2EM: 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.
2EM
Largest movements
- Receivables within one year +€12,100
up €12,100 (+121%), from €10,000 to €22,100
- Cash +€9,624
up €9,624 (+842%), from €1,143 to €10,766
mainly Net result for the year (+€20,617) and Tax, wage and social debts (+€8,918)
- Reserves +€20,617
up €20,617 (+2,273%), from €907 to €21,524
- Tax, wage and social debts +€8,918
up €8,918 (+1,013%), from €880 to €9,798
- Debts after one year -€7,731
down €7,731 (-38.1%), from €20,266 to €12,536
- Gross operating margin +€24,702
up €24,702 (+577%), from €4,282 to €28,984
- Taxes +€6,470
up €6,470 (+1,608%), from €402 to €6,872
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 | €43,143 | €64,866 | +€21,724 | +50.4% |
| Fixed assets | 21/28 | €32,000 | €32,000 | = | 0.0% |
| Financial fixed assets | 28 | €32,000 | €32,000 | = | 0.0% |
| Current assets | 29/58 | €11,143 | €32,866 | +€21,724 | +195% |
| Amounts receivable within one year | 40/41 | €10,000 | €22,100 | +€12,100 | +121% |
| Trade receivables | 40 | €10,000 | €22,100 | +€12,100 | +121% |
| Cash at bank and in hand | 54/58 | €1,143 | €10,766 | +€9,624 | +842% |
| Total equity and liabilities | 10/49 | €43,143 | €64,866 | +€21,724 | +50.4% |
| Equity | 10/15 | €20,907 | €41,524 | +€20,617 | +98.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €907 | €21,524 | +€20,617 | +2,273% |
| Distributable reserves | 133 | €907 | €21,524 | +€20,617 | +2,273% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €22,236 | €23,342 | +€1,107 | +5.0% |
| Amounts payable after more than one year | 17 | €20,266 | €12,536 | -€7,731 | -38.1% |
| Other amounts payable | 178/9 | €20,266 | €12,536 | -€7,731 | -38.1% |
| Amounts payable within one year | 42/48 | €1,969 | €10,807 | +€8,837 | +449% |
| Trade debts | 44 | - | €144 | +€144 | |
| Suppliers | 440/4 | - | €144 | +€144 | |
| Taxes, remuneration and social security | 45 | €880 | €9,798 | +€8,918 | +1,013% |
| Taxes | 450/3 | €880 | €9,798 | +€8,918 | +1,013% |
| Other amounts payable | 47/48 | €1,089 | €865 | -€224 | -20.6% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €4,282 | €28,984 | +€24,702 | +577% |
| Operating profit (loss) | 9901 | €4,218 | €28,919 | +€24,700 | +586% |
| Financial charges | 65/66B | €1,585 | €1,430 | -€155 | -9.8% |
| Recurring financial charges | 65 | €1,585 | €1,430 | -€155 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €2,634 | €27,489 | +€24,855 | +944% |
| Income taxes | 67/77 | €402 | €6,872 | +€6,470 | +1,608% |
| Profit (loss) for the period | 9904 | €2,231 | €20,617 | +€18,386 | +824% |
| Profit (loss) for the period to be appropriated | 9905 | €2,231 | €20,617 | +€18,386 | +824% |
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 24 October 2026 via checked.be.