ERZET IMMO: 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.
ERZET IMMO
Largest movements
- Stocks and contracts +€564,095
up €564,095 (+56.8%), from €993,893 to €1.6m
- Debts after one year +€534,600
up €534,600 (+46.0%), from €1.2m to €1.7m
of which Financial debts: +€334,600
- Gross operating margin +€73,039
up €73,039 (+1,399%), from €5,222 to €78,262
- Financial charges +€8,894
up €8,894 (+23.1%), from €38,443 to €47,337
- Other operating charges +€1,922
up €1,922 (+178%), from €1,078 to €3,000
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 | €1,364,541 | €1,905,524 | +€540,983 | +39.6% |
| Fixed assets | 21/28 | €339,416 | €323,816 | -€15,600 | -4.6% |
| Tangible fixed assets | 22/27 | €339,416 | €323,816 | -€15,600 | -4.6% |
| Land and buildings | 22 | €339,416 | €323,816 | -€15,600 | -4.6% |
| Current assets | 29/58 | €1,025,125 | €1,581,707 | +€556,583 | +54.3% |
| Stocks and contracts in progress | 3 | €993,893 | €1,557,988 | +€564,095 | +56.8% |
| Stocks | 30/36 | €993,893 | €1,557,988 | +€564,095 | +56.8% |
| Cash at bank and in hand | 54/58 | €29,031 | €23,719 | -€5,312 | -18.3% |
| Deferred charges and accrued income | 490/1 | €2,200 | €0 | -€2,200 | -100% |
| Total equity and liabilities | 10/49 | €1,364,541 | €1,905,524 | +€540,983 | +39.6% |
| Equity | 10/15 | €161,720 | €174,096 | +€12,375 | +7.7% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,280 | -€65,904 | +€12,375 | +15.8% |
| Amounts payable | 17/49 | €1,202,821 | €1,731,428 | +€528,607 | +43.9% |
| Amounts payable after more than one year | 17 | €1,162,075 | €1,696,675 | +€534,600 | +46.0% |
| Financial debts | 170/4 | €1,008,075 | €1,342,675 | +€334,600 | +33.2% |
| Other amounts payable | 178/9 | €154,000 | €354,000 | +€200,000 | +130% |
| Amounts payable within one year | 42/48 | €36,091 | €28,394 | -€7,698 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €11,499 | €11,500 | +€1 | 0.0% |
| Trade debts | 44 | €17,348 | €7,849 | -€9,499 | -54.8% |
| Suppliers | 440/4 | €17,348 | €7,849 | -€9,499 | -54.8% |
| Other amounts payable | 47/48 | €7,244 | €9,044 | +€1,800 | +24.8% |
| Accrued charges and deferred income | 492/3 | €4,655 | €6,360 | +€1,705 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,600 | €15,600 | = | 0.0% |
| Other operating charges | 640/8 | €1,078 | €3,000 | +€1,922 | +178% |
| Gross operating margin | 9900 | €5,222 | €78,262 | +€73,039 | +1,399% |
| Operating profit (loss) | 9901 | -€11,456 | €59,661 | +€71,117 | |
| Financial income | 75/76B | €5 | €51 | +€46 | +908% |
| Recurring financial income | 75 | €5 | €51 | +€46 | +908% |
| Financial charges | 65/66B | €38,443 | €47,337 | +€8,894 | +23.1% |
| Recurring financial charges | 65 | €38,443 | €47,337 | +€8,894 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,894 | €12,375 | +€62,269 | |
| Profit (loss) for the period | 9904 | -€49,894 | €12,375 | +€62,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,894 | €12,375 | +€62,269 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.