ERN TECH: what changed
ERN TECH
Largest movements
- Receivables within one year -€33,109
down €33,109 (-27.4%), from €120,754 to €87,645
of which Trade receivables: -€29,435
- Stocks and contracts +€25,000
up €25,000 (+28.6%), from €87,500 to €112,500
- Tangible fixed assets -€12,510
down €12,510 (-12.7%), from €98,550 to €86,039
of which Furniture and vehicles: -€15,596
- Intangible fixed assets -€8,400
down €8,400 (-40.1%), from €20,965 to €12,565
- Cash -€3,483
down €3,483 (-25.0%), from €13,930 to €10,447
mainly Debts after one year (-€26,369) and Stocks and contracts (-€25,000)
- Debts after one year -€26,369
down €26,369 (-28.0%), from €94,192 to €67,823
of which Financial debts: -€33,565
- Profit (loss) carried forward +€21,041
new in 2025: €21,041
- Trade debts -€20,677
no longer reported in 2025 (was €20,677)
- Staff costs +€32,289
up €32,289 (+29.5%), from €109,591 to €141,880
- Taxes -€8,694
down €8,694, from €6,842 to -€1,852
- Gross operating margin +€4,527
up €4,527 (+2.3%), from €195,829 to €200,356
- Depreciation +€3,932
up €3,932 (+11.3%), from €34,722 to €38,654
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,094 | €316,696 | -€31,397 | -9.0% |
| Fixed assets | 21/28 | €119,515 | €100,105 | -€19,410 | -16.2% |
| Intangible fixed assets | 21 | €20,965 | €12,565 | -€8,400 | -40.1% |
| Tangible fixed assets | 22/27 | €98,550 | €86,039 | -€12,510 | -12.7% |
| Plant, machinery and equipment | 23 | €2,422 | €940 | -€1,482 | -61.2% |
| Furniture and vehicles | 24 | €96,127 | €80,532 | -€15,596 | -16.2% |
| Other tangible fixed assets | 26 | - | €4,567 | +€4,567 | |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €228,579 | €216,592 | -€11,987 | -5.2% |
| Stocks and contracts in progress | 3 | €87,500 | €112,500 | +€25,000 | +28.6% |
| Stocks | 30/36 | €87,500 | €112,500 | +€25,000 | +28.6% |
| Amounts receivable within one year | 40/41 | €120,754 | €87,645 | -€33,109 | -27.4% |
| Trade receivables | 40 | €83,383 | €53,948 | -€29,435 | -35.3% |
| Other amounts receivable | 41 | €37,371 | €33,696 | -€3,675 | -9.8% |
| Cash at bank and in hand | 54/58 | €13,930 | €10,447 | -€3,483 | -25.0% |
| Deferred charges and accrued income | 490/1 | €6,395 | €6,000 | -€395 | -6.2% |
| Total equity and liabilities | 10/49 | €348,094 | €316,696 | -€31,397 | -9.0% |
| Equity | 10/15 | €166,724 | €187,765 | +€21,041 | +12.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €163,724 | €163,724 | = | 0.0% |
| Distributable reserves | 133 | €163,724 | €163,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €21,041 | +€21,041 | |
| Amounts payable | 17/49 | €181,370 | €128,931 | -€52,438 | -28.9% |
| Amounts payable after more than one year | 17 | €94,192 | €67,823 | -€26,369 | -28.0% |
| Financial debts | 170/4 | €94,192 | €60,627 | -€33,565 | -35.6% |
| Advances received on contracts in progress | 176 | - | €7,196 | +€7,196 | |
| Amounts payable within one year | 42/48 | €85,428 | €59,158 | -€26,270 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €35,126 | €33,565 | -€1,561 | -4.4% |
| Trade debts | 44 | €20,677 | - | -€20,677 | |
| Suppliers | 440/4 | €20,677 | - | -€20,677 | |
| Taxes, remuneration and social security | 45 | €27,639 | €25,594 | -€2,045 | -7.4% |
| Taxes | 450/3 | €8,392 | €7,820 | -€572 | -6.8% |
| Remuneration and social security | 454/9 | €19,246 | €17,774 | -€1,473 | -7.7% |
| Other amounts payable | 47/48 | €1,986 | - | -€1,986 | |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,950 | +€200 | +11.4% |
| Remuneration, social security and pensions | 62 | €109,591 | €141,880 | +€32,289 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,722 | €38,654 | +€3,932 | +11.3% |
| Other operating charges | 640/8 | €929 | €862 | -€67 | -7.2% |
| Gross operating margin | 9900 | €195,829 | €200,356 | +€4,527 | +2.3% |
| Operating profit (loss) | 9901 | €50,587 | €18,960 | -€31,627 | -62.5% |
| Financial income | 75/76B | €5,757 | €6,160 | +€404 | +7.0% |
| Recurring financial income | 75 | €5,757 | €6,160 | +€404 | +7.0% |
| Financial charges | 65/66B | €7,696 | €5,931 | -€1,765 | -22.9% |
| Recurring financial charges | 65 | €7,696 | €5,931 | -€1,765 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €48,647 | €19,189 | -€29,458 | -60.6% |
| Income taxes | 67/77 | €6,842 | -€1,852 | -€8,694 | |
| Profit (loss) for the period | 9904 | €41,805 | €21,041 | -€20,765 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,805 | €21,041 | -€20,765 | -49.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.