ERNIVEST: 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.
ERNIVEST
Largest movements
- Tangible fixed assets -€84,625
down €84,625 (-7.5%), from €1.1m to €1.0m
- Cash +€34,109
up €34,109 (+484.7%), from €7,037 to €41,146
mainly Depreciation (+€95,865) and Net result for the year (+€23,348)
- Other debts -€59,147
down €59,147 (-2.8%), from €2.1m to €2.0m
- Gross operating margin -€11,813
down €11,813 (-8.5%), from €139,013 to €127,200
- Other operating charges +€2,427
up €2,427 (+35.2%), from €6,891 to €9,318
- Depreciation +€2,416
up €2,416 (+2.6%), from €93,448 to €95,865
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 | €2,317,945 | €2,264,676 | -€53,269 | -2.3% |
| Fixed assets | 21/28 | €1,724,497 | €1,639,872 | -€84,625 | -4.9% |
| Tangible fixed assets | 22/27 | €1,124,497 | €1,039,872 | -€84,625 | -7.5% |
| Land and buildings | 22 | €872,645 | €832,323 | -€40,322 | -4.6% |
| Plant, machinery and equipment | 23 | €236,203 | €198,520 | -€37,683 | -16.0% |
| Furniture and vehicles | 24 | €375 | €9,029 | +€8,654 | +2309.5% |
| Leasing and similar rights | 25 | €15,274 | - | -€15,274 | |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €593,447 | €624,804 | +€31,356 | +5.3% |
| Stocks and contracts in progress | 3 | €21,303 | €21,303 | = | 0.0% |
| Stocks | 30/36 | €21,303 | €21,303 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €553,226 | €547,711 | -€5,515 | -1.0% |
| Trade receivables | 40 | €424,626 | €425,350 | +€724 | +0.2% |
| Other amounts receivable | 41 | €128,600 | €122,361 | -€6,239 | -4.9% |
| Cash at bank and in hand | 54/58 | €7,037 | €41,146 | +€34,109 | +484.7% |
| Deferred charges and accrued income | 490/1 | €11,881 | €14,643 | +€2,762 | +23.2% |
| Total equity and liabilities | 10/49 | €2,317,945 | €2,264,676 | -€53,269 | -2.3% |
| Equity | 10/15 | €216,197 | €239,544 | +€23,348 | +10.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €39,000 | +€23,000 | +143.8% |
| Distributable reserves | 133 | €16,000 | €39,000 | +€23,000 | +143.8% |
| Profit (loss) carried forward | 14 | €197 | €544 | +€348 | +176.8% |
| Amounts payable | 17/49 | €2,101,748 | €2,025,131 | -€76,617 | -3.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,101,748 | €2,025,131 | -€76,617 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €15,447 | - | -€15,447 | |
| Trade debts | 44 | €2,462 | €658 | -€1,804 | -73.3% |
| Suppliers | 440/4 | €2,462 | €658 | -€1,804 | -73.3% |
| Taxes, remuneration and social security | 45 | €7,312 | €7,093 | -€219 | -3.0% |
| Taxes | 450/3 | €7,312 | €7,093 | -€219 | -3.0% |
| Other amounts payable | 47/48 | €2,076,527 | €2,017,380 | -€59,147 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,448 | €95,865 | +€2,416 | +2.6% |
| Other operating charges | 640/8 | €6,891 | €9,318 | +€2,427 | +35.2% |
| Gross operating margin | 9900 | €139,013 | €127,200 | -€11,813 | -8.5% |
| Operating profit (loss) | 9901 | €38,673 | €22,017 | -€16,656 | -43.1% |
| Financial income | 75/76B | €2,302 | €2,300 | -€2 | -0.1% |
| Recurring financial income | 75 | €2,302 | €2,300 | -€2 | -0.1% |
| Financial charges | 65/66B | €395 | €684 | +€289 | +73.3% |
| Recurring financial charges | 65 | €395 | €684 | +€289 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €40,581 | €23,633 | -€16,947 | -41.8% |
| Income taxes | 67/77 | €261 | €285 | +€24 | +9.2% |
| Profit (loss) for the period | 9904 | €40,319 | €23,348 | -€16,971 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,319 | €23,348 | -€16,971 | -42.1% |
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 10 October 2026 via checked.be.