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 -€24,185
down €24,185 (-39.9%), from €60,638 to €36,454
mainly Tax, wage and social debts (-€19,409) and Contributions, distributions and other (-€10,900)
- Receivables within one year -€10,296
down €10,296 (-21.0%), from €49,121 to €38,824
of which Other amounts receivable: -€5,959
- Tax, wage and social debts -€19,409
down €19,409 (-97.4%), from €19,924 to €515
- Reserves -€10,900
down €10,900 (-12.0%), from €90,581 to €79,681
- Profit (loss) carried forward -€4,634
down €4,634 (-30.7%), from -€15,102 to -€19,736
- Gross operating margin +€6,664
up €6,664, from -€3,420 to €3,244
- Depreciation -€3,402
down €3,402 (-52.3%), from €6,501 to €3,099
- Financial charges -€1,207
down €1,207 (-23.3%), from €5,190 to €3,983
- Financial income -€843
down €843 (-33.4%), from €2,521 to €1,679
- Other operating charges -€542
down €542 (-20.0%), from €2,705 to €2,163
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 | €116,016 | €80,885 | -€35,131 | -30.3% |
| Fixed assets | 21/28 | €3,512 | €3,008 | -€505 | -14.4% |
| Tangible fixed assets | 22/27 | €3,369 | €2,864 | -€505 | -15.0% |
| Plant, machinery and equipment | 23 | €3,369 | €1,420 | -€1,949 | -57.9% |
| Furniture and vehicles | 24 | €0 | €1,444 | +€1,444 | |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €112,503 | €77,877 | -€34,626 | -30.8% |
| Stocks and contracts in progress | 3 | €424 | €0 | -€424 | -100% |
| Stocks | 30/36 | €424 | €0 | -€424 | -100% |
| Amounts receivable within one year | 40/41 | €49,121 | €38,824 | -€10,296 | -21.0% |
| Trade receivables | 40 | €12,784 | €8,447 | -€4,337 | -33.9% |
| Other amounts receivable | 41 | €36,336 | €30,377 | -€5,959 | -16.4% |
| Cash at bank and in hand | 54/58 | €60,638 | €36,454 | -€24,185 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,320 | €2,599 | +€279 | +12.0% |
| Total equity and liabilities | 10/49 | €116,016 | €80,885 | -€35,131 | -30.3% |
| Equity | 10/15 | €81,685 | €66,151 | -€15,534 | -19.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €90,581 | €79,681 | -€10,900 | -12.0% |
| Distributable reserves | 133 | €90,581 | €79,681 | -€10,900 | -12.0% |
| Profit (loss) carried forward | 14 | -€15,102 | -€19,736 | -€4,634 | -30.7% |
| Amounts payable | 17/49 | €34,331 | €14,734 | -€19,597 | -57.1% |
| Amounts payable within one year | 42/48 | €34,331 | €14,734 | -€19,597 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,407 | €14,219 | -€188 | -1.3% |
| Suppliers | 440/4 | €14,407 | €14,219 | -€188 | -1.3% |
| Taxes, remuneration and social security | 45 | €19,924 | €515 | -€19,409 | -97.4% |
| Taxes | 450/3 | €19,924 | €515 | -€19,409 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,501 | €3,099 | -€3,402 | -52.3% |
| Other operating charges | 640/8 | €2,705 | €2,163 | -€542 | -20.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,420 | €3,244 | +€6,664 | |
| Operating profit (loss) | 9901 | -€12,626 | -€2,019 | +€10,608 | +84.0% |
| Financial income | 75/76B | €2,521 | €1,679 | -€843 | -33.4% |
| Recurring financial income | 75 | €2,521 | €1,679 | -€843 | -33.4% |
| Financial charges | 65/66B | €5,190 | €3,983 | -€1,207 | -23.3% |
| Recurring financial charges | 65 | €5,190 | €3,983 | -€1,207 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,295 | -€4,323 | +€10,972 | +71.7% |
| Income taxes | 67/77 | -€193 | €311 | +€504 | |
| Profit (loss) for the period | 9904 | -€15,102 | -€4,634 | +€10,468 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,102 | -€4,634 | +€10,468 | +69.3% |
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 13 October 2026 via checked.be.