ERLYBO: 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.
ERLYBO
Largest movements
- Tangible fixed assets +€159,435
up €159,435 (+84.2%), from €189,381 to €348,816
of which Land and buildings: +€158,335
- Debts after one year +€409,500
up €409,500 (+128.0%), from €320,000 to €729,500
- Other debts -€216,068
down €216,068 (-71.0%), from €304,421 to €88,353
- Profit (loss) carried forward -€17,303
down €17,303 (-5.8%), from €297,430 to €280,126
- Depreciation +€5,893
up €5,893 (+45.5%), from €12,950 to €18,844
- Gross operating margin -€3,484
down €3,484, from €2,392 to -€1,092
- Financial charges -€622
down €622 (-94.4%), from €659 to €37
- Other operating charges -€225
down €225 (-10.8%), from €2,076 to €1,850
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 | €984,480 | €1,150,915 | +€166,435 | +16.9% |
| Fixed assets | 21/28 | €189,381 | €348,816 | +€159,435 | +84.2% |
| Tangible fixed assets | 22/27 | €189,381 | €348,816 | +€159,435 | +84.2% |
| Land and buildings | 22 | €189,381 | €347,715 | +€158,335 | +83.6% |
| Plant, machinery and equipment | 23 | - | €1,100 | +€1,100 | |
| Current assets | 29/58 | €795,099 | €802,099 | +€7,000 | +0.9% |
| Amounts receivable after more than one year | 29 | €795,000 | €795,000 | = | 0.0% |
| Other amounts receivable | 291 | €795,000 | €795,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €6,415 | +€6,415 | |
| Other amounts receivable | 41 | - | €6,415 | +€6,415 | |
| Cash at bank and in hand | 54/58 | €99 | €684 | +€585 | +590.0% |
| Total equity and liabilities | 10/49 | €984,480 | €1,150,915 | +€166,435 | +16.9% |
| Equity | 10/15 | €349,892 | €329,605 | -€20,287 | -5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,462 | €44,479 | -€2,983 | -6.3% |
| Tax-exempt reserves | 132 | €8,950 | €5,967 | -€2,983 | -33.3% |
| Distributable reserves | 133 | €38,512 | €38,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,430 | €280,126 | -€17,303 | -5.8% |
| Provisions and deferred taxes | 16 | €4,609 | €3,072 | -€1,536 | -33.3% |
| Deferred taxes | 168 | €4,609 | €3,072 | -€1,536 | -33.3% |
| Amounts payable | 17/49 | €629,979 | €818,237 | +€188,258 | +29.9% |
| Amounts payable after more than one year | 17 | €320,000 | €729,500 | +€409,500 | +128.0% |
| Financial debts | 170/4 | €320,000 | €729,500 | +€409,500 | +128.0% |
| Amounts payable within one year | 42/48 | €309,979 | €88,737 | -€221,242 | -71.4% |
| Trade debts | 44 | €5,558 | €384 | -€5,174 | -93.1% |
| Suppliers | 440/4 | €5,558 | €384 | -€5,174 | -93.1% |
| Other amounts payable | 47/48 | €304,421 | €88,353 | -€216,068 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,950 | €18,844 | +€5,893 | +45.5% |
| Other operating charges | 640/8 | €2,076 | €1,850 | -€225 | -10.8% |
| Gross operating margin | 9900 | €2,392 | -€1,092 | -€3,484 | |
| Operating profit (loss) | 9901 | -€12,634 | -€21,786 | -€9,152 | -72.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €659 | €37 | -€622 | -94.4% |
| Recurring financial charges | 65 | €659 | €37 | -€622 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,293 | -€21,823 | -€8,530 | -64.2% |
| Transfer from deferred taxes | 780 | €1,536 | €1,536 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,757 | -€20,287 | -€8,530 | -72.6% |
| Transfer from tax-exempt reserves | 789 | €2,983 | €2,983 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,773 | -€17,303 | -€8,530 | -97.2% |
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 7 October 2026 via checked.be.