ERN Group: 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.
ERN Group
Largest movements
- Tangible fixed assets +€57,736
up €57,736 (+895.9%), from €6,444 to €64,181
of which Furniture and vehicles: +€41,806
- Receivables within one year -€52,536
down €52,536 (-38.8%), from €135,403 to €82,867
of which Other amounts receivable: -€36,838
- Contributions -€17,100
down €17,100 (-91.9%), from €18,600 to €1,500
- Reserves +€15,025
up €15,025 (+205.6%), from €7,309 to €22,334
- Tax, wage and social debts +€13,120
up €13,120 (+58.0%), from €22,607 to €35,726
of which Taxes: +€9,611
- Current portion of long-term debt -€8,903
no longer reported in 2025 (was €8,903)
- Trade debts +€4,423
up €4,423 (+4.8%), from €91,436 to €95,859
- Gross operating margin +€114,208
up €114,208 (+86.3%), from €132,295 to €246,503
- Staff costs +€102,469
up €102,469 (+107.4%), from €95,436 to €197,906
- Financial charges +€6,444
up €6,444 (+131.9%), from €4,885 to €11,328
- Other operating charges +€5,678
up €5,678 (+275.5%), from €2,061 to €7,739
- Taxes +€5,013
up €5,013 (+358.6%), from €1,398 to €6,411
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,182 | €155,845 | +€6,662 | +4.5% |
| Fixed assets | 21/28 | €7,694 | €65,431 | +€57,736 | +750.4% |
| Tangible fixed assets | 22/27 | €6,444 | €64,181 | +€57,736 | +895.9% |
| Plant, machinery and equipment | 23 | €6,444 | €22,375 | +€15,931 | +247.2% |
| Furniture and vehicles | 24 | - | €41,806 | +€41,806 | |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €141,488 | €90,414 | -€51,074 | -36.1% |
| Amounts receivable within one year | 40/41 | €135,403 | €82,867 | -€52,536 | -38.8% |
| Trade receivables | 40 | €39,036 | €23,338 | -€15,698 | -40.2% |
| Other amounts receivable | 41 | €96,367 | €59,529 | -€36,838 | -38.2% |
| Deferred charges and accrued income | 490/1 | €6,085 | €7,547 | +€1,462 | +24.0% |
| Total equity and liabilities | 10/49 | €149,182 | €155,845 | +€6,662 | +4.5% |
| Equity | 10/15 | €25,909 | €23,834 | -€2,075 | -8.0% |
| Contributions | 10/11 | €18,600 | €1,500 | -€17,100 | -91.9% |
| Reserves | 13 | €7,309 | €22,334 | +€15,025 | +205.6% |
| Distributable reserves | 133 | €7,309 | €22,334 | +€15,025 | +205.6% |
| Amounts payable | 17/49 | €123,273 | €132,011 | +€8,738 | +7.1% |
| Amounts payable within one year | 42/48 | €123,273 | €132,011 | +€8,738 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €8,903 | - | -€8,903 | |
| Trade debts | 44 | €91,436 | €95,859 | +€4,423 | +4.8% |
| Suppliers | 440/4 | €91,436 | €95,859 | +€4,423 | +4.8% |
| Taxes, remuneration and social security | 45 | €22,607 | €35,726 | +€13,120 | +58.0% |
| Taxes | 450/3 | €6,265 | €15,875 | +€9,611 | +153.4% |
| Remuneration and social security | 454/9 | €16,342 | €19,851 | +€3,509 | +21.5% |
| Other amounts payable | 47/48 | €327 | €425 | +€98 | +29.9% |
| Remuneration, social security and pensions | 62 | €95,436 | €197,906 | +€102,469 | +107.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,533 | €8,095 | -€3,438 | -29.8% |
| Other operating charges | 640/8 | €2,061 | €7,739 | +€5,678 | +275.5% |
| Gross operating margin | 9900 | €132,295 | €246,503 | +€114,208 | +86.3% |
| Operating profit (loss) | 9901 | €23,265 | €32,763 | +€9,498 | +40.8% |
| Financial income | 75/76B | €2 | €1 | -€1 | -52.1% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -52.1% |
| Financial charges | 65/66B | €4,885 | €11,328 | +€6,444 | +131.9% |
| Recurring financial charges | 65 | €4,885 | €11,328 | +€6,444 | +131.9% |
| Profit (loss) for the period before taxes | 9903 | €18,382 | €21,436 | +€3,053 | +16.6% |
| Income taxes | 67/77 | €1,398 | €6,411 | +€5,013 | +358.6% |
| Profit (loss) for the period | 9904 | €16,985 | €15,025 | -€1,960 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,985 | €15,025 | -€1,960 | -11.5% |
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 10 October 2026 via checked.be.