EMACANUP: 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.
EMACANUP
Largest movements
- Cash +€118,615
up €118,615 (+142.4%), from €83,282 to €201,897
mainly Net result for the year (+€215,845) and Depreciation (+€43,349)
- Receivables within one year +€40,130
new in 2025: €40,130
- Intangible fixed assets -€18,000
down €18,000 (-11.8%), from €153,000 to €135,000
- Tangible fixed assets -€17,622
down €17,622 (-19.1%), from €92,027 to €74,405
of which Furniture and vehicles: -€23,910
- Deferred charges and accrued income +€9,025
up €9,025 (+36.2%), from €24,898 to €33,923
- Profit (loss) carried forward +€215,845
up €215,845 (+145.8%), from €148,078 to €363,923
- Other debts -€108,796
no longer reported in 2025 (was €108,796)
- Tax, wage and social debts +€42,261
up €42,261 (+166.5%), from €25,388 to €67,649
- Debts after one year -€17,963
down €17,963 (-36.1%), from €49,782 to €31,818
- Gross operating margin +€166,930
up €166,930 (+103.5%), from €161,237 to €328,168
- Taxes +€42,261
up €42,261 (+173.3%), from €24,388 to €66,649
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 | €353,207 | €485,354 | +€132,147 | +37.4% |
| Fixed assets | 21/28 | €245,027 | €209,405 | -€35,622 | -14.5% |
| Intangible fixed assets | 21 | €153,000 | €135,000 | -€18,000 | -11.8% |
| Tangible fixed assets | 22/27 | €92,027 | €74,405 | -€17,622 | -19.1% |
| Plant, machinery and equipment | 23 | €1,892 | €1,680 | -€212 | -11.2% |
| Furniture and vehicles | 24 | €90,136 | €66,225 | -€23,910 | -26.5% |
| Other tangible fixed assets | 26 | - | €6,500 | +€6,500 | |
| Current assets | 29/58 | €108,180 | €275,949 | +€167,769 | +155.1% |
| Amounts receivable within one year | 40/41 | - | €40,130 | +€40,130 | |
| Other amounts receivable | 41 | - | €40,130 | +€40,130 | |
| Cash at bank and in hand | 54/58 | €83,282 | €201,897 | +€118,615 | +142.4% |
| Deferred charges and accrued income | 490/1 | €24,898 | €33,923 | +€9,025 | +36.2% |
| Total equity and liabilities | 10/49 | €353,207 | €485,354 | +€132,147 | +37.4% |
| Equity | 10/15 | €152,078 | €367,923 | +€215,845 | +141.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,078 | €363,923 | +€215,845 | +145.8% |
| Amounts payable | 17/49 | €201,129 | €117,431 | -€83,698 | -41.6% |
| Amounts payable after more than one year | 17 | €49,782 | €31,818 | -€17,963 | -36.1% |
| Financial debts | 170/4 | €49,782 | €31,818 | -€17,963 | -36.1% |
| Amounts payable within one year | 42/48 | €151,347 | €85,613 | -€65,735 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €17,164 | €17,963 | +€800 | +4.7% |
| Taxes, remuneration and social security | 45 | €25,388 | €67,649 | +€42,261 | +166.5% |
| Taxes | 450/3 | €25,388 | €67,649 | +€42,261 | +166.5% |
| Other amounts payable | 47/48 | €108,796 | - | -€108,796 | |
| Non-recurring operating income | 76A | €1,540 | - | -€1,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,099 | €43,349 | +€250 | +0.6% |
| Other operating charges | 640/8 | €486 | €547 | +€60 | +12.4% |
| Gross operating margin | 9900 | €161,237 | €328,168 | +€166,930 | +103.5% |
| Operating profit (loss) | 9901 | €117,652 | €284,271 | +€166,619 | +141.6% |
| Financial income | 75/76B | - | €1,087 | +€1,087 | |
| Recurring financial income | 75 | - | €1,087 | +€1,087 | |
| Financial charges | 65/66B | €3,463 | €2,865 | -€598 | -17.3% |
| Recurring financial charges | 65 | €3,463 | €2,865 | -€598 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €114,189 | €282,494 | +€168,305 | +147.4% |
| Income taxes | 67/77 | €24,388 | €66,649 | +€42,261 | +173.3% |
| Profit (loss) for the period | 9904 | €89,801 | €215,845 | +€126,043 | +140.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,801 | €215,845 | +€126,043 | +140.4% |
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 29 September 2026 via checked.be.