EMARLO: 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.
EMARLO
Largest movements
- Current investments +€27,812
up €27,812 (+293.4%), from €9,478 to €37,290
- Cash -€6,713
down €6,713 (-4.6%), from €146,114 to €139,401
mainly Contributions, distributions and other (-€100,000) and Current investments (-€27,812)
- Tangible fixed assets -€3,280
down €3,280 (-50.5%), from €6,490 to €3,210
of which Furniture and vehicles: -€2,212
- Receivables within one year -€2,060
down €2,060 (-13.6%), from €15,125 to €13,065
of which Trade receivables: -€2,250
- Other debts +€83,930
up €83,930 (+4556.4%), from €1,842 to €85,772
- Reserves -€65,900
down €65,900 (-47.5%), from €138,735 to €72,835
- Trade debts -€3,562
down €3,562 (-98.5%), from €3,616 to €54
- Gross operating margin -€6,335
down €6,335 (-11.5%), from €54,977 to €48,641
- Financial income +€933
up €933 (+301.7%), from €309 to €1,242
- Taxes -€932
down €932 (-8.5%), from €10,966 to €10,034
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 | €177,596 | €193,608 | +€16,011 | +9.0% |
| Fixed assets | 21/28 | €6,490 | €3,210 | -€3,280 | -50.5% |
| Tangible fixed assets | 22/27 | €6,490 | €3,210 | -€3,280 | -50.5% |
| Plant, machinery and equipment | 23 | €2,052 | €984 | -€1,068 | -52.1% |
| Furniture and vehicles | 24 | €4,438 | €2,227 | -€2,212 | -49.8% |
| Current assets | 29/58 | €171,106 | €190,397 | +€19,291 | +11.3% |
| Amounts receivable within one year | 40/41 | €15,125 | €13,065 | -€2,060 | -13.6% |
| Trade receivables | 40 | €15,125 | €12,875 | -€2,250 | -14.9% |
| Other amounts receivable | 41 | - | €190 | +€190 | |
| Current investments | 50/53 | €9,478 | €37,290 | +€27,812 | +293.4% |
| Cash at bank and in hand | 54/58 | €146,114 | €139,401 | -€6,713 | -4.6% |
| Deferred charges and accrued income | 490/1 | €389 | €642 | +€253 | +64.9% |
| Total equity and liabilities | 10/49 | €177,596 | €193,608 | +€16,011 | +9.0% |
| Equity | 10/15 | €141,735 | €75,835 | -€65,900 | -46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €138,735 | €72,835 | -€65,900 | -47.5% |
| Distributable reserves | 133 | €138,735 | €72,835 | -€65,900 | -47.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,861 | €117,773 | +€81,911 | +228.4% |
| Amounts payable within one year | 42/48 | €35,429 | €116,400 | +€80,972 | +228.5% |
| Trade debts | 44 | €3,616 | €54 | -€3,562 | -98.5% |
| Suppliers | 440/4 | €3,616 | €54 | -€3,562 | -98.5% |
| Taxes, remuneration and social security | 45 | €29,971 | €30,574 | +€603 | +2.0% |
| Taxes | 450/3 | €26,521 | €27,574 | +€1,053 | +4.0% |
| Remuneration and social security | 454/9 | €3,450 | €3,000 | -€450 | -13.0% |
| Other amounts payable | 47/48 | €1,842 | €85,772 | +€83,930 | +4556.4% |
| Accrued charges and deferred income | 492/3 | €433 | €1,372 | +€940 | +217.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,226 | €3,280 | +€54 | +1.7% |
| Other operating charges | 640/8 | €448 | €559 | +€111 | +24.7% |
| Gross operating margin | 9900 | €54,977 | €48,641 | -€6,335 | -11.5% |
| Operating profit (loss) | 9901 | €51,303 | €44,802 | -€6,501 | -12.7% |
| Financial income | 75/76B | €309 | €1,242 | +€933 | +301.7% |
| Recurring financial income | 75 | €309 | €1,242 | +€933 | +301.7% |
| Financial charges | 65/66B | €1,817 | €1,910 | +€92 | +5.1% |
| Recurring financial charges | 65 | €1,817 | €1,910 | +€92 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €49,795 | €44,134 | -€5,660 | -11.4% |
| Income taxes | 67/77 | €10,966 | €10,034 | -€932 | -8.5% |
| Profit (loss) for the period | 9904 | €38,828 | €34,100 | -€4,728 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,828 | €34,100 | -€4,728 | -12.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.