ERLUCAN: what changed
Two fiscal 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.
ERLUCAN
Largest movements
- Tangible fixed assets -€58,545
down €58,545 (-2.1%), from €2.7m to €2.7m
of which Other tangible fixed assets: -€35,737
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€23,871
down €23,871 (-19.3%), from €123,943 to €100,072
- Other operating charges +€1,935
up €1,935 (+4.0%), from €48,173 to €50,108
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 | €2,841,941 | €2,811,930 | -€30,011 | -1.1% |
| Fixed assets | 21/28 | €2,735,351 | €2,676,806 | -€58,545 | -2.1% |
| Tangible fixed assets | 22/27 | €2,735,313 | €2,676,769 | -€58,545 | -2.1% |
| Land and buildings | 22 | €2,129,252 | €2,107,169 | -€22,084 | -1.0% |
| Furniture and vehicles | 24 | €7,336 | €6,612 | -€724 | -9.9% |
| Other tangible fixed assets | 26 | €598,725 | €562,988 | -€35,737 | -6.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €106,591 | €135,124 | +€28,533 | +26.8% |
| Cash at bank and in hand | 54/58 | €104,581 | €132,874 | +€28,293 | +27.1% |
| Deferred charges and accrued income | 490/1 | €2,009 | €2,250 | +€241 | +12.0% |
| Total equity and liabilities | 10/49 | €2,841,941 | €2,811,930 | -€30,011 | -1.1% |
| Equity | 10/15 | €2,116,760 | €2,090,495 | -€26,264 | -1.2% |
| Contributions | 10/11 | €1,120,000 | €1,120,000 | = | 0.0% |
| Outside capital | 11 | €1,120,000 | €1,120,000 | = | 0.0% |
| Other | 1109/19 | €1,120,000 | €1,120,000 | = | 0.0% |
| Reserves | 13 | €600,451 | €593,453 | -€6,998 | -1.2% |
| Non-distributable reserves | 130/1 | €59,493 | €59,493 | = | 0.0% |
| Reserves not available under the articles | 1311 | €59,493 | €59,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €540,958 | €533,960 | -€6,998 | -1.3% |
| Profit (loss) carried forward | 14 | €396,308 | €377,042 | -€19,266 | -4.9% |
| Provisions and deferred taxes | 16 | €180,443 | €178,110 | -€2,333 | -1.3% |
| Deferred taxes | 168 | €180,443 | €178,110 | -€2,333 | -1.3% |
| Amounts payable | 17/49 | €544,739 | €543,325 | -€1,414 | -0.3% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,199 | €42,589 | -€1,610 | -3.6% |
| Trade debts | 44 | €3,215 | €1,606 | -€1,610 | -50.1% |
| Suppliers | 440/4 | €3,215 | €1,606 | -€1,610 | -50.1% |
| Other amounts payable | 47/48 | €40,983 | €40,983 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €540 | €736 | +€196 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,545 | €58,545 | = | 0.0% |
| Other operating charges | 640/8 | €48,173 | €50,108 | +€1,935 | +4.0% |
| Gross operating margin | 9900 | €123,943 | €100,072 | -€23,871 | -19.3% |
| Operating profit (loss) | 9901 | €17,225 | -€8,581 | -€25,807 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €20,042 | €20,016 | -€26 | -0.1% |
| Recurring financial charges | 65 | €20,042 | €20,016 | -€26 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,817 | -€28,597 | -€25,780 | -915.2% |
| Transfer from deferred taxes | 780 | €2,333 | €2,333 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€484 | -€26,264 | -€25,780 | -5325.1% |
| Transfer from tax-exempt reserves | 789 | €6,998 | €6,998 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,514 | -€19,266 | -€25,780 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.