EMERE: 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.
EMERE
Largest movements
- Cash -€69,066
down €69,066 (-65.5%), from €105,425 to €36,358
mainly Debts after one year (-€376,875) and Receivables within one year (-€67,690)
- Receivables within one year +€67,690
up €67,690 (+77.3%), from €87,612 to €155,302
of which Trade receivables: +€70,500
- Debts after one year -€376,875
down €376,875 (-17.3%), from €2.2m to €1.8m
- Reserves +€354,835
up €354,835 (+19.5%), from €1.8m to €2.2m
of which Distributable reserves: +€354,835
- Financial income -€9,555
down €9,555 (-100%), from €9,555 to €0
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 | €6,501,749 | €6,500,373 | -€1,376 | 0.0% |
| Fixed assets | 21/28 | €6,308,712 | €6,308,712 | = | 0.0% |
| Financial fixed assets | 28 | €6,308,712 | €6,308,712 | = | 0.0% |
| Current assets | 29/58 | €193,037 | €191,661 | -€1,376 | -0.7% |
| Amounts receivable within one year | 40/41 | €87,612 | €155,302 | +€67,690 | +77.3% |
| Trade receivables | 40 | €84,700 | €155,200 | +€70,500 | +83.2% |
| Other amounts receivable | 41 | €2,912 | €102 | -€2,810 | -96.5% |
| Cash at bank and in hand | 54/58 | €105,425 | €36,358 | -€69,066 | -65.5% |
| Total equity and liabilities | 10/49 | €6,501,749 | €6,500,373 | -€1,376 | 0.0% |
| Equity | 10/15 | €4,069,880 | €4,396,835 | +€326,955 | +8.0% |
| Contributions | 10/11 | €2,220,000 | €2,220,000 | = | 0.0% |
| Capital | 10 | €2,220,000 | €2,220,000 | = | 0.0% |
| Issued capital | 100 | €2,220,000 | €2,220,000 | = | 0.0% |
| Reserves | 13 | €1,822,000 | €2,176,835 | +€354,835 | +19.5% |
| Non-distributable reserves | 130/1 | €222,000 | €222,000 | = | 0.0% |
| Legal reserve | 130 | €222,000 | €222,000 | = | 0.0% |
| Distributable reserves | 133 | €1,600,000 | €1,954,835 | +€354,835 | +22.2% |
| Profit (loss) carried forward | 14 | €27,880 | €0 | -€27,880 | -100% |
| Amounts payable | 17/49 | €2,431,869 | €2,103,537 | -€328,331 | -13.5% |
| Amounts payable after more than one year | 17 | €2,177,500 | €1,800,625 | -€376,875 | -17.3% |
| Financial debts | 170/4 | €2,177,500 | €1,800,625 | -€376,875 | -17.3% |
| Amounts payable within one year | 42/48 | €244,003 | €301,273 | +€57,271 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €195,000 | €251,250 | +€56,250 | +28.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €24,417 | €36,652 | +€12,235 | +50.1% |
| Suppliers | 440/4 | €24,417 | €36,652 | +€12,235 | +50.1% |
| Taxes, remuneration and social security | 45 | €23,808 | €12,594 | -€11,214 | -47.1% |
| Taxes | 450/3 | €23,808 | €12,594 | -€11,214 | -47.1% |
| Other amounts payable | 47/48 | €778 | €778 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,366 | €1,639 | -€8,727 | -84.2% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €444,251 | €446,139 | +€1,888 | +0.4% |
| Operating profit (loss) | 9901 | €443,143 | €444,997 | +€1,854 | +0.4% |
| Financial income | 75/76B | €9,555 | €0 | -€9,555 | -100% |
| Recurring financial income | 75 | €9,555 | €0 | -€9,555 | -100% |
| Financial charges | 65/66B | €116,436 | €118,042 | +€1,606 | +1.4% |
| Recurring financial charges | 65 | €116,436 | €118,042 | +€1,606 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €336,262 | €326,955 | -€9,307 | -2.8% |
| Profit (loss) for the period | 9904 | €336,262 | €326,955 | -€9,307 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €336,262 | €326,955 | -€9,307 | -2.8% |
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.