EMARELLE: 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.
EMARELLE
Largest movements
- Cash +€36,400
up €36,400 (+110%), from €33,060 to €69,460
mainly Depreciation (+€21,531) and Net result for the year (+€12,556)
- Tangible fixed assets -€21,531
down €21,531 (-20.9%), from €102,901 to €81,370
of which Plant, machinery and equipment: -€20,536
- Receivables within one year -€3,072
down €3,072 (-23.9%), from €12,845 to €9,773
- Profit (loss) carried forward +€12,556
up €12,556 (+21.0%), from -€59,892 to -€47,335
- Gross operating margin +€12,515
up €12,515 (+54.7%), from €22,869 to €35,384
- Depreciation +€372
up €372 (+1.8%), from €21,159 to €21,531
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 | €151,601 | €164,849 | +€13,247 | +8.7% |
| Fixed assets | 21/28 | €102,986 | €81,455 | -€21,531 | -20.9% |
| Tangible fixed assets | 22/27 | €102,901 | €81,370 | -€21,531 | -20.9% |
| Plant, machinery and equipment | 23 | €100,891 | €80,355 | -€20,536 | -20.4% |
| Furniture and vehicles | 24 | €2,010 | €1,015 | -€995 | -49.5% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €48,615 | €83,393 | +€34,778 | +71.5% |
| Stocks and contracts in progress | 3 | €331 | €296 | -€35 | -10.6% |
| Stocks | 30/36 | €331 | €296 | -€35 | -10.6% |
| Amounts receivable within one year | 40/41 | €12,845 | €9,773 | -€3,072 | -23.9% |
| Trade receivables | 40 | €12,845 | €9,773 | -€3,072 | -23.9% |
| Cash at bank and in hand | 54/58 | €33,060 | €69,460 | +€36,400 | +110% |
| Deferred charges and accrued income | 490/1 | €2,379 | €3,865 | +€1,486 | +62.4% |
| Total equity and liabilities | 10/49 | €151,601 | €164,849 | +€13,247 | +8.7% |
| Equity | 10/15 | -€41,292 | -€28,735 | +€12,556 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,892 | -€47,335 | +€12,556 | +21.0% |
| Amounts payable | 17/49 | €192,893 | €193,584 | +€691 | +0.4% |
| Amounts payable within one year | 42/48 | €192,839 | €193,462 | +€623 | +0.3% |
| Trade debts | 44 | €1,326 | €2,362 | +€1,036 | +78.2% |
| Suppliers | 440/4 | €1,326 | €2,362 | +€1,036 | +78.2% |
| Taxes, remuneration and social security | 45 | €2,677 | €2,410 | -€267 | -10.0% |
| Taxes | 450/3 | €2,677 | €2,410 | -€267 | -10.0% |
| Other amounts payable | 47/48 | €188,836 | €188,690 | -€146 | -0.1% |
| Accrued charges and deferred income | 492/3 | €53 | €122 | +€68 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,159 | €21,531 | +€372 | +1.8% |
| Other operating charges | 640/8 | €1,176 | €1,159 | -€18 | -1.5% |
| Gross operating margin | 9900 | €22,869 | €35,384 | +€12,515 | +54.7% |
| Operating profit (loss) | 9901 | €534 | €12,695 | +€12,161 | +2,277% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €114 | €139 | +€25 | +21.8% |
| Recurring financial charges | 65 | €114 | €139 | +€25 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €475 | €12,556 | +€12,081 | +2,543% |
| Profit (loss) for the period | 9904 | €475 | €12,556 | +€12,081 | +2,543% |
| Profit (loss) for the period to be appropriated | 9905 | €475 | €12,556 | +€12,081 | +2,543% |
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 23 October 2026 via checked.be.