ERNIMO: what changed
Two fiscal 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.
ERNIMO
Largest movements
- Tangible fixed assets -€19,612
down €19,612 (-4.2%), from €466,800 to €447,188
of which Land and buildings: -€19,126
- Debts after one year -€40,630
down €40,630 (-17.4%), from €233,567 to €192,937
of which Financial debts: -€41,210
- Reserves +€28,000
up €28,000 (+87.5%), from €32,000 to €60,000
- Other debts -€5,000
down €5,000 (-10.6%), from €47,000 to €42,000
- Gross operating margin +€24,278
up €24,278 (+51.9%), from €46,734 to €71,012
- Taxes +€6,273
up €6,273 (+184.2%), from €3,406 to €9,678
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.
Cash bridge derived
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 | €479,893 | €460,458 | -€19,435 | -4.0% |
| Fixed assets | 21/28 | €466,800 | €447,188 | -€19,612 | -4.2% |
| Tangible fixed assets | 22/27 | €466,800 | €447,188 | -€19,612 | -4.2% |
| Land and buildings | 22 | €463,399 | €444,273 | -€19,126 | -4.1% |
| Plant, machinery and equipment | 23 | €3,401 | €2,915 | -€486 | -14.3% |
| Current assets | 29/58 | €13,093 | €13,270 | +€177 | +1.4% |
| Amounts receivable within one year | 40/41 | €3,094 | €0 | -€3,094 | -100.0% |
| Other amounts receivable | 41 | €3,094 | - | -€3,094 | |
| Cash at bank and in hand | 54/58 | €9,999 | €8,670 | -€1,328 | -13.3% |
| Deferred charges and accrued income | 490/1 | - | €4,600 | +€4,600 | |
| Total equity and liabilities | 10/49 | €479,893 | €460,458 | -€19,435 | -4.0% |
| Equity | 10/15 | €152,542 | €180,956 | +€28,414 | +18.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €60,000 | +€28,000 | +87.5% |
| Distributable reserves | 133 | €32,000 | €60,000 | +€28,000 | +87.5% |
| Profit (loss) carried forward | 14 | €542 | €956 | +€414 | +76.3% |
| Amounts payable | 17/49 | €327,351 | €279,502 | -€47,849 | -14.6% |
| Amounts payable after more than one year | 17 | €233,567 | €192,937 | -€40,630 | -17.4% |
| Financial debts | 170/4 | €132,367 | €91,157 | -€41,210 | -31.1% |
| Other amounts payable | 178/9 | €101,200 | €101,780 | +€580 | +0.6% |
| Amounts payable within one year | 42/48 | €93,784 | €86,565 | -€7,219 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €40,675 | €41,210 | +€535 | +1.3% |
| Trade debts | 44 | €0 | €177 | +€177 | |
| Suppliers | 440/4 | - | €177 | +€177 | |
| Taxes, remuneration and social security | 45 | €6,109 | €3,178 | -€2,931 | -48.0% |
| Taxes | 450/3 | €6,109 | €3,178 | -€2,931 | -48.0% |
| Other amounts payable | 47/48 | €47,000 | €42,000 | -€5,000 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,612 | €19,612 | = | 0.0% |
| Other operating charges | 640/8 | €10,851 | €11,192 | +€341 | +3.1% |
| Gross operating margin | 9900 | €46,734 | €71,012 | +€24,278 | +51.9% |
| Operating profit (loss) | 9901 | €16,271 | €40,208 | +€23,937 | +147.1% |
| Financial charges | 65/66B | €2,648 | €2,115 | -€533 | -20.1% |
| Recurring financial charges | 65 | €2,648 | €2,115 | -€533 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €13,622 | €38,092 | +€24,470 | +179.6% |
| Income taxes | 67/77 | €3,406 | €9,678 | +€6,273 | +184.2% |
| Profit (loss) for the period | 9904 | €10,217 | €28,414 | +€18,197 | +178.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,217 | €28,414 | +€18,197 | +178.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.