Just Ernest: 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.
Just Ernest
Largest movements
- Receivables within one year -€11,887
down €11,887 (-43.0%), from €27,633 to €15,746
- Cash +€11,338
up €11,338 (+57.7%), from €19,666 to €31,004
mainly Net result for the year (+€49,510) and Receivables within one year (+€11,887)
- Tangible fixed assets -€9,363
down €9,363 (-38.3%), from €24,419 to €15,056
of which Furniture and vehicles: -€8,943
- Deferred charges and accrued income -€1,524
down €1,524 (-45.5%), from €3,352 to €1,829
- Profit (loss) carried forward +€49,510
up €49,510, from -€12,778 to €36,733
- Debts after one year -€37,998
down €37,998 (-81.2%), from €46,803 to €8,805
- Other debts -€20,298
down €20,298 (-100%), from €20,298 to €0
- Trade debts -€9,492
down €9,492 (-68.6%), from €13,841 to €4,348
- Tax, wage and social debts +€6,842
up €6,842 (+193%), from €3,539 to €10,381
- Gross operating margin +€51,317
up €51,317 (+279%), from €18,386 to €69,703
- Taxes +€13,893
up €13,893 (+10,836%), from €128 to €14,022
- Depreciation -€5,926
down €5,926 (-62.2%), from €9,524 to €3,598
- Other operating charges +€965
up €965 (+72.2%), from €1,336 to €2,301
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 | €75,070 | €63,634 | -€11,436 | -15.2% |
| Fixed assets | 21/28 | €24,419 | €15,056 | -€9,363 | -38.3% |
| Tangible fixed assets | 22/27 | €24,419 | €15,056 | -€9,363 | -38.3% |
| Plant, machinery and equipment | 23 | - | €1,355 | +€1,355 | |
| Furniture and vehicles | 24 | €9,928 | €986 | -€8,943 | -90.1% |
| Other tangible fixed assets | 26 | €14,491 | €12,715 | -€1,775 | -12.3% |
| Current assets | 29/58 | €50,651 | €48,578 | -€2,073 | -4.1% |
| Amounts receivable within one year | 40/41 | €27,633 | €15,746 | -€11,887 | -43.0% |
| Trade receivables | 40 | €27,633 | €15,746 | -€11,887 | -43.0% |
| Cash at bank and in hand | 54/58 | €19,666 | €31,004 | +€11,338 | +57.7% |
| Deferred charges and accrued income | 490/1 | €3,352 | €1,829 | -€1,524 | -45.5% |
| Total equity and liabilities | 10/49 | €75,070 | €63,634 | -€11,436 | -15.2% |
| Equity | 10/15 | -€10,278 | €39,233 | +€49,510 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,778 | €36,733 | +€49,510 | |
| Amounts payable | 17/49 | €85,348 | €24,402 | -€60,946 | -71.4% |
| Amounts payable after more than one year | 17 | €46,803 | €8,805 | -€37,998 | -81.2% |
| Financial debts | 170/4 | €46,803 | €8,805 | -€37,998 | -81.2% |
| Amounts payable within one year | 42/48 | €37,677 | €14,729 | -€22,948 | -60.9% |
| Trade debts | 44 | €13,841 | €4,348 | -€9,492 | -68.6% |
| Suppliers | 440/4 | €13,841 | €4,348 | -€9,492 | -68.6% |
| Taxes, remuneration and social security | 45 | €3,539 | €10,381 | +€6,842 | +193% |
| Taxes | 450/3 | €3,539 | €10,381 | +€6,842 | +193% |
| Other amounts payable | 47/48 | €20,298 | €0 | -€20,298 | -100% |
| Accrued charges and deferred income | 492/3 | €867 | €867 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,524 | €3,598 | -€5,926 | -62.2% |
| Other operating charges | 640/8 | €1,336 | €2,301 | +€965 | +72.2% |
| Non-recurring operating charges | 66A | €182 | €0 | -€182 | -100% |
| Gross operating margin | 9900 | €18,386 | €69,703 | +€51,317 | +279% |
| Operating profit (loss) | 9901 | €7,344 | €63,805 | +€56,461 | +769% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €711 | €273 | -€438 | -61.7% |
| Recurring financial charges | 65 | €711 | €273 | -€438 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €6,633 | €63,532 | +€56,899 | +858% |
| Income taxes | 67/77 | €128 | €14,022 | +€13,893 | +10,836% |
| Profit (loss) for the period | 9904 | €6,505 | €49,510 | +€43,006 | +661% |
| Profit (loss) for the period to be appropriated | 9905 | €6,505 | €49,510 | +€43,006 | +661% |
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 13 October 2026 via checked.be.