Emmanuel Allaert: 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.
Emmanuel Allaert
Largest movements
- Cash -€5,980
down €5,980 (-70.3%), from €8,503 to €2,524
mainly Net result for the year (-€6,531) and Receivables within one year (-€2,277)
- Tangible fixed assets -€3,497
down €3,497 (-69.1%), from €5,063 to €1,567
of which Furniture and vehicles: -€3,260
- Receivables within one year +€2,277
up €2,277 (+15.0%), from €15,194 to €17,471
of which Trade receivables: +€4,841
- Profit (loss) carried forward -€6,531
down €6,531 (-26.7%), from -€24,463 to -€30,994
- Trade debts -€1,879
down €1,879 (-65.2%), from €2,882 to €1,003
- Other debts +€1,211
new in 2025: €1,211
- Gross operating margin +€9,217
up €9,217 (+85.8%), from -€10,747 to -€1,531
- Depreciation +€3,201
up €3,201 (+1,081%), from €296 to €3,497
- Other operating charges +€1,054
up €1,054 (+382%), from €276 to €1,330
- Financial income -€375
down €375 (-82.3%), from €456 to €81
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 | €30,261 | €23,062 | -€7,199 | -23.8% |
| Fixed assets | 21/28 | €5,063 | €1,567 | -€3,497 | -69.1% |
| Tangible fixed assets | 22/27 | €5,063 | €1,567 | -€3,497 | -69.1% |
| Land and buildings | 22 | €641 | €513 | -€128 | -20.0% |
| Plant, machinery and equipment | 23 | €543 | €434 | -€109 | -20.0% |
| Furniture and vehicles | 24 | €3,879 | €619 | -€3,260 | -84.0% |
| Current assets | 29/58 | €25,198 | €21,495 | -€3,702 | -14.7% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,194 | €17,471 | +€2,277 | +15.0% |
| Trade receivables | 40 | €11,804 | €16,644 | +€4,841 | +41.0% |
| Other amounts receivable | 41 | €3,390 | €827 | -€2,563 | -75.6% |
| Cash at bank and in hand | 54/58 | €8,503 | €2,524 | -€5,980 | -70.3% |
| Total equity and liabilities | 10/49 | €30,261 | €23,062 | -€7,199 | -23.8% |
| Equity | 10/15 | €27,379 | €20,848 | -€6,531 | -23.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €50,842 | €50,842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,725 | €7,725 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,725 | €7,725 | = | 0.0% |
| Distributable reserves | 133 | €43,117 | €43,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,463 | -€30,994 | -€6,531 | -26.7% |
| Amounts payable | 17/49 | €2,882 | €2,214 | -€668 | -23.2% |
| Amounts payable within one year | 42/48 | €2,882 | €2,214 | -€668 | -23.2% |
| Trade debts | 44 | €2,882 | €1,003 | -€1,879 | -65.2% |
| Suppliers | 440/4 | €2,882 | €1,003 | -€1,879 | -65.2% |
| Other amounts payable | 47/48 | - | €1,211 | +€1,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296 | €3,497 | +€3,201 | +1,081% |
| Other operating charges | 640/8 | €276 | €1,330 | +€1,054 | +382% |
| Gross operating margin | 9900 | -€10,747 | -€1,531 | +€9,217 | +85.8% |
| Operating profit (loss) | 9901 | -€11,319 | -€6,357 | +€4,962 | +43.8% |
| Financial income | 75/76B | €456 | €81 | -€375 | -82.3% |
| Recurring financial income | 75 | €456 | €81 | -€375 | -82.3% |
| Financial charges | 65/66B | €169 | €255 | +€85 | +50.4% |
| Recurring financial charges | 65 | €169 | €255 | +€85 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,032 | -€6,531 | +€4,501 | +40.8% |
| Income taxes | 67/77 | -€5 | - | +€5 | |
| Profit (loss) for the period | 9904 | -€11,027 | -€6,531 | +€4,496 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,027 | -€6,531 | +€4,496 | +40.8% |
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.