Emma Van Leuven: 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.
Emma Van Leuven
Largest movements
- Receivables within one year -€46,932
down €46,932 (-67.0%), from €70,000 to €23,067
- Cash +€30,986
up €30,986 (+203%), from €15,246 to €46,231
mainly Other debts (+€87,475) and Receivables within one year (+€46,932)
- Deferred charges and accrued income +€12,333
up €12,333 (+174%), from €7,078 to €19,412
- Tangible fixed assets -€10,942
down €10,942 (-50.6%), from €21,626 to €10,684
- Profit (loss) carried forward -€98,559
down €98,559 (-99.4%), from €99,163 to €603
- Other debts +€87,475
new in 2025: €87,475
- Trade debts -€1,737
down €1,737 (-46.0%), from €3,779 to €2,042
- Tax, wage and social debts -€1,734
down €1,734 (-77.1%), from €2,249 to €515
- Taxes +€11,112
up €11,112, from -€8,597 to €2,515
- Gross operating margin +€4,821
up €4,821 (+64.4%), from €7,484 to €12,305
- Financial income -€1,170
down €1,170 (-28.7%), from €4,072 to €2,902
- Other operating charges -€317
down €317 (-23.1%), from €1,373 to €1,056
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 | €113,950 | €99,395 | -€14,556 | -12.8% |
| Fixed assets | 21/28 | €21,626 | €10,684 | -€10,942 | -50.6% |
| Tangible fixed assets | 22/27 | €21,626 | €10,684 | -€10,942 | -50.6% |
| Furniture and vehicles | 24 | €21,626 | €10,684 | -€10,942 | -50.6% |
| Current assets | 29/58 | €92,324 | €88,710 | -€3,613 | -3.9% |
| Amounts receivable within one year | 40/41 | €70,000 | €23,067 | -€46,932 | -67.0% |
| Other amounts receivable | 41 | €70,000 | €23,067 | -€46,932 | -67.0% |
| Cash at bank and in hand | 54/58 | €15,246 | €46,231 | +€30,986 | +203% |
| Deferred charges and accrued income | 490/1 | €7,078 | €19,412 | +€12,333 | +174% |
| Total equity and liabilities | 10/49 | €113,950 | €99,395 | -€14,556 | -12.8% |
| Equity | 10/15 | €107,921 | €9,362 | -€98,559 | -91.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,759 | €7,759 | = | 0.0% |
| Distributable reserves | 133 | €7,759 | €7,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,163 | €603 | -€98,559 | -99.4% |
| Amounts payable | 17/49 | €6,029 | €90,033 | +€84,004 | +1,393% |
| Amounts payable within one year | 42/48 | €6,029 | €90,033 | +€84,004 | +1,393% |
| Trade debts | 44 | €3,779 | €2,042 | -€1,737 | -46.0% |
| Suppliers | 440/4 | €3,779 | €2,042 | -€1,737 | -46.0% |
| Taxes, remuneration and social security | 45 | €2,249 | €515 | -€1,734 | -77.1% |
| Taxes | 450/3 | €2,249 | €515 | -€1,734 | -77.1% |
| Other amounts payable | 47/48 | - | €87,475 | +€87,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,942 | €10,942 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,373 | €1,056 | -€317 | -23.1% |
| Gross operating margin | 9900 | €7,484 | €12,305 | +€4,821 | +64.4% |
| Operating profit (loss) | 9901 | -€4,831 | €307 | +€5,138 | |
| Financial income | 75/76B | €4,072 | €2,902 | -€1,170 | -28.7% |
| Recurring financial income | 75 | €4,072 | €2,902 | -€1,170 | -28.7% |
| Financial charges | 65/66B | €79 | €90 | +€11 | +14.0% |
| Recurring financial charges | 65 | €79 | €90 | +€11 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€838 | €3,119 | +€3,957 | |
| Income taxes | 67/77 | -€8,597 | €2,515 | +€11,112 | |
| Profit (loss) for the period | 9904 | €7,759 | €603 | -€7,155 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,759 | €603 | -€7,155 | -92.2% |
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 1 November 2026 via checked.be.