EMARIS: 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.
EMARIS
Largest movements
- Receivables within one year +€81,215
up €81,215 (+386.1%), from €21,035 to €102,250
of which Other amounts receivable: +€96,956
- Tangible fixed assets +€22,675
up €22,675 (+356.5%), from €6,360 to €29,035
of which Furniture and vehicles: +€22,811
- Cash -€10,184
down €10,184 (-22.7%), from €44,865 to €34,681
mainly Receivables within one year (-€81,215) and Investment in fixed assets (net) (-€31,056)
- Other debts +€50,000
new in 2025: €50,000
- Debts after one year +€20,198
up €20,198 (+265.4%), from €7,610 to €27,808
of which Financial debts: +€21,379
- Reserves +€18,987
up €18,987 (+41.1%), from €46,160 to €65,147
of which Distributable reserves: +€18,987
- Trade debts -€6,362
down €6,362 (-76.8%), from €8,284 to €1,922
- Tax, wage and social debts +€5,009
up €5,009 (+103.1%), from €4,859 to €9,868
- Gross operating margin +€13,947
up €13,947 (+47.1%), from €29,579 to €43,526
- Taxes +€6,363
up €6,363 (+104.1%), from €6,115 to €12,479
- Other operating charges -€2,871
down €2,871 (-73.9%), from €3,887 to €1,016
- Depreciation +€2,333
up €2,333 (+38.6%), from €6,048 to €8,381
- Financial income +€2,047
up €2,047 (+384.3%), from €533 to €2,579
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 | €77,660 | €170,167 | +€92,507 | +119.1% |
| Fixed assets | 21/28 | €6,360 | €29,035 | +€22,675 | +356.5% |
| Tangible fixed assets | 22/27 | €6,360 | €29,035 | +€22,675 | +356.5% |
| Plant, machinery and equipment | 23 | €644 | €508 | -€136 | -21.1% |
| Furniture and vehicles | 24 | €5,716 | €28,527 | +€22,811 | +399.1% |
| Current assets | 29/58 | €71,300 | €141,131 | +€69,831 | +97.9% |
| Amounts receivable within one year | 40/41 | €21,035 | €102,250 | +€81,215 | +386.1% |
| Trade receivables | 40 | €17,991 | €2,250 | -€15,741 | -87.5% |
| Other amounts receivable | 41 | €3,044 | €100,000 | +€96,956 | +3184.7% |
| Cash at bank and in hand | 54/58 | €44,865 | €34,681 | -€10,184 | -22.7% |
| Deferred charges and accrued income | 490/1 | €5,400 | €4,201 | -€1,200 | -22.2% |
| Total equity and liabilities | 10/49 | €77,660 | €170,167 | +€92,507 | +119.1% |
| Equity | 10/15 | €54,860 | €73,847 | +€18,987 | +34.6% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €46,160 | €65,147 | +€18,987 | +41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,300 | €63,287 | +€18,987 | +42.9% |
| Amounts payable | 17/49 | €22,800 | €96,320 | +€73,520 | +322.5% |
| Amounts payable after more than one year | 17 | €7,610 | €27,808 | +€20,198 | +265.4% |
| Financial debts | 170/4 | - | €21,379 | +€21,379 | |
| Other amounts payable | 178/9 | €7,610 | €6,429 | -€1,180 | -15.5% |
| Amounts payable within one year | 42/48 | €15,190 | €67,512 | +€52,322 | +344.4% |
| Current portion of amounts payable after more than one year | 42 | €2,047 | €5,722 | +€3,674 | +179.5% |
| Trade debts | 44 | €8,284 | €1,922 | -€6,362 | -76.8% |
| Suppliers | 440/4 | €8,284 | €1,922 | -€6,362 | -76.8% |
| Taxes, remuneration and social security | 45 | €4,859 | €9,868 | +€5,009 | +103.1% |
| Taxes | 450/3 | €4,859 | €9,868 | +€5,009 | +103.1% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,048 | €8,381 | +€2,333 | +38.6% |
| Other operating charges | 640/8 | €3,887 | €1,016 | -€2,871 | -73.9% |
| Non-recurring operating charges | 66A | €7,496 | €364 | -€7,132 | -95.1% |
| Gross operating margin | 9900 | €29,579 | €43,526 | +€13,947 | +47.1% |
| Operating profit (loss) | 9901 | €12,149 | €33,765 | +€21,616 | +177.9% |
| Financial income | 75/76B | €533 | €2,579 | +€2,047 | +384.3% |
| Recurring financial income | 75 | €533 | €2,579 | +€2,047 | +384.3% |
| Financial charges | 65/66B | €3,438 | €4,879 | +€1,441 | +41.9% |
| Recurring financial charges | 65 | €3,438 | €4,879 | +€1,441 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €9,243 | €31,466 | +€22,222 | +240.4% |
| Income taxes | 67/77 | €6,115 | €12,479 | +€6,363 | +104.1% |
| Profit (loss) for the period | 9904 | €3,128 | €18,987 | +€15,859 | +507.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,128 | €18,987 | +€15,859 | +507.0% |
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 3 October 2026 via checked.be.