Emilie Ickroth: 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 Ickroth
Largest movements
- Tangible fixed assets +€19,017
up €19,017 (+873%), from €2,178 to €21,194
of which Furniture and vehicles: +€11,786
- Cash +€11,446
up €11,446 (+44.5%), from €25,721 to €37,167
mainly Net result for the year (+€28,081) and Tax, wage and social debts (+€9,757)
- Receivables within one year +€8,184
up €8,184 (+566%), from €1,445 to €9,628
- Reserves +€28,081
up €28,081 (+678%), from €4,139 to €32,220
- Tax, wage and social debts +€9,757
up €9,757 (+234%), from €4,162 to €13,919
- Trade debts +€1,683
new in 2025: €1,683
- Other debts -€870
down €870 (-11.7%), from €7,444 to €6,574
- Gross operating margin +€39,279
up €39,279 (+543%), from €7,231 to €46,509
- Taxes +€9,961
up €9,961 (+485%), from €2,055 to €12,016
- Depreciation +€2,897
up €2,897 (+2,792%), from €104 to €3,001
- Financial charges +€2,360
up €2,360 (+253%), from €932 to €3,292
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 | €30,746 | €69,396 | +€38,651 | +126% |
| Fixed assets | 21/28 | €2,178 | €21,194 | +€19,017 | +873% |
| Tangible fixed assets | 22/27 | €2,178 | €21,194 | +€19,017 | +873% |
| Plant, machinery and equipment | 23 | - | €7,230 | +€7,230 | |
| Furniture and vehicles | 24 | €2,178 | €13,964 | +€11,786 | +541% |
| Current assets | 29/58 | €28,568 | €48,202 | +€19,634 | +68.7% |
| Amounts receivable within one year | 40/41 | €1,445 | €9,628 | +€8,184 | +566% |
| Other amounts receivable | 41 | €1,445 | €9,628 | +€8,184 | +566% |
| Cash at bank and in hand | 54/58 | €25,721 | €37,167 | +€11,446 | +44.5% |
| Deferred charges and accrued income | 490/1 | €1,402 | €1,407 | +€5 | +0.3% |
| Total equity and liabilities | 10/49 | €30,746 | €69,396 | +€38,651 | +126% |
| Equity | 10/15 | €19,139 | €47,220 | +€28,081 | +147% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €4,139 | €32,220 | +€28,081 | +678% |
| Distributable reserves | 133 | €4,139 | €32,220 | +€28,081 | +678% |
| Amounts payable | 17/49 | €11,606 | €22,176 | +€10,570 | +91.1% |
| Amounts payable within one year | 42/48 | €11,606 | €22,176 | +€10,570 | +91.1% |
| Trade debts | 44 | - | €1,683 | +€1,683 | |
| Suppliers | 440/4 | - | €1,683 | +€1,683 | |
| Taxes, remuneration and social security | 45 | €4,162 | €13,919 | +€9,757 | +234% |
| Taxes | 450/3 | €4,162 | €13,919 | +€9,757 | +234% |
| Other amounts payable | 47/48 | €7,444 | €6,574 | -€870 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €3,001 | +€2,897 | +2,792% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €7,231 | €46,509 | +€39,279 | +543% |
| Operating profit (loss) | 9901 | €7,127 | €43,389 | +€36,262 | +509% |
| Financial charges | 65/66B | €932 | €3,292 | +€2,360 | +253% |
| Recurring financial charges | 65 | €932 | €3,292 | +€2,360 | +253% |
| Profit (loss) for the period before taxes | 9903 | €6,195 | €40,096 | +€33,902 | +547% |
| Income taxes | 67/77 | €2,055 | €12,016 | +€9,961 | +485% |
| Profit (loss) for the period | 9904 | €4,139 | €28,081 | +€23,941 | +578% |
| Profit (loss) for the period to be appropriated | 9905 | €4,139 | €28,081 | +€23,941 | +578% |
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 28 October 2026 via checked.be.