EMELLE: 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.
What changed
EMELLE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,512
2024 · €4,123+€2,389
Equity
€443,060
2024 · €436,548+€6,512
Cash
€90,413
2024 · €81,515+€8,898
Balance sheet total
€1.2m
2024 · €1.3m-€41,181
Largest movements
Assets
- Tangible fixed assets -€50,142
down €50,142 (-4.2%), from €1.2m to €1.2m
Equity and liabilities
- Debts after one year -€32,594
down €32,594 (-9.4%), from €346,948 to €314,354
- Other debts -€17,610
down €17,610 (-3.9%), from €453,118 to €435,508
Income statement
- Financial charges +€3,505
up €3,505 (+19.3%), from €18,180 to €21,685
- Other operating charges -€3,332
down €3,332 (-23.1%), from €14,449 to €11,117
- Gross operating margin +€3,219
up €3,219 (+3.5%), from €91,699 to €94,917
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.
Result 2024
€4,123
Gross operating margin
+€3,219
Staff costs
-€102
Depreciation
-€557
Other operating charges
+€3,332
Financial income
+€5
Financial charges
-€3,505
Taxes
-€1
Result 2025
€6,512
raises the resultlowers the result
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.
From operations
+€46,532
Investment
-€5,363
Financing
-€32,272
Cash 2024
€81,515
From operations (derived)
+€46,532
Net result for the year
+€6,512
Depreciation
+€55,504
Smaller working-capital items
-€63
Trade debts
-€1,533
Tax, wage and social debts
+€1,211
Other debts
-€17,610
Accrued charges and deferred income
+€2,510
Investment (derived)
-€5,363
Investment in fixed assets (net)
-€5,363
Financing
-€32,272
Debts after one year
-€32,594
Current portion of long-term debt
+€322
Cash 2025
€90,413
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,285,309 | €1,244,128 | -€41,181 | -3.2% |
| Fixed assets | 21/28 | €1,202,784 | €1,152,642 | -€50,142 | -4.2% |
| Tangible fixed assets | 22/27 | €1,202,784 | €1,152,642 | -€50,142 | -4.2% |
| Land and buildings | 22 | €1,202,784 | €1,152,642 | -€50,142 | -4.2% |
| Current assets | 29/58 | €82,524 | €91,485 | +€8,961 | +10.9% |
| Amounts receivable within one year | 40/41 | - | €16 | +€16 | |
| Trade receivables | 40 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €81,515 | €90,413 | +€8,898 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,010 | €1,057 | +€47 | +4.7% |
| Total equity and liabilities | 10/49 | €1,285,309 | €1,244,128 | -€41,181 | -3.2% |
| Equity | 10/15 | €436,548 | €443,060 | +€6,512 | +1.5% |
| Contributions | 10/11 | €373,947 | €373,947 | = | 0.0% |
| Capital | 10 | €373,947 | €373,947 | = | 0.0% |
| Issued capital | 100 | €373,947 | €373,947 | = | 0.0% |
| Reserves | 13 | €38,751 | €39,076 | +€326 | +0.8% |
| Non-distributable reserves | 130/1 | €37,395 | €37,720 | +€326 | +0.9% |
| Legal reserve | 130 | €37,395 | €37,720 | +€326 | +0.9% |
| Distributable reserves | 133 | €1,356 | €1,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,850 | €30,036 | +€6,186 | +25.9% |
| Amounts payable | 17/49 | €848,760 | €801,068 | -€47,692 | -5.6% |
| Amounts payable after more than one year | 17 | €346,948 | €314,354 | -€32,594 | -9.4% |
| Financial debts | 170/4 | €346,948 | €314,354 | -€32,594 | -9.4% |
| Amounts payable within one year | 42/48 | €499,003 | €481,394 | -€17,609 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €32,272 | €32,594 | +€322 | +1.0% |
| Trade debts | 44 | €9,338 | €7,806 | -€1,533 | -16.4% |
| Suppliers | 440/4 | €9,338 | €7,806 | -€1,533 | -16.4% |
| Taxes, remuneration and social security | 45 | €4,275 | €5,486 | +€1,211 | +28.3% |
| Taxes | 450/3 | €4,275 | €5,486 | +€1,211 | +28.3% |
| Other amounts payable | 47/48 | €453,118 | €435,508 | -€17,610 | -3.9% |
| Accrued charges and deferred income | 492/3 | €2,810 | €5,320 | +€2,510 | +89.3% |
| Remuneration, social security and pensions | 62 | - | €102 | +€102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,948 | €55,504 | +€557 | +1.0% |
| Other operating charges | 640/8 | €14,449 | €11,117 | -€3,332 | -23.1% |
| Gross operating margin | 9900 | €91,699 | €94,917 | +€3,219 | +3.5% |
| Operating profit (loss) | 9901 | €22,302 | €28,193 | +€5,891 | +26.4% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €18,180 | €21,685 | +€3,505 | +19.3% |
| Recurring financial charges | 65 | €18,180 | €21,685 | +€3,505 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €4,123 | €6,513 | +€2,390 | +58.0% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €4,123 | €6,512 | +€2,389 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,123 | €6,512 | +€2,389 | +57.9% |
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 14 October 2026 via checked.be.