ERNITA: 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.
ERNITA
Largest movements
- Cash +€90,897
up €90,897 (+145.7%), from €62,400 to €153,297
mainly Depreciation (+€72,518) and Net result for the year (+€43,010)
- Receivables within one year -€32,144
down €32,144 (-53.7%), from €59,903 to €27,759
of which Other amounts receivable: -€24,344
- Tangible fixed assets -€22,248
down €22,248 (-1.9%), from €1.2m to €1.2m
of which Land and buildings: -€22,248
- Reserves +€40,000
up €40,000 (+10.1%), from €395,608 to €435,608
of which Distributable reserves: +€40,000
- Other debts -€19,059
down €19,059 (-13.1%), from €145,301 to €126,242
- Tax, wage and social debts +€17,809
up €17,809 (+445.2%), from €4,000 to €21,809
- Debts after one year -€13,530
down €13,530 (-14.0%), from €96,942 to €83,412
- Gross operating margin -€5,597
down €5,597 (-3.4%), from €165,040 to €159,443
- Depreciation -€2,839
down €2,839 (-3.8%), from €75,357 to €72,518
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 | €1,304,969 | €1,339,724 | +€34,755 | +2.7% |
| Fixed assets | 21/28 | €1,173,164 | €1,150,916 | -€22,248 | -1.9% |
| Tangible fixed assets | 22/27 | €1,173,164 | €1,150,916 | -€22,248 | -1.9% |
| Land and buildings | 22 | €1,173,164 | €1,150,916 | -€22,248 | -1.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €131,804 | €188,808 | +€57,003 | +43.2% |
| Amounts receivable within one year | 40/41 | €59,903 | €27,759 | -€32,144 | -53.7% |
| Trade receivables | 40 | €7,800 | €0 | -€7,800 | -100.0% |
| Other amounts receivable | 41 | €52,103 | €27,759 | -€24,344 | -46.7% |
| Cash at bank and in hand | 54/58 | €62,400 | €153,297 | +€90,897 | +145.7% |
| Deferred charges and accrued income | 490/1 | €9,501 | €7,751 | -€1,750 | -18.4% |
| Total equity and liabilities | 10/49 | €1,304,969 | €1,339,724 | +€34,755 | +2.7% |
| Equity | 10/15 | €1,039,667 | €1,082,677 | +€43,010 | +4.1% |
| Contributions | 10/11 | €456,124 | €456,124 | = | 0.0% |
| Capital | 10 | €456,124 | €456,124 | = | 0.0% |
| Issued capital | 100 | €456,124 | €456,124 | = | 0.0% |
| Reserves | 13 | €395,608 | €435,608 | +€40,000 | +10.1% |
| Non-distributable reserves | 130/1 | €45,612 | €45,612 | = | 0.0% |
| Legal reserve | 130 | €45,612 | €45,612 | = | 0.0% |
| Distributable reserves | 133 | €349,995 | €389,995 | +€40,000 | +11.4% |
| Profit (loss) carried forward | 14 | €187,935 | €190,945 | +€3,010 | +1.6% |
| Amounts payable | 17/49 | €265,302 | €257,047 | -€8,255 | -3.1% |
| Amounts payable after more than one year | 17 | €96,942 | €83,412 | -€13,530 | -14.0% |
| Financial debts | 170/4 | €96,942 | €83,412 | -€13,530 | -14.0% |
| Amounts payable within one year | 42/48 | €166,929 | €171,802 | +€4,874 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €9,828 | €13,530 | +€3,702 | +37.7% |
| Trade debts | 44 | €7,800 | €10,222 | +€2,422 | +31.0% |
| Suppliers | 440/4 | €7,800 | €10,222 | +€2,422 | +31.0% |
| Taxes, remuneration and social security | 45 | €4,000 | €21,809 | +€17,809 | +445.2% |
| Taxes | 450/3 | €4,000 | €21,809 | +€17,809 | +445.2% |
| Other amounts payable | 47/48 | €145,301 | €126,242 | -€19,059 | -13.1% |
| Accrued charges and deferred income | 492/3 | €1,431 | €1,832 | +€401 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,357 | €72,518 | -€2,839 | -3.8% |
| Other operating charges | 640/8 | €20,241 | €20,972 | +€731 | +3.6% |
| Gross operating margin | 9900 | €165,040 | €159,443 | -€5,597 | -3.4% |
| Operating profit (loss) | 9901 | €69,442 | €65,952 | -€3,490 | -5.0% |
| Financial charges | 65/66B | €2,657 | €1,830 | -€827 | -31.1% |
| Recurring financial charges | 65 | €2,657 | €1,830 | -€827 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €66,785 | €64,123 | -€2,663 | -4.0% |
| Income taxes | 67/77 | €20,696 | €21,113 | +€416 | +2.0% |
| Profit (loss) for the period | 9904 | €46,089 | €43,010 | -€3,079 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,089 | €43,010 | -€3,079 | -6.7% |
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 12 October 2026 via checked.be.