EMERJANCE: 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.
EMERJANCE
Largest movements
- Tangible fixed assets -€40,931
down €40,931 (-5.1%), from €807,927 to €766,996
of which Land and buildings: -€37,865
- Debts after one year -€83,286
down €83,286 (-31.2%), from €267,154 to €183,868
of which Financial debts: -€83,286
- Profit (loss) carried forward +€50,410
up €50,410 (+26.2%), from €192,297 to €242,707
- Other debts -€16,806
down €16,806 (-8.4%), from €200,432 to €183,626
- Gross operating margin +€20,675
up €20,675 (+14.9%), from €138,957 to €159,632
- Staff costs +€14,565
up €14,565, from €0 to €14,565
- Other operating charges +€7,399
up €7,399 (+69.3%), from €10,684 to €18,084
- Financial charges -€1,708
down €1,708 (-20.3%), from €8,431 to €6,723
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 | €822,835 | €780,974 | -€41,861 | -5.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €807,927 | €766,996 | -€40,931 | -5.1% |
| Tangible fixed assets | 22/27 | €807,927 | €766,996 | -€40,931 | -5.1% |
| Land and buildings | 22 | €796,081 | €758,217 | -€37,865 | -4.8% |
| Furniture and vehicles | 24 | €8 | €560 | +€552 | +7020.7% |
| Other tangible fixed assets | 26 | €11,838 | €8,219 | -€3,618 | -30.6% |
| Current assets | 29/58 | €14,908 | €13,978 | -€930 | -6.2% |
| Cash at bank and in hand | 54/58 | €14,908 | €13,706 | -€1,202 | -8.1% |
| Deferred charges and accrued income | 490/1 | €0 | €272 | +€272 | |
| Total equity and liabilities | 10/49 | €822,835 | €780,974 | -€41,861 | -5.1% |
| Equity | 10/15 | €261,729 | €312,138 | +€50,410 | +19.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,431 | €7,431 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,231 | €1,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,297 | €242,707 | +€50,410 | +26.2% |
| Amounts payable | 17/49 | €561,106 | €468,836 | -€92,271 | -16.4% |
| Amounts payable after more than one year | 17 | €267,154 | €183,868 | -€83,286 | -31.2% |
| Financial debts | 170/4 | €262,154 | €178,868 | -€83,286 | -31.8% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €293,952 | €284,968 | -€8,985 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €82,408 | €84,015 | +€1,607 | +2.0% |
| Trade debts | 44 | €648 | €1,429 | +€781 | +120.4% |
| Suppliers | 440/4 | €648 | €1,429 | +€781 | +120.4% |
| Taxes, remuneration and social security | 45 | €10,465 | €15,898 | +€5,433 | +51.9% |
| Taxes | 450/3 | €10,465 | €15,898 | +€5,433 | +51.9% |
| Other amounts payable | 47/48 | €200,432 | €183,626 | -€16,806 | -8.4% |
| Remuneration, social security and pensions | 62 | €0 | €14,565 | +€14,565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,349 | €52,417 | -€932 | -1.7% |
| Other operating charges | 640/8 | €10,684 | €18,084 | +€7,399 | +69.3% |
| Gross operating margin | 9900 | €138,957 | €159,632 | +€20,675 | +14.9% |
| Operating profit (loss) | 9901 | €74,924 | €74,567 | -€357 | -0.5% |
| Financial charges | 65/66B | €8,431 | €6,723 | -€1,708 | -20.3% |
| Recurring financial charges | 65 | €8,431 | €6,723 | -€1,708 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €66,493 | €67,843 | +€1,350 | +2.0% |
| Income taxes | 67/77 | €17,915 | €17,433 | -€482 | -2.7% |
| Profit (loss) for the period | 9904 | €48,578 | €50,410 | +€1,832 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,578 | €50,410 | +€1,832 | +3.8% |
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.