EMANCIPE: 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.
EMANCIPE
Largest movements
- Cash +€39,986
up €39,986 (+16.0%), from €249,880 to €289,866
mainly Net result for the year (+€40,706) and Receivables within one year (+€10,028)
- Receivables within one year -€10,028
down €10,028 (-17.4%), from €57,594 to €47,566
of which Trade receivables: -€5,507
- Tangible fixed assets -€6,604
down €6,604 (-42.6%), from €15,510 to €8,906
of which Plant, machinery and equipment: -€5,949
- Profit (loss) carried forward +€40,706
up €40,706 (+33.2%), from €122,559 to €163,266
- Accrued charges and deferred income -€13,612
down €13,612 (-28.2%), from €48,235 to €34,623
- Trade debts -€6,126
down €6,126 (-79.0%), from €7,757 to €1,631
- Turnover +€110,914
up €110,914 (+65.1%), from €170,335 to €281,249
- Staff costs -€62,203
down €62,203 (-23.8%), from €261,753 to €199,550
- Gross operating margin -€11,998
down €11,998 (-4.6%), from €259,892 to €247,893
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 | €326,749 | €349,391 | +€22,642 | +6.9% |
| Fixed assets | 21/28 | €15,510 | €8,906 | -€6,604 | -42.6% |
| Tangible fixed assets | 22/27 | €15,510 | €8,906 | -€6,604 | -42.6% |
| Plant, machinery and equipment | 23 | €13,217 | €7,268 | -€5,949 | -45.0% |
| Furniture and vehicles | 24 | €2,293 | €1,638 | -€655 | -28.6% |
| Current assets | 29/58 | €311,239 | €340,486 | +€29,246 | +9.4% |
| Amounts receivable within one year | 40/41 | €57,594 | €47,566 | -€10,028 | -17.4% |
| Trade receivables | 40 | €43,521 | €38,013 | -€5,507 | -12.7% |
| Other amounts receivable | 41 | €14,073 | €9,552 | -€4,521 | -32.1% |
| Cash at bank and in hand | 54/58 | €249,880 | €289,866 | +€39,986 | +16.0% |
| Deferred charges and accrued income | 490/1 | €3,766 | €3,054 | -€711 | -18.9% |
| Total equity and liabilities | 10/49 | €326,749 | €349,391 | +€22,642 | +6.9% |
| Equity | 10/15 | €237,082 | €277,788 | +€40,706 | +17.2% |
| Reserves | 13 | €114,522 | €114,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,559 | €163,266 | +€40,706 | +33.2% |
| Amounts payable | 17/49 | €89,667 | €71,603 | -€18,064 | -20.1% |
| Amounts payable within one year | 42/48 | €41,432 | €36,980 | -€4,452 | -10.7% |
| Trade debts | 44 | €7,757 | €1,631 | -€6,126 | -79.0% |
| Suppliers | 440/4 | €7,757 | €1,631 | -€6,126 | -79.0% |
| Taxes, remuneration and social security | 45 | €33,675 | €35,349 | +€1,674 | +5.0% |
| Taxes | 450/3 | €4,180 | €4,568 | +€388 | +9.3% |
| Remuneration and social security | 454/9 | €29,495 | €30,781 | +€1,286 | +4.4% |
| Accrued charges and deferred income | 492/3 | €48,235 | €34,623 | -€13,612 | -28.2% |
| Turnover | 70 | €170,335 | €281,249 | +€110,914 | +65.1% |
| Membership fees, donations, legacies and grants | 73 | €261,330 | €289,135 | +€27,805 | +10.6% |
| Remuneration, social security and pensions | 62 | €261,753 | €199,550 | -€62,203 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,489 | €6,604 | +€115 | +1.8% |
| Gross operating margin | 9900 | €259,892 | €247,893 | -€11,998 | -4.6% |
| Operating profit (loss) | 9901 | -€8,351 | €41,739 | +€50,090 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €199 | €1,032 | +€834 | +419% |
| Recurring financial charges | 65 | €478 | €573 | +€95 | +19.8% |
| Non-recurring financial charges | 66B | -€279 | €460 | +€739 | |
| Profit (loss) for the period before taxes | 9903 | -€8,550 | €40,706 | +€49,256 | |
| Profit (loss) for the period | 9904 | -€8,550 | €40,706 | +€49,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,550 | €40,706 | +€49,256 |
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 13 October 2026 via checked.be.