Emelie: 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.
Emelie
Largest movements
- Receivables within one year +€18,332
up €18,332 (+114%), from €16,027 to €34,359
of which Trade receivables: +€18,332
- Cash -€18,314
down €18,314 (-32.8%), from €55,768 to €37,455
mainly Debts after one year (-€64,203) and Tax, wage and social debts (-€46,674)
- Reserves +€104,137
up €104,137 (+33.0%), from €315,306 to €419,443
- Debts after one year -€64,203
down €64,203 (-13.6%), from €470,553 to €406,349
- Tax, wage and social debts -€46,674
down €46,674 (-88.3%), from €52,864 to €6,190
- Gross operating margin -€50,591
down €50,591 (-24.2%), from €209,231 to €158,640
- Financial income -€45,000
no longer reported in 2025 (was €45,000)
- Taxes -€11,017
down €11,017 (-23.4%), from €47,160 to €36,143
- Financial charges -€6,072
down €6,072 (-25.0%), from €24,242 to €18,169
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 | €958,354 | €958,372 | +€18 | 0.0% |
| Fixed assets | 21/28 | €886,558 | €886,558 | = | 0.0% |
| Financial fixed assets | 28 | €886,558 | €886,558 | = | 0.0% |
| Current assets | 29/58 | €71,796 | €71,814 | +€18 | 0.0% |
| Amounts receivable within one year | 40/41 | €16,027 | €34,359 | +€18,332 | +114% |
| Trade receivables | 40 | - | €18,332 | +€18,332 | |
| Other amounts receivable | 41 | €16,027 | €16,027 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,768 | €37,455 | -€18,314 | -32.8% |
| Total equity and liabilities | 10/49 | €958,354 | €958,372 | +€18 | 0.0% |
| Equity | 10/15 | €365,306 | €469,443 | +€104,137 | +28.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €315,306 | €419,443 | +€104,137 | +33.0% |
| Distributable reserves | 133 | €315,306 | €419,443 | +€104,137 | +33.0% |
| Amounts payable | 17/49 | €593,048 | €488,929 | -€104,119 | -17.6% |
| Amounts payable after more than one year | 17 | €470,553 | €406,349 | -€64,203 | -13.6% |
| Financial debts | 170/4 | €470,553 | €406,349 | -€64,203 | -13.6% |
| Amounts payable within one year | 42/48 | €122,495 | €80,249 | -€42,247 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €62,130 | €64,204 | +€2,074 | +3.3% |
| Trade debts | 44 | €329 | €200 | -€129 | -39.2% |
| Suppliers | 440/4 | €329 | €200 | -€129 | -39.2% |
| Taxes, remuneration and social security | 45 | €52,864 | €6,190 | -€46,674 | -88.3% |
| Taxes | 450/3 | €52,864 | €6,190 | -€46,674 | -88.3% |
| Other amounts payable | 47/48 | €7,173 | €9,655 | +€2,482 | +34.6% |
| Accrued charges and deferred income | 492/3 | - | €2,331 | +€2,331 | |
| Other operating charges | 640/8 | €64 | €190 | +€126 | +197% |
| Gross operating margin | 9900 | €209,231 | €158,640 | -€50,591 | -24.2% |
| Operating profit (loss) | 9901 | €209,167 | €158,450 | -€50,717 | -24.2% |
| Financial income | 75/76B | €45,000 | - | -€45,000 | |
| Recurring financial income | 75 | €45,000 | - | -€45,000 | |
| Financial charges | 65/66B | €24,242 | €18,169 | -€6,072 | -25.0% |
| Recurring financial charges | 65 | €24,242 | €18,169 | -€6,072 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €229,926 | €140,281 | -€89,645 | -39.0% |
| Income taxes | 67/77 | €47,160 | €36,143 | -€11,017 | -23.4% |
| Profit (loss) for the period | 9904 | €182,765 | €104,137 | -€78,628 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €182,765 | €104,137 | -€78,628 | -43.0% |
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 25 October 2026 via checked.be.