ERLUNAC: 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.
ERLUNAC
Largest movements
- Receivables within one year +€2,844
up €2,844 (+10.9%), from €26,002 to €28,847
of which Trade receivables: +€3,347
- Tangible fixed assets -€660
down €660 (-77.0%), from €858 to €198
- Trade debts -€5,550
down €5,550 (-10.0%), from €55,650 to €50,100
- Other debts +€4,615
up €4,615 (+7.4%), from €62,376 to €66,992
- Profit (loss) carried forward +€2,747
up €2,747 (+1.7%), from -€158,545 to -€155,798
- Gross operating margin +€2,048
up €2,048 (+42.0%), from €4,870 to €6,918
- Financial charges +€698
up €698 (+34.8%), from €2,008 to €2,706
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 | €31,937 | €34,104 | +€2,168 | +6.8% |
| Fixed assets | 21/28 | €858 | €198 | -€660 | -77.0% |
| Tangible fixed assets | 22/27 | €858 | €198 | -€660 | -77.0% |
| Plant, machinery and equipment | 23 | €858 | €198 | -€660 | -77.0% |
| Current assets | 29/58 | €31,079 | €33,907 | +€2,828 | +9.1% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,002 | €28,847 | +€2,844 | +10.9% |
| Trade receivables | 40 | €25,291 | €28,638 | +€3,347 | +13.2% |
| Other amounts receivable | 41 | €711 | €209 | -€503 | -70.6% |
| Cash at bank and in hand | 54/58 | €29 | €10 | -€19 | -65.0% |
| Deferred charges and accrued income | 490/1 | €48 | €50 | +€2 | +4.2% |
| Total equity and liabilities | 10/49 | €31,937 | €34,104 | +€2,168 | +6.8% |
| Equity | 10/15 | -€111,033 | -€108,286 | +€2,747 | +2.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €41,315 | €41,315 | = | 0.0% |
| Distributable reserves | 133 | €41,315 | €41,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,545 | -€155,798 | +€2,747 | +1.7% |
| Amounts payable | 17/49 | €142,969 | €142,390 | -€579 | -0.4% |
| Amounts payable within one year | 42/48 | €142,969 | €142,390 | -€579 | -0.4% |
| Financial debts | 43 | €24,909 | €24,981 | +€72 | +0.3% |
| Credit institutions | 430/8 | €24,909 | €24,981 | +€72 | +0.3% |
| Trade debts | 44 | €55,650 | €50,100 | -€5,550 | -10.0% |
| Suppliers | 440/4 | €55,650 | €50,100 | -€5,550 | -10.0% |
| Taxes, remuneration and social security | 45 | €34 | €317 | +€283 | +830% |
| Taxes | 450/3 | €34 | €317 | +€283 | +830% |
| Other amounts payable | 47/48 | €62,376 | €66,992 | +€4,615 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €660 | €660 | = | 0.0% |
| Other operating charges | 640/8 | €824 | €808 | -€16 | -1.9% |
| Gross operating margin | 9900 | €4,870 | €6,918 | +€2,048 | +42.0% |
| Operating profit (loss) | 9901 | €3,386 | €5,450 | +€2,064 | +60.9% |
| Financial income | 75/76B | €3 | €3 | +€0 | +1.6% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +1.6% |
| Financial charges | 65/66B | €2,008 | €2,706 | +€698 | +34.8% |
| Recurring financial charges | 65 | €2,008 | €2,706 | +€698 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €1,382 | €2,747 | +€1,366 | +98.8% |
| Profit (loss) for the period | 9904 | €1,382 | €2,747 | +€1,366 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,382 | €2,747 | +€1,366 | +98.8% |
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 20 October 2026 via checked.be.