ERNIBO: 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.
ERNIBO
Largest movements
- Current investments -€120,140
down €120,140 (-18.0%), from €667,670 to €547,530
- Cash +€29,911
up €29,911 (+12.7%), from €236,299 to €266,210
mainly Net result for the year (+€135,525) and Current investments (+€120,140)
- Other debts -€149,947
down €149,947 (-27.3%), from €550,091 to €400,144
- Reserves +€135,525
up €135,525 (+10.6%), from €1.3m to €1.4m
of which Distributable reserves: +€135,525
- Debts after one year -€69,022
down €69,022 (-56.9%), from €121,338 to €52,316
- Gross operating margin -€85,728
down €85,728 (-30.3%), from €282,696 to €196,968
- Taxes -€27,796
down €27,796 (-33.9%), from €82,046 to €54,250
- Financial charges -€4,074
down €4,074 (-33.9%), from €12,033 to €7,959
of which Non-recurring financial charges: -€6,306
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 | €2,462,416 | €2,367,584 | -€94,832 | -3.9% |
| Fixed assets | 21/28 | €1,422,000 | €1,428,671 | +€6,671 | +0.5% |
| Tangible fixed assets | 22/27 | €147,000 | €153,671 | +€6,671 | +4.5% |
| Land and buildings | 22 | €147,000 | €147,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €6,671 | +€6,671 | |
| Financial fixed assets | 28 | €1,275,000 | €1,275,000 | = | 0.0% |
| Current assets | 29/58 | €1,040,416 | €938,913 | -€101,503 | -9.8% |
| Amounts receivable within one year | 40/41 | €127,504 | €119,211 | -€8,293 | -6.5% |
| Trade receivables | 40 | €108,900 | €72,600 | -€36,300 | -33.3% |
| Other amounts receivable | 41 | €18,604 | €46,611 | +€28,007 | +151% |
| Current investments | 50/53 | €667,670 | €547,530 | -€120,140 | -18.0% |
| Cash at bank and in hand | 54/58 | €236,299 | €266,210 | +€29,911 | +12.7% |
| Deferred charges and accrued income | 490/1 | €8,943 | €5,962 | -€2,980 | -33.3% |
| Total equity and liabilities | 10/49 | €2,462,416 | €2,367,584 | -€94,832 | -3.9% |
| Equity | 10/15 | €1,632,321 | €1,767,845 | +€135,525 | +8.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,277,099 | €1,412,623 | +€135,525 | +10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,277,099 | €1,412,623 | +€135,525 | +10.6% |
| Profit (loss) carried forward | 14 | €305,222 | €305,222 | = | 0.0% |
| Amounts payable | 17/49 | €830,096 | €599,739 | -€230,357 | -27.8% |
| Amounts payable after more than one year | 17 | €121,338 | €52,316 | -€69,022 | -56.9% |
| Financial debts | 170/4 | €121,338 | €52,316 | -€69,022 | -56.9% |
| Amounts payable within one year | 42/48 | €708,508 | €547,423 | -€161,085 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €68,195 | €69,022 | +€827 | +1.2% |
| Financial debts | 43 | €50,434 | €50,091 | -€343 | -0.7% |
| Credit institutions | 430/8 | €50,434 | €50,091 | -€343 | -0.7% |
| Trade debts | 44 | €14,600 | €6,346 | -€8,254 | -56.5% |
| Suppliers | 440/4 | €14,600 | €6,346 | -€8,254 | -56.5% |
| Taxes, remuneration and social security | 45 | €25,186 | €21,819 | -€3,367 | -13.4% |
| Taxes | 450/3 | €18,656 | €21,819 | +€3,163 | +17.0% |
| Remuneration and social security | 454/9 | €6,531 | €0 | -€6,531 | -100% |
| Other amounts payable | 47/48 | €550,091 | €400,144 | -€149,947 | -27.3% |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €659 | +€422 | +179% |
| Other operating charges | 640/8 | €2,487 | €1,445 | -€1,042 | -41.9% |
| Gross operating margin | 9900 | €282,696 | €196,968 | -€85,728 | -30.3% |
| Operating profit (loss) | 9901 | €279,973 | €194,864 | -€85,108 | -30.4% |
| Financial income | 75/76B | €2,167 | €2,870 | +€703 | +32.4% |
| Recurring financial income | 75 | €2,167 | €2,870 | +€703 | +32.4% |
| Financial charges | 65/66B | €12,033 | €7,959 | -€4,074 | -33.9% |
| Recurring financial charges | 65 | €5,727 | €7,959 | +€2,232 | +39.0% |
| Non-recurring financial charges | 66B | €6,306 | €0 | -€6,306 | -100% |
| Profit (loss) for the period before taxes | 9903 | €270,106 | €189,775 | -€80,332 | -29.7% |
| Income taxes | 67/77 | €82,046 | €54,250 | -€27,796 | -33.9% |
| Profit (loss) for the period | 9904 | €188,060 | €135,525 | -€52,536 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €188,060 | €135,525 | -€52,536 | -27.9% |
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 29 October 2026 via checked.be.