EMMANUELLE BOELENS: what changed
EMMANUELLE BOELENS
Largest movements
- Receivables within one year -€223,351
down €223,351 (-35.7%), from €626,193 to €402,842
of which Other amounts receivable: -€187,432
- Cash -€140,835
down €140,835 (-81.6%), from €172,515 to €31,680
mainly Other debts (-€443,804) and Tax, wage and social debts (-€25,856)
- Other debts -€443,804
down €443,804 (-99.6%), from €445,407 to €1,603
- Profit (loss) carried forward +€117,938
up €117,938 (+49.1%), from €240,288 to €358,226
- Tax, wage and social debts -€25,856
down €25,856 (-72.7%), from €35,581 to €9,725
- Trade debts -€12,425
down €12,425 (-65.3%), from €19,040 to €6,615
- Financial income +€69,782
up €69,782 (+2,458%), from €2,839 to €72,621
- Gross operating margin -€23,317
down €23,317 (-27.7%), from €84,323 to €61,006
- Taxes -€8,792
down €8,792 (-37.6%), from €23,387 to €14,595
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €808,444 | €444,297 | -€364,147 | -45.0% |
| Fixed assets | 21/28 | €9,326 | €9,360 | +€34 | +0.4% |
| Tangible fixed assets | 22/27 | €458 | €492 | +€34 | +7.5% |
| Furniture and vehicles | 24 | €458 | €492 | +€34 | +7.5% |
| Financial fixed assets | 28 | €8,868 | €8,868 | = | 0.0% |
| Current assets | 29/58 | €799,118 | €434,937 | -€364,181 | -45.6% |
| Amounts receivable within one year | 40/41 | €626,193 | €402,842 | -€223,351 | -35.7% |
| Trade receivables | 40 | €65,767 | €29,847 | -€35,920 | -54.6% |
| Other amounts receivable | 41 | €560,426 | €372,995 | -€187,432 | -33.4% |
| Cash at bank and in hand | 54/58 | €172,515 | €31,680 | -€140,835 | -81.6% |
| Deferred charges and accrued income | 490/1 | €410 | €415 | +€5 | +1.2% |
| Total equity and liabilities | 10/49 | €808,444 | €444,297 | -€364,147 | -45.0% |
| Equity | 10/15 | €308,416 | €426,354 | +€117,938 | +38.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,728 | €55,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,868 | €53,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,288 | €358,226 | +€117,938 | +49.1% |
| Amounts payable | 17/49 | €500,028 | €17,943 | -€482,085 | -96.4% |
| Amounts payable within one year | 42/48 | €500,028 | €17,943 | -€482,085 | -96.4% |
| Trade debts | 44 | €19,040 | €6,615 | -€12,425 | -65.3% |
| Suppliers | 440/4 | €19,040 | €6,615 | -€12,425 | -65.3% |
| Taxes, remuneration and social security | 45 | €35,581 | €9,725 | -€25,856 | -72.7% |
| Taxes | 450/3 | €35,581 | €9,725 | -€25,856 | -72.7% |
| Other amounts payable | 47/48 | €445,407 | €1,603 | -€443,804 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €358 | +€60 | +20.3% |
| Other operating charges | 640/8 | €403 | €400 | -€4 | -0.9% |
| Gross operating margin | 9900 | €84,323 | €61,006 | -€23,317 | -27.7% |
| Operating profit (loss) | 9901 | €83,623 | €60,248 | -€23,374 | -28.0% |
| Financial income | 75/76B | €2,839 | €72,621 | +€69,782 | +2,458% |
| Recurring financial income | 75 | €2,839 | €72,621 | +€69,782 | +2,458% |
| Financial charges | 65/66B | €48 | €336 | +€289 | +608% |
| Recurring financial charges | 65 | €48 | €336 | +€289 | +608% |
| Profit (loss) for the period before taxes | 9903 | €86,414 | €132,533 | +€46,119 | +53.4% |
| Income taxes | 67/77 | €23,387 | €14,595 | -€8,792 | -37.6% |
| Profit (loss) for the period | 9904 | €63,026 | €117,938 | +€54,911 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,026 | €117,938 | +€54,911 | +87.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.