Emerentia: 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.
Emerentia
Largest movements
- Tangible fixed assets -€570,133
down €570,133 (-9.7%), from €5.9m to €5.3m
- Receivables within one year -€163,924
down €163,924 (-29.8%), from €549,689 to €385,765
of which Trade receivables: -€172,443
- Debts after one year -€1.2m
down €1.2m (-30.4%), from €4.1m to €2.8m
of which Trade debts: -€1.0m
- Other debts +€280,172
up €280,172 (+78014.1%), from €359 to €280,531
- Trade debts +€171,801
up €171,801 (+50.9%), from €337,825 to €509,626
- Profit (loss) carried forward -€138,906
down €138,906 (-294.2%), from -€47,219 to -€186,125
- Short-term financial debts +€138,000
new in 2025: €138,000
- Gross operating margin -€247,670
down €247,670 (-28.1%), from €879,954 to €632,284
- Financial charges -€39,428
down €39,428 (-21.3%), from €185,009 to €145,582
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 | €6,587,689 | €5,782,298 | -€805,390 | -12.2% |
| Fixed assets | 21/28 | €5,901,992 | €5,331,859 | -€570,133 | -9.7% |
| Tangible fixed assets | 22/27 | €5,901,992 | €5,331,859 | -€570,133 | -9.7% |
| Furniture and vehicles | 24 | €5,901,992 | €5,331,859 | -€570,133 | -9.7% |
| Current assets | 29/58 | €685,697 | €450,440 | -€235,257 | -34.3% |
| Amounts receivable within one year | 40/41 | €549,689 | €385,765 | -€163,924 | -29.8% |
| Trade receivables | 40 | €539,446 | €367,003 | -€172,443 | -32.0% |
| Other amounts receivable | 41 | €10,244 | €18,762 | +€8,518 | +83.2% |
| Cash at bank and in hand | 54/58 | €101,229 | €64,675 | -€36,554 | -36.1% |
| Deferred charges and accrued income | 490/1 | €34,779 | - | -€34,779 | |
| Total equity and liabilities | 10/49 | €6,587,689 | €5,782,298 | -€805,390 | -12.2% |
| Equity | 10/15 | €1,715,811 | €1,576,906 | -€138,906 | -8.1% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €263,030 | €263,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €261,170 | €261,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,219 | -€186,125 | -€138,906 | -294.2% |
| Amounts payable | 17/49 | €4,871,877 | €4,205,393 | -€666,485 | -13.7% |
| Amounts payable after more than one year | 17 | €4,063,750 | €2,827,440 | -€1.2m | -30.4% |
| Financial debts | 170/4 | €3,063,750 | €2,827,440 | -€236,310 | -7.7% |
| Trade debts | 175 | €1,000,000 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €782,190 | €1,367,219 | +€585,029 | +74.8% |
| Current portion of amounts payable after more than one year | 42 | €415,000 | €432,123 | +€17,123 | +4.1% |
| Financial debts | 43 | - | €138,000 | +€138,000 | |
| Credit institutions | 430/8 | - | €138,000 | +€138,000 | |
| Trade debts | 44 | €337,825 | €509,626 | +€171,801 | +50.9% |
| Suppliers | 440/4 | €337,825 | €509,626 | +€171,801 | +50.9% |
| Taxes, remuneration and social security | 45 | €29,006 | €6,938 | -€22,067 | -76.1% |
| Taxes | 450/3 | €29,006 | €6,938 | -€22,067 | -76.1% |
| Other amounts payable | 47/48 | €359 | €280,531 | +€280,172 | +78014.1% |
| Accrued charges and deferred income | 492/3 | €25,938 | €10,734 | -€15,203 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619,335 | €622,928 | +€3,593 | +0.6% |
| Other operating charges | 640/8 | €2,304 | €2,519 | +€215 | +9.3% |
| Gross operating margin | 9900 | €879,954 | €632,284 | -€247,670 | -28.1% |
| Operating profit (loss) | 9901 | €258,314 | €6,836 | -€251,478 | -97.4% |
| Financial income | 75/76B | €104 | €69 | -€35 | -33.6% |
| Recurring financial income | 75 | €104 | €69 | -€35 | -33.6% |
| Financial charges | 65/66B | €185,009 | €145,582 | -€39,428 | -21.3% |
| Recurring financial charges | 65 | €185,009 | €145,582 | -€39,428 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €73,409 | -€138,677 | -€212,086 | |
| Income taxes | 67/77 | €6,891 | €229 | -€6,662 | -96.7% |
| Profit (loss) for the period | 9904 | €66,518 | -€138,906 | -€205,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,518 | -€138,906 | -€205,424 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.