EMARAN: 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.
EMARAN
Largest movements
- Receivables within one year -€52,230
down €52,230 (-73.7%), from €70,885 to €18,654
of which Trade receivables: -€49,910
- Tangible fixed assets +€3,941
up €3,941 (+75.5%), from €5,218 to €9,159
- Cash -€2,788
down €2,788 (-93.0%), from €2,997 to €210
mainly Trade debts (-€48,398) and Investment in fixed assets (net) (-€6,200)
- Stocks and contracts -€1,468
down €1,468 (-29.7%), from €4,948 to €3,480
- Trade debts -€48,398
down €48,398 (-67.3%), from €71,926 to €23,528
- Profit (loss) carried forward -€2,674
down €2,674, from €566 to -€2,108
- Tax, wage and social debts -€1,473
down €1,473 (-29.4%), from €5,005 to €3,532
of which Remuneration and social security: -€1,325
- Purchases and services +€70,230
up €70,230 (+57.3%), from €122,588 to €192,818
- Turnover +€65,253
up €65,253 (+42.0%), from €155,187 to €220,440
- Staff costs -€3,549
down €3,549 (-10.9%), from €32,411 to €28,862
- Gross operating margin -€3,412
down €3,412 (-10.0%), from €34,269 to €30,857
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 | €85,997 | €33,452 | -€52,545 | -61.1% |
| Fixed assets | 21/28 | €7,168 | €11,109 | +€3,941 | +55.0% |
| Tangible fixed assets | 22/27 | €5,218 | €9,159 | +€3,941 | +75.5% |
| Furniture and vehicles | 24 | €5,218 | €9,159 | +€3,941 | +75.5% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €78,829 | €22,344 | -€56,486 | -71.7% |
| Stocks and contracts in progress | 3 | €4,948 | €3,480 | -€1,468 | -29.7% |
| Stocks | 30/36 | €4,948 | €3,480 | -€1,468 | -29.7% |
| Amounts receivable within one year | 40/41 | €70,885 | €18,654 | -€52,230 | -73.7% |
| Trade receivables | 40 | €68,564 | €18,654 | -€49,910 | -72.8% |
| Other amounts receivable | 41 | €2,321 | - | -€2,321 | |
| Cash at bank and in hand | 54/58 | €2,997 | €210 | -€2,788 | -93.0% |
| Total equity and liabilities | 10/49 | €85,997 | €33,452 | -€52,545 | -61.1% |
| Equity | 10/15 | €9,066 | €6,392 | -€2,674 | -29.5% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €566 | -€2,108 | -€2,674 | |
| Amounts payable | 17/49 | €76,931 | €27,060 | -€49,871 | -64.8% |
| Amounts payable within one year | 42/48 | €76,931 | €27,060 | -€49,871 | -64.8% |
| Trade debts | 44 | €71,926 | €23,528 | -€48,398 | -67.3% |
| Suppliers | 440/4 | €71,926 | €23,528 | -€48,398 | -67.3% |
| Taxes, remuneration and social security | 45 | €5,005 | €3,532 | -€1,473 | -29.4% |
| Taxes | 450/3 | €1,345 | €1,197 | -€149 | -11.1% |
| Remuneration and social security | 454/9 | €3,660 | €2,335 | -€1,325 | -36.2% |
| Turnover | 70 | €155,187 | €220,440 | +€65,253 | +42.0% |
| Non-recurring operating income | 76A | - | €15 | +€15 | |
| Goods, raw materials, services and sundry goods | 60/61 | €122,588 | €192,818 | +€70,230 | +57.3% |
| Remuneration, social security and pensions | 62 | €32,411 | €28,862 | -€3,549 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €2,259 | +€1,634 | +261.3% |
| Other operating charges | 640/8 | €584 | €2,090 | +€1,505 | +257.5% |
| Gross operating margin | 9900 | €34,269 | €30,857 | -€3,412 | -10.0% |
| Operating profit (loss) | 9901 | €649 | -€2,354 | -€3,002 | |
| Financial charges | 65/66B | €83 | €136 | +€54 | +65.0% |
| Recurring financial charges | 65 | €83 | €136 | +€54 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €566 | -€2,490 | -€3,056 | |
| Income taxes | 67/77 | - | €184 | +€184 | |
| Profit (loss) for the period | 9904 | €566 | -€2,674 | -€3,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €566 | -€2,674 | -€3,239 |
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 29 September 2026 via checked.be.