EMANIAX: 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.
EMANIAX
Largest movements
- Receivables within one year +€30,936
up €30,936 (+42.0%), from €73,584 to €104,520
of which Other amounts receivable: +€31,057
- Cash +€26,616
up €26,616 (+42.5%), from €62,596 to €89,213
mainly Net result for the year (+€55,845) and Depreciation (+€3,380)
- Deferred charges and accrued income +€3,558
up €3,558 (+592%), from €602 to €4,160
- Reserves +€55,845
up €55,845 (+43.4%), from €128,617 to €184,462
- Tax, wage and social debts +€2,642
up €2,642 (+36.8%), from €7,179 to €9,821
- Financial income +€3,951
up €3,951 (+1,103%), from €358 to €4,309
- Gross operating margin -€3,463
down €3,463 (-4.5%), from €76,320 to €72,857
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 | €140,796 | €200,698 | +€59,902 | +42.5% |
| Fixed assets | 21/28 | €4,015 | €2,806 | -€1,209 | -30.1% |
| Tangible fixed assets | 22/27 | €3,825 | €2,616 | -€1,209 | -31.6% |
| Plant, machinery and equipment | 23 | €3,825 | €2,616 | -€1,209 | -31.6% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €136,781 | €197,892 | +€61,111 | +44.7% |
| Amounts receivable within one year | 40/41 | €73,584 | €104,520 | +€30,936 | +42.0% |
| Trade receivables | 40 | €15,246 | €15,125 | -€121 | -0.8% |
| Other amounts receivable | 41 | €58,338 | €89,395 | +€31,057 | +53.2% |
| Cash at bank and in hand | 54/58 | €62,596 | €89,213 | +€26,616 | +42.5% |
| Deferred charges and accrued income | 490/1 | €602 | €4,160 | +€3,558 | +592% |
| Total equity and liabilities | 10/49 | €140,796 | €200,698 | +€59,902 | +42.5% |
| Equity | 10/15 | €133,617 | €189,462 | +€55,845 | +41.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €128,617 | €184,462 | +€55,845 | +43.4% |
| Distributable reserves | 133 | €128,617 | €184,462 | +€55,845 | +43.4% |
| Amounts payable | 17/49 | €7,179 | €11,236 | +€4,057 | +56.5% |
| Amounts payable within one year | 42/48 | €7,179 | €11,236 | +€4,057 | +56.5% |
| Trade debts | 44 | - | €1,414 | +€1,414 | |
| Suppliers | 440/4 | - | €1,414 | +€1,414 | |
| Taxes, remuneration and social security | 45 | €7,179 | €9,821 | +€2,642 | +36.8% |
| Taxes | 450/3 | €7,179 | €9,821 | +€2,642 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €3,380 | +€244 | +7.8% |
| Other operating charges | 640/8 | €405 | €778 | +€373 | +92.1% |
| Gross operating margin | 9900 | €76,320 | €72,857 | -€3,463 | -4.5% |
| Operating profit (loss) | 9901 | €72,778 | €68,698 | -€4,080 | -5.6% |
| Financial income | 75/76B | €358 | €4,309 | +€3,951 | +1,103% |
| Recurring financial income | 75 | €358 | €4,309 | +€3,951 | +1,103% |
| Financial charges | 65/66B | €1,049 | €988 | -€61 | -5.8% |
| Recurring financial charges | 65 | €1,049 | €988 | -€61 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €72,087 | €72,019 | -€68 | -0.1% |
| Income taxes | 67/77 | €16,485 | €16,174 | -€311 | -1.9% |
| Profit (loss) for the period | 9904 | €55,602 | €55,845 | +€243 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,602 | €55,845 | +€243 | +0.4% |
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 15 October 2026 via checked.be.