EMARI: 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.
EMARI
Largest movements
- Deferred charges and accrued income +€164,303
up €164,303 (+12055.0%), from €1,363 to €165,666
- Cash +€94,194
up €94,194 (+115.8%), from €81,336 to €175,530
mainly Net result for the year (+€327,456) and Other debts (+€326,044)
- Other debts +€326,044
up €326,044 (+12592.5%), from €2,589 to €328,633
- Reserves -€80,131
no longer reported in 2025 (was €80,131)
- Tax, wage and social debts +€13,631
up €13,631 (+1218.6%), from €1,119 to €14,750
- Gross operating margin +€331,733
up €331,733 (+314.0%), from €105,649 to €437,382
- Taxes +€81,738
up €81,738 (+327.6%), from €24,951 to €106,689
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.
Cash bridge derived
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 | €88,265 | €347,565 | +€259,300 | +293.8% |
| Fixed assets | 21/28 | €5,566 | €6,369 | +€803 | +14.4% |
| Tangible fixed assets | 22/27 | €5,566 | €6,369 | +€803 | +14.4% |
| Furniture and vehicles | 24 | €5,566 | €6,369 | +€803 | +14.4% |
| Current assets | 29/58 | €82,699 | €341,196 | +€258,497 | +312.6% |
| Cash at bank and in hand | 54/58 | €81,336 | €175,530 | +€94,194 | +115.8% |
| Deferred charges and accrued income | 490/1 | €1,363 | €165,666 | +€164,303 | +12055.0% |
| Total equity and liabilities | 10/49 | €88,265 | €347,565 | +€259,300 | +293.8% |
| Equity | 10/15 | €83,131 | €3,000 | -€80,131 | -96.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,131 | - | -€80,131 | |
| Distributable reserves | 133 | €80,131 | - | -€80,131 | |
| Amounts payable | 17/49 | €5,134 | €344,565 | +€339,431 | +6611.4% |
| Amounts payable within one year | 42/48 | €5,134 | €344,565 | +€339,431 | +6611.4% |
| Trade debts | 44 | €1,426 | €1,182 | -€244 | -17.1% |
| Suppliers | 440/4 | €1,426 | €1,182 | -€244 | -17.1% |
| Taxes, remuneration and social security | 45 | €1,119 | €14,750 | +€13,631 | +1218.6% |
| Taxes | 450/3 | €1,119 | €14,750 | +€13,631 | +1218.6% |
| Other amounts payable | 47/48 | €2,589 | €328,633 | +€326,044 | +12592.5% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,152 | €2,783 | -€369 | -11.7% |
| Other operating charges | 640/8 | €525 | €738 | +€212 | +40.4% |
| Gross operating margin | 9900 | €105,649 | €437,382 | +€331,733 | +314.0% |
| Operating profit (loss) | 9901 | €101,971 | €433,861 | +€331,890 | +325.5% |
| Financial income | 75/76B | €3,176 | €338 | -€2,837 | -89.3% |
| Recurring financial income | 75 | €3,176 | €338 | -€2,837 | -89.3% |
| Financial charges | 65/66B | €65 | €54 | -€11 | -16.3% |
| Recurring financial charges | 65 | €65 | €54 | -€11 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €105,082 | €434,145 | +€329,063 | +313.1% |
| Income taxes | 67/77 | €24,951 | €106,689 | +€81,738 | +327.6% |
| Profit (loss) for the period | 9904 | €80,131 | €327,456 | +€247,325 | +308.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,131 | €327,456 | +€247,325 | +308.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.