EME-MANAGE: 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.
EME-MANAGE
Largest movements
- Cash +€23,043
up €23,043 (+43.7%), from €52,731 to €75,774
mainly Net result for the year (+€26,092) and Accrued charges and deferred income (+€5,797)
- Receivables within one year +€3,960
up €3,960 (+19.6%), from €20,172 to €24,133
of which Other amounts receivable: +€15,792
- Tangible fixed assets +€1,226
new in 2025: €1,226
- Reserves +€26,092
up €26,092 (+41.4%), from €63,009 to €89,101
- Accrued charges and deferred income +€5,797
up €5,797 (+347%), from €1,670 to €7,467
- Tax, wage and social debts -€3,044
down €3,044 (-100%), from €3,044 to €0
- Gross operating margin -€47,137
down €47,137 (-59.0%), from €79,943 to €32,805
- Taxes -€9,342
down €9,342 (-58.2%), from €16,043 to €6,700
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 | €72,903 | €101,133 | +€28,230 | +38.7% |
| Fixed assets | 21/28 | - | €1,226 | +€1,226 | |
| Tangible fixed assets | 22/27 | - | €1,226 | +€1,226 | |
| Furniture and vehicles | 24 | - | €1,226 | +€1,226 | |
| Current assets | 29/58 | €72,903 | €99,907 | +€27,004 | +37.0% |
| Amounts receivable within one year | 40/41 | €20,172 | €24,133 | +€3,960 | +19.6% |
| Trade receivables | 40 | €17,545 | €5,713 | -€11,832 | -67.4% |
| Other amounts receivable | 41 | €2,627 | €18,419 | +€15,792 | +601% |
| Cash at bank and in hand | 54/58 | €52,731 | €75,774 | +€23,043 | +43.7% |
| Total equity and liabilities | 10/49 | €72,903 | €101,133 | +€28,230 | +38.7% |
| Equity | 10/15 | €66,009 | €92,101 | +€26,092 | +39.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,009 | €89,101 | +€26,092 | +41.4% |
| Distributable reserves | 133 | €63,009 | €89,101 | +€26,092 | +41.4% |
| Amounts payable | 17/49 | €6,894 | €9,033 | +€2,139 | +31.0% |
| Amounts payable within one year | 42/48 | €5,224 | €1,565 | -€3,659 | -70.0% |
| Trade debts | 44 | €2,180 | €1,565 | -€615 | -28.2% |
| Suppliers | 440/4 | €2,180 | €1,565 | -€615 | -28.2% |
| Taxes, remuneration and social security | 45 | €3,044 | €0 | -€3,044 | -100% |
| Taxes | 450/3 | €3,044 | €0 | -€3,044 | -100% |
| Accrued charges and deferred income | 492/3 | €1,670 | €7,467 | +€5,797 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €93 | +€93 | |
| Other operating charges | 640/8 | €834 | €62 | -€772 | -92.6% |
| Gross operating margin | 9900 | €79,943 | €32,805 | -€47,137 | -59.0% |
| Operating profit (loss) | 9901 | €79,109 | €32,650 | -€46,458 | -58.7% |
| Financial income | 75/76B | - | €182 | +€182 | |
| Recurring financial income | 75 | - | €182 | +€182 | |
| Financial charges | 65/66B | €57 | €40 | -€17 | -29.4% |
| Recurring financial charges | 65 | €57 | €40 | -€17 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €79,052 | €32,792 | -€46,260 | -58.5% |
| Income taxes | 67/77 | €16,043 | €6,700 | -€9,342 | -58.2% |
| Profit (loss) for the period | 9904 | €63,009 | €26,092 | -€36,917 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,009 | €26,092 | -€36,917 | -58.6% |
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 16 October 2026 via checked.be.