EMARLO VENUES: 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.
EMARLO VENUES
Largest movements
- Stocks and contracts +€40,500
new in 2025: €40,500
- Tangible fixed assets -€26,193
down €26,193 (-3.4%), from €759,775 to €733,582
of which Assets under construction and advance payments: -€28,800
- Debts after one year +€24,836
up €24,836 (+5.3%), from €469,947 to €494,783
- Profit (loss) carried forward -€13,368
down €13,368 (-4.2%), from -€314,831 to -€328,199
- Trade debts +€11,195
up €11,195 (+76.7%), from €14,590 to €25,784
- Gross operating margin +€24,532
up €24,532, from -€9,455 to €15,076
- Depreciation +€628
up €628 (+2.3%), from €27,817 to €28,444
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 | €776,765 | €798,831 | +€22,066 | +2.8% |
| Formation expenses | 20 | €5,210 | €9,233 | +€4,023 | +77.2% |
| Fixed assets | 21/28 | €759,775 | €733,582 | -€26,193 | -3.4% |
| Tangible fixed assets | 22/27 | €759,775 | €733,582 | -€26,193 | -3.4% |
| Land and buildings | 22 | €450,633 | €447,967 | -€2,667 | -0.6% |
| Plant, machinery and equipment | 23 | €483 | €7,285 | +€6,802 | +1,408% |
| Furniture and vehicles | 24 | €1,458 | €1,230 | -€228 | -15.7% |
| Other tangible fixed assets | 26 | €3,900 | €2,600 | -€1,300 | -33.3% |
| Assets under construction and advance payments | 27 | €303,300 | €274,500 | -€28,800 | -9.5% |
| Current assets | 29/58 | €11,780 | €56,016 | +€44,235 | +376% |
| Stocks and contracts in progress | 3 | - | €40,500 | +€40,500 | |
| Stocks | 30/36 | - | €40,500 | +€40,500 | |
| Amounts receivable within one year | 40/41 | €9,983 | €14,293 | +€4,310 | +43.2% |
| Trade receivables | 40 | €9,983 | €12,887 | +€2,904 | +29.1% |
| Other amounts receivable | 41 | - | €1,406 | +€1,406 | |
| Cash at bank and in hand | 54/58 | €1,798 | €1,183 | -€615 | -34.2% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €776,765 | €798,831 | +€22,066 | +2.8% |
| Equity | 10/15 | €274,469 | €261,101 | -€13,368 | -4.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €389,300 | €389,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,831 | -€328,199 | -€13,368 | -4.2% |
| Amounts payable | 17/49 | €502,296 | €537,730 | +€35,434 | +7.1% |
| Amounts payable after more than one year | 17 | €469,947 | €494,783 | +€24,836 | +5.3% |
| Financial debts | 170/4 | €469,947 | €494,783 | +€24,836 | +5.3% |
| Amounts payable within one year | 42/48 | €29,812 | €40,410 | +€10,598 | +35.5% |
| Trade debts | 44 | €14,590 | €25,784 | +€11,195 | +76.7% |
| Suppliers | 440/4 | €14,590 | €25,784 | +€11,195 | +76.7% |
| Other amounts payable | 47/48 | €15,222 | €14,626 | -€597 | -3.9% |
| Accrued charges and deferred income | 492/3 | €2,537 | €2,537 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,817 | €28,444 | +€628 | +2.3% |
| Gross operating margin | 9900 | -€9,455 | €15,076 | +€24,532 | |
| Operating profit (loss) | 9901 | -€37,272 | -€13,368 | +€23,904 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,272 | -€13,368 | +€23,904 | +64.1% |
| Profit (loss) for the period | 9904 | -€37,272 | -€13,368 | +€23,904 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,272 | -€13,368 | +€23,904 | +64.1% |
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 31 October 2026 via checked.be.