Erniego: 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.
Erniego
Largest movements
- Tangible fixed assets +€86,049
up €86,049 (+129%), from €66,539 to €152,588
of which Furniture and vehicles: +€61,819
- Receivables within one year +€23,776
up €23,776 (+81.4%), from €29,220 to €52,996
of which Other amounts receivable: +€24,261
- Cash -€17,425
down €17,425 (-99.9%), from €17,442 to €17
mainly Investment in fixed assets (net) (-€107,550) and Receivables within one year (-€23,776)
- Deferred charges and accrued income +€2,681
up €2,681 (+257%), from €1,045 to €3,726
- Reserves +€34,913
up €34,913 (+164%), from €21,341 to €56,254
- Other debts +€21,341
up €21,341, from €0 to €21,341
- Current portion of long-term debt +€14,018
up €14,018 (+163%), from €8,613 to €22,631
- Tax, wage and social debts +€13,911
up €13,911 (+91.7%), from €15,174 to €29,085
- Short-term financial debts +€5,768
up €5,768, from €0 to €5,768
- Depreciation +€13,156
up €13,156 (+158%), from €8,345 to €21,501
- Gross operating margin +€11,441
up €11,441 (+12.4%), from €91,991 to €103,432
- Taxes +€10,671
up €10,671 (+94.8%), from €11,259 to €21,930
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 | €117,941 | €213,022 | +€95,081 | +80.6% |
| Fixed assets | 21/28 | €70,234 | €156,283 | +€86,049 | +123% |
| Tangible fixed assets | 22/27 | €66,539 | €152,588 | +€86,049 | +129% |
| Land and buildings | 22 | €47,150 | €50,012 | +€2,862 | +6.1% |
| Plant, machinery and equipment | 23 | €0 | €1,388 | +€1,388 | |
| Furniture and vehicles | 24 | €19,389 | €81,209 | +€61,819 | +319% |
| Other tangible fixed assets | 26 | - | €19,979 | +€19,979 | |
| Financial fixed assets | 28 | €3,695 | €3,695 | = | 0.0% |
| Current assets | 29/58 | €47,707 | €56,739 | +€9,032 | +18.9% |
| Amounts receivable within one year | 40/41 | €29,220 | €52,996 | +€23,776 | +81.4% |
| Trade receivables | 40 | €25,884 | €25,399 | -€485 | -1.9% |
| Other amounts receivable | 41 | €3,336 | €27,597 | +€24,261 | +727% |
| Cash at bank and in hand | 54/58 | €17,442 | €17 | -€17,425 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,045 | €3,726 | +€2,681 | +257% |
| Total equity and liabilities | 10/49 | €117,941 | €213,022 | +€95,081 | +80.6% |
| Equity | 10/15 | €88,847 | €123,760 | +€34,913 | +39.3% |
| Contributions | 10/11 | €11,878 | €11,878 | = | 0.0% |
| Reserves | 13 | €21,341 | €56,254 | +€34,913 | +164% |
| Distributable reserves | 133 | €21,341 | €56,254 | +€34,913 | +164% |
| Profit (loss) carried forward | 14 | €55,628 | €55,628 | = | 0.0% |
| Amounts payable | 17/49 | €29,094 | €89,262 | +€60,168 | +207% |
| Amounts payable after more than one year | 17 | €0 | €1,721 | +€1,721 | |
| Financial debts | 170/4 | €0 | €1,721 | +€1,721 | |
| Amounts payable within one year | 42/48 | €29,094 | €87,466 | +€58,372 | +201% |
| Current portion of amounts payable after more than one year | 42 | €8,613 | €22,631 | +€14,018 | +163% |
| Financial debts | 43 | €0 | €5,768 | +€5,768 | |
| Credit institutions | 430/8 | €0 | €5,768 | +€5,768 | |
| Trade debts | 44 | €5,307 | €8,641 | +€3,334 | +62.8% |
| Suppliers | 440/4 | €5,307 | €8,641 | +€3,334 | +62.8% |
| Taxes, remuneration and social security | 45 | €15,174 | €29,085 | +€13,911 | +91.7% |
| Taxes | 450/3 | €15,174 | €29,085 | +€13,911 | +91.7% |
| Other amounts payable | 47/48 | €0 | €21,341 | +€21,341 | |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Non-recurring operating income | 76A | €2,479 | €23,849 | +€21,370 | +862% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,345 | €21,501 | +€13,156 | +158% |
| Other operating charges | 640/8 | €701 | €881 | +€179 | +25.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,991 | €103,432 | +€11,441 | +12.4% |
| Operating profit (loss) | 9901 | €82,944 | €81,051 | -€1,894 | -2.3% |
| Financial income | 75/76B | €347 | €1,003 | +€656 | +189% |
| Recurring financial income | 75 | €347 | €1,003 | +€656 | +189% |
| Financial charges | 65/66B | €4,860 | €3,870 | -€990 | -20.4% |
| Recurring financial charges | 65 | €4,860 | €3,870 | -€990 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €78,432 | €78,184 | -€248 | -0.3% |
| Income taxes | 67/77 | €11,259 | €21,930 | +€10,671 | +94.8% |
| Profit (loss) for the period | 9904 | €67,173 | €56,254 | -€10,919 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,173 | €56,254 | -€10,919 | -16.3% |
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 28 October 2026 via checked.be.