EEMAN: 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.
EEMAN
Largest movements
- Cash +€92,601
up €92,601 (+25.8%), from €358,994 to €451,596
mainly Depreciation (+€57,541) and Net result for the year (+€24,104)
- Tangible fixed assets -€57,541
down €57,541 (-90.4%), from €63,652 to €6,111
of which Plant, machinery and equipment: -€57,480
- Receivables within one year -€13,823
down €13,823 (-9.7%), from €143,092 to €129,269
of which Other amounts receivable: -€20,610
- Stocks and contracts -€12,877
down €12,877 (-23.7%), from €54,265 to €41,388
- Profit (loss) carried forward +€38,213
up €38,213 (+974.4%), from €3,922 to €42,135
- Other debts -€22,576
no longer reported in 2025 (was €22,576)
- Trade debts +€20,393
up €20,393 (+149.1%), from €13,677 to €34,069
- Current portion of long-term debt -€16,579
no longer reported in 2025 (was €16,579)
- Reserves -€14,109
down €14,109 (-2.7%), from €515,595 to €501,487
of which Tax-exempt reserves: -€14,109
- Depreciation -€52,921
down €52,921 (-47.9%), from €110,462 to €57,541
- Purchases and services -€12,836
down €12,836 (-6.2%), from €205,838 to €193,001
- Taxes +€11,956
up €11,956 (+398.7%), from €2,999 to €14,954
- Other operating charges +€7,086
up €7,086 (+117.1%), from €6,054 to €13,140
- Write-downs +€4,926
new in 2025: €4,926
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 | €620,003 | €629,942 | +€9,939 | +1.6% |
| Fixed assets | 21/28 | €63,652 | €6,111 | -€57,541 | -90.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €63,652 | €6,111 | -€57,541 | -90.4% |
| Land and buildings | 22 | €938 | €876 | -€61 | -6.5% |
| Plant, machinery and equipment | 23 | €62,714 | €5,234 | -€57,480 | -91.7% |
| Current assets | 29/58 | €556,351 | €623,832 | +€67,480 | +12.1% |
| Stocks and contracts in progress | 3 | €54,265 | €41,388 | -€12,877 | -23.7% |
| Stocks | 30/36 | €54,265 | €41,388 | -€12,877 | -23.7% |
| Amounts receivable within one year | 40/41 | €143,092 | €129,269 | -€13,823 | -9.7% |
| Trade receivables | 40 | €110,680 | €117,467 | +€6,787 | +6.1% |
| Other amounts receivable | 41 | €32,412 | €11,801 | -€20,610 | -63.6% |
| Cash at bank and in hand | 54/58 | €358,994 | €451,596 | +€92,601 | +25.8% |
| Deferred charges and accrued income | 490/1 | - | €1,579 | +€1,579 | |
| Total equity and liabilities | 10/49 | €620,003 | €629,942 | +€9,939 | +1.6% |
| Equity | 10/15 | €555,461 | €579,565 | +€24,104 | +4.3% |
| Contributions | 10/11 | €35,944 | €35,944 | = | 0.0% |
| Reserves | 13 | €515,595 | €501,487 | -€14,109 | -2.7% |
| Non-distributable reserves | 130/1 | €48,284 | €48,284 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48,284 | €48,284 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,109 | - | -€14,109 | |
| Distributable reserves | 133 | €453,203 | €453,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,922 | €42,135 | +€38,213 | +974.4% |
| Provisions and deferred taxes | 16 | €7,265 | - | -€7,265 | |
| Deferred taxes | 168 | €7,265 | - | -€7,265 | |
| Amounts payable | 17/49 | €57,277 | €50,377 | -€6,900 | -12.0% |
| Amounts payable within one year | 42/48 | €57,277 | €50,377 | -€6,900 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €16,579 | - | -€16,579 | |
| Trade debts | 44 | €13,677 | €34,069 | +€20,393 | +149.1% |
| Suppliers | 440/4 | €13,677 | €34,069 | +€20,393 | +149.1% |
| Taxes, remuneration and social security | 45 | €4,446 | €16,308 | +€11,862 | +266.8% |
| Taxes | 450/3 | €4,134 | €16,308 | +€12,174 | +294.5% |
| Remuneration and social security | 454/9 | €312 | - | -€312 | |
| Other amounts payable | 47/48 | €22,576 | - | -€22,576 | |
| Goods, raw materials, services and sundry goods | 60/61 | €205,838 | €193,001 | -€12,836 | -6.2% |
| Remuneration, social security and pensions | 62 | €5,679 | €2,358 | -€3,321 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,462 | €57,541 | -€52,921 | -47.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,926 | +€4,926 | |
| Other operating charges | 640/8 | €6,054 | €13,140 | +€7,086 | +117.1% |
| Gross operating margin | 9900 | €110,053 | €110,167 | +€114 | +0.1% |
| Operating profit (loss) | 9901 | -€12,141 | €32,203 | +€44,344 | |
| Financial income | 75/76B | €139 | - | -€139 | |
| Recurring financial income | 75 | €139 | - | -€139 | |
| Financial charges | 65/66B | €1,093 | €409 | -€684 | -62.6% |
| Recurring financial charges | 65 | €1,093 | €409 | -€684 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,095 | €31,794 | +€44,889 | |
| Transfer from deferred taxes | 780 | €9,984 | €7,265 | -€2,719 | -27.2% |
| Income taxes | 67/77 | €2,999 | €14,954 | +€11,956 | +398.7% |
| Profit (loss) for the period | 9904 | -€6,110 | €24,104 | +€30,214 | |
| Transfer from tax-exempt reserves | 789 | €19,390 | €14,109 | -€5,281 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,280 | €38,213 | +€24,933 | +187.8% |
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 30 September 2026 via checked.be.