ErnestSong: 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.
ErnestSong
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€167,407
down €167,407 (-77.9%), from €214,811 to €47,405
mainly Current investments (-€200,000) and Tax, wage and social debts (-€6,296)
- Receivables within one year -€18,852
down €18,852 (-97.8%), from €19,285 to €434
of which Trade receivables: -€19,285
- Tangible fixed assets -€13,675
down €13,675 (-63.3%), from €21,595 to €7,920
of which Furniture and vehicles: -€15,436
- Profit (loss) carried forward +€15,336
up €15,336 (+8.8%), from €175,182 to €190,517
- Tax, wage and social debts -€6,296
down €6,296 (-17.1%), from €36,832 to €30,536
of which Taxes: -€6,233
- Other debts -€6,018
down €6,018 (-16.3%), from €37,008 to €30,990
- Trade debts -€2,955
down €2,955 (-62.5%), from €4,724 to €1,769
- Gross operating margin -€100,341
down €100,341 (-71.9%), from €139,635 to €39,295
- Taxes -€21,830
down €21,830 (-83.5%), from €26,155 to €4,325
- Other operating charges +€1,430
up €1,430 (+125%), from €1,141 to €2,570
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 | €255,746 | €255,812 | +€67 | 0.0% |
| Fixed assets | 21/28 | €21,649 | €7,974 | -€13,675 | -63.2% |
| Tangible fixed assets | 22/27 | €21,595 | €7,920 | -€13,675 | -63.3% |
| Plant, machinery and equipment | 23 | €1,275 | €3,036 | +€1,761 | +138% |
| Furniture and vehicles | 24 | €20,320 | €4,884 | -€15,436 | -76.0% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €234,097 | €247,838 | +€13,742 | +5.9% |
| Amounts receivable within one year | 40/41 | €19,285 | €434 | -€18,852 | -97.8% |
| Trade receivables | 40 | €19,285 | - | -€19,285 | |
| Other amounts receivable | 41 | - | €434 | +€434 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €214,811 | €47,405 | -€167,407 | -77.9% |
| Total equity and liabilities | 10/49 | €255,746 | €255,812 | +€67 | 0.0% |
| Equity | 10/15 | €177,182 | €192,517 | +€15,336 | +8.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,182 | €190,517 | +€15,336 | +8.8% |
| Amounts payable | 17/49 | €78,564 | €63,295 | -€15,269 | -19.4% |
| Amounts payable within one year | 42/48 | €78,564 | €63,295 | -€15,269 | -19.4% |
| Trade debts | 44 | €4,724 | €1,769 | -€2,955 | -62.5% |
| Suppliers | 440/4 | €4,724 | €1,769 | -€2,955 | -62.5% |
| Taxes, remuneration and social security | 45 | €36,832 | €30,536 | -€6,296 | -17.1% |
| Taxes | 450/3 | €36,664 | €30,431 | -€6,233 | -17.0% |
| Remuneration and social security | 454/9 | €168 | €105 | -€63 | -37.6% |
| Other amounts payable | 47/48 | €37,008 | €30,990 | -€6,018 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,810 | €17,120 | +€1,310 | +8.3% |
| Other operating charges | 640/8 | €1,141 | €2,570 | +€1,430 | +125% |
| Gross operating margin | 9900 | €139,635 | €39,295 | -€100,341 | -71.9% |
| Operating profit (loss) | 9901 | €122,685 | €19,604 | -€103,081 | -84.0% |
| Financial income | 75/76B | €115 | €154 | +€38 | +33.3% |
| Recurring financial income | 75 | €115 | €154 | +€38 | +33.3% |
| Financial charges | 65/66B | €75 | €97 | +€23 | +30.5% |
| Recurring financial charges | 65 | €75 | €97 | +€23 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €122,726 | €19,661 | -€103,065 | -84.0% |
| Income taxes | 67/77 | €26,155 | €4,325 | -€21,830 | -83.5% |
| Profit (loss) for the period | 9904 | €96,571 | €15,336 | -€81,235 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,571 | €15,336 | -€81,235 | -84.1% |
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 15 October 2026 via checked.be.