L'ERMITAGE: 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.
L'ERMITAGE
Largest movements
- Receivables within one year -€5,012
down €5,012 (-97.6%), from €5,137 to €125
of which Trade receivables: -€5,066
- Tangible fixed assets -€2,735
down €2,735 (-7.0%), from €39,014 to €36,279
of which Land and buildings: -€4,498
- Cash +€1,235
up €1,235 (+282%), from €438 to €1,673
mainly Depreciation (+€6,258) and Receivables within one year (+€5,012)
- Other debts -€7,481
down €7,481 (-4.5%), from €167,139 to €159,658
- Profit (loss) carried forward +€1,667
up €1,667 (+1.1%), from -€146,374 to -€144,708
- Tax, wage and social debts -€1,618
down €1,618 (-100%), from €1,618 to €0
- Trade debts +€536
up €536 (+26.7%), from €2,006 to €2,543
- Gross operating margin -€10,341
down €10,341 (-51.1%), from €20,238 to €9,897
- Other operating charges +€490
up €490 (+49.9%), from €983 to €1,473
- Depreciation -€330
down €330 (-5.0%), from €6,589 to €6,258
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 | €45,469 | €38,574 | -€6,896 | -15.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €39,894 | €36,776 | -€3,119 | -7.8% |
| Intangible fixed assets | 21 | €880 | €497 | -€383 | -43.6% |
| Tangible fixed assets | 22/27 | €39,014 | €36,279 | -€2,735 | -7.0% |
| Land and buildings | 22 | €36,464 | €31,967 | -€4,498 | -12.3% |
| Plant, machinery and equipment | 23 | €0 | €2,716 | +€2,716 | |
| Furniture and vehicles | 24 | €2,550 | €1,596 | -€954 | -37.4% |
| Current assets | 29/58 | €5,575 | €1,798 | -€3,777 | -67.7% |
| Amounts receivable within one year | 40/41 | €5,137 | €125 | -€5,012 | -97.6% |
| Trade receivables | 40 | €5,066 | €0 | -€5,066 | -100% |
| Other amounts receivable | 41 | €71 | €125 | +€54 | +75.3% |
| Cash at bank and in hand | 54/58 | €438 | €1,673 | +€1,235 | +282% |
| Total equity and liabilities | 10/49 | €45,469 | €38,574 | -€6,896 | -15.2% |
| Equity | 10/15 | -€125,293 | -€123,627 | +€1,667 | +1.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €630 | €630 | = | 0.0% |
| Tax-exempt reserves | 132 | €630 | €630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,374 | -€144,708 | +€1,667 | +1.1% |
| Amounts payable | 17/49 | €170,763 | €162,201 | -€8,562 | -5.0% |
| Amounts payable within one year | 42/48 | €170,763 | €162,201 | -€8,562 | -5.0% |
| Trade debts | 44 | €2,006 | €2,543 | +€536 | +26.7% |
| Suppliers | 440/4 | €2,006 | €2,543 | +€536 | +26.7% |
| Taxes, remuneration and social security | 45 | €1,618 | €0 | -€1,618 | -100% |
| Taxes | 450/3 | €1,618 | €0 | -€1,618 | -100% |
| Other amounts payable | 47/48 | €167,139 | €159,658 | -€7,481 | -4.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,589 | €6,258 | -€330 | -5.0% |
| Other operating charges | 640/8 | €983 | €1,473 | +€490 | +49.9% |
| Gross operating margin | 9900 | €20,238 | €9,897 | -€10,341 | -51.1% |
| Operating profit (loss) | 9901 | €12,667 | €2,166 | -€10,501 | -82.9% |
| Financial income | 75/76B | €55 | €41 | -€14 | -25.5% |
| Recurring financial income | 75 | €55 | €41 | -€14 | -25.5% |
| Financial charges | 65/66B | €559 | €540 | -€19 | -3.4% |
| Recurring financial charges | 65 | €559 | €540 | -€19 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €12,162 | €1,667 | -€10,496 | -86.3% |
| Profit (loss) for the period | 9904 | €12,162 | €1,667 | -€10,496 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,162 | €1,667 | -€10,496 | -86.3% |
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 13 October 2026 via checked.be.