EARNEST: what changed
Two fiscal 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.
EARNEST
Largest movements
- Current investments +€41,350
new in 2025: €41,350
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€19,079
down €19,079 (-42.6%), from €44,824 to €25,745
mainly Current investments (-€41,350) and Tax, wage and social debts (-€26,148)
- Receivables within one year -€10,102
down €10,102 (-10.0%), from €100,699 to €90,598
of which Trade receivables: -€37,792
- Deferred charges and accrued income +€4,036
up €4,036 (+161.4%), from €2,501 to €6,538
- Reserves +€50,358
up €50,358 (+58.5%), from €86,063 to €136,421
- Tax, wage and social debts -€26,148
down €26,148 (-50.9%), from €51,341 to €25,194
of which Taxes: -€23,648
- Trade debts +€18,940
up €18,940 (+194.7%), from €9,728 to €28,668
- Profit (loss) carried forward -€4,208
down €4,208 (-100.0%), from €4,208 to €0
- Gross operating margin -€15,933
down €15,933 (-20.7%), from €76,800 to €60,867
- Financial income +€3,683
up €3,683 (+472.2%), from €780 to €4,463
- Taxes -€2,856
down €2,856 (-16.3%), from €17,553 to €14,697
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 | €154,117 | €194,132 | +€40,016 | +26.0% |
| Fixed assets | 21/28 | €6,091 | €4,902 | -€1,189 | -19.5% |
| Tangible fixed assets | 22/27 | €5,691 | €4,502 | -€1,189 | -20.9% |
| Furniture and vehicles | 24 | €5,691 | €4,502 | -€1,189 | -20.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €148,025 | €189,230 | +€41,205 | +27.8% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €100,699 | €90,598 | -€10,102 | -10.0% |
| Trade receivables | 40 | €76,230 | €38,438 | -€37,792 | -49.6% |
| Other amounts receivable | 41 | €24,469 | €52,160 | +€27,690 | +113.2% |
| Current investments | 50/53 | - | €41,350 | +€41,350 | |
| Cash at bank and in hand | 54/58 | €44,824 | €25,745 | -€19,079 | -42.6% |
| Deferred charges and accrued income | 490/1 | €2,501 | €6,538 | +€4,036 | +161.4% |
| Total equity and liabilities | 10/49 | €154,117 | €194,132 | +€40,016 | +26.0% |
| Equity | 10/15 | €92,771 | €138,921 | +€46,150 | +49.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €86,063 | €136,421 | +€50,358 | +58.5% |
| Distributable reserves | 133 | €86,063 | €136,421 | +€50,358 | +58.5% |
| Profit (loss) carried forward | 14 | €4,208 | €0 | -€4,208 | -100.0% |
| Amounts payable | 17/49 | €61,345 | €55,211 | -€6,134 | -10.0% |
| Amounts payable within one year | 42/48 | €61,345 | €55,211 | -€6,134 | -10.0% |
| Financial debts | 43 | €275 | €1,349 | +€1,074 | +389.7% |
| Credit institutions | 430/8 | €275 | €1,349 | +€1,074 | +389.7% |
| Trade debts | 44 | €9,728 | €28,668 | +€18,940 | +194.7% |
| Suppliers | 440/4 | €9,728 | €28,668 | +€18,940 | +194.7% |
| Taxes, remuneration and social security | 45 | €51,341 | €25,194 | -€26,148 | -50.9% |
| Taxes | 450/3 | €46,341 | €22,694 | -€23,648 | -51.0% |
| Remuneration and social security | 454/9 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,324 | €1,884 | +€560 | +42.3% |
| Other operating charges | 640/8 | €2,220 | €1,855 | -€365 | -16.4% |
| Gross operating margin | 9900 | €76,800 | €60,867 | -€15,933 | -20.7% |
| Operating profit (loss) | 9901 | €73,256 | €57,128 | -€16,128 | -22.0% |
| Financial income | 75/76B | €780 | €4,463 | +€3,683 | +472.2% |
| Recurring financial income | 75 | €780 | €4,463 | +€3,683 | +472.2% |
| Financial charges | 65/66B | €416 | €743 | +€327 | +78.8% |
| Recurring financial charges | 65 | €416 | €743 | +€327 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €73,620 | €60,847 | -€12,773 | -17.4% |
| Income taxes | 67/77 | €17,553 | €14,697 | -€2,856 | -16.3% |
| Profit (loss) for the period | 9904 | €56,067 | €46,150 | -€9,917 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,067 | €46,150 | -€9,917 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.