EMART: 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.
EMART
Largest movements
- Receivables within one year +€7,863
up €7,863 (+5415.1%), from €145 to €8,008
of which Other amounts receivable: +€4,593
- Deferred charges and accrued income -€852
no longer reported in 2025 (was €852)
- Tangible fixed assets -€670
down €670 (-72.8%), from €921 to €250
- Cash +€306
up €306 (+6.2%), from €4,937 to €5,243
mainly Net result for the year (+€12,175) and Tax, wage and social debts (+€3,561)
- Profit (loss) carried forward +€12,175
up €12,175 (+69.8%), from -€17,453 to -€5,278
- Other debts -€10,603
down €10,603 (-69.3%), from €15,292 to €4,690
- Tax, wage and social debts +€3,561
up €3,561 (+66.8%), from €5,327 to €8,888
of which Taxes: +€3,563
- Trade debts +€1,513
up €1,513 (+127.4%), from €1,188 to €2,701
- Gross operating margin +€12,985
up €12,985 (+270.9%), from €4,792 to €17,777
- Financial income -€6,126
down €6,126 (-99.1%), from €6,184 to €58
- Taxes +€2,544
new in 2025: €2,544
- Depreciation -€1,441
down €1,441 (-68.2%), from €2,111 to €670
- Financial charges -€1,086
down €1,086 (-40.8%), from €2,660 to €1,573
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 | €6,855 | €13,501 | +€6,647 | +97.0% |
| Fixed assets | 21/28 | €921 | €250 | -€670 | -72.8% |
| Tangible fixed assets | 22/27 | €921 | €250 | -€670 | -72.8% |
| Furniture and vehicles | 24 | €921 | €250 | -€670 | -72.8% |
| Current assets | 29/58 | €5,934 | €13,251 | +€7,317 | +123.3% |
| Amounts receivable within one year | 40/41 | €145 | €8,008 | +€7,863 | +5415.1% |
| Trade receivables | 40 | €145 | €3,415 | +€3,270 | +2251.8% |
| Other amounts receivable | 41 | - | €4,593 | +€4,593 | |
| Cash at bank and in hand | 54/58 | €4,937 | €5,243 | +€306 | +6.2% |
| Deferred charges and accrued income | 490/1 | €852 | - | -€852 | |
| Total equity and liabilities | 10/49 | €6,855 | €13,501 | +€6,647 | +97.0% |
| Equity | 10/15 | -€14,953 | -€2,778 | +€12,175 | +81.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,453 | -€5,278 | +€12,175 | +69.8% |
| Amounts payable | 17/49 | €21,808 | €16,279 | -€5,528 | -25.4% |
| Amounts payable within one year | 42/48 | €21,808 | €16,279 | -€5,528 | -25.4% |
| Trade debts | 44 | €1,188 | €2,701 | +€1,513 | +127.4% |
| Suppliers | 440/4 | €1,188 | €2,701 | +€1,513 | +127.4% |
| Taxes, remuneration and social security | 45 | €5,327 | €8,888 | +€3,561 | +66.8% |
| Taxes | 450/3 | €5,325 | €8,888 | +€3,563 | +66.9% |
| Remuneration and social security | 454/9 | €2 | - | -€2 | |
| Other amounts payable | 47/48 | €15,292 | €4,690 | -€10,603 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,111 | €670 | -€1,441 | -68.2% |
| Other operating charges | 640/8 | €510 | €873 | +€363 | +71.0% |
| Gross operating margin | 9900 | €4,792 | €17,777 | +€12,985 | +270.9% |
| Operating profit (loss) | 9901 | €2,171 | €16,234 | +€14,063 | +647.8% |
| Financial income | 75/76B | €6,184 | €58 | -€6,126 | -99.1% |
| Recurring financial income | 75 | €6,184 | €58 | -€6,126 | -99.1% |
| Financial charges | 65/66B | €2,660 | €1,573 | -€1,086 | -40.8% |
| Recurring financial charges | 65 | €2,660 | €1,573 | -€1,086 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €5,695 | €14,719 | +€9,024 | +158.4% |
| Income taxes | 67/77 | - | €2,544 | +€2,544 | |
| Profit (loss) for the period | 9904 | €5,695 | €12,175 | +€6,480 | +113.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,695 | €12,175 | +€6,480 | +113.8% |
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 9 October 2026 via checked.be.