EMMANUEL TERRASSE: 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 TERRASSE
Largest movements
- Current investments +€697,520
up €697,520 (+6,975%), from €10,000 to €707,520
- Tangible fixed assets +€38,944
new in 2025: €38,944
- Receivables within one year +€36,574
up €36,574 (+118%), from €31,065 to €67,639
of which Other amounts receivable: +€44,406
- Cash +€16,748
up €16,748 (+39.2%), from €42,730 to €59,478
mainly Other debts (+€483,311) and Net result for the year (+€259,799)
- Other debts +€483,311
up €483,311 (+5,370,119%), from €9 to €483,320
- Profit (loss) carried forward +€261,376
up €261,376 (+395%), from €66,114 to €327,489
- Tax, wage and social debts +€47,671
up €47,671 (+277%), from €17,226 to €64,897
- Gross operating margin +€261,059
up €261,059 (+315%), from €82,900 to €343,958
- Taxes +€65,033
up €65,033 (+387%), from €16,795 to €81,828
- Depreciation +€4,375
new in 2025: €4,375
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 | €84,476 | €876,787 | +€792,311 | +938% |
| Fixed assets | 21/28 | - | €38,944 | +€38,944 | |
| Tangible fixed assets | 22/27 | - | €38,944 | +€38,944 | |
| Furniture and vehicles | 24 | - | €38,944 | +€38,944 | |
| Current assets | 29/58 | €84,476 | €837,844 | +€753,368 | +892% |
| Amounts receivable within one year | 40/41 | €31,065 | €67,639 | +€36,574 | +118% |
| Trade receivables | 40 | €31,065 | €23,233 | -€7,832 | -25.2% |
| Other amounts receivable | 41 | - | €44,406 | +€44,406 | |
| Current investments | 50/53 | €10,000 | €707,520 | +€697,520 | +6,975% |
| Cash at bank and in hand | 54/58 | €42,730 | €59,478 | +€16,748 | +39.2% |
| Deferred charges and accrued income | 490/1 | €681 | €3,206 | +€2,525 | +371% |
| Total equity and liabilities | 10/49 | €84,476 | €876,787 | +€792,311 | +938% |
| Equity | 10/15 | €67,114 | €328,489 | +€261,376 | +389% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,114 | €327,489 | +€261,376 | +395% |
| Amounts payable | 17/49 | €17,362 | €548,298 | +€530,936 | +3,058% |
| Amounts payable within one year | 42/48 | €17,362 | €548,298 | +€530,936 | +3,058% |
| Trade debts | 44 | €127 | €81 | -€46 | -36.2% |
| Suppliers | 440/4 | €127 | €81 | -€46 | -36.2% |
| Taxes, remuneration and social security | 45 | €17,226 | €64,897 | +€47,671 | +277% |
| Taxes | 450/3 | €17,226 | €64,897 | +€47,671 | +277% |
| Other amounts payable | 47/48 | €9 | €483,320 | +€483,311 | +5,370,119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,375 | +€4,375 | |
| Gross operating margin | 9900 | €82,900 | €343,958 | +€261,059 | +315% |
| Operating profit (loss) | 9901 | €82,900 | €339,584 | +€256,684 | +310% |
| Financial income | 75/76B | €14 | €2,707 | +€2,694 | +19,896% |
| Recurring financial income | 75 | €14 | €2,707 | +€2,694 | +19,896% |
| Financial charges | 65/66B | €5 | €665 | +€660 | +13,171% |
| Recurring financial charges | 65 | €5 | €665 | +€660 | +13,171% |
| Profit (loss) for the period before taxes | 9903 | €82,908 | €341,627 | +€258,718 | +312% |
| Income taxes | 67/77 | €16,795 | €81,828 | +€65,033 | +387% |
| Profit (loss) for the period | 9904 | €66,114 | €259,799 | +€193,685 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €66,114 | €259,799 | +€193,685 | +293% |
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 15 October 2026 via checked.be.