IMMO ERNST: 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.
IMMO ERNST
Largest movements
- Tangible fixed assets -€7,565
down €7,565 (-4.4%), from €173,001 to €165,435
- Profit (loss) carried forward -€5,045
down €5,045 (-66.5%), from -€7,590 to -€12,635
- Other debts -€2,559
down €2,559 (-11.8%), from €21,749 to €19,190
- Financial charges -€720
down €720 (-32.5%), from €2,212 to €1,492
- Gross operating margin -€313
down €313 (-5.3%), from €5,943 to €5,630
- Depreciation +€76
up €76 (+1.0%), from €7,490 to €7,565
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 | €179,617 | €172,438 | -€7,180 | -4.0% |
| Fixed assets | 21/28 | €173,019 | €165,454 | -€7,565 | -4.4% |
| Tangible fixed assets | 22/27 | €173,001 | €165,435 | -€7,565 | -4.4% |
| Land and buildings | 22 | €173,001 | €165,435 | -€7,565 | -4.4% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €6,598 | €6,984 | +€386 | +5.8% |
| Cash at bank and in hand | 54/58 | €6,254 | €6,633 | +€380 | +6.1% |
| Deferred charges and accrued income | 490/1 | €344 | €350 | +€6 | +1.7% |
| Total equity and liabilities | 10/49 | €179,617 | €172,438 | -€7,180 | -4.0% |
| Equity | 10/15 | €156,718 | €151,673 | -€5,045 | -3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €102,808 | €102,808 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,700 | €29,700 | = | 0.0% |
| Legal reserve | 130 | €29,700 | €29,700 | = | 0.0% |
| Distributable reserves | 133 | €73,108 | €73,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,590 | -€12,635 | -€5,045 | -66.5% |
| Amounts payable | 17/49 | €22,899 | €20,764 | -€2,135 | -9.3% |
| Amounts payable within one year | 42/48 | €22,899 | €20,764 | -€2,135 | -9.3% |
| Taxes, remuneration and social security | 45 | €1,150 | €1,574 | +€424 | +36.9% |
| Taxes | 450/3 | €1,150 | €1,574 | +€424 | +36.9% |
| Other amounts payable | 47/48 | €21,749 | €19,190 | -€2,559 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,490 | €7,565 | +€76 | +1.0% |
| Other operating charges | 640/8 | €1,570 | €1,617 | +€48 | +3.0% |
| Gross operating margin | 9900 | €5,943 | €5,630 | -€313 | -5.3% |
| Operating profit (loss) | 9901 | -€3,117 | -€3,553 | -€436 | -14.0% |
| Financial charges | 65/66B | €2,212 | €1,492 | -€720 | -32.5% |
| Recurring financial charges | 65 | €2,212 | €1,492 | -€720 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,328 | -€5,045 | +€283 | +5.3% |
| Profit (loss) for the period | 9904 | -€5,328 | -€5,045 | +€283 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,328 | -€5,045 | +€283 | +5.3% |
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 25 October 2026 via checked.be.