GROUPE ERRARD: 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.
GROUPE ERRARD
Largest movements
- Cash -€27,225
down €27,225 (-20.8%), from €130,674 to €103,449
mainly Contributions, distributions and other (-€143,689) and Debts after one year (-€17,434)
- Tangible fixed assets -€22,114
down €22,114 (-7.3%), from €304,829 to €282,715
of which Land and buildings: -€11,252
- Profit (loss) carried forward -€63,774
down €63,774 (-35.4%), from €179,994 to €116,219
- Other debts +€54,308
up €54,308 (+69.2%), from €78,442 to €132,750
- Debts after one year -€17,434
down €17,434 (-10.6%), from €164,605 to €147,171
- Trade debts -€7,459
down €7,459 (-76.6%), from €9,741 to €2,282
- Current portion of long-term debt -€5,411
down €5,411 (-23.7%), from €22,845 to €17,434
- Gross operating margin +€47,725
up €47,725 (+21.5%), from €222,200 to €269,925
- Staff costs +€19,562
up €19,562 (+17.6%), from €111,265 to €130,827
- Taxes +€11,963
up €11,963 (+68.2%), from €17,547 to €29,509
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 | €497,767 | €453,614 | -€44,154 | -8.9% |
| Fixed assets | 21/28 | €305,049 | €282,775 | -€22,274 | -7.3% |
| Tangible fixed assets | 22/27 | €304,829 | €282,715 | -€22,114 | -7.3% |
| Land and buildings | 22 | €270,119 | €258,867 | -€11,252 | -4.2% |
| Furniture and vehicles | 24 | €34,710 | €23,849 | -€10,861 | -31.3% |
| Financial fixed assets | 28 | €220 | €60 | -€160 | -72.7% |
| Current assets | 29/58 | €192,719 | €170,839 | -€21,880 | -11.4% |
| Amounts receivable within one year | 40/41 | €62,044 | €66,404 | +€4,359 | +7.0% |
| Trade receivables | 40 | €60,591 | €60,483 | -€108 | -0.2% |
| Other amounts receivable | 41 | €1,453 | €5,921 | +€4,468 | +307% |
| Cash at bank and in hand | 54/58 | €130,674 | €103,449 | -€27,225 | -20.8% |
| Deferred charges and accrued income | 490/1 | - | €986 | +€986 | |
| Total equity and liabilities | 10/49 | €497,767 | €453,614 | -€44,154 | -8.9% |
| Equity | 10/15 | €200,454 | €136,679 | -€63,774 | -31.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,994 | €116,219 | -€63,774 | -35.4% |
| Amounts payable | 17/49 | €297,314 | €316,935 | +€19,621 | +6.6% |
| Amounts payable after more than one year | 17 | €164,605 | €147,171 | -€17,434 | -10.6% |
| Financial debts | 170/4 | €164,605 | €147,171 | -€17,434 | -10.6% |
| Amounts payable within one year | 42/48 | €131,270 | €169,764 | +€38,494 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €22,845 | €17,434 | -€5,411 | -23.7% |
| Trade debts | 44 | €9,741 | €2,282 | -€7,459 | -76.6% |
| Suppliers | 440/4 | €9,741 | €2,282 | -€7,459 | -76.6% |
| Taxes, remuneration and social security | 45 | €20,241 | €17,298 | -€2,944 | -14.5% |
| Taxes | 450/3 | €2,122 | €4,722 | +€2,601 | +123% |
| Remuneration and social security | 454/9 | €18,120 | €12,575 | -€5,545 | -30.6% |
| Other amounts payable | 47/48 | €78,442 | €132,750 | +€54,308 | +69.2% |
| Accrued charges and deferred income | 492/3 | €1,439 | - | -€1,439 | |
| Remuneration, social security and pensions | 62 | €111,265 | €130,827 | +€19,562 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,788 | €24,586 | +€798 | +3.4% |
| Other operating charges | 640/8 | €3,189 | €3,020 | -€169 | -5.3% |
| Gross operating margin | 9900 | €222,200 | €269,925 | +€47,725 | +21.5% |
| Operating profit (loss) | 9901 | €83,958 | €111,492 | +€27,534 | +32.8% |
| Financial income | 75/76B | - | €987 | +€987 | |
| Recurring financial income | 75 | €0 | €987 | +€987 | |
| Financial charges | 65/66B | €4,714 | €3,054 | -€1,659 | -35.2% |
| Recurring financial charges | 65 | €4,714 | €3,054 | -€1,659 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €79,244 | €109,424 | +€30,180 | +38.1% |
| Income taxes | 67/77 | €17,547 | €29,509 | +€11,963 | +68.2% |
| Profit (loss) for the period | 9904 | €61,697 | €79,915 | +€18,217 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,697 | €79,915 | +€18,217 | +29.5% |
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 17 October 2026 via checked.be.