Ermida: 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.
Ermida
Largest movements
- Cash +€16,564
up €16,564 (+75.6%), from €21,923 to €38,487
mainly Other debts (+€27,232) and Depreciation (+€22,933)
- Intangible fixed assets -€10,500
down €10,500 (-46.2%), from €22,750 to €12,250
- Tangible fixed assets -€10,409
down €10,409 (-27.7%), from €37,610 to €27,201
of which Plant, machinery and equipment: -€7,437
- Stocks and contracts +€4,102
up €4,102 (+22.4%), from €18,339 to €22,440
- Deferred charges and accrued income -€1,874
down €1,874 (-75.0%), from €2,497 to €623
- Profit (loss) carried forward -€30,043
down €30,043 (-67.5%), from -€44,485 to -€74,528
- Other debts +€27,232
up €27,232 (+73.6%), from €36,982 to €64,214
- Gross operating margin +€27,036
up €27,036 (+20.7%), from €130,466 to €157,502
- Staff costs +€9,169
up €9,169 (+6.0%), from €153,517 to €162,686
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 | €106,864 | €104,709 | -€2,155 | -2.0% |
| Fixed assets | 21/28 | €63,304 | €42,396 | -€20,909 | -33.0% |
| Intangible fixed assets | 21 | €22,750 | €12,250 | -€10,500 | -46.2% |
| Tangible fixed assets | 22/27 | €37,610 | €27,201 | -€10,409 | -27.7% |
| Plant, machinery and equipment | 23 | €23,711 | €16,274 | -€7,437 | -31.4% |
| Furniture and vehicles | 24 | €4,755 | €4,685 | -€70 | -1.5% |
| Other tangible fixed assets | 26 | €9,145 | €6,243 | -€2,902 | -31.7% |
| Financial fixed assets | 28 | €2,944 | €2,944 | = | 0.0% |
| Current assets | 29/58 | €43,559 | €62,313 | +€18,754 | +43.1% |
| Stocks and contracts in progress | 3 | €18,339 | €22,440 | +€4,102 | +22.4% |
| Stocks | 30/36 | €18,339 | €22,440 | +€4,102 | +22.4% |
| Amounts receivable within one year | 40/41 | €800 | €763 | -€38 | -4.7% |
| Other amounts receivable | 41 | €800 | €763 | -€38 | -4.7% |
| Cash at bank and in hand | 54/58 | €21,923 | €38,487 | +€16,564 | +75.6% |
| Deferred charges and accrued income | 490/1 | €2,497 | €623 | -€1,874 | -75.0% |
| Total equity and liabilities | 10/49 | €106,864 | €104,709 | -€2,155 | -2.0% |
| Equity | 10/15 | €56,726 | €26,683 | -€30,043 | -53.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,211 | €1,211 | = | 0.0% |
| Distributable reserves | 133 | €1,211 | €1,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,485 | -€74,528 | -€30,043 | -67.5% |
| Amounts payable | 17/49 | €50,138 | €78,026 | +€27,888 | +55.6% |
| Amounts payable within one year | 42/48 | €50,138 | €78,026 | +€27,888 | +55.6% |
| Trade debts | 44 | €5,459 | €5,586 | +€127 | +2.3% |
| Suppliers | 440/4 | €5,459 | €5,586 | +€127 | +2.3% |
| Taxes, remuneration and social security | 45 | €7,697 | €8,226 | +€529 | +6.9% |
| Remuneration and social security | 454/9 | €7,697 | €8,226 | +€529 | +6.9% |
| Other amounts payable | 47/48 | €36,982 | €64,214 | +€27,232 | +73.6% |
| Remuneration, social security and pensions | 62 | €153,517 | €162,686 | +€9,169 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,274 | €22,933 | +€658 | +3.0% |
| Other operating charges | 640/8 | €1,157 | €1,193 | +€36 | +3.1% |
| Gross operating margin | 9900 | €130,466 | €157,502 | +€27,036 | +20.7% |
| Operating profit (loss) | 9901 | -€46,482 | -€29,310 | +€17,172 | +36.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +166.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +166.7% |
| Financial charges | 65/66B | €129 | €733 | +€604 | +467.9% |
| Recurring financial charges | 65 | €129 | €733 | +€604 | +467.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,611 | -€30,043 | +€16,568 | +35.5% |
| Profit (loss) for the period | 9904 | -€46,611 | -€30,043 | +€16,568 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,611 | -€30,043 | +€16,568 | +35.5% |
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 12 October 2026 via checked.be.