Emerantia: 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.
Emerantia
Largest movements
- Cash +€26,704
up €26,704 (+22.9%), from €116,847 to €143,551
mainly Net result for the year (+€39,307) and Accrued charges and deferred income (+€17,492)
- Receivables within one year +€18,463
up €18,463 (+72.7%), from €25,393 to €43,857
of which Trade receivables: +€12,694
- Deferred charges and accrued income +€9,006
up €9,006 (+33.4%), from €26,989 to €35,995
- Reserves +€39,307
up €39,307 (+18.1%), from €217,673 to €256,980
- Accrued charges and deferred income +€17,492
up €17,492 (+97.4%), from €17,966 to €35,459
- Gross operating margin -€28,940
down €28,940 (-35.4%), from €81,673 to €52,733
- Financial income +€7,295
up €7,295 (+1,453%), from €502 to €7,797
- Taxes -€5,460
down €5,460 (-24.9%), from €21,971 to €16,511
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 | €330,552 | €382,911 | +€52,360 | +15.8% |
| Fixed assets | 21/28 | €23,243 | €21,804 | -€1,439 | -6.2% |
| Tangible fixed assets | 22/27 | €2,743 | €1,304 | -€1,439 | -52.5% |
| Furniture and vehicles | 24 | €2,743 | €1,304 | -€1,439 | -52.5% |
| Financial fixed assets | 28 | €20,500 | €20,500 | = | 0.0% |
| Current assets | 29/58 | €307,309 | €361,108 | +€53,799 | +17.5% |
| Amounts receivable within one year | 40/41 | €25,393 | €43,857 | +€18,463 | +72.7% |
| Trade receivables | 40 | €24,354 | €37,049 | +€12,694 | +52.1% |
| Other amounts receivable | 41 | €1,039 | €6,808 | +€5,769 | +555% |
| Current investments | 50/53 | €138,079 | €137,704 | -€375 | -0.3% |
| Cash at bank and in hand | 54/58 | €116,847 | €143,551 | +€26,704 | +22.9% |
| Deferred charges and accrued income | 490/1 | €26,989 | €35,995 | +€9,006 | +33.4% |
| Total equity and liabilities | 10/49 | €330,552 | €382,911 | +€52,360 | +15.8% |
| Equity | 10/15 | €290,923 | €330,230 | +€39,307 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,673 | €256,980 | +€39,307 | +18.1% |
| Distributable reserves | 133 | €217,673 | €256,980 | +€39,307 | +18.1% |
| Profit (loss) carried forward | 14 | €54,650 | €54,650 | = | 0.0% |
| Amounts payable | 17/49 | €39,629 | €52,681 | +€13,052 | +32.9% |
| Amounts payable within one year | 42/48 | €21,663 | €17,223 | -€4,440 | -20.5% |
| Trade debts | 44 | €269 | €276 | +€7 | +2.5% |
| Suppliers | 440/4 | €269 | €276 | +€7 | +2.5% |
| Taxes, remuneration and social security | 45 | €20,149 | €16,947 | -€3,203 | -15.9% |
| Taxes | 450/3 | €20,149 | €16,947 | -€3,203 | -15.9% |
| Other amounts payable | 47/48 | €1,244 | - | -€1,244 | |
| Accrued charges and deferred income | 492/3 | €17,966 | €35,459 | +€17,492 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €2,248 | +€223 | +11.0% |
| Other operating charges | 640/8 | €962 | €984 | +€22 | +2.3% |
| Non-recurring operating charges | 66A | €351 | - | -€351 | |
| Gross operating margin | 9900 | €81,673 | €52,733 | -€28,940 | -35.4% |
| Operating profit (loss) | 9901 | €78,335 | €49,501 | -€28,834 | -36.8% |
| Financial income | 75/76B | €502 | €7,797 | +€7,295 | +1,453% |
| Recurring financial income | 75 | €502 | €7,797 | +€7,295 | +1,453% |
| Financial charges | 65/66B | €1,354 | €1,480 | +€126 | +9.3% |
| Recurring financial charges | 65 | €1,354 | €1,480 | +€126 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €77,483 | €55,818 | -€21,665 | -28.0% |
| Income taxes | 67/77 | €21,971 | €16,511 | -€5,460 | -24.9% |
| Profit (loss) for the period | 9904 | €55,513 | €39,307 | -€16,205 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,513 | €39,307 | -€16,205 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.