emagine: 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.
What changed
emagine
NACE 78.100, Employment placement agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€624,959
2024 · €114,318+€510,642
Equity
€2.3m
2024 · €1.7m+€572,084
Cash
€76,329
2024 · €22,442+€53,887
Balance sheet total
€16.4m
2024 · €15.7m+€720,856
Largest movements
Assets
- Receivables within one year +€4.4m
up €4.4m (+43.4%), from €10.2m to €14.7m
of which Trade receivables: +€4.1m
- Receivables after one year -€3.3m
down €3.3m (-69.8%), from €4.8m to €1.4m
of which Trade receivables: -€3.7m
- Tangible fixed assets -€203,029
down €203,029 (-88.2%), from €230,106 to €27,077
of which Other tangible fixed assets: -€163,719
- Deferred charges and accrued income -€168,097
down €168,097 (-55.9%), from €300,830 to €132,733
Equity and liabilities
- Other debts +€4.0m
new in 2025: €4.0m
- Debts after one year -€1.7m
down €1.7m (-66.7%), from €2.6m to €856,808
of which Financial debts: -€1.7m
- Trade debts -€962,403
down €962,403 (-12.8%), from €7.5m to €6.6m
- Short-term financial debts -€868,146
down €868,146 (-85.1%), from €1.0m to €151,522
- Profit (loss) carried forward +€584,766
up €584,766 (+45.7%), from €1.3m to €1.9m
Income statement
- Turnover -€9.3m
down €9.3m (-20.2%), from €46.3m to €37.0m
- Staff costs -€4.0m
down €4.0m (-47.4%), from €8.5m to €4.5m
- Goods and materials -€3.4m
down €3.4m (-11.7%), from €28.9m to €25.5m
- Services and other goods -€2.7m
down €2.7m (-33.4%), from €8.2m to €5.4m
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.
Result 2024
€114,318
Turnover
-€9.3m
Other operating income
-€134,309
Goods and materials
+€3.4m
Services and other goods
+€2.7m
Staff costs
+€4.0m
Depreciation
+€67,286
Write-downs
-€165,160
Provisions
-€24,300
Other operating charges
-€4,498
Financial income
-€31,252
Financial charges
+€34,738
Taxes
-€48,085
Result 2025
€624,959
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.
From operations
+€2.8m
Investment
+€230,808
Financing
-€2.9m
Cash 2024
€22,442
From operations (derived)
+€2.8m
Net result for the year
+€624,959
Depreciation
+€49,817
Receivables after one year
+€3.3m
Receivables within one year
-€4.4m
Deferred charges and accrued income
+€168,097
Provisions
-€6,599
Trade debts
-€962,403
Tax, wage and social debts
+€71,582
Other debts
+€4.0m
Accrued charges and deferred income
-€113,887
Investment (derived)
+€230,808
Investment in fixed assets (net)
+€230,808
Financing
-€2.9m
Debts after one year
-€1.7m
Current portion of long-term debt
-€298,383
Short-term financial debts
-€868,146
Contributions, distributions and other
-€52,875
Cash 2025
€76,329
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,661,923 | €16,382,779 | +€720,856 | +4.6% |
| Fixed assets | 21/28 | €357,702 | €77,077 | -€280,625 | -78.5% |
| Intangible fixed assets | 21 | €8,196 | - | -€8,196 | |
| Tangible fixed assets | 22/27 | €230,106 | €27,077 | -€203,029 | -88.2% |
| Furniture and vehicles | 24 | €39,310 | - | -€39,310 | |
| Other tangible fixed assets | 26 | €190,796 | €27,077 | -€163,719 | -85.8% |
| Financial fixed assets | 28 | €119,400 | €50,000 | -€69,400 | -58.1% |
| Affiliated companies | 280/1 | €119,400 | €50,000 | -€69,400 | -58.1% |
| Participating interests | 280 | €119,400 | €50,000 | -€69,400 | -58.1% |
| Current assets | 29/58 | €15,304,221 | €16,305,702 | +€1.0m | +6.5% |
| Amounts receivable after more than one year | 29 | €4,760,175 | €1,436,855 | -€3.3m | -69.8% |
| Trade receivables | 290 | €3,669,252 | - | -€3.7m | |
| Other amounts receivable | 291 | €1,090,923 | €1,436,855 | +€345,931 | +31.7% |
| Amounts receivable within one year | 40/41 | €10,220,774 | €14,659,785 | +€4.4m | +43.4% |
| Trade receivables | 40 | €7,624,556 | €11,677,917 | +€4.1m | +53.2% |
| Other amounts receivable | 41 | €2,596,218 | €2,981,868 | +€385,650 | +14.9% |
| Cash at bank and in hand | 54/58 | €22,442 | €76,329 | +€53,887 | +240.1% |
| Deferred charges and accrued income | 490/1 | €300,830 | €132,733 | -€168,097 | -55.9% |
| Total equity and liabilities | 10/49 | €15,661,923 | €16,382,779 | +€720,856 | +4.6% |
| Equity | 10/15 | €1,684,418 | €2,256,501 | +€572,084 | +34.0% |
| Contributions | 10/11 | €180,000 | €174,350 | -€5,650 | -3.1% |
| Capital | 10 | €180,000 | €174,350 | -€5,650 | -3.1% |
| Issued capital | 100 | €180,000 | €174,350 | -€5,650 | -3.1% |
| Reserves | 13 | €223,998 | €216,967 | -€7,031 | -3.1% |
| Non-distributable reserves | 130/1 | €18,000 | €17,435 | -€565 | -3.1% |
| Legal reserve | 130 | - | €17,435 | +€17,435 | |
| Reserves not available under the articles | 1311 | €18,000 | - | -€18,000 | |
| Distributable reserves | 133 | €205,998 | €199,532 | -€6,466 | -3.1% |
| Profit (loss) carried forward | 14 | €1,280,419 | €1,865,185 | +€584,766 | +45.7% |
| Provisions and deferred taxes | 16 | €13,799 | €7,200 | -€6,599 | -47.8% |
| Provisions for liabilities and charges | 160/5 | €13,799 | €7,200 | -€6,599 | -47.8% |
| Other liabilities and charges | 164/5 | €13,799 | €7,200 | -€6,599 | -47.8% |
| Amounts payable | 17/49 | €13,963,706 | €14,119,078 | +€155,372 | +1.1% |
| Amounts payable after more than one year | 17 | €2,574,224 | €856,808 | -€1.7m | -66.7% |
| Financial debts | 170/4 | €2,032,897 | €288,653 | -€1.7m | -85.8% |
| Credit institutions | 173 | €2,032,897 | €288,653 | -€1.7m | -85.8% |
| Other amounts payable | 178/9 | €541,327 | €568,155 | +€26,828 | +5.0% |
| Amounts payable within one year | 42/48 | €11,218,019 | €13,204,693 | +€2.0m | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €1,215,625 | €917,242 | -€298,383 | -24.5% |
| Financial debts | 43 | €1,019,668 | €151,522 | -€868,146 | -85.1% |
| Credit institutions | 430/8 | €1,019,668 | €151,522 | -€868,146 | -85.1% |
| Trade debts | 44 | €7,524,057 | €6,561,654 | -€962,403 | -12.8% |
| Suppliers | 440/4 | €7,524,057 | €6,561,654 | -€962,403 | -12.8% |
| Taxes, remuneration and social security | 45 | €1,458,668 | €1,530,250 | +€71,582 | +4.9% |
| Taxes | 450/3 | €690,328 | €882,081 | +€191,752 | +27.8% |
| Remuneration and social security | 454/9 | €768,340 | €648,170 | -€120,170 | -15.6% |
| Other amounts payable | 47/48 | - | €4,044,024 | +€4.0m | |
| Accrued charges and deferred income | 492/3 | €171,464 | €57,577 | -€113,887 | -66.4% |
| Operating income | 70/76A | €46,601,879 | €37,129,829 | -€9.5m | -20.3% |
| Turnover | 70 | €46,315,109 | €36,977,368 | -€9.3m | -20.2% |
| Other operating income | 74 | €286,770 | €152,461 | -€134,309 | -46.8% |
| Operating charges | 60/66A | €45,741,174 | €35,713,884 | -€10.0m | -21.9% |
| Goods for resale, raw materials and consumables | 60 | €28,880,312 | €25,507,024 | -€3.4m | -11.7% |
| Purchases | 600/8 | €28,880,312 | €25,507,024 | -€3.4m | -11.7% |
| Services and other goods | 61 | €8,174,276 | €5,442,076 | -€2.7m | -33.4% |
| Remuneration, social security and pensions | 62 | €8,539,103 | €4,490,629 | -€4.0m | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,103 | €49,817 | -€67,286 | -57.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,372 | €142,788 | +€165,160 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,100 | €2,200 | +€24,300 | |
| Other operating charges | 640/8 | €74,851 | €79,349 | +€4,498 | +6.0% |
| Operating profit (loss) | 9901 | €860,705 | €1,415,945 | +€555,240 | +64.5% |
| Financial income | 75/76B | €79,503 | €48,252 | -€31,252 | -39.3% |
| Recurring financial income | 75 | €79,503 | €48,252 | -€31,252 | -39.3% |
| Income from financial fixed assets | 750 | - | €6,202 | +€6,202 | |
| Income from current assets | 751 | €4,274 | - | -€4,274 | |
| Other financial income | 752/9 | €75,229 | €42,049 | -€33,180 | -44.1% |
| Financial charges | 65/66B | €573,834 | €539,096 | -€34,738 | -6.1% |
| Recurring financial charges | 65 | €573,834 | €539,096 | -€34,738 | -6.1% |
| Debt charges | 650 | €336,664 | €336,833 | +€169 | +0.1% |
| Other financial charges | 652/9 | €237,170 | €202,263 | -€34,907 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €366,375 | €925,101 | +€558,726 | +152.5% |
| Income taxes | 67/77 | €252,057 | €300,142 | +€48,085 | +19.1% |
| Taxes | 670/3 | €252,057 | €300,142 | +€48,085 | +19.1% |
| Profit (loss) for the period | 9904 | €114,318 | €624,959 | +€510,642 | +446.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,318 | €624,959 | +€510,642 | +446.7% |
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 5 October 2026 via checked.be.