EMENTE: 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.
EMENTE
Largest movements
- Current investments +€62,626
new in 2025: €62,626
- Cash +€53,810
up €53,810 (+35.3%), from €152,642 to €206,451
mainly Net result for the year (+€166,409) and Advances received (+€42,201)
- Receivables within one year -€38,803
down €38,803 (-42.6%), from €91,091 to €52,288
of which Trade receivables: -€25,673
- Reserves +€142,300
up €142,300 (+54.5%), from €261,200 to €403,500
- Trade debts -€89,993
down €89,993 (-55.6%), from €162,002 to €72,009
- Advances received +€42,201
up €42,201 (+241.2%), from €17,495 to €59,696
- Debts after one year -€37,892
down €37,892 (-12.8%), from €296,606 to €258,714
- Tax, wage and social debts +€22,848
up €22,848 (+159.2%), from €14,350 to €37,198
of which Taxes: +€21,418
- Gross operating margin +€163,241
up €163,241 (+125.8%), from €129,728 to €292,969
- Taxes +€51,673
up €51,673 (+247.5%), from €20,875 to €72,548
- Financial charges +€6,711
up €6,711 (+68.1%), from €9,861 to €16,572
- Depreciation -€6,330
down €6,330 (-17.2%), from €36,907 to €30,577
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 | €823,862 | €898,297 | +€74,435 | +9.0% |
| Fixed assets | 21/28 | €467,428 | €466,372 | -€1,056 | -0.2% |
| Tangible fixed assets | 22/27 | €467,428 | €466,372 | -€1,056 | -0.2% |
| Land and buildings | 22 | €413,558 | €399,790 | -€13,768 | -3.3% |
| Plant, machinery and equipment | 23 | €10,910 | €6,801 | -€4,110 | -37.7% |
| Furniture and vehicles | 24 | €3,090 | €6,625 | +€3,535 | +114.4% |
| Other tangible fixed assets | 26 | €39,870 | €53,157 | +€13,287 | +33.3% |
| Current assets | 29/58 | €356,434 | €431,925 | +€75,491 | +21.2% |
| Stocks and contracts in progress | 3 | €106,238 | €106,358 | +€120 | +0.1% |
| Stocks | 30/36 | €87,596 | €72,091 | -€15,505 | -17.7% |
| Contracts in progress | 37 | €18,642 | €34,267 | +€15,625 | +83.8% |
| Amounts receivable within one year | 40/41 | €91,091 | €52,288 | -€38,803 | -42.6% |
| Trade receivables | 40 | €77,570 | €51,897 | -€25,673 | -33.1% |
| Other amounts receivable | 41 | €13,521 | €391 | -€13,130 | -97.1% |
| Current investments | 50/53 | - | €62,626 | +€62,626 | |
| Cash at bank and in hand | 54/58 | €152,642 | €206,451 | +€53,810 | +35.3% |
| Deferred charges and accrued income | 490/1 | €6,463 | €4,201 | -€2,262 | -35.0% |
| Total equity and liabilities | 10/49 | €823,862 | €898,297 | +€74,435 | +9.0% |
| Equity | 10/15 | €290,379 | €432,788 | +€142,409 | +49.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €261,200 | €403,500 | +€142,300 | +54.5% |
| Distributable reserves | 133 | €261,200 | €403,500 | +€142,300 | +54.5% |
| Profit (loss) carried forward | 14 | €9,179 | €9,288 | +€109 | +1.2% |
| Amounts payable | 17/49 | €533,483 | €465,509 | -€67,974 | -12.7% |
| Amounts payable after more than one year | 17 | €296,606 | €258,714 | -€37,892 | -12.8% |
| Financial debts | 170/4 | €296,606 | €258,714 | -€37,892 | -12.8% |
| Amounts payable within one year | 42/48 | €236,877 | €206,795 | -€30,082 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €37,063 | €37,892 | +€829 | +2.2% |
| Financial debts | 43 | €5,967 | - | -€5,967 | |
| Credit institutions | 430/8 | €5,967 | - | -€5,967 | |
| Trade debts | 44 | €162,002 | €72,009 | -€89,993 | -55.6% |
| Suppliers | 440/4 | €162,002 | €72,009 | -€89,993 | -55.6% |
| Advances received on contracts in progress | 46 | €17,495 | €59,696 | +€42,201 | +241.2% |
| Taxes, remuneration and social security | 45 | €14,350 | €37,198 | +€22,848 | +159.2% |
| Taxes | 450/3 | €14,350 | €35,768 | +€21,418 | +149.3% |
| Remuneration and social security | 454/9 | - | €1,430 | +€1,430 | |
| Remuneration, social security and pensions | 62 | €4,298 | €2,366 | -€1,932 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,907 | €30,577 | -€6,330 | -17.2% |
| Other operating charges | 640/8 | €5,989 | €5,939 | -€49 | -0.8% |
| Gross operating margin | 9900 | €129,728 | €292,969 | +€163,241 | +125.8% |
| Operating profit (loss) | 9901 | €82,535 | €254,087 | +€171,551 | +207.9% |
| Financial income | 75/76B | €1 | €1,443 | +€1,442 | +150230.2% |
| Recurring financial income | 75 | €1 | €1,443 | +€1,442 | +150230.2% |
| Financial charges | 65/66B | €9,861 | €16,572 | +€6,711 | +68.1% |
| Recurring financial charges | 65 | €9,861 | €16,572 | +€6,711 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €72,675 | €238,957 | +€166,283 | +228.8% |
| Income taxes | 67/77 | €20,875 | €72,548 | +€51,673 | +247.5% |
| Profit (loss) for the period | 9904 | €51,800 | €166,409 | +€114,609 | +221.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,800 | €166,409 | +€114,609 | +221.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.