EMIA PARTNERS: 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.
EMIA PARTNERS
Largest movements
- Cash -€17,319
down €17,319 (-41.3%), from €41,924 to €24,606
mainly Net result for the year (-€8,105) and Other debts (-€5,924)
- Receivables within one year +€4,178
up €4,178 (+12.4%), from €33,659 to €37,837
of which Trade receivables: +€2,211
- Tangible fixed assets -€2,088
down €2,088 (-34.8%), from €5,995 to €3,906
- Intangible fixed assets -€1,900
down €1,900 (-27.3%), from €6,967 to €5,067
- Deferred charges and accrued income -€998
down €998 (-26.3%), from €3,803 to €2,804
- Profit (loss) carried forward -€8,105
down €8,105 (-44.7%), from €18,132 to €10,027
- Other debts -€5,924
down €5,924 (-84.3%), from €7,029 to €1,106
- Trade debts -€3,966
down €3,966 (-17.0%), from €23,335 to €19,369
- Gross operating margin -€41,813
down €41,813 (-94.9%), from €44,045 to €2,232
- Taxes -€10,194
down €10,194 (-84.5%), from €12,067 to €1,873
- Financial charges +€1,264
up €1,264 (+50.4%), from €2,507 to €3,770
- Depreciation +€478
up €478 (+13.6%), from €3,510 to €3,988
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 | €92,378 | €74,250 | -€18,127 | -19.6% |
| Fixed assets | 21/28 | €12,991 | €9,003 | -€3,988 | -30.7% |
| Intangible fixed assets | 21 | €6,967 | €5,067 | -€1,900 | -27.3% |
| Tangible fixed assets | 22/27 | €5,995 | €3,906 | -€2,088 | -34.8% |
| Furniture and vehicles | 24 | €5,995 | €3,906 | -€2,088 | -34.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €79,387 | €65,247 | -€14,139 | -17.8% |
| Amounts receivable within one year | 40/41 | €33,659 | €37,837 | +€4,178 | +12.4% |
| Trade receivables | 40 | €33,659 | €35,871 | +€2,211 | +6.6% |
| Other amounts receivable | 41 | €0 | €1,967 | +€1,967 | |
| Cash at bank and in hand | 54/58 | €41,924 | €24,606 | -€17,319 | -41.3% |
| Deferred charges and accrued income | 490/1 | €3,803 | €2,804 | -€998 | -26.3% |
| Total equity and liabilities | 10/49 | €92,378 | €74,250 | -€18,127 | -19.6% |
| Equity | 10/15 | €38,682 | €30,577 | -€8,105 | -21.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,550 | €1,550 | = | 0.0% |
| Distributable reserves | 133 | €1,550 | €1,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,132 | €10,027 | -€8,105 | -44.7% |
| Amounts payable | 17/49 | €53,696 | €43,673 | -€10,023 | -18.7% |
| Amounts payable within one year | 42/48 | €53,696 | €43,673 | -€10,023 | -18.7% |
| Trade debts | 44 | €23,335 | €19,369 | -€3,966 | -17.0% |
| Suppliers | 440/4 | €23,335 | €19,369 | -€3,966 | -17.0% |
| Taxes, remuneration and social security | 45 | €23,332 | €23,198 | -€133 | -0.6% |
| Taxes | 450/3 | €20,642 | €18,008 | -€2,633 | -12.8% |
| Remuneration and social security | 454/9 | €2,690 | €5,190 | +€2,500 | +92.9% |
| Other amounts payable | 47/48 | €7,029 | €1,106 | -€5,924 | -84.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,510 | €3,988 | +€478 | +13.6% |
| Other operating charges | 640/8 | €676 | €706 | +€30 | +4.4% |
| Gross operating margin | 9900 | €44,045 | €2,232 | -€41,813 | -94.9% |
| Operating profit (loss) | 9901 | €39,859 | -€2,462 | -€42,321 | |
| Financial income | 75/76B | €9 | €1 | -€9 | -93.6% |
| Recurring financial income | 75 | €9 | €1 | -€9 | -93.6% |
| Financial charges | 65/66B | €2,507 | €3,770 | +€1,264 | +50.4% |
| Recurring financial charges | 65 | €2,507 | €3,770 | +€1,264 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €37,361 | -€6,232 | -€43,593 | |
| Income taxes | 67/77 | €12,067 | €1,873 | -€10,194 | -84.5% |
| Profit (loss) for the period | 9904 | €25,294 | -€8,105 | -€33,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,294 | -€8,105 | -€33,399 |
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 14 October 2026 via checked.be.