ERMYC: 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.
ERMYC
Largest movements
- Cash +€298,911
up €298,911 (+855%), from €34,974 to €333,885
mainly Current investments (+€280,561) and Depreciation (+€18,436)
- Current investments -€280,561
down €280,561 (-91.8%), from €305,561 to €25,000
- Tangible fixed assets -€18,436
down €18,436 (-40.0%), from €46,114 to €27,679
- Receivables within one year +€7,004
up €7,004 (+36.1%), from €19,412 to €26,416
of which Trade receivables: +€6,625
- Other debts -€9,727
down €9,727 (-71.5%), from €13,611 to €3,884
- Reserves +€8,228
up €8,228 (+2.3%), from €361,182 to €369,411
of which Distributable reserves: +€8,228
- Gross operating margin +€20,064
up €20,064 (+283%), from €7,088 to €27,151
- Financial income -€5,808
down €5,808 (-56.9%), from €10,215 to €4,407
- Taxes +€4,018
up €4,018, from €0 to €4,018
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 | €411,014 | €414,098 | +€3,084 | +0.8% |
| Fixed assets | 21/28 | €46,114 | €27,679 | -€18,436 | -40.0% |
| Tangible fixed assets | 22/27 | €46,114 | €27,679 | -€18,436 | -40.0% |
| Furniture and vehicles | 24 | €46,114 | €27,679 | -€18,436 | -40.0% |
| Current assets | 29/58 | €364,900 | €386,419 | +€21,520 | +5.9% |
| Amounts receivable within one year | 40/41 | €19,412 | €26,416 | +€7,004 | +36.1% |
| Trade receivables | 40 | €3,391 | €10,015 | +€6,625 | +195% |
| Other amounts receivable | 41 | €16,021 | €16,400 | +€379 | +2.4% |
| Current investments | 50/53 | €305,561 | €25,000 | -€280,561 | -91.8% |
| Cash at bank and in hand | 54/58 | €34,974 | €333,885 | +€298,911 | +855% |
| Deferred charges and accrued income | 490/1 | €4,953 | €1,119 | -€3,834 | -77.4% |
| Total equity and liabilities | 10/49 | €411,014 | €414,098 | +€3,084 | +0.8% |
| Equity | 10/15 | €379,732 | €387,961 | +€8,228 | +2.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €361,182 | €369,411 | +€8,228 | +2.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €359,327 | €367,556 | +€8,228 | +2.3% |
| Amounts payable | 17/49 | €31,281 | €26,137 | -€5,144 | -16.4% |
| Amounts payable within one year | 42/48 | €30,031 | €24,887 | -€5,144 | -17.1% |
| Trade debts | 44 | €15,788 | €16,547 | +€758 | +4.8% |
| Suppliers | 440/4 | €15,788 | €16,547 | +€758 | +4.8% |
| Taxes, remuneration and social security | 45 | €632 | €4,456 | +€3,825 | +606% |
| Taxes | 450/3 | €632 | €4,456 | +€3,825 | +606% |
| Other amounts payable | 47/48 | €13,611 | €3,884 | -€9,727 | -71.5% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,436 | €18,436 | = | 0.0% |
| Other operating charges | 640/8 | €775 | €804 | +€28 | +3.6% |
| Gross operating margin | 9900 | €7,088 | €27,151 | +€20,064 | +283% |
| Operating profit (loss) | 9901 | -€12,123 | €7,912 | +€20,035 | |
| Financial income | 75/76B | €10,215 | €4,407 | -€5,808 | -56.9% |
| Recurring financial income | 75 | €10,215 | €4,407 | -€5,808 | -56.9% |
| Financial charges | 65/66B | €50 | €72 | +€22 | +44.4% |
| Recurring financial charges | 65 | €50 | €72 | +€22 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,958 | €12,247 | +€14,205 | |
| Income taxes | 67/77 | €0 | €4,018 | +€4,018 | |
| Profit (loss) for the period | 9904 | -€1,958 | €8,228 | +€10,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,958 | €8,228 | +€10,187 |
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 16 October 2026 via checked.be.