FOTO ERDELO: 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.
FOTO ERDELO
Largest movements
- Cash -€841
no longer reported in 2025 (was €841)
mainly Other debts (-€841) and Net result for the year (-€64)
- Other debts -€841
down €841 (-3.1%), from €27,078 to €26,237
- Profit (loss) carried forward -€64
down €64 (0.0%), from -€232,173 to -€232,237
- Trade debts +€64
new in 2025: €64
- Gross operating margin -€1,974
down €1,974, from €1,910 to -€64
- Other operating charges -€521
no longer reported in 2025 (was €521)
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 | €841 | - | -€841 | |
| Current assets | 29/58 | €841 | - | -€841 | |
| Cash at bank and in hand | 54/58 | €841 | - | -€841 | |
| Total equity and liabilities | 10/49 | €841 | - | -€841 | |
| Equity | 10/15 | -€124,113 | -€124,177 | -€64 | -0.1% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Capital | 10 | €106,200 | €106,200 | = | 0.0% |
| Issued capital | 100 | €118,600 | €118,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€232,173 | -€232,237 | -€64 | 0.0% |
| Amounts payable | 17/49 | €124,954 | €124,177 | -€777 | -0.6% |
| Amounts payable after more than one year | 17 | €21,876 | €21,876 | = | 0.0% |
| Financial debts | 170/4 | €21,876 | €21,876 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,078 | €102,301 | -€777 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €76,000 | €76,000 | = | 0.0% |
| Trade debts | 44 | - | €64 | +€64 | |
| Suppliers | 440/4 | - | €64 | +€64 | |
| Other amounts payable | 47/48 | €27,078 | €26,237 | -€841 | -3.1% |
| Non-recurring operating income | 76A | €2,704 | - | -€2,704 | |
| Other operating charges | 640/8 | €521 | - | -€521 | |
| Gross operating margin | 9900 | €1,910 | -€64 | -€1,974 | |
| Operating profit (loss) | 9901 | €1,389 | -€64 | -€1,453 | |
| Financial charges | 65/66B | €12 | - | -€12 | |
| Recurring financial charges | 65 | €12 | - | -€12 | |
| Profit (loss) for the period before taxes | 9903 | €1,377 | -€64 | -€1,441 | |
| Profit (loss) for the period | 9904 | €1,377 | -€64 | -€1,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,377 | -€64 | -€1,441 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.