Erogal: 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.
What changed
Erogal
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€53,474
2024 · €102,044-€48,570
Equity
€2.1m
2024 · €2.0m+€53,474
Cash
€396,330
2024 · €151,698+€244,632
Balance sheet total
€6.1m
2024 · €6.0m+€154,785
Largest movements
Assets
- Receivables within one year +€326,807
up €326,807 (+56.1%), from €582,421 to €909,228
of which Other amounts receivable: +€212,378
- Cash +€244,632
up €244,632 (+161%), from €151,698 to €396,330
mainly Depreciation (+€378,090) and Current investments (+€232,439)
- Current investments -€232,439
down €232,439 (-15.1%), from €1.5m to €1.3m
- Tangible fixed assets -€123,640
down €123,640 (-3.5%), from €3.5m to €3.4m
of which Land and buildings: -€194,308
Equity and liabilities
- Short-term financial debts +€155,871
up €155,871 (+64.5%), from €241,598 to €397,470
- Other debts -€82,704
down €82,704 (-39.3%), from €210,593 to €127,889
Income statement
- Gross operating margin +€163,329
up €163,329 (+6.7%), from €2.4m to €2.6m
- Financial income -€56,880
down €56,880 (-27.8%), from €204,569 to €147,690
- Staff costs +€55,135
up €55,135 (+2.8%), from €2.0m to €2.0m
- Financial charges +€53,466
up €53,466 (+48.7%), from €109,821 to €163,286
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.
Result 2024
€102,044
Gross operating margin
+€163,329
Staff costs
-€55,135
Depreciation
-€15,476
Write-downs
-€425
Other operating charges
+€1,038
Other operating items
-€13,363
Financial income
-€56,880
Financial charges
-€53,466
Taxes
-€18,193
Result 2025
€53,474
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€70,582
Investment
-€22,011
Financing
+€196,062
Cash 2024
€151,698
From operations (derived)
+€70,582
Net result for the year
+€53,474
Depreciation
+€378,090
Stocks and contracts
+€6,123
Receivables within one year
-€326,807
Deferred charges and accrued income
+€54,451
Trade debts
+€42,674
Tax, wage and social debts
-€54,720
Other debts
-€82,704
Investment (derived)
-€22,011
Investment in fixed assets (net)
-€254,450
Current investments
+€232,439
Financing
+€196,062
Debts after one year
+€27,534
Current portion of long-term debt
+€12,656
Short-term financial debts
+€155,871
Cash 2025
€396,330
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,982,247 | €6,137,032 | +€154,785 | +2.6% |
| Fixed assets | 21/28 | €3,547,658 | €3,424,018 | -€123,640 | -3.5% |
| Tangible fixed assets | 22/27 | €3,547,459 | €3,423,820 | -€123,640 | -3.5% |
| Land and buildings | 22 | €2,630,683 | €2,436,375 | -€194,308 | -7.4% |
| Plant, machinery and equipment | 23 | €849,415 | €934,070 | +€84,656 | +10.0% |
| Furniture and vehicles | 24 | €67,361 | €53,374 | -€13,987 | -20.8% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €2,434,589 | €2,713,014 | +€278,425 | +11.4% |
| Stocks and contracts in progress | 3 | €89,370 | €83,247 | -€6,123 | -6.9% |
| Stocks | 30/36 | €89,370 | €83,247 | -€6,123 | -6.9% |
| Amounts receivable within one year | 40/41 | €582,421 | €909,228 | +€326,807 | +56.1% |
| Trade receivables | 40 | €580,932 | €695,361 | +€114,429 | +19.7% |
| Other amounts receivable | 41 | €1,489 | €213,867 | +€212,378 | +14,265% |
| Current investments | 50/53 | €1,534,923 | €1,302,484 | -€232,439 | -15.1% |
| Cash at bank and in hand | 54/58 | €151,698 | €396,330 | +€244,632 | +161% |
| Deferred charges and accrued income | 490/1 | €76,176 | €21,725 | -€54,451 | -71.5% |
| Total equity and liabilities | 10/49 | €5,982,247 | €6,137,032 | +€154,785 | +2.6% |
| Equity | 10/15 | €2,044,008 | €2,097,482 | +€53,474 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,324,814 | €1,378,288 | +€53,474 | +4.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,547 | €4,547 | = | 0.0% |
| Distributable reserves | 133 | €1,314,068 | €1,367,542 | +€53,474 | +4.1% |
| Profit (loss) carried forward | 14 | €657,194 | €657,194 | = | 0.0% |
| Amounts payable | 17/49 | €3,938,238 | €4,039,550 | +€101,311 | +2.6% |
| Amounts payable after more than one year | 17 | €2,514,843 | €2,542,377 | +€27,534 | +1.1% |
| Financial debts | 170/4 | €1,975,529 | €2,003,063 | +€27,534 | +1.4% |
| Other amounts payable | 178/9 | €539,315 | €539,315 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,423,395 | €1,497,172 | +€73,777 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €349,177 | €361,833 | +€12,656 | +3.6% |
| Financial debts | 43 | €241,598 | €397,470 | +€155,871 | +64.5% |
| Credit institutions | 430/8 | €241,598 | €397,470 | +€155,871 | +64.5% |
| Trade debts | 44 | €291,092 | €333,766 | +€42,674 | +14.7% |
| Suppliers | 440/4 | €291,092 | €333,766 | +€42,674 | +14.7% |
| Taxes, remuneration and social security | 45 | €330,934 | €276,215 | -€54,720 | -16.5% |
| Taxes | 450/3 | €115,712 | €62,393 | -€53,319 | -46.1% |
| Remuneration and social security | 454/9 | €215,223 | €213,822 | -€1,401 | -0.7% |
| Other amounts payable | 47/48 | €210,593 | €127,889 | -€82,704 | -39.3% |
| Non-recurring operating income | 76A | €19,500 | €15,294 | -€4,206 | -21.6% |
| Remuneration, social security and pensions | 62 | €1,962,620 | €2,017,755 | +€55,135 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362,614 | €378,090 | +€15,476 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€425 | €0 | +€425 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €48,962 | €47,924 | -€1,038 | -2.1% |
| Non-recurring operating charges | 66A | - | €13,363 | +€13,363 | |
| Gross operating margin | 9900 | €2,434,053 | €2,597,382 | +€163,329 | +6.7% |
| Operating profit (loss) | 9901 | €60,282 | €140,250 | +€79,968 | +133% |
| Financial income | 75/76B | €204,569 | €147,690 | -€56,880 | -27.8% |
| Recurring financial income | 75 | €204,569 | €147,690 | -€56,880 | -27.8% |
| Financial charges | 65/66B | €109,821 | €163,286 | +€53,466 | +48.7% |
| Recurring financial charges | 65 | €109,821 | €163,286 | +€53,466 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €155,031 | €124,653 | -€30,378 | -19.6% |
| Income taxes | 67/77 | €52,987 | €71,180 | +€18,193 | +34.3% |
| Profit (loss) for the period | 9904 | €102,044 | €53,474 | -€48,570 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,044 | €53,474 | -€48,570 | -47.6% |
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 15 October 2026 via checked.be.