EMERITUS: what changed
EMERITUS
Largest movements
- Tangible fixed assets -€14,604
down €14,604 (-44.6%), from €32,753 to €18,149
of which Furniture and vehicles: -€15,238
- Cash +€13,510
up €13,510 (+49.0%), from €27,558 to €41,068
mainly Depreciation (+€15,908) and Receivables within one year (+€9,024)
- Receivables within one year -€9,024
down €9,024 (-55.6%), from €16,233 to €7,209
of which Trade receivables: -€6,134
- Debts after one year -€6,590
down €6,590 (-32.0%), from €20,584 to €13,994
- Other debts -€5,092
down €5,092 (-58.8%), from €8,652 to €3,561
- Reserves +€4,016
up €4,016 (+10.1%), from €39,798 to €43,815
of which Distributable reserves: +€4,016
- Trade debts -€1,465
down €1,465 (-45.6%), from €3,212 to €1,748
- Tax, wage and social debts -€1,188
down €1,188 (-20.1%), from €5,919 to €4,731
- Gross operating margin +€6,578
up €6,578 (+36.5%), from €18,002 to €24,580
- Taxes +€1,837
up €1,837 (+248%), from €740 to €2,577
- Depreciation +€620
up €620 (+4.1%), from €15,288 to €15,908
- Other operating charges -€466
down €466 (-32.5%), from €1,433 to €967
- Financial charges -€400
down €400 (-26.5%), from €1,510 to €1,111
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,340 | €68,281 | -€10,060 | -12.8% |
| Fixed assets | 21/28 | €32,753 | €18,149 | -€14,604 | -44.6% |
| Tangible fixed assets | 22/27 | €32,753 | €18,149 | -€14,604 | -44.6% |
| Plant, machinery and equipment | 23 | €1,012 | €1,646 | +€634 | +62.6% |
| Furniture and vehicles | 24 | €31,741 | €16,503 | -€15,238 | -48.0% |
| Current assets | 29/58 | €45,587 | €50,132 | +€4,545 | +10.0% |
| Amounts receivable within one year | 40/41 | €16,233 | €7,209 | -€9,024 | -55.6% |
| Trade receivables | 40 | €12,921 | €6,787 | -€6,134 | -47.5% |
| Other amounts receivable | 41 | €3,313 | €423 | -€2,890 | -87.2% |
| Cash at bank and in hand | 54/58 | €27,558 | €41,068 | +€13,510 | +49.0% |
| Deferred charges and accrued income | 490/1 | €1,795 | €1,855 | +€59 | +3.3% |
| Total equity and liabilities | 10/49 | €78,340 | €68,281 | -€10,060 | -12.8% |
| Equity | 10/15 | €33,641 | €37,657 | +€4,016 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,798 | €43,815 | +€4,016 | +10.1% |
| 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 | €37,938 | €41,955 | +€4,016 | +10.6% |
| Profit (loss) carried forward | 14 | -€18,557 | -€18,557 | = | 0.0% |
| Amounts payable | 17/49 | €44,699 | €30,623 | -€14,076 | -31.5% |
| Amounts payable after more than one year | 17 | €20,584 | €13,994 | -€6,590 | -32.0% |
| Financial debts | 170/4 | €20,584 | €13,994 | -€6,590 | -32.0% |
| Amounts payable within one year | 42/48 | €24,116 | €16,629 | -€7,486 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €6,332 | €6,590 | +€258 | +4.1% |
| Trade debts | 44 | €3,212 | €1,748 | -€1,465 | -45.6% |
| Suppliers | 440/4 | €3,212 | €1,748 | -€1,465 | -45.6% |
| Taxes, remuneration and social security | 45 | €5,919 | €4,731 | -€1,188 | -20.1% |
| Taxes | 450/3 | €5,919 | €4,731 | -€1,188 | -20.1% |
| Other amounts payable | 47/48 | €8,652 | €3,561 | -€5,092 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,288 | €15,908 | +€620 | +4.1% |
| Other operating charges | 640/8 | €1,433 | €967 | -€466 | -32.5% |
| Gross operating margin | 9900 | €18,002 | €24,580 | +€6,578 | +36.5% |
| Operating profit (loss) | 9901 | €1,281 | €7,704 | +€6,423 | +502% |
| Financial charges | 65/66B | €1,510 | €1,111 | -€400 | -26.5% |
| Recurring financial charges | 65 | €1,510 | €1,111 | -€400 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€230 | €6,594 | +€6,823 | |
| Income taxes | 67/77 | €740 | €2,577 | +€1,837 | +248% |
| Profit (loss) for the period | 9904 | -€970 | €4,016 | +€4,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€970 | €4,016 | +€4,986 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.