Emilie Dequeker: 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.
Emilie Dequeker
Largest movements
- Cash -€23,207
down €23,207 (-48.2%), from €48,127 to €24,921
mainly Net result for the year (-€13,970) and Tax, wage and social debts (-€9,105)
- Receivables within one year +€1,746
up €1,746 (+207%), from €843 to €2,589
of which Trade receivables: +€1,724
- Profit (loss) carried forward -€13,970
down €13,970 (-38.6%), from €36,200 to €22,229
- Tax, wage and social debts -€9,105
down €9,105 (-75.4%), from €12,073 to €2,967
of which Taxes: -€9,105
- Trade debts +€831
up €831 (+239%), from €348 to €1,179
- Gross operating margin -€58,875
down €58,875, from €45,820 to -€13,055
- Taxes -€9,278
no longer reported in 2025 (was €9,278)
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 | €51,151 | €29,008 | -€22,143 | -43.3% |
| Fixed assets | 21/28 | €2,103 | €1,467 | -€636 | -30.3% |
| Intangible fixed assets | 21 | €1,147 | €901 | -€246 | -21.4% |
| Tangible fixed assets | 22/27 | €956 | €566 | -€390 | -40.8% |
| Plant, machinery and equipment | 23 | €956 | €566 | -€390 | -40.8% |
| Current assets | 29/58 | €49,048 | €27,541 | -€21,507 | -43.8% |
| Amounts receivable within one year | 40/41 | €843 | €2,589 | +€1,746 | +207% |
| Trade receivables | 40 | €726 | €2,450 | +€1,724 | +238% |
| Other amounts receivable | 41 | €117 | €139 | +€22 | +18.7% |
| Cash at bank and in hand | 54/58 | €48,127 | €24,921 | -€23,207 | -48.2% |
| Deferred charges and accrued income | 490/1 | €78 | €32 | -€46 | -59.4% |
| Total equity and liabilities | 10/49 | €51,151 | €29,008 | -€22,143 | -43.3% |
| Equity | 10/15 | €38,700 | €24,729 | -€13,970 | -36.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,200 | €22,229 | -€13,970 | -38.6% |
| Amounts payable | 17/49 | €12,452 | €4,279 | -€8,173 | -65.6% |
| Amounts payable within one year | 42/48 | €12,452 | €4,279 | -€8,173 | -65.6% |
| Trade debts | 44 | €348 | €1,179 | +€831 | +239% |
| Suppliers | 440/4 | €348 | €1,179 | +€831 | +239% |
| Taxes, remuneration and social security | 45 | €12,073 | €2,967 | -€9,105 | -75.4% |
| Taxes | 450/3 | €10,323 | €1,217 | -€9,105 | -88.2% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €31 | €132 | +€101 | +323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €636 | +€339 | +114% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €45,820 | -€13,055 | -€58,875 | |
| Operating profit (loss) | 9901 | €45,523 | -€13,791 | -€59,314 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €45 | €179 | +€134 | +298% |
| Recurring financial charges | 65 | €45 | €179 | +€134 | +298% |
| Profit (loss) for the period before taxes | 9903 | €45,478 | -€13,970 | -€59,448 | |
| Income taxes | 67/77 | €9,278 | - | -€9,278 | |
| Profit (loss) for the period | 9904 | €36,200 | -€13,970 | -€50,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,200 | -€13,970 | -€50,170 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.