Emna Chaouch: 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.
Emna Chaouch
Largest movements
- Deferred charges and accrued income +€7,703
up €7,703 (+134.2%), from €5,738 to €13,441
- Tangible fixed assets -€3,036
down €3,036 (-36.4%), from €8,333 to €5,298
- Intangible fixed assets +€2,766
new in 2025: €2,766
- Receivables within one year -€2,295
down €2,295 (-29.7%), from €7,724 to €5,429
of which Trade receivables: -€3,029
- Cash +€2,167
up €2,167 (+21.2%), from €10,218 to €12,385
mainly Net result for the year (+€10,013) and Depreciation (+€4,869)
- Profit (loss) carried forward +€10,013
up €10,013 (+81.4%), from €12,294 to €22,307
- Trade debts -€7,122
down €7,122 (-75.3%), from €9,461 to €2,339
- Other debts +€4,117
up €4,117 (+267.6%), from €1,539 to €5,656
- Gross operating margin -€1,721
down €1,721 (-8.3%), from €20,851 to €19,130
- Depreciation +€1,202
up €1,202 (+32.8%), from €3,667 to €4,869
- Taxes -€453
down €453 (-10.5%), from €4,333 to €3,880
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.
Cash bridge derived
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 | €32,014 | €39,319 | +€7,305 | +22.8% |
| Fixed assets | 21/28 | €8,333 | €8,063 | -€270 | -3.2% |
| Intangible fixed assets | 21 | - | €2,766 | +€2,766 | |
| Tangible fixed assets | 22/27 | €8,333 | €5,298 | -€3,036 | -36.4% |
| Furniture and vehicles | 24 | €8,333 | €5,298 | -€3,036 | -36.4% |
| Current assets | 29/58 | €23,680 | €31,255 | +€7,575 | +32.0% |
| Amounts receivable within one year | 40/41 | €7,724 | €5,429 | -€2,295 | -29.7% |
| Trade receivables | 40 | €7,724 | €4,695 | -€3,029 | -39.2% |
| Other amounts receivable | 41 | - | €734 | +€734 | |
| Cash at bank and in hand | 54/58 | €10,218 | €12,385 | +€2,167 | +21.2% |
| Deferred charges and accrued income | 490/1 | €5,738 | €13,441 | +€7,703 | +134.2% |
| Total equity and liabilities | 10/49 | €32,014 | €39,319 | +€7,305 | +22.8% |
| Equity | 10/15 | €12,794 | €22,807 | +€10,013 | +78.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,294 | €22,307 | +€10,013 | +81.4% |
| Amounts payable | 17/49 | €19,220 | €16,512 | -€2,708 | -14.1% |
| Amounts payable within one year | 42/48 | €19,220 | €16,512 | -€2,708 | -14.1% |
| Trade debts | 44 | €9,461 | €2,339 | -€7,122 | -75.3% |
| Suppliers | 440/4 | €9,461 | €2,339 | -€7,122 | -75.3% |
| Taxes, remuneration and social security | 45 | €8,220 | €8,517 | +€297 | +3.6% |
| Taxes | 450/3 | €8,220 | €8,517 | +€297 | +3.6% |
| Other amounts payable | 47/48 | €1,539 | €5,656 | +€4,117 | +267.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,667 | €4,869 | +€1,202 | +32.8% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €20,851 | €19,130 | -€1,721 | -8.3% |
| Operating profit (loss) | 9901 | €17,134 | €14,261 | -€2,873 | -16.8% |
| Financial income | 75/76B | €97 | €43 | -€54 | -55.4% |
| Recurring financial income | 75 | €97 | €43 | -€54 | -55.4% |
| Financial charges | 65/66B | €604 | €412 | -€193 | -31.9% |
| Recurring financial charges | 65 | €604 | €412 | -€193 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €16,626 | €13,893 | -€2,734 | -16.4% |
| Income taxes | 67/77 | €4,333 | €3,880 | -€453 | -10.5% |
| Profit (loss) for the period | 9904 | €12,294 | €10,013 | -€2,280 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,294 | €10,013 | -€2,280 | -18.6% |
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 11 October 2026 via checked.be.