EEMAN: 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.
EEMAN
Largest movements
- Cash +€122,360
up €122,360 (+268.2%), from €45,620 to €167,980
mainly Receivables after one year (+€119,444) and Depreciation (+€13,313)
- Receivables after one year -€119,444
down €119,444 (-28.5%), from €419,444 to €300,000
- Tangible fixed assets -€14,819
down €14,819 (-17.0%), from €87,381 to €72,562
- Reserves -€9,154
down €9,154 (-1.8%), from €519,154 to €510,000
of which Tax-exempt reserves: -€9,154
- Gross operating margin +€136,297
up €136,297, from -€7,293 to €129,004
- Write-downs +€127,750
new in 2025: €127,750
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 | €567,949 | €554,017 | -€13,932 | -2.5% |
| Fixed assets | 21/28 | €87,709 | €72,891 | -€14,819 | -16.9% |
| Tangible fixed assets | 22/27 | €87,381 | €72,562 | -€14,819 | -17.0% |
| Land and buildings | 22 | €87,381 | €72,562 | -€14,819 | -17.0% |
| Financial fixed assets | 28 | €329 | €329 | = | 0.0% |
| Current assets | 29/58 | €480,239 | €481,126 | +€887 | +0.2% |
| Amounts receivable after more than one year | 29 | €419,444 | €300,000 | -€119,444 | -28.5% |
| Other amounts receivable | 291 | €419,444 | €300,000 | -€119,444 | -28.5% |
| Amounts receivable within one year | 40/41 | €14,988 | €12,950 | -€2,038 | -13.6% |
| Other amounts receivable | 41 | €14,988 | €12,950 | -€2,038 | -13.6% |
| Cash at bank and in hand | 54/58 | €45,620 | €167,980 | +€122,360 | +268.2% |
| Deferred charges and accrued income | 490/1 | €187 | €195 | +€8 | +4.4% |
| Total equity and liabilities | 10/49 | €567,949 | €554,017 | -€13,932 | -2.5% |
| Equity | 10/15 | €537,877 | €529,115 | -€8,762 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €519,154 | €510,000 | -€9,154 | -1.8% |
| Tax-exempt reserves | 132 | €57,154 | €48,000 | -€9,154 | -16.0% |
| Distributable reserves | 133 | €462,000 | €462,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123 | €514 | +€391 | +317.1% |
| Provisions and deferred taxes | 16 | €29,430 | €24,717 | -€4,713 | -16.0% |
| Deferred taxes | 168 | €29,430 | €24,717 | -€4,713 | -16.0% |
| Amounts payable | 17/49 | €642 | €186 | -€456 | -71.1% |
| Amounts payable within one year | 42/48 | €642 | €186 | -€456 | -71.1% |
| Trade debts | 44 | €488 | €32 | -€456 | -93.5% |
| Suppliers | 440/4 | €488 | €32 | -€456 | -93.5% |
| Other amounts payable | 47/48 | €154 | €154 | = | 0.0% |
| Non-recurring operating income | 76A | - | €138,494 | +€138,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,313 | €13,313 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €127,750 | +€127,750 | |
| Other operating charges | 640/8 | €8,069 | €8,133 | +€64 | +0.8% |
| Gross operating margin | 9900 | -€7,293 | €129,004 | +€136,297 | |
| Operating profit (loss) | 9901 | -€28,675 | -€20,191 | +€8,483 | +29.6% |
| Financial income | 75/76B | €8,306 | €7,084 | -€1,222 | -14.7% |
| Recurring financial income | 75 | €8,306 | €5,834 | -€2,472 | -29.8% |
| Non-recurring financial income | 76B | - | €1,250 | +€1,250 | |
| Financial charges | 65/66B | €153 | €234 | +€81 | +52.9% |
| Recurring financial charges | 65 | €153 | €234 | +€81 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,522 | -€13,341 | +€7,180 | +35.0% |
| Transfer from deferred taxes | 780 | €4,713 | €4,713 | = | 0.0% |
| Income taxes | 67/77 | €68 | €134 | +€66 | +97.5% |
| Profit (loss) for the period | 9904 | -€15,877 | -€8,762 | +€7,114 | +44.8% |
| Transfer from tax-exempt reserves | 789 | €9,154 | €9,154 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,723 | €391 | +€7,114 |
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 9 October 2026 via checked.be.