E-MANAGEMENT 61: 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.
E-MANAGEMENT 61
Largest movements
- Receivables within one year -€38,787
down €38,787 (-75.7%), from €51,234 to €12,447
of which Trade receivables: -€26,677
- Cash -€31,521
down €31,521 (-11.4%), from €277,698 to €246,177
mainly Contributions, distributions and other (-€117,647) and Net result for the year (-€59,772)
- Profit (loss) carried forward -€177,419
down €177,419 (-56.6%), from €313,309 to €135,890
- Other debts +€101,446
new in 2025: €101,446
- Tax, wage and social debts +€14,121
up €14,121 (+74.0%), from €19,074 to €33,195
of which Taxes: +€17,621
- Trade debts -€13,526
down €13,526 (-87.6%), from €15,440 to €1,914
- Gross operating margin -€109,609
down €109,609, from €56,342 to -€53,266
- Taxes -€6,848
down €6,848 (-100.0%), from €6,848 to €0
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 | €351,123 | €275,745 | -€75,377 | -21.5% |
| Formation expenses | 20 | €395 | €204 | -€192 | -48.5% |
| Fixed assets | 21/28 | €9,279 | €7,712 | -€1,567 | -16.9% |
| Tangible fixed assets | 22/27 | €9,279 | €7,712 | -€1,567 | -16.9% |
| Plant, machinery and equipment | 23 | €3,842 | €3,830 | -€12 | -0.3% |
| Furniture and vehicles | 24 | €5,437 | €3,882 | -€1,555 | -28.6% |
| Current assets | 29/58 | €341,449 | €267,830 | -€73,619 | -21.6% |
| Amounts receivable within one year | 40/41 | €51,234 | €12,447 | -€38,787 | -75.7% |
| Trade receivables | 40 | €26,677 | - | -€26,677 | |
| Other amounts receivable | 41 | €24,557 | €12,447 | -€12,110 | -49.3% |
| Cash at bank and in hand | 54/58 | €277,698 | €246,177 | -€31,521 | -11.4% |
| Deferred charges and accrued income | 490/1 | €12,516 | €9,206 | -€3,310 | -26.4% |
| Total equity and liabilities | 10/49 | €351,123 | €275,745 | -€75,377 | -21.5% |
| Equity | 10/15 | €316,609 | €139,190 | -€177,419 | -56.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,309 | €135,890 | -€177,419 | -56.6% |
| Amounts payable | 17/49 | €34,514 | €136,555 | +€102,042 | +296% |
| Amounts payable within one year | 42/48 | €34,514 | €136,555 | +€102,042 | +296% |
| Trade debts | 44 | €15,440 | €1,914 | -€13,526 | -87.6% |
| Suppliers | 440/4 | €15,440 | €1,914 | -€13,526 | -87.6% |
| Taxes, remuneration and social security | 45 | €19,074 | €33,195 | +€14,121 | +74.0% |
| Taxes | 450/3 | €13,074 | €30,695 | +€17,621 | +135% |
| Remuneration and social security | 454/9 | €6,000 | €2,500 | -€3,500 | -58.3% |
| Other amounts payable | 47/48 | - | €101,446 | +€101,446 | |
| Non-recurring operating income | 76A | - | €2,561 | +€2,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,766 | €3,748 | -€18 | -0.5% |
| Other operating charges | 640/8 | €1,460 | €1,641 | +€181 | +12.4% |
| Non-recurring operating charges | 66A | €547 | €88 | -€459 | -83.8% |
| Gross operating margin | 9900 | €56,342 | -€53,266 | -€109,609 | |
| Operating profit (loss) | 9901 | €50,569 | -€58,744 | -€109,313 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -94.8% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -94.8% |
| Financial charges | 65/66B | €1,121 | €1,028 | -€93 | -8.3% |
| Recurring financial charges | 65 | €1,121 | €1,028 | -€93 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €49,451 | -€59,772 | -€109,223 | |
| Income taxes | 67/77 | €6,848 | €0 | -€6,848 | -100.0% |
| Profit (loss) for the period | 9904 | €42,603 | -€59,772 | -€102,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,603 | -€59,772 | -€102,375 |
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.