EROLA: 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.
EROLA
Largest movements
- Tangible fixed assets -€6,000
down €6,000 (-3.6%), from €166,000 to €160,000
- Cash -€4,820
down €4,820 (-46.9%), from €10,286 to €5,466
mainly Debts after one year (-€23,395) and Deferred charges and accrued income (-€64)
- Debts after one year -€23,395
down €23,395 (-21.0%), from €111,212 to €87,817
of which Financial debts: -€16,395
- Reserves +€7,986
up €7,986 (+35.3%), from €22,621 to €30,607
- Gross operating margin +€855
up €855 (+3.8%), from €22,799 to €23,654
- Financial charges +€506
up €506 (+20.5%), from €2,463 to €2,969
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 | €178,926 | €167,237 | -€11,689 | -6.5% |
| Fixed assets | 21/28 | €166,000 | €160,000 | -€6,000 | -3.6% |
| Tangible fixed assets | 22/27 | €166,000 | €160,000 | -€6,000 | -3.6% |
| Land and buildings | 22 | €166,000 | €160,000 | -€6,000 | -3.6% |
| Current assets | 29/58 | €12,926 | €7,237 | -€5,689 | -44.0% |
| Amounts receivable within one year | 40/41 | €933 | - | -€933 | |
| Other amounts receivable | 41 | €933 | - | -€933 | |
| Cash at bank and in hand | 54/58 | €10,286 | €5,466 | -€4,820 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,707 | €1,771 | +€64 | +3.7% |
| Total equity and liabilities | 10/49 | €178,926 | €167,237 | -€11,689 | -6.5% |
| Equity | 10/15 | €41,221 | €49,207 | +€7,986 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,621 | €30,607 | +€7,986 | +35.3% |
| Distributable reserves | 133 | €22,621 | €30,607 | +€7,986 | +35.3% |
| Amounts payable | 17/49 | €137,706 | €118,030 | -€19,676 | -14.3% |
| Amounts payable after more than one year | 17 | €111,212 | €87,817 | -€23,395 | -21.0% |
| Financial debts | 170/4 | €68,162 | €51,767 | -€16,395 | -24.1% |
| Other amounts payable | 178/9 | €43,050 | €36,050 | -€7,000 | -16.3% |
| Amounts payable within one year | 42/48 | €26,494 | €30,213 | +€3,720 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €15,983 | €16,395 | +€412 | +2.6% |
| Trade debts | 44 | €2,108 | €3,477 | +€1,369 | +64.9% |
| Suppliers | 440/4 | €2,108 | €3,477 | +€1,369 | +64.9% |
| Taxes, remuneration and social security | 45 | - | €227 | +€227 | |
| Taxes | 450/3 | - | €227 | +€227 | |
| Other amounts payable | 47/48 | €8,402 | €10,114 | +€1,711 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,125 | €2,973 | -€153 | -4.9% |
| Gross operating margin | 9900 | €22,799 | €23,654 | +€855 | +3.8% |
| Operating profit (loss) | 9901 | €13,674 | €14,682 | +€1,008 | +7.4% |
| Financial charges | 65/66B | €2,463 | €2,969 | +€506 | +20.5% |
| Recurring financial charges | 65 | €2,463 | €2,969 | +€506 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €11,211 | €11,713 | +€502 | +4.5% |
| Income taxes | 67/77 | €3,567 | €3,727 | +€160 | +4.5% |
| Profit (loss) for the period | 9904 | €7,644 | €7,986 | +€342 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,644 | €7,986 | +€342 | +4.5% |
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 5 October 2026 via checked.be.