ERMA & Co: 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.
ERMA & Co
Largest movements
- Cash -€1,279
down €1,279 (-22.7%), from €5,644 to €4,364
mainly Net result for the year (-€25,448) and Trade debts (-€8,944)
- Receivables within one year +€971
up €971 (+2451.7%), from €40 to €1,011
- Tangible fixed assets -€245
down €245 (-8.6%), from €2,838 to €2,593
of which Plant, machinery and equipment: -€225
- Other debts +€34,144
up €34,144 (+64.4%), from €53,057 to €87,201
- Profit (loss) carried forward -€25,448
down €25,448 (-51.3%), from -€49,566 to -€75,014
- Trade debts -€8,944
down €8,944 (-86.6%), from €10,324 to €1,381
- Tax, wage and social debts -€306
no longer reported in 2025 (was €306)
- Gross operating margin -€5,674
down €5,674 (-31.7%), from -€17,899 to -€23,573
- Depreciation +€493
up €493 (+49.0%), from €1,004 to €1,497
- Other operating charges +€300
new in 2025: €300
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 | €14,322 | €13,768 | -€554 | -3.9% |
| Fixed assets | 21/28 | €2,838 | €2,593 | -€245 | -8.6% |
| Tangible fixed assets | 22/27 | €2,838 | €2,593 | -€245 | -8.6% |
| Plant, machinery and equipment | 23 | €450 | €225 | -€225 | -50.0% |
| Furniture and vehicles | 24 | €2,388 | €2,368 | -€20 | -0.8% |
| Current assets | 29/58 | €11,483 | €11,175 | -€308 | -2.7% |
| Stocks and contracts in progress | 3 | €5,800 | €5,800 | = | 0.0% |
| Stocks | 30/36 | €5,800 | €5,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40 | €1,011 | +€971 | +2451.7% |
| Other amounts receivable | 41 | €40 | €1,011 | +€971 | +2451.7% |
| Cash at bank and in hand | 54/58 | €5,644 | €4,364 | -€1,279 | -22.7% |
| Total equity and liabilities | 10/49 | €14,322 | €13,768 | -€554 | -3.9% |
| Equity | 10/15 | -€49,366 | -€74,814 | -€25,448 | -51.5% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,566 | -€75,014 | -€25,448 | -51.3% |
| Amounts payable | 17/49 | €63,688 | €88,582 | +€24,894 | +39.1% |
| Amounts payable within one year | 42/48 | €63,688 | €88,582 | +€24,894 | +39.1% |
| Trade debts | 44 | €10,324 | €1,381 | -€8,944 | -86.6% |
| Suppliers | 440/4 | €10,324 | €1,381 | -€8,944 | -86.6% |
| Taxes, remuneration and social security | 45 | €306 | - | -€306 | |
| Taxes | 450/3 | €306 | - | -€306 | |
| Other amounts payable | 47/48 | €53,057 | €87,201 | +€34,144 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €1,497 | +€493 | +49.0% |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | -€17,899 | -€23,573 | -€5,674 | -31.7% |
| Operating profit (loss) | 9901 | -€18,903 | -€25,370 | -€6,467 | -34.2% |
| Financial charges | 65/66B | €69 | €78 | +€9 | +12.8% |
| Recurring financial charges | 65 | €69 | €78 | +€9 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,972 | -€25,448 | -€6,476 | -34.1% |
| Profit (loss) for the period | 9904 | -€18,972 | -€25,448 | -€6,476 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,972 | -€25,448 | -€6,476 | -34.1% |
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 9 October 2026 via checked.be.