EM.BEE: 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.
EM.BEE
Largest movements
- Cash +€3,164
up €3,164 (+63.1%), from €5,015 to €8,179
mainly Depreciation (+€2,805) and Net result for the year (+€1,911)
- Tangible fixed assets -€1,712
down €1,712 (-12.3%), from €13,941 to €12,229
of which Other tangible fixed assets: -€1,226
- Receivables within one year -€1,524
down €1,524 (-25.3%), from €6,016 to €4,493
of which Trade receivables: -€1,210
- Profit (loss) carried forward +€1,911
up €1,911 (+50.5%), from €3,786 to €5,697
- Tax, wage and social debts -€1,768
down €1,768 (-35.4%), from €4,989 to €3,220
- Trade debts -€746
down €746 (-14.1%), from €5,273 to €4,527
- Other debts +€643
up €643 (+4.8%), from €13,464 to €14,107
- Gross operating margin +€4,563
up €4,563 (+160.8%), from €2,837 to €7,400
- Financial charges +€953
up €953 (+221.3%), from €431 to €1,384
- Depreciation +€424
up €424 (+17.8%), from €2,382 to €2,805
- Taxes +€302
up €302 (+42.5%), from €710 to €1,011
- Other operating charges -€96
down €96 (-23.0%), from €417 to €321
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 | €30,510 | €30,551 | +€41 | +0.1% |
| Fixed assets | 21/28 | €17,141 | €15,429 | -€1,712 | -10.0% |
| Tangible fixed assets | 22/27 | €13,941 | €12,229 | -€1,712 | -12.3% |
| Plant, machinery and equipment | 23 | €318 | - | -€318 | |
| Furniture and vehicles | 24 | €3,936 | €3,768 | -€168 | -4.3% |
| Other tangible fixed assets | 26 | €9,687 | €8,461 | -€1,226 | -12.7% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €13,370 | €15,122 | +€1,753 | +13.1% |
| Amounts receivable within one year | 40/41 | €6,016 | €4,493 | -€1,524 | -25.3% |
| Trade receivables | 40 | €5,703 | €4,493 | -€1,210 | -21.2% |
| Other amounts receivable | 41 | €314 | - | -€314 | |
| Cash at bank and in hand | 54/58 | €5,015 | €8,179 | +€3,164 | +63.1% |
| Deferred charges and accrued income | 490/1 | €2,339 | €2,451 | +€112 | +4.8% |
| Total equity and liabilities | 10/49 | €30,510 | €30,551 | +€41 | +0.1% |
| Equity | 10/15 | €6,786 | €8,697 | +€1,911 | +28.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,786 | €5,697 | +€1,911 | +50.5% |
| Amounts payable | 17/49 | €23,725 | €21,854 | -€1,871 | -7.9% |
| Amounts payable within one year | 42/48 | €23,725 | €21,854 | -€1,871 | -7.9% |
| Trade debts | 44 | €5,273 | €4,527 | -€746 | -14.1% |
| Suppliers | 440/4 | €5,273 | €4,527 | -€746 | -14.1% |
| Taxes, remuneration and social security | 45 | €4,989 | €3,220 | -€1,768 | -35.4% |
| Taxes | 450/3 | €4,989 | €3,220 | -€1,768 | -35.4% |
| Other amounts payable | 47/48 | €13,464 | €14,107 | +€643 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,382 | €2,805 | +€424 | +17.8% |
| Other operating charges | 640/8 | €417 | €321 | -€96 | -23.0% |
| Gross operating margin | 9900 | €2,837 | €7,400 | +€4,563 | +160.8% |
| Operating profit (loss) | 9901 | €38 | €4,273 | +€4,235 | +11107.0% |
| Financial income | 75/76B | €20 | €33 | +€13 | +65.4% |
| Recurring financial income | 75 | €20 | €33 | +€13 | +65.4% |
| Financial charges | 65/66B | €431 | €1,384 | +€953 | +221.3% |
| Recurring financial charges | 65 | €431 | €1,384 | +€953 | +221.3% |
| Profit (loss) for the period before taxes | 9903 | -€372 | €2,923 | +€3,295 | |
| Income taxes | 67/77 | €710 | €1,011 | +€302 | +42.5% |
| Profit (loss) for the period | 9904 | -€1,082 | €1,911 | +€2,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,082 | €1,911 | +€2,994 |
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.