L'EMERAUDE: 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.
L'EMERAUDE
Largest movements
- Cash +€2,008
up €2,008 (+16.4%), from €12,224 to €14,232
mainly Net result for the year (+€2,096) and Tax, wage and social debts (+€604)
- Stocks and contracts +€632
up €632 (+7.4%), from €8,557 to €9,189
- Profit (loss) carried forward +€2,096
up €2,096 (+137%), from €1,532 to €3,628
- Tax, wage and social debts +€604
up €604 (+101%), from €597 to €1,201
- Gross operating margin +€7,389
up €7,389, from -€4,101 to €3,288
- Purchases and services -€5,956
down €5,956 (-17.5%), from €34,043 to €28,087
- Turnover +€1,433
up €1,433 (+4.8%), from €29,942 to €31,375
- Taxes +€697
new in 2025: €697
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 | €20,781 | €23,421 | +€2,640 | +12.7% |
| Current assets | 29/58 | €20,781 | €23,421 | +€2,640 | +12.7% |
| Stocks and contracts in progress | 3 | €8,557 | €9,189 | +€632 | +7.4% |
| Stocks | 30/36 | €8,557 | €9,189 | +€632 | +7.4% |
| Cash at bank and in hand | 54/58 | €12,224 | €14,232 | +€2,008 | +16.4% |
| Total equity and liabilities | 10/49 | €20,781 | €23,421 | +€2,640 | +12.7% |
| Equity | 10/15 | €20,124 | €22,220 | +€2,096 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,532 | €3,628 | +€2,096 | +137% |
| Amounts payable | 17/49 | €657 | €1,201 | +€544 | +82.8% |
| Amounts payable within one year | 42/48 | €657 | €1,201 | +€544 | +82.8% |
| Trade debts | 44 | €60 | - | -€60 | |
| Suppliers | 440/4 | €60 | - | -€60 | |
| Taxes, remuneration and social security | 45 | €597 | €1,201 | +€604 | +101% |
| Taxes | 450/3 | €597 | €1,201 | +€604 | +101% |
| Turnover | 70 | €29,942 | €31,375 | +€1,433 | +4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,043 | €28,087 | -€5,956 | -17.5% |
| Other operating charges | 640/8 | €407 | €420 | +€13 | +3.2% |
| Gross operating margin | 9900 | -€4,101 | €3,288 | +€7,389 | |
| Operating profit (loss) | 9901 | -€4,508 | €2,868 | +€7,376 | |
| Financial charges | 65/66B | €67 | €75 | +€8 | +11.9% |
| Recurring financial charges | 65 | €67 | €75 | +€8 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,575 | €2,793 | +€7,368 | |
| Income taxes | 67/77 | - | €697 | +€697 | |
| Profit (loss) for the period | 9904 | -€4,575 | €2,096 | +€6,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,575 | €2,096 | +€6,671 |
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 27 October 2026 via checked.be.