EM CONSEIL: 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.
EM CONSEIL
Largest movements
- Receivables after one year +€86,150
up €86,150 (+176.2%), from €48,900 to €135,050
- Receivables within one year +€14,931
up €14,931 (+7411.2%), from €201 to €15,132
of which Trade receivables: +€14,700
- Cash -€6,311
no longer reported in 2025 (was €6,311)
mainly Contributions, distributions and other (-€109,496) and Receivables after one year (-€86,150)
- Deferred charges and accrued income -€1,743
no longer reported in 2025 (was €1,743)
- Other debts +€105,874
up €105,874 (+2554.1%), from €4,145 to €110,019
- Profit (loss) carried forward -€37,493
no longer reported in 2025 (was €37,493)
- Tax, wage and social debts +€26,704
up €26,704 (+390.9%), from €6,831 to €33,535
- Trade debts -€2,807
down €2,807 (-49.8%), from €5,637 to €2,830
- Gross operating margin +€73,022
up €73,022 (+322.4%), from €22,653 to €95,675
- Taxes +€23,793
up €23,793 (+487.3%), from €4,883 to €28,676
- Financial income +€4,064
up €4,064 (+232.8%), from €1,745 to €5,809
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 | €57,155 | €150,182 | +€93,027 | +162.8% |
| Current assets | 29/58 | €57,155 | €150,182 | +€93,027 | +162.8% |
| Amounts receivable after more than one year | 29 | €48,900 | €135,050 | +€86,150 | +176.2% |
| Other amounts receivable | 291 | €48,900 | €135,050 | +€86,150 | +176.2% |
| Amounts receivable within one year | 40/41 | €201 | €15,132 | +€14,931 | +7411.2% |
| Trade receivables | 40 | - | €14,700 | +€14,700 | |
| Other amounts receivable | 41 | €201 | €432 | +€231 | +114.5% |
| Cash at bank and in hand | 54/58 | €6,311 | - | -€6,311 | |
| Deferred charges and accrued income | 490/1 | €1,743 | - | -€1,743 | |
| Total equity and liabilities | 10/49 | €57,155 | €150,182 | +€93,027 | +162.8% |
| Equity | 10/15 | €40,493 | €3,000 | -€37,493 | -92.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,493 | - | -€37,493 | |
| Amounts payable | 17/49 | €16,661 | €147,182 | +€130,521 | +783.4% |
| Amounts payable within one year | 42/48 | €16,613 | €147,182 | +€130,569 | +786.0% |
| Financial debts | 43 | - | €798 | +€798 | |
| Credit institutions | 430/8 | - | €798 | +€798 | |
| Trade debts | 44 | €5,637 | €2,830 | -€2,807 | -49.8% |
| Suppliers | 440/4 | €5,637 | €2,830 | -€2,807 | -49.8% |
| Taxes, remuneration and social security | 45 | €6,831 | €33,535 | +€26,704 | +390.9% |
| Taxes | 450/3 | €6,831 | €33,535 | +€26,704 | +390.9% |
| Other amounts payable | 47/48 | €4,145 | €110,019 | +€105,874 | +2554.1% |
| Accrued charges and deferred income | 492/3 | €49 | - | -€49 | |
| Other operating charges | 640/8 | €387 | €460 | +€73 | +18.7% |
| Gross operating margin | 9900 | €22,653 | €95,675 | +€73,022 | +322.4% |
| Operating profit (loss) | 9901 | €22,265 | €95,215 | +€72,949 | +327.6% |
| Financial income | 75/76B | €1,745 | €5,809 | +€4,064 | +232.8% |
| Recurring financial income | 75 | €1,745 | €5,809 | +€4,064 | +232.8% |
| Financial charges | 65/66B | €452 | €346 | -€107 | -23.6% |
| Recurring financial charges | 65 | €452 | €346 | -€107 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €23,558 | €100,678 | +€77,120 | +327.4% |
| Income taxes | 67/77 | €4,883 | €28,676 | +€23,793 | +487.3% |
| Profit (loss) for the period | 9904 | €18,675 | €72,003 | +€53,327 | +285.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,675 | €72,003 | +€53,327 | +285.5% |
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 10 October 2026 via checked.be.