ERODAN: 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.
ERODAN
Largest movements
- Tangible fixed assets -€34,940
down €34,940 (-92.1%), from €37,936 to €2,996
of which Furniture and vehicles: -€33,931
- Receivables within one year +€11,785
up €11,785 (+7.3%), from €160,655 to €172,440
of which Other amounts receivable: +€7,104
- Cash +€6,219
up €6,219 (+26.4%), from €23,539 to €29,758
mainly Investment in fixed assets (net) (+€33,635) and Trade debts (+€10,152)
- Tax, wage and social debts -€17,236
down €17,236 (-42.4%), from €40,695 to €23,459
of which Taxes: -€22,307
- Trade debts +€10,152
up €10,152 (+67.3%), from €15,086 to €25,238
- Debts after one year -€9,274
down €9,274 (-38.8%), from €23,879 to €14,605
- Profit (loss) carried forward +€4,802
up €4,802 (+11.0%), from €43,512 to €48,313
- Depreciation -€10,189
down €10,189 (-88.1%), from €11,564 to €1,375
- Staff costs +€4,012
up €4,012 (+4.0%), from €99,349 to €103,361
- Financial charges -€1,931
down €1,931 (-20.8%), from €9,277 to €7,346
- Other operating charges +€1,391
up €1,391 (+9.2%), from €15,176 to €16,567
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 | €380,533 | €366,359 | -€14,174 | -3.7% |
| Fixed assets | 21/28 | €40,236 | €5,226 | -€35,010 | -87.0% |
| Tangible fixed assets | 22/27 | €37,936 | €2,996 | -€34,940 | -92.1% |
| Plant, machinery and equipment | 23 | €2,051 | €1,544 | -€507 | -24.7% |
| Furniture and vehicles | 24 | €35,176 | €1,245 | -€33,931 | -96.5% |
| Other tangible fixed assets | 26 | €709 | €206 | -€502 | -70.9% |
| Financial fixed assets | 28 | €2,300 | €2,230 | -€70 | -3.0% |
| Current assets | 29/58 | €340,297 | €361,134 | +€20,836 | +6.1% |
| Stocks and contracts in progress | 3 | €154,595 | €155,715 | +€1,120 | +0.7% |
| Stocks | 30/36 | €154,595 | €155,715 | +€1,120 | +0.7% |
| Amounts receivable within one year | 40/41 | €160,655 | €172,440 | +€11,785 | +7.3% |
| Trade receivables | 40 | €160,324 | €165,005 | +€4,680 | +2.9% |
| Other amounts receivable | 41 | €331 | €7,435 | +€7,104 | +2149.1% |
| Cash at bank and in hand | 54/58 | €23,539 | €29,758 | +€6,219 | +26.4% |
| Deferred charges and accrued income | 490/1 | €1,509 | €3,221 | +€1,712 | +113.5% |
| Total equity and liabilities | 10/49 | €380,533 | €366,359 | -€14,174 | -3.7% |
| Equity | 10/15 | €79,892 | €84,693 | +€4,802 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,780 | €17,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,920 | €15,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,512 | €48,313 | +€4,802 | +11.0% |
| Amounts payable | 17/49 | €300,642 | €281,666 | -€18,976 | -6.3% |
| Amounts payable after more than one year | 17 | €23,879 | €14,605 | -€9,274 | -38.8% |
| Financial debts | 170/4 | €23,879 | €14,605 | -€9,274 | -38.8% |
| Amounts payable within one year | 42/48 | €273,763 | €267,061 | -€6,702 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €8,921 | €9,274 | +€353 | +4.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €15,086 | €25,238 | +€10,152 | +67.3% |
| Suppliers | 440/4 | €15,086 | €25,238 | +€10,152 | +67.3% |
| Taxes, remuneration and social security | 45 | €40,695 | €23,459 | -€17,236 | -42.4% |
| Taxes | 450/3 | €33,301 | €10,994 | -€22,307 | -67.0% |
| Remuneration and social security | 454/9 | €7,393 | €12,464 | +€5,071 | +68.6% |
| Other amounts payable | 47/48 | €84,061 | €84,090 | +€29 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €99,349 | €103,361 | +€4,012 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,564 | €1,375 | -€10,189 | -88.1% |
| Other operating charges | 640/8 | €15,176 | €16,567 | +€1,391 | +9.2% |
| Non-recurring operating charges | 66A | - | €1,251 | +€1,251 | |
| Gross operating margin | 9900 | €137,735 | €137,069 | -€666 | -0.5% |
| Operating profit (loss) | 9901 | €11,647 | €14,515 | +€2,868 | +24.6% |
| Financial income | 75/76B | €820 | €923 | +€103 | +12.5% |
| Recurring financial income | 75 | €820 | €923 | +€103 | +12.5% |
| Financial charges | 65/66B | €9,277 | €7,346 | -€1,931 | -20.8% |
| Recurring financial charges | 65 | €9,277 | €7,346 | -€1,931 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €3,189 | €8,091 | +€4,902 | +153.7% |
| Income taxes | 67/77 | €2,015 | €3,290 | +€1,274 | +63.2% |
| Profit (loss) for the period | 9904 | €1,174 | €4,802 | +€3,628 | +309.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,174 | €4,802 | +€3,628 | +309.1% |
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 30 September 2026 via checked.be.