E&M Advisory: 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.
E&M Advisory
Largest movements
- Cash +€20,340
up €20,340 (+1402.7%), from €1,450 to €21,790
mainly Net result for the year (+€32,908) and Tax, wage and social debts (+€9,673)
- Tangible fixed assets +€17,068
new in 2025: €17,068
of which Other tangible fixed assets: +€16,428
- Receivables within one year +€7,245
new in 2025: €7,245
- Profit (loss) carried forward +€32,908
up €32,908, from -€50 to €32,858
- Tax, wage and social debts +€9,673
new in 2025: €9,673
- Trade debts +€2,270
new in 2025: €2,270
- Gross operating margin +€46,116
new in 2025: €46,116
- Taxes +€9,541
new in 2025: €9,541
- Financial charges +€1,729
up €1,729 (+3457.9%), from €50 to €1,779
- Depreciation +€1,276
new in 2025: €1,276
- Other operating charges +€611
new in 2025: €611
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 | €1,450 | €46,301 | +€44,851 | +3093.2% |
| Fixed assets | 21/28 | - | €17,068 | +€17,068 | |
| Tangible fixed assets | 22/27 | - | €17,068 | +€17,068 | |
| Furniture and vehicles | 24 | - | €640 | +€640 | |
| Other tangible fixed assets | 26 | - | €16,428 | +€16,428 | |
| Current assets | 29/58 | €1,450 | €29,233 | +€27,783 | +1916.1% |
| Amounts receivable within one year | 40/41 | - | €7,245 | +€7,245 | |
| Trade receivables | 40 | - | €7,245 | +€7,245 | |
| Cash at bank and in hand | 54/58 | €1,450 | €21,790 | +€20,340 | +1402.7% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €1,450 | €46,301 | +€44,851 | +3093.2% |
| Equity | 10/15 | €1,450 | €34,358 | +€32,908 | +2269.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50 | €32,858 | +€32,908 | |
| Amounts payable | 17/49 | - | €11,943 | +€11,943 | |
| Amounts payable within one year | 42/48 | - | €11,943 | +€11,943 | |
| Trade debts | 44 | - | €2,270 | +€2,270 | |
| Suppliers | 440/4 | - | €2,270 | +€2,270 | |
| Taxes, remuneration and social security | 45 | - | €9,673 | +€9,673 | |
| Taxes | 450/3 | - | €9,673 | +€9,673 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,276 | +€1,276 | |
| Other operating charges | 640/8 | - | €611 | +€611 | |
| Gross operating margin | 9900 | - | €46,116 | +€46,116 | |
| Operating profit (loss) | 9901 | - | €44,229 | +€44,229 | |
| Financial charges | 65/66B | €50 | €1,779 | +€1,729 | +3457.9% |
| Recurring financial charges | 65 | €50 | €1,779 | +€1,729 | +3457.9% |
| Profit (loss) for the period before taxes | 9903 | -€50 | €42,450 | +€42,500 | |
| Income taxes | 67/77 | - | €9,541 | +€9,541 | |
| Profit (loss) for the period | 9904 | -€50 | €32,908 | +€32,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50 | €32,908 | +€32,958 |
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 3 October 2026 via checked.be.