Emeraude: 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.
Emeraude
Largest movements
- Tangible fixed assets -€77,316
down €77,316 (-3.2%), from €2.4m to €2.4m
of which Land and buildings: -€60,811
- Current investments +€55,046
up €55,046 (+20.0%), from €275,771 to €330,817
- Cash +€36,717
up €36,717 (+25.1%), from €146,505 to €183,222
mainly Depreciation (+€225,424) and Net result for the year (+€75,911)
- Debts after one year -€109,916
down €109,916 (-15.4%), from €712,518 to €602,602
- Profit (loss) carried forward +€75,911
up €75,911 (+36.9%), from €205,641 to €281,552
- Debts within one year +€60,684
up €60,684 (+7.5%), from €810,599 to €871,283
- Investment grants -€32,015
down €32,015 (-2.6%), from €1.2m to €1.2m
- Gross operating margin +€198,534
up €198,534 (+6.3%), from €3.1m to €3.3m
- Other operating charges +€79,926
up €79,926 (+13.8%), from €580,109 to €660,035
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 | €3,053,025 | €3,047,689 | -€5,336 | -0.2% |
| Fixed assets | 21/28 | €2,432,880 | €2,355,564 | -€77,316 | -3.2% |
| Tangible fixed assets | 22/27 | €2,432,880 | €2,355,564 | -€77,316 | -3.2% |
| Land and buildings | 22 | €2,275,100 | €2,214,289 | -€60,811 | -2.7% |
| Plant, machinery and equipment | 23 | €109,798 | €108,239 | -€1,559 | -1.4% |
| Furniture and vehicles | 24 | €47,982 | €33,036 | -€14,946 | -31.1% |
| Current assets | 29/58 | €620,145 | €692,125 | +€71,980 | +11.6% |
| Stocks and contracts in progress | 3 | €14,264 | €11,925 | -€2,339 | -16.4% |
| Stocks | 30/36 | €14,264 | €11,925 | -€2,339 | -16.4% |
| Amounts receivable within one year | 40/41 | €183,605 | €165,661 | -€17,944 | -9.8% |
| Other amounts receivable | 41 | €183,605 | €165,661 | -€17,944 | -9.8% |
| Current investments | 50/53 | €275,771 | €330,817 | +€55,046 | +20.0% |
| Cash at bank and in hand | 54/58 | €146,505 | €183,222 | +€36,717 | +25.1% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €3,053,025 | €3,047,689 | -€5,336 | -0.2% |
| Equity | 10/15 | €1,529,908 | €1,573,804 | +€43,896 | +2.9% |
| Contributions | 10/11 | €77,867 | €77,867 | = | 0.0% |
| Capital | 10 | €77,867 | €77,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,641 | €281,552 | +€75,911 | +36.9% |
| Investment grants | 15 | €1,246,400 | €1,214,385 | -€32,015 | -2.6% |
| Amounts payable | 17/49 | €1,523,117 | €1,473,885 | -€49,232 | -3.2% |
| Amounts payable after more than one year | 17 | €712,518 | €602,602 | -€109,916 | -15.4% |
| Financial debts | 170/4 | €712,518 | €602,602 | -€109,916 | -15.4% |
| Amounts payable within one year | 42/48 | €810,599 | €871,283 | +€60,684 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €131,056 | €109,915 | -€21,141 | -16.1% |
| Trade debts | 44 | €47,764 | €27,367 | -€20,397 | -42.7% |
| Suppliers | 440/4 | €47,764 | €27,367 | -€20,397 | -42.7% |
| Taxes, remuneration and social security | 45 | €428,109 | €452,958 | +€24,849 | +5.8% |
| Remuneration and social security | 454/9 | €428,109 | €452,958 | +€24,849 | +5.8% |
| Remuneration, social security and pensions | 62 | €2,460,933 | €2,466,351 | +€5,418 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,562 | €225,424 | +€5,862 | +2.7% |
| Other operating charges | 640/8 | €580,109 | €660,035 | +€79,926 | +13.8% |
| Gross operating margin | 9900 | €3,138,358 | €3,336,892 | +€198,534 | +6.3% |
| Operating profit (loss) | 9901 | -€122,246 | -€14,918 | +€107,328 | +87.8% |
| Financial income | 75/76B | €99,894 | €104,157 | +€4,263 | +4.3% |
| Recurring financial income | 75 | €99,894 | €104,157 | +€4,263 | +4.3% |
| Financial charges | 65/66B | €15,140 | €13,328 | -€1,812 | -12.0% |
| Recurring financial charges | 65 | €15,140 | €13,328 | -€1,812 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,492 | €75,911 | +€113,403 | |
| Profit (loss) for the period | 9904 | -€37,492 | €75,911 | +€113,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,492 | €75,911 | +€113,403 |
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 8 October 2026 via checked.be.