EMANUELE: 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.
EMANUELE
Largest movements
- Current investments -€100,000
down €100,000 (-66.6%), from €150,080 to €50,080
- Cash +€79,681
up €79,681 (+28.1%), from €283,581 to €363,262
mainly Current investments (+€100,000) and Trade debts (+€27,075)
- Stocks and contracts +€14,075
new in 2024: €14,075
- Advances received -€52,599
no longer reported in 2024 (was €52,599)
- Trade debts +€27,075
up €27,075 (+186.7%), from €14,505 to €41,580
- Reserves +€15,000
up €15,000 (+4.0%), from €377,600 to €392,600
of which Distributable reserves: +€15,000
- Tax, wage and social debts +€7,057
up €7,057 (+27112.7%), from €26 to €7,083
of which Remuneration and social security: +€4,597
- Gross operating margin -€15,422
down €15,422 (-17.7%), from €87,063 to €71,641
- Staff costs +€10,631
up €10,631 (+26.3%), from €40,467 to €51,098
- Write-downs -€8,511
new in 2024: -€8,511
- Financial income +€2,085
up €2,085 (+236.7%), from €881 to €2,967
- Other operating charges -€942
down €942 (-29.9%), from €3,154 to €2,212
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,746 | €485,757 | -€2,989 | -0.6% |
| Fixed assets | 21/28 | €2,967 | €2,211 | -€755 | -25.5% |
| Tangible fixed assets | 22/27 | €2,595 | €1,840 | -€755 | -29.1% |
| Plant, machinery and equipment | 23 | €2,106 | €1,471 | -€636 | -30.2% |
| Furniture and vehicles | 24 | €489 | €369 | -€120 | -24.5% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €485,779 | €483,546 | -€2,234 | -0.5% |
| Stocks and contracts in progress | 3 | - | €14,075 | +€14,075 | |
| Stocks | 30/36 | - | €14,075 | +€14,075 | |
| Amounts receivable within one year | 40/41 | €52,118 | €56,129 | +€4,011 | +7.7% |
| Trade receivables | 40 | €1,805 | - | -€1,805 | |
| Other amounts receivable | 41 | €50,313 | €56,129 | +€5,816 | +11.6% |
| Current investments | 50/53 | €150,080 | €50,080 | -€100,000 | -66.6% |
| Cash at bank and in hand | 54/58 | €283,581 | €363,262 | +€79,681 | +28.1% |
| Total equity and liabilities | 10/49 | €488,746 | €485,757 | -€2,989 | -0.6% |
| Equity | 10/15 | €409,458 | €424,292 | +€14,835 | +3.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €377,600 | €392,600 | +€15,000 | +4.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €360,000 | €375,000 | +€15,000 | +4.2% |
| Profit (loss) carried forward | 14 | €858 | €692 | -€165 | -19.3% |
| Amounts payable | 17/49 | €79,288 | €61,465 | -€17,823 | -22.5% |
| Amounts payable within one year | 42/48 | €79,288 | €61,465 | -€17,823 | -22.5% |
| Financial debts | 43 | €5,543 | €5,871 | +€329 | +5.9% |
| Credit institutions | 430/8 | €5,543 | €5,871 | +€329 | +5.9% |
| Trade debts | 44 | €14,505 | €41,580 | +€27,075 | +186.7% |
| Suppliers | 440/4 | €14,505 | €41,580 | +€27,075 | +186.7% |
| Advances received on contracts in progress | 46 | €52,599 | - | -€52,599 | |
| Taxes, remuneration and social security | 45 | €26 | €7,083 | +€7,057 | +27112.7% |
| Taxes | 450/3 | €26 | €2,487 | +€2,461 | +9452.6% |
| Remuneration and social security | 454/9 | - | €4,597 | +€4,597 | |
| Other amounts payable | 47/48 | €6,615 | €6,930 | +€314 | +4.8% |
| Remuneration, social security and pensions | 62 | €40,467 | €51,098 | +€10,631 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942 | €755 | -€187 | -19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,511 | -€8,511 | |
| Other operating charges | 640/8 | €3,154 | €2,212 | -€942 | -29.9% |
| Non-recurring operating charges | 66A | - | €8,511 | +€8,511 | |
| Gross operating margin | 9900 | €87,063 | €71,641 | -€15,422 | -17.7% |
| Operating profit (loss) | 9901 | €42,500 | €17,576 | -€24,924 | -58.6% |
| Financial income | 75/76B | €881 | €2,967 | +€2,085 | +236.7% |
| Recurring financial income | 75 | €881 | €2,967 | +€2,085 | +236.7% |
| Financial charges | 65/66B | €788 | €1,083 | +€295 | +37.5% |
| Recurring financial charges | 65 | €788 | €1,083 | +€295 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €42,593 | €19,459 | -€23,134 | -54.3% |
| Income taxes | 67/77 | €5,517 | €4,625 | -€892 | -16.2% |
| Profit (loss) for the period | 9904 | €37,077 | €14,835 | -€22,242 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,077 | €14,835 | -€22,242 | -60.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.