EMAACK: 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.
EMAACK
Largest movements
- Cash -€2,442
down €2,442 (-77.3%), from €3,159 to €716
mainly Trade debts (-€15,621) and Investment in fixed assets (net) (-€3,468)
- Trade debts -€15,621
down €15,621 (-72.3%), from €21,597 to €5,975
- Current portion of long-term debt +€8,228
new in 2025: €8,228
- Profit (loss) carried forward +€3,716
up €3,716 (+33.5%), from -€11,088 to -€7,372
- Tax, wage and social debts +€2,109
up €2,109 (+362.8%), from €581 to €2,690
of which Remuneration and social security: +€2,301
- Short-term financial debts -€1,962
down €1,962 (-100.0%), from €1,962 to €0
- Gross operating margin +€11,620
up €11,620, from -€7,068 to €4,552
- Financial income +€4,743
up €4,743 (+5073.3%), from €93 to €4,836
- Depreciation +€1,139
up €1,139 (+42.6%), from €2,672 to €3,812
- Financial charges +€978
up €978 (+140.5%), from €696 to €1,674
- Taxes -€581
down €581, from €0 to -€581
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 | €128,201 | €124,930 | -€3,271 | -2.6% |
| Fixed assets | 21/28 | €11,782 | €11,439 | -€343 | -2.9% |
| Tangible fixed assets | 22/27 | €11,782 | €11,439 | -€343 | -2.9% |
| Furniture and vehicles | 24 | €4,578 | €5,203 | +€625 | +13.7% |
| Other tangible fixed assets | 26 | €7,204 | €6,236 | -€968 | -13.4% |
| Current assets | 29/58 | €116,419 | €113,491 | -€2,928 | -2.5% |
| Amounts receivable within one year | 40/41 | €112,396 | €112,753 | +€357 | +0.3% |
| Trade receivables | 40 | €22,657 | €7,315 | -€15,342 | -67.7% |
| Other amounts receivable | 41 | €89,739 | €105,438 | +€15,699 | +17.5% |
| Cash at bank and in hand | 54/58 | €3,159 | €716 | -€2,442 | -77.3% |
| Deferred charges and accrued income | 490/1 | €865 | €22 | -€842 | -97.4% |
| Total equity and liabilities | 10/49 | €128,201 | €124,930 | -€3,271 | -2.6% |
| Equity | 10/15 | €98,876 | €102,592 | +€3,716 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,964 | €104,964 | = | 0.0% |
| Distributable reserves | 133 | €104,964 | €104,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,088 | -€7,372 | +€3,716 | +33.5% |
| Amounts payable | 17/49 | €29,325 | €22,338 | -€6,987 | -23.8% |
| Amounts payable within one year | 42/48 | €29,325 | €22,338 | -€6,987 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,228 | +€8,228 | |
| Financial debts | 43 | €1,962 | €0 | -€1,962 | -100.0% |
| Credit institutions | 430/8 | €1,962 | €0 | -€1,962 | -100.0% |
| Trade debts | 44 | €21,597 | €5,975 | -€15,621 | -72.3% |
| Suppliers | 440/4 | €21,597 | €5,975 | -€15,621 | -72.3% |
| Taxes, remuneration and social security | 45 | €581 | €2,690 | +€2,109 | +362.8% |
| Taxes | 450/3 | €581 | €389 | -€192 | -33.0% |
| Remuneration and social security | 454/9 | - | €2,301 | +€2,301 | |
| Other amounts payable | 47/48 | €5,185 | €5,445 | +€261 | +5.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,672 | €3,812 | +€1,139 | +42.6% |
| Other operating charges | 640/8 | €746 | €768 | +€22 | +3.0% |
| Gross operating margin | 9900 | -€7,068 | €4,552 | +€11,620 | |
| Operating profit (loss) | 9901 | -€10,486 | -€28 | +€10,458 | +99.7% |
| Financial income | 75/76B | €93 | €4,836 | +€4,743 | +5073.3% |
| Recurring financial income | 75 | €93 | €4,836 | +€4,743 | +5073.3% |
| Financial charges | 65/66B | €696 | €1,674 | +€978 | +140.5% |
| Recurring financial charges | 65 | €696 | €1,674 | +€978 | +140.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,088 | €3,135 | +€14,223 | |
| Income taxes | 67/77 | €0 | -€581 | -€581 | |
| Profit (loss) for the period | 9904 | -€11,088 | €3,716 | +€14,804 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,088 | €3,716 | +€14,804 |
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.