LES EMERAUDES: 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.
LES EMERAUDES
Largest movements
- Receivables within one year +€21,717
up €21,717 (+106%), from €20,552 to €42,268
of which Trade receivables: +€23,697
- Cash -€5,103
down €5,103 (-39.5%), from €12,913 to €7,810
mainly Other debts (-€60,792) and Receivables within one year (-€21,717)
- Debts after one year +€62,514
new in 2025: €62,514
- Other debts -€60,792
down €60,792 (-100%), from €60,792 to €0
- Trade debts +€23,749
up €23,749 (+2,284%), from €1,040 to €24,789
- Profit (loss) carried forward -€8,857
down €8,857 (-18.9%), from -€46,917 to -€55,775
- Gross operating margin -€2,396
down €2,396 (-65.2%), from -€3,673 to -€6,070
- Financial charges -€576
down €576 (-21.2%), from €2,711 to €2,135
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 | €33,464 | €50,078 | +€16,614 | +49.6% |
| Current assets | 29/58 | €33,464 | €50,078 | +€16,614 | +49.6% |
| Amounts receivable within one year | 40/41 | €20,552 | €42,268 | +€21,717 | +106% |
| Trade receivables | 40 | €12,915 | €36,612 | +€23,697 | +183% |
| Other amounts receivable | 41 | €7,636 | €5,656 | -€1,981 | -25.9% |
| Cash at bank and in hand | 54/58 | €12,913 | €7,810 | -€5,103 | -39.5% |
| Total equity and liabilities | 10/49 | €33,464 | €50,078 | +€16,614 | +49.6% |
| Equity | 10/15 | -€28,367 | -€37,225 | -€8,857 | -31.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,917 | -€55,775 | -€8,857 | -18.9% |
| Amounts payable | 17/49 | €61,832 | €87,303 | +€25,471 | +41.2% |
| Amounts payable after more than one year | 17 | - | €62,514 | +€62,514 | |
| Financial debts | 170/4 | - | €62,514 | +€62,514 | |
| Amounts payable within one year | 42/48 | €61,832 | €24,789 | -€37,043 | -59.9% |
| Trade debts | 44 | €1,040 | €24,789 | +€23,749 | +2,284% |
| Suppliers | 440/4 | €1,040 | €24,789 | +€23,749 | +2,284% |
| Other amounts payable | 47/48 | €60,792 | €0 | -€60,792 | -100% |
| Other operating charges | 640/8 | €644 | €653 | +€9 | +1.4% |
| Gross operating margin | 9900 | -€3,673 | -€6,070 | -€2,396 | -65.2% |
| Operating profit (loss) | 9901 | -€4,317 | -€6,722 | -€2,405 | -55.7% |
| Financial charges | 65/66B | €2,711 | €2,135 | -€576 | -21.2% |
| Recurring financial charges | 65 | €2,711 | €2,135 | -€576 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,028 | -€8,857 | -€1,829 | -26.0% |
| Profit (loss) for the period | 9904 | -€7,028 | -€8,857 | -€1,829 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,028 | -€8,857 | -€1,829 | -26.0% |
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 21 October 2026 via checked.be.