Ernest Consulting: 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.
What changed
Ernest Consulting
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€24,113
2024 · €51,790-€27,676
Equity
€319,859
2024 · €345,746-€25,887
Cash
€57,321
2024 · €45,931+€11,391
Balance sheet total
€1.7m
2024 · €1.7m-€34,576
Largest movements
Assets
- Tangible fixed assets -€67,516
down €67,516 (-4.2%), from €1.6m to €1.6m
of which Land and buildings: -€114,793
- Deferred charges and accrued income +€20,832
up €20,832 (+241%), from €8,631 to €29,463
Equity and liabilities
- Debts after one year -€32,867
down €32,867 (-2.9%), from €1.2m to €1.1m
- Reserves -€27,508
down €27,508 (-8.0%), from €344,515 to €317,008
of which Distributable reserves: -€20,000
Income statement
- Other operating charges +€44,212
up €44,212 (+785%), from €5,635 to €49,847
- Gross operating margin +€17,840
up €17,840 (+8.2%), from €217,681 to €235,522
- Depreciation +€9,899
up €9,899 (+8.4%), from €117,894 to €127,793
- Taxes -€9,184
down €9,184 (-32.5%), from €28,261 to €19,077
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.
Result 2024
€51,790
Gross operating margin
+€17,840
Depreciation
-€9,899
Other operating charges
-€44,212
Financial charges
-€589
Taxes
+€9,184
Result 2025
€24,113
raises the resultlowers the result
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.
From operations
+€140,302
Investment
-€60,277
Financing
-€68,634
Cash 2024
€45,931
From operations (derived)
+€140,302
Net result for the year
+€24,113
Depreciation
+€127,793
Receivables within one year
-€718
Deferred charges and accrued income
-€20,832
Provisions
-€2,503
Trade debts
-€1,897
Tax, wage and social debts
+€12,817
Other debts
+€1,527
Investment (derived)
-€60,277
Investment in fixed assets (net)
-€60,277
Financing
-€68,634
Debts after one year
-€32,867
Current portion of long-term debt
+€14,233
Contributions, distributions and other
-€50,000
Cash 2025
€57,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,724,037 | €1,689,461 | -€34,576 | -2.0% |
| Fixed assets | 21/28 | €1,628,893 | €1,561,377 | -€67,516 | -4.1% |
| Tangible fixed assets | 22/27 | €1,624,493 | €1,556,977 | -€67,516 | -4.2% |
| Land and buildings | 22 | €1,582,488 | €1,467,695 | -€114,793 | -7.3% |
| Furniture and vehicles | 24 | - | €47,277 | +€47,277 | |
| Other tangible fixed assets | 26 | €42,005 | €42,005 | = | 0.0% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €95,144 | €128,084 | +€32,941 | +34.6% |
| Amounts receivable within one year | 40/41 | €40,582 | €41,300 | +€718 | +1.8% |
| Trade receivables | 40 | €20,582 | €36,300 | +€15,718 | +76.4% |
| Other amounts receivable | 41 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €45,931 | €57,321 | +€11,391 | +24.8% |
| Deferred charges and accrued income | 490/1 | €8,631 | €29,463 | +€20,832 | +241% |
| Total equity and liabilities | 10/49 | €1,724,037 | €1,689,461 | -€34,576 | -2.0% |
| Equity | 10/15 | €345,746 | €319,859 | -€25,887 | -7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €344,515 | €317,008 | -€27,508 | -8.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €157,660 | €150,153 | -€7,508 | -4.8% |
| Distributable reserves | 133 | €185,000 | €165,000 | -€20,000 | -10.8% |
| Profit (loss) carried forward | 14 | -€17,320 | -€15,699 | +€1,621 | +9.4% |
| Provisions and deferred taxes | 16 | €52,553 | €50,051 | -€2,503 | -4.8% |
| Deferred taxes | 168 | €52,553 | €50,051 | -€2,503 | -4.8% |
| Amounts payable | 17/49 | €1,325,738 | €1,319,551 | -€6,186 | -0.5% |
| Amounts payable after more than one year | 17 | €1,152,070 | €1,119,203 | -€32,867 | -2.9% |
| Financial debts | 170/4 | €1,152,070 | €1,119,203 | -€32,867 | -2.9% |
| Amounts payable within one year | 42/48 | €173,668 | €200,348 | +€26,680 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €62,384 | €76,617 | +€14,233 | +22.8% |
| Trade debts | 44 | €36,581 | €34,684 | -€1,897 | -5.2% |
| Suppliers | 440/4 | €36,581 | €34,684 | -€1,897 | -5.2% |
| Taxes, remuneration and social security | 45 | €26,255 | €39,072 | +€12,817 | +48.8% |
| Taxes | 450/3 | €26,255 | €39,072 | +€12,817 | +48.8% |
| Other amounts payable | 47/48 | €48,448 | €49,975 | +€1,527 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,894 | €127,793 | +€9,899 | +8.4% |
| Other operating charges | 640/8 | €5,635 | €49,847 | +€44,212 | +785% |
| Gross operating margin | 9900 | €217,681 | €235,522 | +€17,840 | +8.2% |
| Operating profit (loss) | 9901 | €94,152 | €57,881 | -€36,271 | -38.5% |
| Financial charges | 65/66B | €16,604 | €17,193 | +€589 | +3.5% |
| Recurring financial charges | 65 | €16,604 | €17,193 | +€589 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €77,548 | €40,688 | -€36,860 | -47.5% |
| Transfer from deferred taxes | 780 | €2,503 | €2,503 | = | 0.0% |
| Income taxes | 67/77 | €28,261 | €19,077 | -€9,184 | -32.5% |
| Profit (loss) for the period | 9904 | €51,790 | €24,113 | -€27,676 | -53.4% |
| Transfer from tax-exempt reserves | 789 | €7,508 | €7,508 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,297 | €31,621 | -€27,676 | -46.7% |
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 19 October 2026 via checked.be.