ERNST CONSTRUCTION: 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.
ERNST CONSTRUCTION
Largest movements
- Tangible fixed assets -€42,156
down €42,156 (-59.9%), from €70,384 to €28,228
of which Plant, machinery and equipment: -€24,581
- Cash +€20,431
up €20,431 (+9,417%), from €217 to €20,648
mainly Net result for the year (+€96,226) and Investment in fixed assets (net) (+€34,662)
- Receivables within one year -€14,899
down €14,899 (-12.9%), from €115,550 to €100,651
of which Trade receivables: -€14,160
- Profit (loss) carried forward +€96,226
up €96,226 (+58.6%), from €164,179 to €260,405
- Debts after one year -€71,203
down €71,203 (-17.9%), from €396,923 to €325,721
- Tax, wage and social debts -€46,305
down €46,305 (-86.1%), from €53,795 to €7,490
- Other debts -€26,434
down €26,434 (-5.1%), from €515,657 to €489,223
- Gross operating margin -€151,844
down €151,844 (-51.1%), from €297,257 to €145,414
- Write-downs -€24,858
down €24,858 (-100%), from €24,858 to €0
- Taxes -€23,634
down €23,634 (-47.6%), from €49,701 to €26,067
- Financial charges +€9,266
up €9,266 (+188%), from €4,935 to €14,200
- Depreciation -€4,291
down €4,291 (-36.4%), from €11,785 to €7,494
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 | €1,286,151 | €1,249,527 | -€36,624 | -2.8% |
| Fixed assets | 21/28 | €1,170,384 | €1,128,228 | -€42,156 | -3.6% |
| Tangible fixed assets | 22/27 | €70,384 | €28,228 | -€42,156 | -59.9% |
| Plant, machinery and equipment | 23 | €24,581 | €0 | -€24,581 | -100% |
| Furniture and vehicles | 24 | €45,803 | €28,228 | -€17,574 | -38.4% |
| Financial fixed assets | 28 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €115,767 | €121,299 | +€5,532 | +4.8% |
| Amounts receivable within one year | 40/41 | €115,550 | €100,651 | -€14,899 | -12.9% |
| Trade receivables | 40 | €39,837 | €25,678 | -€14,160 | -35.5% |
| Other amounts receivable | 41 | €75,712 | €74,973 | -€739 | -1.0% |
| Cash at bank and in hand | 54/58 | €217 | €20,648 | +€20,431 | +9,417% |
| Total equity and liabilities | 10/49 | €1,286,151 | €1,249,527 | -€36,624 | -2.8% |
| Equity | 10/15 | €222,434 | €318,659 | +€96,226 | +43.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €48,255 | €48,255 | = | 0.0% |
| Distributable reserves | 133 | €48,255 | €48,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,179 | €260,405 | +€96,226 | +58.6% |
| Amounts payable | 17/49 | €1,063,717 | €930,868 | -€132,850 | -12.5% |
| Amounts payable after more than one year | 17 | €396,923 | €325,721 | -€71,203 | -17.9% |
| Financial debts | 170/4 | €396,923 | €325,721 | -€71,203 | -17.9% |
| Amounts payable within one year | 42/48 | €666,794 | €605,147 | -€61,647 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €69,091 | €74,108 | +€5,017 | +7.3% |
| Trade debts | 44 | €28,252 | €34,326 | +€6,075 | +21.5% |
| Suppliers | 440/4 | €28,252 | €34,326 | +€6,075 | +21.5% |
| Taxes, remuneration and social security | 45 | €53,795 | €7,490 | -€46,305 | -86.1% |
| Taxes | 450/3 | €53,795 | €7,490 | -€46,305 | -86.1% |
| Other amounts payable | 47/48 | €515,657 | €489,223 | -€26,434 | -5.1% |
| Non-recurring operating income | 76A | - | €25,419 | +€25,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,785 | €7,494 | -€4,291 | -36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,858 | €0 | -€24,858 | -100% |
| Other operating charges | 640/8 | €1,018 | €8 | -€1,011 | -99.2% |
| Non-recurring operating charges | 66A | - | €1,988 | +€1,988 | |
| Gross operating margin | 9900 | €297,257 | €145,414 | -€151,844 | -51.1% |
| Operating profit (loss) | 9901 | €259,595 | €135,924 | -€123,671 | -47.6% |
| Financial income | 75/76B | €4,220 | €569 | -€3,650 | -86.5% |
| Recurring financial income | 75 | €4,220 | €569 | -€3,650 | -86.5% |
| Financial charges | 65/66B | €4,935 | €14,200 | +€9,266 | +188% |
| Recurring financial charges | 65 | €4,935 | €14,200 | +€9,266 | +188% |
| Profit (loss) for the period before taxes | 9903 | €258,880 | €122,293 | -€136,587 | -52.8% |
| Income taxes | 67/77 | €49,701 | €26,067 | -€23,634 | -47.6% |
| Profit (loss) for the period | 9904 | €209,179 | €96,226 | -€112,953 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €209,179 | €96,226 | -€112,953 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.