ERRIOT: 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.
ERRIOT
Largest movements
- Cash +€114,663
up €114,663 (+37.6%), from €304,865 to €419,528
mainly Net result for the year (+€154,210) and Depreciation (+€39,800)
- Tangible fixed assets -€39,800
down €39,800 (-3.8%), from €1.1m to €1.0m
of which Land and buildings: -€36,561
- Receivables within one year +€29,804
up €29,804 (+3749.0%), from €795 to €30,599
of which Trade receivables: +€18,979
- Reserves +€154,210
up €154,210 (+17.6%), from €873,781 to €1.0m
of which Distributable reserves: +€154,210
- Advances received -€19,360
no longer reported in 2025 (was €19,360)
- Tax, wage and social debts -€14,925
down €14,925 (-46.3%), from €32,203 to €17,278
of which Taxes: -€19,670
- Gross operating margin -€86,780
down €86,780 (-23.7%), from €366,038 to €279,258
- Depreciation -€36,238
down €36,238 (-47.7%), from €76,038 to €39,800
- Taxes -€17,389
down €17,389 (-20.1%), from €86,564 to €69,175
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 | €1,369,005 | €1,474,100 | +€105,094 | +7.7% |
| Fixed assets | 21/28 | €1,060,302 | €1,020,502 | -€39,800 | -3.8% |
| Tangible fixed assets | 22/27 | €1,060,302 | €1,020,502 | -€39,800 | -3.8% |
| Land and buildings | 22 | €1,056,831 | €1,020,269 | -€36,561 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,471 | €233 | -€3,238 | -93.3% |
| Current assets | 29/58 | €308,704 | €453,598 | +€144,894 | +46.9% |
| Amounts receivable within one year | 40/41 | €795 | €30,599 | +€29,804 | +3749.0% |
| Trade receivables | 40 | €795 | €19,774 | +€18,979 | +2387.3% |
| Other amounts receivable | 41 | - | €10,825 | +€10,825 | |
| Cash at bank and in hand | 54/58 | €304,865 | €419,528 | +€114,663 | +37.6% |
| Deferred charges and accrued income | 490/1 | €3,044 | €3,470 | +€427 | +14.0% |
| Total equity and liabilities | 10/49 | €1,369,005 | €1,474,100 | +€105,094 | +7.7% |
| Equity | 10/15 | €1,270,411 | €1,424,621 | +€154,210 | +12.1% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Reserves | 13 | €873,781 | €1,027,991 | +€154,210 | +17.6% |
| Non-distributable reserves | 130/1 | €69,663 | €69,663 | = | 0.0% |
| Reserves not available under the articles | 1311 | €69,663 | €69,663 | = | 0.0% |
| Distributable reserves | 133 | €804,118 | €958,329 | +€154,210 | +19.2% |
| Amounts payable | 17/49 | €98,595 | €49,478 | -€49,116 | -49.8% |
| Amounts payable after more than one year | 17 | €14,722 | - | -€14,722 | |
| Financial debts | 170/4 | €14,722 | - | -€14,722 | |
| Amounts payable within one year | 42/48 | €83,873 | €49,478 | -€34,395 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €19,304 | €14,722 | -€4,583 | -23.7% |
| Trade debts | 44 | €11,263 | €16,463 | +€5,200 | +46.2% |
| Suppliers | 440/4 | €11,263 | €16,463 | +€5,200 | +46.2% |
| Advances received on contracts in progress | 46 | €19,360 | - | -€19,360 | |
| Taxes, remuneration and social security | 45 | €32,203 | €17,278 | -€14,925 | -46.3% |
| Taxes | 450/3 | €32,203 | €12,533 | -€19,670 | -61.1% |
| Remuneration and social security | 454/9 | - | €4,745 | +€4,745 | |
| Other amounts payable | 47/48 | €1,743 | €1,016 | -€727 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,038 | €39,800 | -€36,238 | -47.7% |
| Other operating charges | 640/8 | €11,702 | €13,435 | +€1,733 | +14.8% |
| Gross operating margin | 9900 | €366,038 | €279,258 | -€86,780 | -23.7% |
| Operating profit (loss) | 9901 | €278,298 | €226,023 | -€52,275 | -18.8% |
| Financial income | 75/76B | €1,376 | - | -€1,376 | |
| Recurring financial income | 75 | €1,376 | - | -€1,376 | |
| Financial charges | 65/66B | €2,691 | €2,638 | -€53 | -2.0% |
| Recurring financial charges | 65 | €2,691 | €638 | -€2,053 | -76.3% |
| Non-recurring financial charges | 66B | - | €2,000 | +€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €276,983 | €223,386 | -€53,597 | -19.4% |
| Income taxes | 67/77 | €86,564 | €69,175 | -€17,389 | -20.1% |
| Profit (loss) for the period | 9904 | €190,419 | €154,210 | -€36,208 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €190,419 | €154,210 | -€36,208 | -19.0% |
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 9 October 2026 via checked.be.