EMADENT: 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.
EMADENT
Largest movements
- Cash +€456,655
up €456,655 (+84.5%), from €540,668 to €997,323
mainly Current investments (+€250,000) and Net result for the year (+€212,667)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year -€93,000
no longer reported in 2025 (was €93,000)
- Tangible fixed assets -€26,254
down €26,254 (-21.1%), from €124,391 to €98,137
of which Leasing and similar rights: -€21,864
- Reserves +€132,663
up €132,663 (+16.6%), from €799,734 to €932,397
- Other debts -€32,296
down €32,296 (-73.5%), from €43,926 to €11,630
- Debts after one year -€14,662
down €14,662 (-28.6%), from €51,346 to €36,684
- Tax, wage and social debts +€11,211
up €11,211 (+13.6%), from €82,465 to €93,676
- Gross operating margin -€7,059
down €7,059 (-2.1%), from €339,055 to €331,997
- Depreciation +€3,914
up €3,914 (+16.2%), from €24,117 to €28,032
- Taxes -€3,829
down €3,829 (-3.9%), from €97,928 to €94,099
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,184 | €1,097,574 | +€89,391 | +8.9% |
| Fixed assets | 21/28 | €124,391 | €98,137 | -€26,254 | -21.1% |
| Tangible fixed assets | 22/27 | €124,391 | €98,137 | -€26,254 | -21.1% |
| Plant, machinery and equipment | 23 | €29,572 | €25,568 | -€4,004 | -13.5% |
| Furniture and vehicles | 24 | €3,083 | €2,999 | -€84 | -2.7% |
| Leasing and similar rights | 25 | €90,476 | €68,612 | -€21,864 | -24.2% |
| Other tangible fixed assets | 26 | €1,260 | €958 | -€303 | -24.0% |
| Current assets | 29/58 | €883,793 | €999,438 | +€115,645 | +13.1% |
| Amounts receivable within one year | 40/41 | €93,000 | - | -€93,000 | |
| Other amounts receivable | 41 | €93,000 | - | -€93,000 | |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €540,668 | €997,323 | +€456,655 | +84.5% |
| Deferred charges and accrued income | 490/1 | €125 | €2,115 | +€1,990 | +1,592% |
| Total equity and liabilities | 10/49 | €1,008,184 | €1,097,574 | +€89,391 | +8.9% |
| Equity | 10/15 | €805,931 | €938,594 | +€132,663 | +16.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €799,734 | €932,397 | +€132,663 | +16.6% |
| Distributable reserves | 133 | €799,734 | €932,397 | +€132,663 | +16.6% |
| Amounts payable | 17/49 | €202,252 | €158,980 | -€43,272 | -21.4% |
| Amounts payable after more than one year | 17 | €51,346 | €36,684 | -€14,662 | -28.6% |
| Financial debts | 170/4 | €51,346 | €36,684 | -€14,662 | -28.6% |
| Amounts payable within one year | 42/48 | €150,906 | €122,296 | -€28,610 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €14,139 | €14,662 | +€523 | +3.7% |
| Trade debts | 44 | €10,375 | €2,328 | -€8,047 | -77.6% |
| Suppliers | 440/4 | €10,375 | €2,328 | -€8,047 | -77.6% |
| Taxes, remuneration and social security | 45 | €82,465 | €93,676 | +€11,211 | +13.6% |
| Taxes | 450/3 | €82,465 | €93,676 | +€11,211 | +13.6% |
| Other amounts payable | 47/48 | €43,926 | €11,630 | -€32,296 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,117 | €28,032 | +€3,914 | +16.2% |
| Other operating charges | 640/8 | €1,540 | €1,025 | -€515 | -33.5% |
| Gross operating margin | 9900 | €339,055 | €331,997 | -€7,059 | -2.1% |
| Operating profit (loss) | 9901 | €313,398 | €302,940 | -€10,458 | -3.3% |
| Financial income | 75/76B | €9,423 | €6,455 | -€2,968 | -31.5% |
| Recurring financial income | 75 | €9,423 | €6,455 | -€2,968 | -31.5% |
| Financial charges | 65/66B | €2,988 | €2,628 | -€360 | -12.0% |
| Recurring financial charges | 65 | €2,988 | €2,628 | -€360 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €319,832 | €306,766 | -€13,066 | -4.1% |
| Income taxes | 67/77 | €97,928 | €94,099 | -€3,829 | -3.9% |
| Profit (loss) for the period | 9904 | €221,904 | €212,667 | -€9,237 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €221,904 | €212,667 | -€9,237 | -4.2% |
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 14 October 2026 via checked.be.