Emeli: 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.
Emeli
Largest movements
- Tangible fixed assets -€5,700
down €5,700 (-47.4%), from €12,025 to €6,325
- Cash -€1,764
down €1,764 (-9.9%), from €17,764 to €16,000
mainly Other debts (-€13,809) and Debts after one year (-€4,340)
- Receivables within one year -€554
no longer reported in 2025 (was €554)
- Other debts -€13,809
down €13,809 (-61.7%), from €22,380 to €8,572
- Profit (loss) carried forward +€7,466
up €7,466 (+37.3%), from -€20,012 to -€12,545
- Debts after one year -€4,340
down €4,340 (-28.7%), from €15,121 to €10,781
- Trade debts +€2,943
up €2,943 (+153.1%), from €1,923 to €4,866
- Tax, wage and social debts -€567
down €567 (-32.2%), from €1,762 to €1,194
of which Taxes: -€362
- Taxes +€367
up €367 (+1972.2%), from €19 to €386
- Financial charges -€300
down €300 (-15.2%), from €1,979 to €1,679
- Gross operating margin -€292
down €292 (-1.5%), from €19,337 to €19,045
- Staff costs -€271
down €271 (-7.9%), from €3,414 to €3,143
- Financial income -€199
down €199 (-100.0%), from €199 to €0
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 | €31,357 | €23,407 | -€7,950 | -25.4% |
| Fixed assets | 21/28 | €12,189 | €6,325 | -€5,864 | -48.1% |
| Tangible fixed assets | 22/27 | €12,025 | €6,325 | -€5,700 | -47.4% |
| Furniture and vehicles | 24 | €12,025 | €6,325 | -€5,700 | -47.4% |
| Financial fixed assets | 28 | €164 | - | -€164 | |
| Current assets | 29/58 | €19,168 | €17,083 | -€2,086 | -10.9% |
| Amounts receivable within one year | 40/41 | €554 | - | -€554 | |
| Trade receivables | 40 | €554 | - | -€554 | |
| Cash at bank and in hand | 54/58 | €17,764 | €16,000 | -€1,764 | -9.9% |
| Deferred charges and accrued income | 490/1 | €850 | €1,083 | +€232 | +27.3% |
| Total equity and liabilities | 10/49 | €31,357 | €23,407 | -€7,950 | -25.4% |
| Equity | 10/15 | -€13,812 | -€6,345 | +€7,466 | +54.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,012 | -€12,545 | +€7,466 | +37.3% |
| Amounts payable | 17/49 | €45,169 | €29,753 | -€15,416 | -34.1% |
| Amounts payable after more than one year | 17 | €15,121 | €10,781 | -€4,340 | -28.7% |
| Financial debts | 170/4 | €15,121 | €10,781 | -€4,340 | -28.7% |
| Amounts payable within one year | 42/48 | €30,048 | €18,971 | -€11,076 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €3,983 | €4,340 | +€356 | +8.9% |
| Trade debts | 44 | €1,923 | €4,866 | +€2,943 | +153.1% |
| Suppliers | 440/4 | €1,923 | €4,866 | +€2,943 | +153.1% |
| Taxes, remuneration and social security | 45 | €1,762 | €1,194 | -€567 | -32.2% |
| Taxes | 450/3 | €1,466 | €1,103 | -€362 | -24.7% |
| Remuneration and social security | 454/9 | €296 | €91 | -€205 | -69.2% |
| Other amounts payable | 47/48 | €22,380 | €8,572 | -€13,809 | -61.7% |
| Remuneration, social security and pensions | 62 | €3,414 | €3,143 | -€271 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,700 | €5,700 | = | 0.0% |
| Other operating charges | 640/8 | €650 | €671 | +€21 | +3.3% |
| Gross operating margin | 9900 | €19,337 | €19,045 | -€292 | -1.5% |
| Operating profit (loss) | 9901 | €9,574 | €9,531 | -€42 | -0.4% |
| Financial income | 75/76B | €199 | €0 | -€199 | -100.0% |
| Recurring financial income | 75 | €199 | €0 | -€199 | -100.0% |
| Financial charges | 65/66B | €1,979 | €1,679 | -€300 | -15.2% |
| Recurring financial charges | 65 | €1,979 | €1,679 | -€300 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €7,794 | €7,852 | +€59 | +0.8% |
| Income taxes | 67/77 | €19 | €386 | +€367 | +1972.2% |
| Profit (loss) for the period | 9904 | €7,775 | €7,466 | -€309 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,775 | €7,466 | -€309 | -4.0% |
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 30 September 2026 via checked.be.