EMERES: 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.
EMERES
Largest movements
- Tangible fixed assets -€24,338
down €24,338 (-5.0%), from €484,081 to €459,744
of which Leasing and similar rights: -€21,132
- Cash +€22,407
up €22,407 (+341.4%), from €6,564 to €28,971
mainly Other debts (+€48,088) and Net result for the year (+€29,106)
- Receivables after one year +€22,212
up €22,212 (+224.3%), from €9,902 to €32,114
- Receivables within one year -€11,005
down €11,005 (-35.4%), from €31,071 to €20,065
of which Trade receivables: -€11,022
- Deferred charges and accrued income +€10,886
up €10,886 (+967.0%), from €1,126 to €12,011
- Other debts +€48,088
new in 2025: €48,088
- Reserves -€42,875
down €42,875 (-90.3%), from €47,468 to €4,592
- Profit (loss) carried forward +€29,106
up €29,106, from -€18,335 to €10,771
- Debts after one year -€17,647
down €17,647 (-3.8%), from €460,022 to €442,375
- Trade debts +€10,081
up €10,081 (+732.2%), from €1,377 to €11,458
- Taxes +€8,341
up €8,341 (+130.3%), from €6,402 to €14,743
- Gross operating margin -€6,792
down €6,792 (-7.2%), from €93,801 to €87,009
- Depreciation -€6,385
down €6,385 (-22.1%), from €28,936 to €22,551
- Other operating charges -€4,664
down €4,664 (-96.2%), from €4,847 to €183
- Financial charges -€1,033
down €1,033 (-4.8%), from €21,472 to €20,439
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 | €532,744 | €552,906 | +€20,162 | +3.8% |
| Fixed assets | 21/28 | €484,081 | €459,744 | -€24,338 | -5.0% |
| Tangible fixed assets | 22/27 | €484,081 | €459,744 | -€24,338 | -5.0% |
| Plant, machinery and equipment | 23 | €1,285 | - | -€1,285 | |
| Furniture and vehicles | 24 | €1,285 | €185 | -€1,100 | -85.6% |
| Leasing and similar rights | 25 | €463,174 | €442,042 | -€21,132 | -4.6% |
| Other tangible fixed assets | 26 | €18,337 | €17,517 | -€820 | -4.5% |
| Current assets | 29/58 | €48,663 | €93,162 | +€44,500 | +91.4% |
| Amounts receivable after more than one year | 29 | €9,902 | €32,114 | +€22,212 | +224.3% |
| Other amounts receivable | 291 | €9,902 | €32,114 | +€22,212 | +224.3% |
| Amounts receivable within one year | 40/41 | €31,071 | €20,065 | -€11,005 | -35.4% |
| Trade receivables | 40 | €31,071 | €20,048 | -€11,022 | -35.5% |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €6,564 | €28,971 | +€22,407 | +341.4% |
| Deferred charges and accrued income | 490/1 | €1,126 | €12,011 | +€10,886 | +967.0% |
| Total equity and liabilities | 10/49 | €532,744 | €552,906 | +€20,162 | +3.8% |
| Equity | 10/15 | €37,132 | €15,363 | -€21,769 | -58.6% |
| Contributions | 10/11 | €8,000 | - | -€8,000 | |
| Reserves | 13 | €47,468 | €4,592 | -€42,875 | -90.3% |
| Distributable reserves | 133 | €47,468 | €4,592 | -€42,875 | -90.3% |
| Profit (loss) carried forward | 14 | -€18,335 | €10,771 | +€29,106 | |
| Amounts payable | 17/49 | €495,612 | €537,543 | +€41,931 | +8.5% |
| Amounts payable after more than one year | 17 | €460,022 | €442,375 | -€17,647 | -3.8% |
| Financial debts | 170/4 | €460,022 | €442,375 | -€17,647 | -3.8% |
| Amounts payable within one year | 42/48 | €33,317 | €92,896 | +€59,579 | +178.8% |
| Current portion of amounts payable after more than one year | 42 | €17,276 | €17,647 | +€372 | +2.2% |
| Trade debts | 44 | €1,377 | €11,458 | +€10,081 | +732.2% |
| Suppliers | 440/4 | €1,377 | €11,458 | +€10,081 | +732.2% |
| Taxes, remuneration and social security | 45 | €14,665 | €15,702 | +€1,038 | +7.1% |
| Taxes | 450/3 | €14,665 | €15,702 | +€1,038 | +7.1% |
| Other amounts payable | 47/48 | - | €48,088 | +€48,088 | |
| Accrued charges and deferred income | 492/3 | €2,273 | €2,273 | = | 0.0% |
| Non-recurring operating income | 76A | - | €11,206 | +€11,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,936 | €22,551 | -€6,385 | -22.1% |
| Other operating charges | 640/8 | €4,847 | €183 | -€4,664 | -96.2% |
| Non-recurring operating charges | 66A | €42,161 | - | -€42,161 | |
| Gross operating margin | 9900 | €93,801 | €87,009 | -€6,792 | -7.2% |
| Operating profit (loss) | 9901 | €17,856 | €64,275 | +€46,418 | +260.0% |
| Financial income | 75/76B | €0 | €13 | +€13 | +130500.0% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +130500.0% |
| Financial charges | 65/66B | €21,472 | €20,439 | -€1,033 | -4.8% |
| Recurring financial charges | 65 | €21,472 | €20,439 | -€1,033 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,616 | €43,849 | +€47,464 | |
| Income taxes | 67/77 | €6,402 | €14,743 | +€8,341 | +130.3% |
| Profit (loss) for the period | 9904 | -€10,017 | €29,106 | +€39,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,017 | €29,106 | +€39,123 |
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 11 October 2026 via checked.be.