Ernst M.: 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 M.
Largest movements
- Receivables after one year +€48,000
new in 2025: €48,000
- Cash +€27,203
up €27,203 (+168334.8%), from €16 to €27,219
mainly Net result for the year (+€86,604) and Trade debts (+€1,412)
- Receivables within one year +€2,518
new in 2025: €2,518
- Tangible fixed assets +€1,121
new in 2025: €1,121
- Profit (loss) carried forward +€85,771
up €85,771, from -€9,310 to €76,461
- Tax, wage and social debts -€6,701
down €6,701 (-97.6%), from €6,863 to €161
of which Remuneration and social security: -€4,100
- Other debts -€1,586
down €1,586 (-65.6%), from €2,419 to €833
- Trade debts +€1,412
up €1,412 (+470.5%), from €300 to €1,712
- Gross operating margin +€116,169
up €116,169, from -€9,234 to €106,936
- Taxes +€21,116
up €21,116 (+119979.5%), from €18 to €21,134
- Financial income +€1,244
new in 2025: €1,244
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 | €772 | €79,667 | +€78,895 | +10217.7% |
| Fixed assets | 21/28 | - | €1,121 | +€1,121 | |
| Tangible fixed assets | 22/27 | - | €1,121 | +€1,121 | |
| Furniture and vehicles | 24 | - | €1,121 | +€1,121 | |
| Current assets | 29/58 | €772 | €78,547 | +€77,774 | +10072.6% |
| Amounts receivable after more than one year | 29 | - | €48,000 | +€48,000 | |
| Other amounts receivable | 291 | - | €48,000 | +€48,000 | |
| Amounts receivable within one year | 40/41 | - | €2,518 | +€2,518 | |
| Other amounts receivable | 41 | - | €2,518 | +€2,518 | |
| Cash at bank and in hand | 54/58 | €16 | €27,219 | +€27,203 | +168334.8% |
| Deferred charges and accrued income | 490/1 | €756 | €809 | +€53 | +7.0% |
| Total equity and liabilities | 10/49 | €772 | €79,667 | +€78,895 | +10217.7% |
| Equity | 10/15 | -€8,810 | €76,961 | +€85,771 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,310 | €76,461 | +€85,771 | |
| Amounts payable | 17/49 | €9,582 | €2,706 | -€6,876 | -71.8% |
| Amounts payable within one year | 42/48 | €9,582 | €2,706 | -€6,876 | -71.8% |
| Trade debts | 44 | €300 | €1,712 | +€1,412 | +470.5% |
| Suppliers | 440/4 | €300 | €1,712 | +€1,412 | +470.5% |
| Taxes, remuneration and social security | 45 | €6,863 | €161 | -€6,701 | -97.6% |
| Taxes | 450/3 | €2,763 | €161 | -€2,601 | -94.2% |
| Remuneration and social security | 454/9 | €4,100 | - | -€4,100 | |
| Other amounts payable | 47/48 | €2,419 | €833 | -€1,586 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €347 | +€347 | |
| Gross operating margin | 9900 | -€9,234 | €106,936 | +€116,169 | |
| Operating profit (loss) | 9901 | -€9,234 | €106,588 | +€115,822 | |
| Financial income | 75/76B | - | €1,244 | +€1,244 | |
| Recurring financial income | 75 | - | €1,244 | +€1,244 | |
| Financial charges | 65/66B | €59 | €95 | +€36 | +61.7% |
| Recurring financial charges | 65 | €59 | €95 | +€36 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,292 | €107,738 | +€117,030 | |
| Income taxes | 67/77 | €18 | €21,134 | +€21,116 | +119979.5% |
| Profit (loss) for the period | 9904 | -€9,310 | €86,604 | +€95,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,310 | €86,604 | +€95,914 |
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 9 October 2026 via checked.be.