Marc Emmers: 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.
Marc Emmers
Largest movements
- Cash +€4,865
up €4,865 (+19.2%), from €25,388 to €30,253
mainly Net result for the year (+€4,508) and Other debts (+€1,251)
- Deferred charges and accrued income +€463
new in 2025: €463
- Profit (loss) carried forward +€4,508
up €4,508 (+41.2%), from €10,950 to €15,458
- Other debts +€1,251
new in 2025: €1,251
- Trade debts -€387
no longer reported in 2025 (was €387)
- Gross operating margin +€1,444
up €1,444 (+39.7%), from €3,635 to €5,079
- Other operating charges +€76
up €76 (+16.9%), from €451 to €527
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 | €25,597 | €30,969 | +€5,372 | +21.0% |
| Current assets | 29/58 | €25,597 | €30,969 | +€5,372 | +21.0% |
| Amounts receivable within one year | 40/41 | €209 | €253 | +€44 | +21.1% |
| Other amounts receivable | 41 | €209 | €253 | +€44 | +21.1% |
| Cash at bank and in hand | 54/58 | €25,388 | €30,253 | +€4,865 | +19.2% |
| Deferred charges and accrued income | 490/1 | - | €463 | +€463 | |
| Total equity and liabilities | 10/49 | €25,597 | €30,969 | +€5,372 | +21.0% |
| Equity | 10/15 | €25,210 | €29,718 | +€4,508 | +17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,950 | €15,458 | +€4,508 | +41.2% |
| Amounts payable | 17/49 | €387 | €1,251 | +€864 | +223.0% |
| Amounts payable within one year | 42/48 | €387 | €1,251 | +€864 | +223.0% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | - | €1,251 | +€1,251 | |
| Other operating charges | 640/8 | €451 | €527 | +€76 | +16.9% |
| Gross operating margin | 9900 | €3,635 | €5,079 | +€1,444 | +39.7% |
| Operating profit (loss) | 9901 | €3,184 | €4,552 | +€1,368 | +43.0% |
| Financial charges | 65/66B | €35 | €43 | +€8 | +23.8% |
| Recurring financial charges | 65 | €35 | €43 | +€8 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €3,149 | €4,508 | +€1,359 | +43.2% |
| Profit (loss) for the period | 9904 | €3,149 | €4,508 | +€1,359 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,149 | €4,508 | +€1,359 | +43.2% |
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.