EMAN-service: 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.
EMAN-service
Largest movements
- Tangible fixed assets +€61,593
up €61,593 (+397%), from €15,528 to €77,121
of which Leasing and similar rights: +€70,488
- Receivables within one year +€37,471
up €37,471 (+11.4%), from €329,026 to €366,497
of which Trade receivables: +€57,494
- Debts after one year +€46,164
new in 2025: €46,164
- Reserves +€30,274
up €30,274 (+6.0%), from €505,468 to €535,742
- Current portion of long-term debt +€11,928
new in 2025: €11,928
- Tax, wage and social debts +€8,658
up €8,658 (+149%), from €5,794 to €14,452
of which Taxes: +€7,388
- Gross operating margin +€77,957
up €77,957 (+34.4%), from €226,927 to €304,883
- Taxes +€13,872
up €13,872 (+30.8%), from €45,050 to €58,922
- Staff costs +€4,571
up €4,571 (+13.4%), from €34,087 to €38,658
- Depreciation +€3,470
up €3,470 (+54.1%), from €6,414 to €9,884
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 | €532,119 | €629,067 | +€96,948 | +18.2% |
| Fixed assets | 21/28 | €85,528 | €147,121 | +€61,593 | +72.0% |
| Tangible fixed assets | 22/27 | €15,528 | €77,121 | +€61,593 | +397% |
| Land and buildings | 22 | €968 | €787 | -€181 | -18.7% |
| Plant, machinery and equipment | 23 | €2,968 | €1,970 | -€998 | -33.6% |
| Furniture and vehicles | 24 | €11,592 | €3,876 | -€7,715 | -66.6% |
| Leasing and similar rights | 25 | - | €70,488 | +€70,488 | |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €446,591 | €481,946 | +€35,355 | +7.9% |
| Amounts receivable within one year | 40/41 | €329,026 | €366,497 | +€37,471 | +11.4% |
| Trade receivables | 40 | €288,877 | €346,371 | +€57,494 | +19.9% |
| Other amounts receivable | 41 | €40,149 | €20,126 | -€20,023 | -49.9% |
| Cash at bank and in hand | 54/58 | €116,905 | €112,913 | -€3,991 | -3.4% |
| Deferred charges and accrued income | 490/1 | €660 | €2,535 | +€1,875 | +284% |
| Total equity and liabilities | 10/49 | €532,119 | €629,067 | +€96,948 | +18.2% |
| Equity | 10/15 | €524,068 | €554,342 | +€30,274 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €505,468 | €535,742 | +€30,274 | +6.0% |
| Distributable reserves | 133 | €505,468 | €535,742 | +€30,274 | +6.0% |
| Amounts payable | 17/49 | €8,051 | €74,725 | +€66,674 | +828% |
| Amounts payable after more than one year | 17 | - | €46,164 | +€46,164 | |
| Financial debts | 170/4 | - | €46,164 | +€46,164 | |
| Amounts payable within one year | 42/48 | €8,051 | €28,561 | +€20,510 | +255% |
| Current portion of amounts payable after more than one year | 42 | - | €11,928 | +€11,928 | |
| Trade debts | 44 | €1,298 | €1,298 | +€1 | 0.0% |
| Suppliers | 440/4 | €1,298 | €1,298 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €5,794 | €14,452 | +€8,658 | +149% |
| Taxes | 450/3 | - | €7,388 | +€7,388 | |
| Remuneration and social security | 454/9 | €5,794 | €7,064 | +€1,270 | +21.9% |
| Other amounts payable | 47/48 | €959 | €882 | -€77 | -8.0% |
| Remuneration, social security and pensions | 62 | €34,087 | €38,658 | +€4,571 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,414 | €9,884 | +€3,470 | +54.1% |
| Other operating charges | 640/8 | €1,069 | €1,376 | +€307 | +28.7% |
| Gross operating margin | 9900 | €226,927 | €304,883 | +€77,957 | +34.4% |
| Operating profit (loss) | 9901 | €185,356 | €254,965 | +€69,609 | +37.6% |
| Financial income | 75/76B | €49 | €111 | +€63 | +128% |
| Recurring financial income | 75 | €49 | €111 | +€63 | +128% |
| Financial charges | 65/66B | €84 | €881 | +€798 | +953% |
| Recurring financial charges | 65 | €84 | €881 | +€798 | +953% |
| Profit (loss) for the period before taxes | 9903 | €185,321 | €254,195 | +€68,874 | +37.2% |
| Income taxes | 67/77 | €45,050 | €58,922 | +€13,872 | +30.8% |
| Profit (loss) for the period | 9904 | €140,272 | €195,274 | +€55,002 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €140,272 | €195,274 | +€55,002 | +39.2% |
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 19 October 2026 via checked.be.