts payable within one year | 42/48 | €57,804 | €54,544 | -€3,260 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €38,041 | €32,617 | -€5,424 | -14.3% |
| Financial debts | 43 | €137 | - | -€137 | |
| Credit institutions | 430/8 | €137 | - | -€137 | |
| Trade debts | 44 | €5,508 | €1,174 | -€4,334 | -78.7% |
| Suppliers | 440/4 | €5,508 | €1,174 | -€4,334 | -78.7% |
| Taxes, remuneration and social security | 45 | €14,118 | €11,753 | -€2,365 | -16.8% |
| Taxes | 450/3 | €11,474 | €11,753 | +€279 | +2.4% |
| Remuneration and social security | 454/9 | €2,643 | - | -€2,643 | |
| Other amounts payable | 47/48 | - | €9,000 | +€9,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €15,976 | €3,567 | -€12,409 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,327 | €16,713 | -€613 | -3.5% |
| Other operating charges | 640/8 | €3,569 | €3,376 | -€193 | -5.4% |
| Gross operating margin | 9900 | €103,709 | €127,217 | +€23,507 | +22.7% |
| Operating profit (loss) | 9901 | €66,838 | €103,560 | +€36,722 | +54.9% |
| Financial income | 75/76B | €1,048 | €58 | -€990 | -94.4% |
| Recurring financial income | 75 | €1,048 | €58 | -€990 | -94.4% |
| Financial charges | 65/66B | €13,139 | €15,168 | +€2,028 | +15.4% |
| Recurring financial charges | 65 | €13,139 | €15,168 | +€2,028 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €54,746 | €88,451 | +€33,704 | +61.6% |
| Income taxes | 67/77 | €16,784 | €24,017 | +€7,234 | +43.1% |
| Profit (loss) for the period | 9904 | €37,963 | €64,433 | +€26,471 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,963 | €64,433 | +€26,471 | +69.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.