EROLEC: 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.
EROLEC
Largest movements
- Cash +€49,453
up €49,453 (+292.5%), from €16,909 to €66,361
mainly Net result for the year (+€51,972) and Receivables within one year (+€47,289)
- Receivables within one year -€47,289
down €47,289 (-50.0%), from €94,668 to €47,379
of which Other amounts receivable: -€28,462
- Tangible fixed assets -€14,933
down €14,933 (-17.6%), from €84,933 to €70,000
of which Land and buildings: -€8,794
- Reserves -€14,184
down €14,184 (-6.1%), from €232,584 to €218,399
- Other debts +€9,066
up €9,066 (+15.1%), from €60,000 to €69,066
- Tax, wage and social debts -€7,166
down €7,166 (-30.8%), from €23,259 to €16,093
of which Remuneration and social security: -€7,737
- Staff costs -€48,974
down €48,974 (-68.1%), from €71,914 to €22,940
- Taxes +€20,274
up €20,274 (+427.5%), from €4,742 to €25,016
- Gross operating margin +€12,936
up €12,936 (+12.4%), from €104,420 to €117,357
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 | €353,729 | €339,232 | -€14,497 | -4.1% |
| Fixed assets | 21/28 | €239,139 | €224,206 | -€14,933 | -6.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €84,933 | €70,000 | -€14,933 | -17.6% |
| Land and buildings | 22 | €71,605 | €62,811 | -€8,794 | -12.3% |
| Plant, machinery and equipment | 23 | €3,182 | €2,202 | -€980 | -30.8% |
| Furniture and vehicles | 24 | €10,146 | €4,987 | -€5,159 | -50.9% |
| Financial fixed assets | 28 | €154,206 | €154,206 | = | 0.0% |
| Current assets | 29/58 | €114,590 | €115,026 | +€436 | +0.4% |
| Amounts receivable within one year | 40/41 | €94,668 | €47,379 | -€47,289 | -50.0% |
| Trade receivables | 40 | €62,211 | €43,383 | -€18,828 | -30.3% |
| Other amounts receivable | 41 | €32,458 | €3,996 | -€28,462 | -87.7% |
| Cash at bank and in hand | 54/58 | €16,909 | €66,361 | +€49,453 | +292.5% |
| Deferred charges and accrued income | 490/1 | €3,013 | €1,286 | -€1,727 | -57.3% |
| Total equity and liabilities | 10/49 | €353,729 | €339,232 | -€14,497 | -4.1% |
| Equity | 10/15 | €256,365 | €241,194 | -€15,171 | -5.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €232,584 | €218,399 | -€14,184 | -6.1% |
| Distributable reserves | 133 | €232,584 | €218,399 | -€14,184 | -6.1% |
| Investment grants | 15 | €8,781 | €7,795 | -€987 | -11.2% |
| Amounts payable | 17/49 | €97,364 | €98,038 | +€674 | +0.7% |
| Amounts payable within one year | 42/48 | €97,114 | €98,038 | +€924 | +1.0% |
| Trade debts | 44 | €13,855 | €10,713 | -€3,142 | -22.7% |
| Suppliers | 440/4 | €12,052 | €4,734 | -€7,318 | -60.7% |
| Bills of exchange payable | 441 | €1,803 | €5,979 | +€4,176 | +231.6% |
| Advances received on contracts in progress | 46 | - | €2,166 | +€2,166 | |
| Taxes, remuneration and social security | 45 | €23,259 | €16,093 | -€7,166 | -30.8% |
| Taxes | 450/3 | €12,071 | €12,642 | +€571 | +4.7% |
| Remuneration and social security | 454/9 | €11,188 | €3,451 | -€7,737 | -69.2% |
| Other amounts payable | 47/48 | €60,000 | €69,066 | +€9,066 | +15.1% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €71,914 | €22,940 | -€48,974 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,139 | €14,933 | -€205 | -1.4% |
| Other operating charges | 640/8 | €3,640 | €2,929 | -€711 | -19.5% |
| Gross operating margin | 9900 | €104,420 | €117,357 | +€12,936 | +12.4% |
| Operating profit (loss) | 9901 | €13,728 | €76,554 | +€62,826 | +457.6% |
| Financial income | 75/76B | €987 | €990 | +€3 | +0.3% |
| Recurring financial income | 75 | €987 | €990 | +€3 | +0.3% |
| Financial charges | 65/66B | €587 | €556 | -€31 | -5.3% |
| Recurring financial charges | 65 | €587 | €556 | -€31 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €14,128 | €76,988 | +€62,861 | +444.9% |
| Income taxes | 67/77 | €4,742 | €25,016 | +€20,274 | +427.5% |
| Profit (loss) for the period | 9904 | €9,385 | €51,972 | +€42,587 | +453.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,385 | €51,972 | +€42,587 | +453.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.