ERNOULD André: 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.
ERNOULD André
Largest movements
- Cash +€95,882
up €95,882 (+38.4%), from €249,766 to €345,648
mainly Other debts (+€39,191) and Depreciation (+€32,658)
- Tangible fixed assets -€43,814
down €43,814 (-30.5%), from €143,749 to €99,935
of which Furniture and vehicles: -€47,045
- Receivables within one year -€13,405
down €13,405 (-23.7%), from €56,621 to €43,216
of which Trade receivables: -€13,605
- Other debts +€39,191
up €39,191 (+27.3%), from €143,818 to €183,009
- Reserves -€12,000
down €12,000 (-11.2%), from €106,860 to €94,860
of which Tax-exempt reserves: -€12,000
- Trade debts +€11,148
up €11,148 (+161%), from €6,922 to €18,070
- Gross operating margin -€6,140
down €6,140 (-8.0%), from €76,473 to €70,333
- Purchases and services +€5,110
up €5,110 (+3.1%), from €167,153 to €172,263
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 | €462,863 | €501,431 | +€38,567 | +8.3% |
| Fixed assets | 21/28 | €143,809 | €99,994 | -€43,814 | -30.5% |
| Tangible fixed assets | 22/27 | €143,749 | €99,935 | -€43,814 | -30.5% |
| Land and buildings | 22 | €326 | €163 | -€163 | -50.0% |
| Plant, machinery and equipment | 23 | €2,687 | €6,080 | +€3,394 | +126% |
| Furniture and vehicles | 24 | €140,737 | €93,692 | -€47,045 | -33.4% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €319,055 | €401,436 | +€82,381 | +25.8% |
| Stocks and contracts in progress | 3 | €12,668 | €12,572 | -€95 | -0.8% |
| Stocks | 30/36 | €12,668 | €12,572 | -€95 | -0.8% |
| Amounts receivable within one year | 40/41 | €56,621 | €43,216 | -€13,405 | -23.7% |
| Trade receivables | 40 | €52,901 | €39,296 | -€13,605 | -25.7% |
| Other amounts receivable | 41 | €3,720 | €3,920 | +€200 | +5.4% |
| Cash at bank and in hand | 54/58 | €249,766 | €345,648 | +€95,882 | +38.4% |
| Total equity and liabilities | 10/49 | €462,863 | €501,431 | +€38,567 | +8.3% |
| Equity | 10/15 | €294,565 | €282,650 | -€11,915 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,860 | €94,860 | -€12,000 | -11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,000 | €93,000 | -€12,000 | -11.4% |
| Profit (loss) carried forward | 14 | €169,105 | €169,190 | +€85 | +0.1% |
| Amounts payable | 17/49 | €168,299 | €218,781 | +€50,482 | +30.0% |
| Amounts payable within one year | 42/48 | €168,299 | €218,781 | +€50,482 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €1,550 | €1,550 | = | 0.0% |
| Trade debts | 44 | €6,922 | €18,070 | +€11,148 | +161% |
| Suppliers | 440/4 | €6,922 | €18,070 | +€11,148 | +161% |
| Taxes, remuneration and social security | 45 | €16,008 | €16,152 | +€143 | +0.9% |
| Taxes | 450/3 | €14,769 | €16,152 | +€1,383 | +9.4% |
| Remuneration and social security | 454/9 | €1,239 | - | -€1,239 | |
| Other amounts payable | 47/48 | €143,818 | €183,009 | +€39,191 | +27.3% |
| Turnover | 70 | €243,626 | €242,596 | -€1,030 | -0.4% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Goods, raw materials, services and sundry goods | 60/61 | €167,153 | €172,263 | +€5,110 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,253 | €32,658 | -€595 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €554 | - | -€554 | |
| Other operating charges | 640/8 | €7,333 | €5,849 | -€1,484 | -20.2% |
| Gross operating margin | 9900 | €76,473 | €70,333 | -€6,140 | -8.0% |
| Operating profit (loss) | 9901 | €35,333 | €31,826 | -€3,507 | -9.9% |
| Financial income | 75/76B | €12 | €8 | -€3 | -27.4% |
| Recurring financial income | 75 | €12 | €8 | -€3 | -27.4% |
| Financial charges | 65/66B | €1,140 | €1,254 | +€115 | +10.0% |
| Recurring financial charges | 65 | €1,140 | €1,254 | +€115 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €34,205 | €30,580 | -€3,625 | -10.6% |
| Income taxes | 67/77 | €11,170 | €10,495 | -€674 | -6.0% |
| Profit (loss) for the period | 9904 | €23,035 | €20,085 | -€2,950 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,035 | €20,085 | -€2,950 | -12.8% |
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 27 October 2026 via checked.be.