Ema Kaua: 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.
Ema Kaua
Largest movements
- Receivables within one year +€36,894
up €36,894 (+43.8%), from €84,305 to €121,198
of which Trade receivables: +€34,363
- Cash +€20,363
up €20,363 (+115%), from €17,649 to €38,012
mainly Trade debts (+€41,761) and Net result for the year (+€20,925)
- Trade debts +€41,761
up €41,761 (+75.1%), from €55,622 to €97,383
- Profit (loss) carried forward +€20,925
up €20,925 (+82.3%), from €25,421 to €46,346
- Current portion of long-term debt -€4,906
down €4,906 (-74.1%), from €6,618 to €1,713
- Tax, wage and social debts +€1,769
up €1,769 (+22.2%), from €7,953 to €9,721
of which Taxes: +€4,469
- Gross operating margin +€19,519
up €19,519 (+168%), from €11,597 to €31,116
- Taxes +€2,622
up €2,622 (+49.9%), from €5,253 to €7,874
- Financial income -€1,826
no longer reported in 2025 (was €1,826)
- Financial charges +€781
up €781 (+52.7%), from €1,482 to €2,263
- Other operating charges -€774
down €774 (-93.6%), from €827 to €53
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 | €101,954 | €159,210 | +€57,256 | +56.2% |
| Current assets | 29/58 | €101,954 | €159,210 | +€57,256 | +56.2% |
| Amounts receivable within one year | 40/41 | €84,305 | €121,198 | +€36,894 | +43.8% |
| Trade receivables | 40 | €34,640 | €69,003 | +€34,363 | +99.2% |
| Other amounts receivable | 41 | €49,665 | €52,196 | +€2,531 | +5.1% |
| Cash at bank and in hand | 54/58 | €17,649 | €38,012 | +€20,363 | +115% |
| Total equity and liabilities | 10/49 | €101,954 | €159,210 | +€57,256 | +56.2% |
| Equity | 10/15 | €28,421 | €49,346 | +€20,925 | +73.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,421 | €46,346 | +€20,925 | +82.3% |
| Amounts payable | 17/49 | €73,533 | €109,864 | +€36,331 | +49.4% |
| Amounts payable after more than one year | 17 | €1,139 | - | -€1,139 | |
| Financial debts | 170/4 | €1,139 | - | -€1,139 | |
| Amounts payable within one year | 42/48 | €72,394 | €109,864 | +€37,470 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €6,618 | €1,713 | -€4,906 | -74.1% |
| Financial debts | 43 | €2,201 | €1,047 | -€1,154 | -52.4% |
| Credit institutions | 430/8 | €2,201 | €1,047 | -€1,154 | -52.4% |
| Trade debts | 44 | €55,622 | €97,383 | +€41,761 | +75.1% |
| Suppliers | 440/4 | €55,622 | €97,383 | +€41,761 | +75.1% |
| Taxes, remuneration and social security | 45 | €7,953 | €9,721 | +€1,769 | +22.2% |
| Taxes | 450/3 | €5,253 | €9,721 | +€4,469 | +85.1% |
| Remuneration and social security | 454/9 | €2,700 | - | -€2,700 | |
| Other operating charges | 640/8 | €827 | €53 | -€774 | -93.6% |
| Non-recurring operating charges | 66A | €2,479 | - | -€2,479 | |
| Gross operating margin | 9900 | €11,597 | €31,116 | +€19,519 | +168% |
| Operating profit (loss) | 9901 | €8,291 | €31,063 | +€22,772 | +275% |
| Financial income | 75/76B | €1,826 | - | -€1,826 | |
| Recurring financial income | 75 | €1,826 | - | -€1,826 | |
| Financial charges | 65/66B | €1,482 | €2,263 | +€781 | +52.7% |
| Recurring financial charges | 65 | €1,482 | €2,263 | +€781 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €8,635 | €28,800 | +€20,165 | +234% |
| Income taxes | 67/77 | €5,253 | €7,874 | +€2,622 | +49.9% |
| Profit (loss) for the period | 9904 | €3,382 | €20,925 | +€17,543 | +519% |
| Profit (loss) for the period to be appropriated | 9905 | €3,382 | €20,925 | +€17,543 | +519% |
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 18 October 2026 via checked.be.