Eroels: 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.
Eroels
Largest movements
- Receivables within one year +€16,645
up €16,645 (+329%), from €5,055 to €21,700
of which Trade receivables: +€16,645
- Tangible fixed assets -€6,067
down €6,067 (-17.8%), from €34,086 to €28,020
of which Leasing and similar rights: -€6,902
- Cash +€2,776
up €2,776 (+24.7%), from €11,239 to €14,015
mainly Tax, wage and social debts (+€12,466) and Net result for the year (+€11,879)
- Tax, wage and social debts +€12,466
up €12,466 (+318%), from €3,926 to €16,392
of which Taxes: +€9,653
- Reserves +€11,879
up €11,879 (+130%), from €9,153 to €21,032
- Debts after one year -€8,755
down €8,755 (-47.0%), from €18,613 to €9,858
- Other debts -€4,993
down €4,993 (-74.0%), from €6,745 to €1,752
- Trade debts +€2,216
up €2,216 (+246%), from €902 to €3,117
- Gross operating margin +€3,926
up €3,926 (+15.4%), from €25,550 to €29,476
- Depreciation +€1,938
up €1,938 (+26.4%), from €7,351 to €9,290
- Taxes +€1,414
up €1,414 (+38.7%), from €3,650 to €5,063
- Other operating charges +€409
up €409 (+23.6%), from €1,732 to €2,141
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 | €51,197 | €64,528 | +€13,331 | +26.0% |
| Fixed assets | 21/28 | €34,086 | €28,020 | -€6,067 | -17.8% |
| Tangible fixed assets | 22/27 | €34,086 | €28,020 | -€6,067 | -17.8% |
| Plant, machinery and equipment | 23 | €4,362 | €5,791 | +€1,429 | +32.8% |
| Furniture and vehicles | 24 | €1,180 | €586 | -€593 | -50.3% |
| Leasing and similar rights | 25 | €28,544 | €21,642 | -€6,902 | -24.2% |
| Current assets | 29/58 | €17,111 | €36,509 | +€19,398 | +113% |
| Amounts receivable within one year | 40/41 | €5,055 | €21,700 | +€16,645 | +329% |
| Trade receivables | 40 | €5,055 | €21,700 | +€16,645 | +329% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,239 | €14,015 | +€2,776 | +24.7% |
| Deferred charges and accrued income | 490/1 | €817 | €794 | -€24 | -2.9% |
| Total equity and liabilities | 10/49 | €51,197 | €64,528 | +€13,331 | +26.0% |
| Equity | 10/15 | €12,153 | €24,032 | +€11,879 | +97.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,153 | €21,032 | +€11,879 | +130% |
| Distributable reserves | 133 | €9,153 | €21,032 | +€11,879 | +130% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €39,045 | €40,496 | +€1,452 | +3.7% |
| Amounts payable after more than one year | 17 | €18,613 | €9,858 | -€8,755 | -47.0% |
| Financial debts | 170/4 | €18,613 | €9,858 | -€8,755 | -47.0% |
| Amounts payable within one year | 42/48 | €20,432 | €30,454 | +€10,023 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €8,859 | €9,193 | +€335 | +3.8% |
| Trade debts | 44 | €902 | €3,117 | +€2,216 | +246% |
| Suppliers | 440/4 | €902 | €3,117 | +€2,216 | +246% |
| Taxes, remuneration and social security | 45 | €3,926 | €16,392 | +€12,466 | +318% |
| Taxes | 450/3 | €3,926 | €13,579 | +€9,653 | +246% |
| Remuneration and social security | 454/9 | - | €2,812 | +€2,812 | |
| Other amounts payable | 47/48 | €6,745 | €1,752 | -€4,993 | -74.0% |
| Accrued charges and deferred income | 492/3 | - | €184 | +€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,351 | €9,290 | +€1,938 | +26.4% |
| Other operating charges | 640/8 | €1,732 | €2,141 | +€409 | +23.6% |
| Gross operating margin | 9900 | €25,550 | €29,476 | +€3,926 | +15.4% |
| Operating profit (loss) | 9901 | €16,467 | €18,045 | +€1,579 | +9.6% |
| Financial income | 75/76B | €5 | €26 | +€21 | +407% |
| Recurring financial income | 75 | €5 | €26 | +€21 | +407% |
| Financial charges | 65/66B | €1,255 | €1,130 | -€126 | -10.0% |
| Recurring financial charges | 65 | €1,255 | €1,130 | -€126 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €15,217 | €16,942 | +€1,725 | +11.3% |
| Income taxes | 67/77 | €3,650 | €5,063 | +€1,414 | +38.7% |
| Profit (loss) for the period | 9904 | €11,567 | €11,879 | +€312 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,567 | €11,879 | +€312 | +2.7% |
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 14 October 2026 via checked.be.