Erron Factory: 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.
Erron Factory
Largest movements
- Receivables within one year -€251,538
down €251,538 (-68.2%), from €368,689 to €117,151
of which Trade receivables: -€207,202
- Tangible fixed assets +€129,819
up €129,819 (+44.0%), from €295,329 to €425,148
of which Land and buildings: +€147,758
- Cash -€12,663
down €12,663 (-99.5%), from €12,728 to €65
mainly Trade debts (-€171,698) and Debts after one year (-€165,882)
- Reserves +€189,440
up €189,440 (+121%), from €157,190 to €346,630
of which Tax-exempt reserves: +€220,357
- Trade debts -€171,698
down €171,698 (-83.6%), from €205,408 to €33,709
- Debts after one year -€165,882
down €165,882 (-97.1%), from €170,910 to €5,028
- Advances received -€79,761
down €79,761 (-64.3%), from €124,071 to €44,310
- Provisions +€73,902
new in 2025: €73,902
- Gross operating margin +€254,071
up €254,071 (+357%), from €71,219 to €325,290
- Depreciation -€9,673
down €9,673 (-27.0%), from €35,855 to €26,181
- Financial charges -€6,785
down €6,785 (-64.8%), from €10,466 to €3,681
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 | €788,772 | €658,416 | -€130,356 | -16.5% |
| Fixed assets | 21/28 | €309,829 | €439,648 | +€129,819 | +41.9% |
| Intangible fixed assets | 21 | €2,000 | €2,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €295,329 | €425,148 | +€129,819 | +44.0% |
| Land and buildings | 22 | €159,000 | €306,758 | +€147,758 | +92.9% |
| Plant, machinery and equipment | 23 | €1,034 | €293 | -€741 | -71.7% |
| Furniture and vehicles | 24 | €4,814 | €688 | -€4,126 | -85.7% |
| Leasing and similar rights | 25 | €130,481 | €117,409 | -€13,073 | -10.0% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €478,943 | €218,768 | -€260,175 | -54.3% |
| Stocks and contracts in progress | 3 | €97,054 | €100,997 | +€3,943 | +4.1% |
| Stocks | 30/36 | €97,054 | €100,997 | +€3,943 | +4.1% |
| Amounts receivable within one year | 40/41 | €368,689 | €117,151 | -€251,538 | -68.2% |
| Trade receivables | 40 | €324,351 | €117,149 | -€207,202 | -63.9% |
| Other amounts receivable | 41 | €44,338 | €3 | -€44,336 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,728 | €65 | -€12,663 | -99.5% |
| Deferred charges and accrued income | 490/1 | €472 | €554 | +€82 | +17.5% |
| Total equity and liabilities | 10/49 | €788,772 | €658,416 | -€130,356 | -16.5% |
| Equity | 10/15 | €249,190 | €438,630 | +€189,440 | +76.0% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Reserves | 13 | €157,190 | €346,630 | +€189,440 | +121% |
| Non-distributable reserves | 130/1 | €7,612 | €7,612 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,612 | €7,612 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,144 | €245,501 | +€220,357 | +876% |
| Distributable reserves | 133 | €124,434 | €93,516 | -€30,917 | -24.8% |
| Provisions and deferred taxes | 16 | - | €73,902 | +€73,902 | |
| Deferred taxes | 168 | - | €73,902 | +€73,902 | |
| Amounts payable | 17/49 | €539,582 | €145,884 | -€393,698 | -73.0% |
| Amounts payable after more than one year | 17 | €170,910 | €5,028 | -€165,882 | -97.1% |
| Financial debts | 170/4 | €170,910 | €5,028 | -€165,882 | -97.1% |
| Amounts payable within one year | 42/48 | €368,671 | €140,403 | -€228,269 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €31,916 | €8,315 | -€23,602 | -73.9% |
| Financial debts | 43 | - | €1,321 | +€1,321 | |
| Credit institutions | 430/8 | - | €1,321 | +€1,321 | |
| Trade debts | 44 | €205,408 | €33,709 | -€171,698 | -83.6% |
| Suppliers | 440/4 | €205,408 | €33,709 | -€171,698 | -83.6% |
| Advances received on contracts in progress | 46 | €124,071 | €44,310 | -€79,761 | -64.3% |
| Taxes, remuneration and social security | 45 | €7,277 | €11,438 | +€4,162 | +57.2% |
| Taxes | 450/3 | €7,277 | €11,438 | +€4,162 | +57.2% |
| Other amounts payable | 47/48 | - | €41,309 | +€41,309 | |
| Accrued charges and deferred income | 492/3 | - | €453 | +€453 | |
| Non-recurring operating income | 76A | - | €301,000 | +€301,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,855 | €26,181 | -€9,673 | -27.0% |
| Other operating charges | 640/8 | €12,453 | €11,095 | -€1,359 | -10.9% |
| Gross operating margin | 9900 | €71,219 | €325,290 | +€254,071 | +357% |
| Operating profit (loss) | 9901 | €22,911 | €288,014 | +€265,103 | +1,157% |
| Financial income | 75/76B | €1,655 | €62 | -€1,593 | -96.2% |
| Recurring financial income | 75 | €1,655 | €62 | -€1,593 | -96.2% |
| Financial charges | 65/66B | €10,466 | €3,681 | -€6,785 | -64.8% |
| Recurring financial charges | 65 | €10,466 | €3,681 | -€6,785 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €14,100 | €284,395 | +€270,295 | +1,917% |
| Transfer from deferred taxes | 780 | - | €1,348 | +€1,348 | |
| Transfer to deferred taxes | 680 | - | €75,250 | +€75,250 | |
| Income taxes | 67/77 | €1,282 | €1 | -€1,281 | -99.9% |
| Profit (loss) for the period | 9904 | €12,819 | €210,492 | +€197,674 | +1,542% |
| Transfer from tax-exempt reserves | 789 | - | €5,393 | +€5,393 | |
| Transfer to tax-exempt reserves | 689 | - | €225,750 | +€225,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,819 | -€9,865 | -€22,683 |
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 19 October 2026 via checked.be.