Emilie H: 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 H
Largest movements
- Cash +€6,378
up €6,378 (+35.7%), from €17,880 to €24,258
mainly Net result for the year (+€8,264) and Receivables within one year (+€2,585)
- Receivables within one year -€2,585
down €2,585 (-21.0%), from €12,289 to €9,704
of which Trade receivables: -€2,590
- Tangible fixed assets +€633
up €633 (+7.9%), from €8,018 to €8,651
of which Other tangible fixed assets: +€993
- Reserves +€5,834
up €5,834 (+38.7%), from €15,090 to €20,924
- Current portion of long-term debt -€1,938
no longer reported in 2025 (was €1,938)
- Tax, wage and social debts +€1,376
up €1,376 (+60.0%), from €2,294 to €3,671
- Other debts -€1,242
down €1,242 (-17.7%), from €7,000 to €5,758
- Trade debts +€440
up €440 (+3.6%), from €12,357 to €12,798
- Gross operating margin +€1,517
up €1,517 (+9.7%), from €15,692 to €17,209
- Taxes +€738
up €738 (+15.7%), from €4,711 to €5,448
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 | €39,180 | €43,650 | +€4,470 | +11.4% |
| Fixed assets | 21/28 | €8,018 | €8,651 | +€633 | +7.9% |
| Tangible fixed assets | 22/27 | €8,018 | €8,651 | +€633 | +7.9% |
| Furniture and vehicles | 24 | €360 | - | -€360 | |
| Other tangible fixed assets | 26 | €7,658 | €8,651 | +€993 | +13.0% |
| Current assets | 29/58 | €31,162 | €34,999 | +€3,838 | +12.3% |
| Stocks and contracts in progress | 3 | €515 | €515 | = | 0.0% |
| Stocks | 30/36 | €515 | €515 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,289 | €9,704 | -€2,585 | -21.0% |
| Trade receivables | 40 | €10,000 | €7,409 | -€2,590 | -25.9% |
| Other amounts receivable | 41 | €2,289 | €2,295 | +€6 | +0.2% |
| Cash at bank and in hand | 54/58 | €17,880 | €24,258 | +€6,378 | +35.7% |
| Deferred charges and accrued income | 490/1 | €477 | €522 | +€44 | +9.3% |
| Total equity and liabilities | 10/49 | €39,180 | €43,650 | +€4,470 | +11.4% |
| Equity | 10/15 | €15,090 | €20,924 | +€5,834 | +38.7% |
| Reserves | 13 | €15,090 | €20,924 | +€5,834 | +38.7% |
| Distributable reserves | 133 | €15,090 | €20,924 | +€5,834 | +38.7% |
| Amounts payable | 17/49 | €24,090 | €22,726 | -€1,363 | -5.7% |
| Amounts payable within one year | 42/48 | €23,590 | €22,226 | -€1,363 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €1,938 | - | -€1,938 | |
| Trade debts | 44 | €12,357 | €12,798 | +€440 | +3.6% |
| Suppliers | 440/4 | €12,357 | €12,798 | +€440 | +3.6% |
| Taxes, remuneration and social security | 45 | €2,294 | €3,671 | +€1,376 | +60.0% |
| Taxes | 450/3 | €2,294 | €3,671 | +€1,376 | +60.0% |
| Other amounts payable | 47/48 | €7,000 | €5,758 | -€1,242 | -17.7% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,662 | €1,604 | -€57 | -3.5% |
| Other operating charges | 640/8 | €452 | €501 | +€48 | +10.7% |
| Gross operating margin | 9900 | €15,692 | €17,209 | +€1,517 | +9.7% |
| Operating profit (loss) | 9901 | €13,578 | €15,104 | +€1,526 | +11.2% |
| Financial income | 75/76B | €136 | €71 | -€65 | -48.0% |
| Recurring financial income | 75 | €136 | €71 | -€65 | -48.0% |
| Financial charges | 65/66B | €1,505 | €1,463 | -€42 | -2.8% |
| Recurring financial charges | 65 | €1,505 | €1,463 | -€42 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €12,209 | €13,712 | +€1,503 | +12.3% |
| Income taxes | 67/77 | €4,711 | €5,448 | +€738 | +15.7% |
| Profit (loss) for the period | 9904 | €7,498 | €8,264 | +€765 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,498 | €8,264 | +€765 | +10.2% |
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 26 October 2026 via checked.be.