ERMIS: 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.
ERMIS
Largest movements
- Tangible fixed assets +€8,968
up €8,968, from €0 to €8,968
of which Furniture and vehicles: +€8,968
- Cash -€7,600
down €7,600 (-83.3%), from €9,127 to €1,527
mainly Net result for the year (-€17,255) and Investment in fixed assets (net) (-€9,618)
- Receivables within one year -€3,037
down €3,037 (-21.0%), from €14,470 to €11,433
of which Other amounts receivable: -€3,037
- Profit (loss) carried forward -€17,255
down €17,255, from €2,218 to -€15,037
- Advances received +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€4,023
up €4,023 (+237%), from €1,701 to €5,724
of which Remuneration and social security: +€3,815
- Trade debts +€1,563
up €1,563 (+43.1%), from €3,625 to €5,188
- Staff costs +€33,732
up €33,732 (+698%), from €4,833 to €38,565
- Gross operating margin +€11,674
up €11,674 (+105%), from €11,143 to €22,817
- Depreciation +€649
new in 2025: €649
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.
Derived cash bridge
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 | €26,687 | €25,018 | -€1,669 | -6.3% |
| Fixed assets | 21/28 | €3,089 | €12,058 | +€8,968 | +290% |
| Tangible fixed assets | 22/27 | €0 | €8,968 | +€8,968 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €8,968 | +€8,968 | |
| Financial fixed assets | 28 | €3,089 | €3,089 | = | 0.0% |
| Current assets | 29/58 | €23,597 | €12,960 | -€10,637 | -45.1% |
| Amounts receivable within one year | 40/41 | €14,470 | €11,433 | -€3,037 | -21.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,470 | €11,433 | -€3,037 | -21.0% |
| Cash at bank and in hand | 54/58 | €9,127 | €1,527 | -€7,600 | -83.3% |
| Total equity and liabilities | 10/49 | €26,687 | €25,018 | -€1,669 | -6.3% |
| Equity | 10/15 | €21,361 | €4,106 | -€17,255 | -80.8% |
| Contributions | 10/11 | €19,143 | €19,143 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Contributions outside capital | 11 | €19,143 | €19,143 | = | 0.0% |
| Other | 1109/19 | €19,143 | €19,143 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €2,218 | -€15,037 | -€17,255 | |
| Amounts payable | 17/49 | €5,326 | €20,912 | +€15,586 | +293% |
| Amounts payable within one year | 42/48 | €5,326 | €20,912 | +€15,586 | +293% |
| Trade debts | 44 | €3,625 | €5,188 | +€1,563 | +43.1% |
| Suppliers | 440/4 | €3,625 | €5,188 | +€1,563 | +43.1% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €1,701 | €5,724 | +€4,023 | +237% |
| Taxes | 450/3 | €378 | €586 | +€208 | +55.0% |
| Remuneration and social security | 454/9 | €1,322 | €5,137 | +€3,815 | +289% |
| Remuneration, social security and pensions | 62 | €4,833 | €38,565 | +€33,732 | +698% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €649 | +€649 | |
| Other operating charges | 640/8 | €386 | €575 | +€189 | +49.0% |
| Gross operating margin | 9900 | €11,143 | €22,817 | +€11,674 | +105% |
| Operating profit (loss) | 9901 | €5,924 | -€16,971 | -€22,896 | |
| Financial charges | 65/66B | €162 | €283 | +€121 | +75.0% |
| Recurring financial charges | 65 | €162 | €283 | +€121 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €5,762 | -€17,255 | -€23,017 | |
| Income taxes | 67/77 | €120 | - | -€120 | |
| Profit (loss) for the period | 9904 | €5,643 | -€17,255 | -€22,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,643 | -€17,255 | -€22,898 |
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 23 October 2026 via checked.be.