ERGEN 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.
ERGEN IMMO
Largest movements
- Tangible fixed assets -€44,403
down €44,403 (-5.6%), from €788,093 to €743,689
of which Land and buildings: -€38,403
- Cash +€16,839
up €16,839 (+238.2%), from €7,068 to €23,907
mainly Debts after one year (+€46,421) and Depreciation (+€44,770)
- Profit (loss) carried forward -€80,911
down €80,911 (-12.4%), from -€653,409 to -€734,320
- Debts after one year +€46,421
up €46,421 (+3.4%), from €1.4m to €1.4m
of which Other amounts payable: +€100,000
- Gross operating margin +€54,886
up €54,886, from -€52,308 to €2,578
- Depreciation -€21,436
down €21,436 (-32.4%), from €66,205 to €44,770
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €806,369 | €779,415 | -€26,955 | -3.3% |
| Fixed assets | 21/28 | €795,936 | €752,321 | -€43,615 | -5.5% |
| Tangible fixed assets | 22/27 | €788,093 | €743,689 | -€44,403 | -5.6% |
| Land and buildings | 22 | €779,865 | €741,462 | -€38,403 | -4.9% |
| Furniture and vehicles | 24 | €8,228 | €2,227 | -€6,000 | -72.9% |
| Financial fixed assets | 28 | €7,843 | €8,632 | +€789 | +10.1% |
| Current assets | 29/58 | €10,434 | €27,094 | +€16,660 | +159.7% |
| Amounts receivable within one year | 40/41 | €958 | €675 | -€283 | -29.5% |
| Other amounts receivable | 41 | €958 | €675 | -€283 | -29.5% |
| Cash at bank and in hand | 54/58 | €7,068 | €23,907 | +€16,839 | +238.2% |
| Deferred charges and accrued income | 490/1 | €2,408 | €2,512 | +€104 | +4.3% |
| Total equity and liabilities | 10/49 | €806,369 | €779,415 | -€26,955 | -3.3% |
| Equity | 10/15 | -€632,949 | -€713,860 | -€80,911 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€653,409 | -€734,320 | -€80,911 | -12.4% |
| Amounts payable | 17/49 | €1,439,318 | €1,493,274 | +€53,956 | +3.7% |
| Amounts payable after more than one year | 17 | €1,365,744 | €1,412,165 | +€46,421 | +3.4% |
| Financial debts | 170/4 | €985,744 | €932,165 | -€53,579 | -5.4% |
| Other amounts payable | 178/9 | €380,000 | €480,000 | +€100,000 | +26.3% |
| Amounts payable within one year | 42/48 | €73,184 | €74,719 | +€1,535 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €52,392 | €53,579 | +€1,186 | +2.3% |
| Trade debts | 44 | €11,424 | €3,572 | -€7,853 | -68.7% |
| Suppliers | 440/4 | €11,424 | €3,572 | -€7,853 | -68.7% |
| Taxes, remuneration and social security | 45 | - | €5,250 | +€5,250 | |
| Taxes | 450/3 | - | €5,250 | +€5,250 | |
| Other amounts payable | 47/48 | €9,368 | €12,319 | +€2,951 | +31.5% |
| Accrued charges and deferred income | 492/3 | €390 | €6,390 | +€6,000 | +1538.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,205 | €44,770 | -€21,436 | -32.4% |
| Other operating charges | 640/8 | €4,987 | €5,223 | +€236 | +4.7% |
| Non-recurring operating charges | 66A | - | €9,275 | +€9,275 | |
| Gross operating margin | 9900 | -€52,308 | €2,578 | +€54,886 | |
| Operating profit (loss) | 9901 | -€123,500 | -€56,689 | +€66,811 | +54.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €24,230 | €24,091 | -€139 | -0.6% |
| Recurring financial charges | 65 | €24,230 | €24,091 | -€139 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€147,730 | -€80,779 | +€66,951 | +45.3% |
| Income taxes | 67/77 | €237 | €132 | -€105 | -44.4% |
| Profit (loss) for the period | 9904 | -€147,966 | -€80,911 | +€67,056 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,966 | -€80,911 | +€67,056 | +45.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.