ERMIONIS: 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.
ERMIONIS
Largest movements
- Tangible fixed assets -€13,277
down €13,277 (-4.8%), from €276,700 to €263,423
of which Land and buildings: -€12,555
- Cash -€10,601
down €10,601 (-83.0%), from €12,770 to €2,169
mainly Net result for the year (-€61,030) and Trade debts (-€4,184)
- Stocks and contracts -€4,654
down €4,654 (-100.0%), from €4,654 to €0
- Profit (loss) carried forward -€61,030
down €61,030 (-2.4%), from -€2.6m to -€2.6m
- Other debts +€37,870
up €37,870 (+2.0%), from €1.9m to €1.9m
- Trade debts -€4,184
down €4,184 (-73.6%), from €5,686 to €1,502
- Gross operating margin -€36,033
down €36,033 (-50.2%), from €71,790 to €35,757
- Staff costs +€4,071
up €4,071 (+6.4%), from €64,097 to €68,168
- Other operating charges +€3,011
up €3,011 (+27.2%), from €11,053 to €14,063
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 | €306,583 | €278,052 | -€28,531 | -9.3% |
| Fixed assets | 21/28 | €280,172 | €265,104 | -€15,068 | -5.4% |
| Intangible fixed assets | 21 | €2,704 | €1,681 | -€1,022 | -37.8% |
| Tangible fixed assets | 22/27 | €276,700 | €263,423 | -€13,277 | -4.8% |
| Land and buildings | 22 | €273,330 | €260,775 | -€12,555 | -4.6% |
| Plant, machinery and equipment | 23 | €3,370 | €2,647 | -€723 | -21.4% |
| Financial fixed assets | 28 | €768 | €0 | -€768 | -100.0% |
| Current assets | 29/58 | €26,411 | €12,948 | -€13,462 | -51.0% |
| Stocks and contracts in progress | 3 | €4,654 | €0 | -€4,654 | -100.0% |
| Stocks | 30/36 | €4,654 | €0 | -€4,654 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €2,541 | +€2,541 | |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 41 | - | €726 | +€726 | |
| Current investments | 50/53 | €178 | €164 | -€14 | -7.8% |
| Cash at bank and in hand | 54/58 | €12,770 | €2,169 | -€10,601 | -83.0% |
| Deferred charges and accrued income | 490/1 | €8,809 | €8,075 | -€734 | -8.3% |
| Total equity and liabilities | 10/49 | €306,583 | €278,052 | -€28,531 | -9.3% |
| Equity | 10/15 | -€1,556,151 | -€1,617,600 | -€61,450 | -3.9% |
| Contributions | 10/11 | €1,000,420 | €1,000,000 | -€420 | 0.0% |
| Capital | 10 | €1,000,420 | €1,000,000 | -€420 | 0.0% |
| Issued capital | 100 | €1,000,420 | €1,000,000 | -€420 | 0.0% |
| Reserves | 13 | €24,200 | €24,200 | = | 0.0% |
| Distributable reserves | 133 | €24,200 | €24,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,580,771 | -€2,641,800 | -€61,030 | -2.4% |
| Amounts payable | 17/49 | €1,862,734 | €1,895,653 | +€32,919 | +1.8% |
| Amounts payable within one year | 42/48 | €1,862,734 | €1,895,653 | +€32,919 | +1.8% |
| Trade debts | 44 | €5,686 | €1,502 | -€4,184 | -73.6% |
| Suppliers | 440/4 | €5,686 | €1,502 | -€4,184 | -73.6% |
| Taxes, remuneration and social security | 45 | €5,872 | €5,105 | -€767 | -13.1% |
| Taxes | 450/3 | €2,055 | €0 | -€2,055 | -100.0% |
| Remuneration and social security | 454/9 | €3,817 | €5,105 | +€1,288 | +33.8% |
| Other amounts payable | 47/48 | €1,851,176 | €1,889,046 | +€37,870 | +2.0% |
| Non-recurring operating income | 76A | - | €1,954 | +€1,954 | |
| Remuneration, social security and pensions | 62 | €64,097 | €68,168 | +€4,071 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,253 | €14,300 | +€47 | +0.3% |
| Other operating charges | 640/8 | €11,053 | €14,063 | +€3,011 | +27.2% |
| Gross operating margin | 9900 | €71,790 | €35,757 | -€36,033 | -50.2% |
| Operating profit (loss) | 9901 | -€17,613 | -€60,775 | -€43,161 | -245.0% |
| Financial income | 75/76B | €64 | €0 | -€64 | -100.0% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -100.0% |
| Financial charges | 65/66B | €171 | €255 | +€84 | +49.2% |
| Recurring financial charges | 65 | €171 | €255 | +€84 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,720 | -€61,030 | -€43,310 | -244.4% |
| Profit (loss) for the period | 9904 | -€17,720 | -€61,030 | -€43,310 | -244.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,720 | -€61,030 | -€43,310 | -244.4% |
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 7 October 2026 via checked.be.