EMOTIONS: what changed
Two fiscal 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.
What changed
EMOTIONS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€184,116
2024 · -€76,298-€107,818
Equity
-€257,914
2024 · -€73,798-€184,116
Cash
€21,577
2024 · €48,437-€26,860
Balance sheet total
€3.8m
2024 · €1.8m+€2.0m
Largest movements
Assets
- Financial fixed assets +€1.6m
up €1.6m (+95.7%), from €1.7m to €3.3m
- Receivables after one year +€358,177
new in 2025: €358,177
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+123.6%), from €1.8m to €4.0m
- Profit (loss) carried forward -€184,116
down €184,116 (-241.3%), from -€76,298 to -€260,414
Income statement
- Gross operating margin -€75,894
down €75,894 (-110.7%), from -€68,586 to -€144,480
- Staff costs +€22,716
up €22,716 (+403.1%), from €5,635 to €28,351
- Depreciation +€7,462
up €7,462 (+802.4%), from €930 to €8,392
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.
Result 2024
-€76,298
Gross operating margin
-€75,894
Staff costs
-€22,716
Depreciation
-€7,462
Other operating charges
-€987
Financial charges
-€662
Taxes
-€97
Result 2025
-€184,116
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.
From operations
-€597,965
Investment
-€1.6m
Financing
+€2.2m
Cash 2024
€48,437
From operations (derived)
-€597,965
Net result for the year
-€184,116
Depreciation
+€8,392
Receivables after one year
-€358,177
Smaller working-capital items
-€579
Receivables within one year
-€22,456
Trade debts
-€22,136
Other debts
-€18,893
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€2.2m
Debts after one year
+€2.2m
Cash 2025
€21,577
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,775,410 | €3,752,915 | +€2.0m | +111.4% |
| Formation expenses | 20 | - | €7,567 | +€7,567 | |
| Fixed assets | 21/28 | €1,724,103 | €3,337,039 | +€1.6m | +93.6% |
| Tangible fixed assets | 22/27 | €34,537 | €31,223 | -€3,314 | -9.6% |
| Plant, machinery and equipment | 23 | €1,615 | €1,056 | -€559 | -34.6% |
| Furniture and vehicles | 24 | €32,922 | €27,483 | -€5,439 | -16.5% |
| Other tangible fixed assets | 26 | - | €2,684 | +€2,684 | |
| Financial fixed assets | 28 | €1,689,566 | €3,305,816 | +€1.6m | +95.7% |
| Current assets | 29/58 | €51,307 | €408,309 | +€357,002 | +695.8% |
| Amounts receivable after more than one year | 29 | - | €358,177 | +€358,177 | |
| Other amounts receivable | 291 | - | €358,177 | +€358,177 | |
| Stocks and contracts in progress | 3 | - | €3,141 | +€3,141 | |
| Stocks | 30/36 | - | €3,141 | +€3,141 | |
| Amounts receivable within one year | 40/41 | €1,660 | €24,116 | +€22,456 | +1352.8% |
| Trade receivables | 40 | - | €15,031 | +€15,031 | |
| Other amounts receivable | 41 | €1,660 | €9,085 | +€7,425 | +447.3% |
| Cash at bank and in hand | 54/58 | €48,437 | €21,577 | -€26,860 | -55.5% |
| Deferred charges and accrued income | 490/1 | €1,210 | €1,298 | +€88 | +7.3% |
| Total equity and liabilities | 10/49 | €1,775,410 | €3,752,915 | +€2.0m | +111.4% |
| Equity | 10/15 | -€73,798 | -€257,914 | -€184,116 | -249.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,298 | -€260,414 | -€184,116 | -241.3% |
| Amounts payable | 17/49 | €1,849,208 | €4,010,829 | +€2.2m | +116.9% |
| Amounts payable after more than one year | 17 | €1,779,566 | €3,979,566 | +€2.2m | +123.6% |
| Financial debts | 170/4 | €1,779,566 | €3,979,566 | +€2.2m | +123.6% |
| Amounts payable within one year | 42/48 | €69,642 | €31,263 | -€38,379 | -55.1% |
| Trade debts | 44 | €47,658 | €25,522 | -€22,136 | -46.4% |
| Suppliers | 440/4 | €47,658 | €25,522 | -€22,136 | -46.4% |
| Taxes, remuneration and social security | 45 | €1,490 | €4,140 | +€2,650 | +177.9% |
| Remuneration and social security | 454/9 | €1,490 | €4,140 | +€2,650 | +177.9% |
| Other amounts payable | 47/48 | €20,494 | €1,601 | -€18,893 | -92.2% |
| Remuneration, social security and pensions | 62 | €5,635 | €28,351 | +€22,716 | +403.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930 | €8,392 | +€7,462 | +802.4% |
| Other operating charges | 640/8 | €938 | €1,925 | +€987 | +105.2% |
| Gross operating margin | 9900 | -€68,586 | -€144,480 | -€75,894 | -110.7% |
| Operating profit (loss) | 9901 | -€76,089 | -€183,148 | -€107,059 | -140.7% |
| Financial charges | 65/66B | €209 | €871 | +€662 | +316.7% |
| Recurring financial charges | 65 | €209 | €871 | +€662 | +316.7% |
| Profit (loss) for the period before taxes | 9903 | -€76,298 | -€184,019 | -€107,721 | -141.2% |
| Income taxes | 67/77 | - | €97 | +€97 | |
| Profit (loss) for the period | 9904 | -€76,298 | -€184,116 | -€107,818 | -141.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,298 | -€184,116 | -€107,818 | -141.3% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.