Ernst@Work: what changed
Two fiscal 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@Work
Largest movements
- Financial fixed assets -€58,210
down €58,210 (-68.7%), from €84,735 to €26,525
- Intangible fixed assets +€34,185
new in 2025: €34,185
- Tangible fixed assets +€27,859
up €27,859 (+155.6%), from €17,899 to €45,759
of which Plant, machinery and equipment: +€15,633
- Cash +€26,010
up €26,010 (+70.6%), from €36,857 to €62,867
mainly Depreciation (+€20,644) and Net result for the year (+€20,091)
- Deferred charges and accrued income -€17,678
down €17,678 (-87.3%), from €20,253 to €2,575
- Reserves +€22,000
up €22,000 (+40.7%), from €54,000 to €76,000
- Accrued charges and deferred income +€12,441
up €12,441, from €0 to €12,441
- Debts after one year -€11,632
down €11,632 (-62.7%), from €18,565 to €6,933
- Tax, wage and social debts -€6,224
down €6,224 (-12.3%), from €50,717 to €44,492
of which Taxes: -€5,371
- Trade debts -€5,101
down €5,101 (-34.3%), from €14,882 to €9,782
- Gross operating margin +€54,168
up €54,168 (+36.1%), from €150,199 to €204,367
- Depreciation +€17,222
up €17,222 (+503.3%), from €3,422 to €20,644
- Staff costs +€14,434
up €14,434 (+10.7%), from €134,769 to €149,203
- Taxes +€3,145
up €3,145 (+121.7%), from €2,585 to €5,730
- Financial charges +€2,464
up €2,464 (+77.3%), from €3,186 to €5,651
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 | €185,575 | €196,617 | +€11,042 | +6.0% |
| Fixed assets | 21/28 | €102,634 | €106,468 | +€3,834 | +3.7% |
| Intangible fixed assets | 21 | - | €34,185 | +€34,185 | |
| Tangible fixed assets | 22/27 | €17,899 | €45,759 | +€27,859 | +155.6% |
| Plant, machinery and equipment | 23 | €3,167 | €18,800 | +€15,633 | +493.6% |
| Furniture and vehicles | 24 | €14,732 | €22,311 | +€7,579 | +51.4% |
| Other tangible fixed assets | 26 | - | €4,647 | +€4,647 | |
| Financial fixed assets | 28 | €84,735 | €26,525 | -€58,210 | -68.7% |
| Current assets | 29/58 | €82,940 | €90,149 | +€7,208 | +8.7% |
| Stocks and contracts in progress | 3 | - | €970 | +€970 | |
| Stocks | 30/36 | - | €970 | +€970 | |
| Amounts receivable within one year | 40/41 | €25,830 | €23,736 | -€2,094 | -8.1% |
| Trade receivables | 40 | €17,735 | €20,187 | +€2,452 | +13.8% |
| Other amounts receivable | 41 | €8,095 | €3,549 | -€4,546 | -56.2% |
| Cash at bank and in hand | 54/58 | €36,857 | €62,867 | +€26,010 | +70.6% |
| Deferred charges and accrued income | 490/1 | €20,253 | €2,575 | -€17,678 | -87.3% |
| Total equity and liabilities | 10/49 | €185,575 | €196,617 | +€11,042 | +6.0% |
| Equity | 10/15 | €68,729 | €88,821 | +€20,091 | +29.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €76,000 | +€22,000 | +40.7% |
| Distributable reserves | 133 | €54,000 | €76,000 | +€22,000 | +40.7% |
| Profit (loss) carried forward | 14 | €2,729 | €821 | -€1,909 | -69.9% |
| Amounts payable | 17/49 | €116,845 | €107,796 | -€9,049 | -7.7% |
| Amounts payable after more than one year | 17 | €18,565 | €6,933 | -€11,632 | -62.7% |
| Financial debts | 170/4 | €18,565 | €6,933 | -€11,632 | -62.7% |
| Amounts payable within one year | 42/48 | €98,280 | €88,422 | -€9,858 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €11,319 | €11,632 | +€313 | +2.8% |
| Trade debts | 44 | €14,882 | €9,782 | -€5,101 | -34.3% |
| Suppliers | 440/4 | €14,882 | €9,782 | -€5,101 | -34.3% |
| Taxes, remuneration and social security | 45 | €50,717 | €44,492 | -€6,224 | -12.3% |
| Taxes | 450/3 | €25,548 | €20,177 | -€5,371 | -21.0% |
| Remuneration and social security | 454/9 | €25,169 | €24,315 | -€853 | -3.4% |
| Other amounts payable | 47/48 | €21,362 | €22,516 | +€1,154 | +5.4% |
| Accrued charges and deferred income | 492/3 | €0 | €12,441 | +€12,441 | |
| Remuneration, social security and pensions | 62 | €134,769 | €149,203 | +€14,434 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,422 | €20,644 | +€17,222 | +503.3% |
| Other operating charges | 640/8 | €3,736 | €3,172 | -€564 | -15.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €150,199 | €204,367 | +€54,168 | +36.1% |
| Operating profit (loss) | 9901 | €8,271 | €31,347 | +€23,076 | +279.0% |
| Financial income | 75/76B | €138 | €125 | -€13 | -9.5% |
| Recurring financial income | 75 | €138 | €125 | -€13 | -9.5% |
| Financial charges | 65/66B | €3,186 | €5,651 | +€2,464 | +77.3% |
| Recurring financial charges | 65 | €3,186 | €5,651 | +€2,464 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €5,222 | €25,821 | +€20,599 | +394.4% |
| Income taxes | 67/77 | €2,585 | €5,730 | +€3,145 | +121.7% |
| Profit (loss) for the period | 9904 | €2,638 | €20,091 | +€17,454 | +661.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | €20,091 | +€17,454 | +661.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.