Ernest Living: 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.
Ernest Living
Largest movements
- Current investments -€800,000
no longer reported in 2025 (was €800,000)
- Financial fixed assets +€710,429
up €710,429 (+61.6%), from €1.2m to €1.9m
- Cash -€78,822
down €78,822 (-94.6%), from €83,334 to €4,512
mainly Investment in fixed assets (net) (-€828,801) and Net result for the year (-€308,611)
- Tangible fixed assets +€47,142
up €47,142 (+2.3%), from €2.0m to €2.1m
of which Land and buildings: +€46,510
- Profit (loss) carried forward -€308,611
down €308,611 (-190%), from -€162,683 to -€471,294
- Debts after one year +€215,816
up €215,816 (+29.0%), from €745,183 to €960,999
- Trade debts -€56,316
down €56,316 (-58.3%), from €96,517 to €40,201
- Gross operating margin -€122,426
down €122,426 (-261%), from -€46,878 to -€169,304
- Staff costs +€26,081
new in 2025: €26,081
- Depreciation -€25,485
down €25,485 (-26.4%), from €96,715 to €71,229
- Financial charges +€18,070
up €18,070 (+63.5%), from €28,436 to €46,505
- Financial income -€5,354
down €5,354 (-52.2%), from €10,259 to €4,905
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 | €4,064,676 | €3,945,260 | -€119,416 | -2.9% |
| Fixed assets | 21/28 | €3,177,878 | €3,935,450 | +€757,572 | +23.8% |
| Tangible fixed assets | 22/27 | €2,023,795 | €2,070,937 | +€47,142 | +2.3% |
| Land and buildings | 22 | €2,023,795 | €2,070,305 | +€46,510 | +2.3% |
| Furniture and vehicles | 24 | - | €632 | +€632 | |
| Financial fixed assets | 28 | €1,154,083 | €1,864,513 | +€710,429 | +61.6% |
| Current assets | 29/58 | €886,798 | €9,811 | -€876,988 | -98.9% |
| Amounts receivable within one year | 40/41 | €3,077 | €4,555 | +€1,479 | +48.1% |
| Trade receivables | 40 | - | €3,084 | +€3,084 | |
| Other amounts receivable | 41 | €3,077 | €1,471 | -€1,605 | -52.2% |
| Current investments | 50/53 | €800,000 | - | -€800,000 | |
| Cash at bank and in hand | 54/58 | €83,334 | €4,512 | -€78,822 | -94.6% |
| Deferred charges and accrued income | 490/1 | €388 | €743 | +€356 | +91.8% |
| Total equity and liabilities | 10/49 | €4,064,676 | €3,945,260 | -€119,416 | -2.9% |
| Equity | 10/15 | €3,137,317 | €2,828,706 | -€308,611 | -9.8% |
| Contributions | 10/11 | €3,300,000 | €3,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,683 | -€471,294 | -€308,611 | -190% |
| Amounts payable | 17/49 | €927,360 | €1,116,554 | +€189,195 | +20.4% |
| Amounts payable after more than one year | 17 | €745,183 | €960,999 | +€215,816 | +29.0% |
| Financial debts | 170/4 | €745,183 | €960,999 | +€215,816 | +29.0% |
| Amounts payable within one year | 42/48 | €175,089 | €147,378 | -€27,711 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €54,447 | €56,637 | +€2,190 | +4.0% |
| Trade debts | 44 | €96,517 | €40,201 | -€56,316 | -58.3% |
| Suppliers | 440/4 | €96,517 | €40,201 | -€56,316 | -58.3% |
| Taxes, remuneration and social security | 45 | €23,279 | €19,226 | -€4,053 | -17.4% |
| Taxes | 450/3 | €23,279 | €16,699 | -€6,581 | -28.3% |
| Remuneration and social security | 454/9 | - | €2,527 | +€2,527 | |
| Other amounts payable | 47/48 | €846 | €31,314 | +€30,469 | +3,602% |
| Accrued charges and deferred income | 492/3 | €7,088 | €8,178 | +€1,090 | +15.4% |
| Remuneration, social security and pensions | 62 | - | €26,081 | +€26,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,715 | €71,229 | -€25,485 | -26.4% |
| Other operating charges | 640/8 | €914 | €395 | -€519 | -56.7% |
| Gross operating margin | 9900 | -€46,878 | -€169,304 | -€122,426 | -261% |
| Operating profit (loss) | 9901 | -€144,507 | -€267,010 | -€122,503 | -84.8% |
| Financial income | 75/76B | €10,259 | €4,905 | -€5,354 | -52.2% |
| Recurring financial income | 75 | €10,259 | €4,905 | -€5,354 | -52.2% |
| Financial charges | 65/66B | €28,436 | €46,505 | +€18,070 | +63.5% |
| Recurring financial charges | 65 | €28,436 | €46,505 | +€18,070 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | -€162,683 | -€308,611 | -€145,927 | -89.7% |
| Profit (loss) for the period | 9904 | -€162,683 | -€308,611 | -€145,927 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,683 | -€308,611 | -€145,927 | -89.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.