Ernest Partners: 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 Partners
Largest movements
- Cash +€118,619
up €118,619 (+159%), from €74,688 to €193,307
mainly Net result for the year (+€170,132) and Receivables within one year (+€60,364)
- Receivables within one year -€60,364
down €60,364 (-41.3%), from €146,041 to €85,677
- Deferred charges and accrued income +€4,122
up €4,122 (+45.4%), from €9,074 to €13,196
- Intangible fixed assets -€3,849
down €3,849 (-40.0%), from €9,633 to €5,784
- Reserves +€156,976
up €156,976 (+217%), from €72,215 to €229,191
- Trade debts -€98,645
down €98,645 (-94.1%), from €104,824 to €6,179
- Tax, wage and social debts -€16,404
down €16,404 (-23.8%), from €68,868 to €52,465
of which Taxes: -€20,085
- Other debts +€13,156
up €13,156, from €0 to €13,156
- Gross operating margin +€301,670
up €301,670 (+135%), from €222,639 to €524,309
- Taxes +€35,731
up €35,731 (+15,502%), from €231 to €35,962
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 | €250,907 | €308,801 | +€57,894 | +23.1% |
| Fixed assets | 21/28 | €21,104 | €16,622 | -€4,483 | -21.2% |
| Intangible fixed assets | 21 | €9,633 | €5,784 | -€3,849 | -40.0% |
| Tangible fixed assets | 22/27 | €2,071 | €1,438 | -€633 | -30.6% |
| Plant, machinery and equipment | 23 | €2,071 | €1,438 | -€633 | -30.6% |
| Financial fixed assets | 28 | €9,400 | €9,400 | = | 0.0% |
| Current assets | 29/58 | €229,803 | €292,179 | +€62,377 | +27.1% |
| Amounts receivable within one year | 40/41 | €146,041 | €85,677 | -€60,364 | -41.3% |
| Trade receivables | 40 | €146,041 | €85,677 | -€60,364 | -41.3% |
| Cash at bank and in hand | 54/58 | €74,688 | €193,307 | +€118,619 | +159% |
| Deferred charges and accrued income | 490/1 | €9,074 | €13,196 | +€4,122 | +45.4% |
| Total equity and liabilities | 10/49 | €250,907 | €308,801 | +€57,894 | +23.1% |
| Equity | 10/15 | €77,215 | €234,191 | +€156,976 | +203% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,215 | €229,191 | +€156,976 | +217% |
| Distributable reserves | 133 | €72,215 | €229,191 | +€156,976 | +217% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €173,692 | €74,611 | -€99,082 | -57.0% |
| Amounts payable within one year | 42/48 | €173,692 | €71,799 | -€101,893 | -58.7% |
| Trade debts | 44 | €104,824 | €6,179 | -€98,645 | -94.1% |
| Suppliers | 440/4 | €104,824 | €6,179 | -€98,645 | -94.1% |
| Taxes, remuneration and social security | 45 | €68,868 | €52,465 | -€16,404 | -23.8% |
| Taxes | 450/3 | €46,001 | €25,916 | -€20,085 | -43.7% |
| Remuneration and social security | 454/9 | €22,867 | €26,548 | +€3,681 | +16.1% |
| Other amounts payable | 47/48 | €0 | €13,156 | +€13,156 | |
| Accrued charges and deferred income | 492/3 | €0 | €2,811 | +€2,811 | |
| Remuneration, social security and pensions | 62 | €304,984 | €308,481 | +€3,496 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,410 | €5,457 | -€953 | -14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,419 | +€1,419 | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €222,639 | €524,309 | +€301,670 | +135% |
| Operating profit (loss) | 9901 | -€89,207 | €208,487 | +€297,694 | |
| Financial income | 75/76B | €0 | €303 | +€303 | |
| Recurring financial income | 75 | €0 | €303 | +€303 | |
| Financial charges | 65/66B | €1,324 | €2,697 | +€1,373 | +104% |
| Recurring financial charges | 65 | €1,324 | €2,697 | +€1,373 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€90,530 | €206,093 | +€296,624 | |
| Income taxes | 67/77 | €231 | €35,962 | +€35,731 | +15,502% |
| Profit (loss) for the period | 9904 | -€90,761 | €170,132 | +€260,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,761 | €170,132 | +€260,892 |
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 1 November 2026 via checked.be.