EMERGENCE BY EM: 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.
EMERGENCE BY EM
Largest movements
- Receivables within one year +€59,120
up €59,120 (+542%), from €10,915 to €70,035
of which Other amounts receivable: +€45,894
- Cash +€2,253
up €2,253 (+17.5%), from €12,850 to €15,103
mainly Net result for the year (+€57,646) and Tax, wage and social debts (+€10,648)
- Tangible fixed assets +€1,648
new in 2025: €1,648
- Profit (loss) carried forward +€57,646
up €57,646 (+1,573%), from €3,666 to €61,311
- Tax, wage and social debts +€10,648
up €10,648 (+89.1%), from €11,954 to €22,603
of which Taxes: +€14,477
- Other debts -€4,911
no longer reported in 2025 (was €4,911)
- Gross operating margin +€68,386
up €68,386 (+1,189%), from €5,753 to €74,139
- Taxes +€13,926
up €13,926 (+1,259%), from €1,106 to €15,032
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 | €24,269 | €86,881 | +€62,612 | +258% |
| Formation expenses | 20 | €503 | €0 | -€503 | -100% |
| Fixed assets | 21/28 | - | €1,648 | +€1,648 | |
| Tangible fixed assets | 22/27 | - | €1,648 | +€1,648 | |
| Furniture and vehicles | 24 | - | €1,648 | +€1,648 | |
| Current assets | 29/58 | €23,765 | €85,233 | +€61,468 | +259% |
| Amounts receivable within one year | 40/41 | €10,915 | €70,035 | +€59,120 | +542% |
| Trade receivables | 40 | €10,915 | €24,141 | +€13,226 | +121% |
| Other amounts receivable | 41 | - | €45,894 | +€45,894 | |
| Cash at bank and in hand | 54/58 | €12,850 | €15,103 | +€2,253 | +17.5% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €24,269 | €86,881 | +€62,612 | +258% |
| Equity | 10/15 | €6,166 | €63,811 | +€57,646 | +935% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,666 | €61,311 | +€57,646 | +1,573% |
| Amounts payable | 17/49 | €18,103 | €23,070 | +€4,967 | +27.4% |
| Amounts payable within one year | 42/48 | €17,207 | €22,603 | +€5,396 | +31.4% |
| Trade debts | 44 | €341 | - | -€341 | |
| Suppliers | 440/4 | €341 | - | -€341 | |
| Taxes, remuneration and social security | 45 | €11,954 | €22,603 | +€10,648 | +89.1% |
| Taxes | 450/3 | €8,126 | €22,603 | +€14,477 | +178% |
| Remuneration and social security | 454/9 | €3,829 | - | -€3,829 | |
| Other amounts payable | 47/48 | €4,911 | - | -€4,911 | |
| Accrued charges and deferred income | 492/3 | €896 | €467 | -€429 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €1,108 | +€564 | +104% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €5,753 | €74,139 | +€68,386 | +1,189% |
| Operating profit (loss) | 9901 | €4,772 | €72,631 | +€67,860 | +1,422% |
| Financial income | 75/76B | €0 | €140 | +€140 | +1,395,300% |
| Recurring financial income | 75 | €0 | €140 | +€140 | +1,395,300% |
| Financial charges | 65/66B | €0 | €93 | +€93 | +61,827% |
| Recurring financial charges | 65 | €0 | €93 | +€93 | +61,827% |
| Profit (loss) for the period before taxes | 9903 | €4,772 | €72,678 | +€67,906 | +1,423% |
| Income taxes | 67/77 | €1,106 | €15,032 | +€13,926 | +1,259% |
| Profit (loss) for the period | 9904 | €3,666 | €57,646 | +€53,980 | +1,473% |
| Profit (loss) for the period to be appropriated | 9905 | €3,666 | €57,646 | +€53,980 | +1,473% |
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 17 October 2026 via checked.be.