EMINOGLU: what changed
EMINOGLU
Largest movements
- Cash -€25,996
down €25,996 (-65.0%), from €40,007 to €14,011
mainly Net result for the year (-€54,041) and Tax, wage and social debts (-€9,129)
- Receivables within one year -€11,181
down €11,181 (-6.9%), from €161,301 to €150,120
of which Other amounts receivable: -€12,631
- Tangible fixed assets +€5,649
up €5,649 (+3,918%), from €144 to €5,793
of which Furniture and vehicles: +€4,632
- Stocks and contracts -€2,300
down €2,300 (-9.0%), from €25,500 to €23,200
- Profit (loss) carried forward -€54,041
down €54,041 (-32.8%), from €164,717 to €110,676
- Other debts +€20,000
new in 2025: €20,000
- Trade debts +€9,141
up €9,141 (+53.1%), from €17,205 to €26,347
- Tax, wage and social debts -€9,129
down €9,129 (-36.9%), from €24,771 to €15,642
of which Taxes: -€15,713
- Gross operating margin -€77,081
down €77,081, from €65,263 to -€11,817
- Staff costs +€12,679
up €12,679 (+55.3%), from €22,946 to €35,624
- Taxes -€8,801
no longer reported in 2025 (was €8,801)
- Financial income +€5,047
new in 2025: €5,047
- Write-downs +€3,612
new in 2025: €3,612
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 | €227,154 | €193,125 | -€34,029 | -15.0% |
| Fixed assets | 21/28 | €144 | €5,793 | +€5,649 | +3,918% |
| Tangible fixed assets | 22/27 | €144 | €5,793 | +€5,649 | +3,918% |
| Furniture and vehicles | 24 | €144 | €4,776 | +€4,632 | +3,212% |
| Leasing and similar rights | 25 | - | €1,017 | +€1,017 | |
| Current assets | 29/58 | €227,009 | €187,332 | -€39,678 | -17.5% |
| Stocks and contracts in progress | 3 | €25,500 | €23,200 | -€2,300 | -9.0% |
| Stocks | 30/36 | €25,500 | €23,200 | -€2,300 | -9.0% |
| Amounts receivable within one year | 40/41 | €161,301 | €150,120 | -€11,181 | -6.9% |
| Trade receivables | 40 | €34,023 | €35,474 | +€1,450 | +4.3% |
| Other amounts receivable | 41 | €127,278 | €114,647 | -€12,631 | -9.9% |
| Cash at bank and in hand | 54/58 | €40,007 | €14,011 | -€25,996 | -65.0% |
| Deferred charges and accrued income | 490/1 | €201 | - | -€201 | |
| Total equity and liabilities | 10/49 | €227,154 | €193,125 | -€34,029 | -15.0% |
| Equity | 10/15 | €185,177 | €131,136 | -€54,041 | -29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €164,717 | €110,676 | -€54,041 | -32.8% |
| Amounts payable | 17/49 | €41,976 | €61,988 | +€20,012 | +47.7% |
| Amounts payable within one year | 42/48 | €41,976 | €61,988 | +€20,012 | +47.7% |
| Trade debts | 44 | €17,205 | €26,347 | +€9,141 | +53.1% |
| Suppliers | 440/4 | €17,205 | €26,347 | +€9,141 | +53.1% |
| Taxes, remuneration and social security | 45 | €24,771 | €15,642 | -€9,129 | -36.9% |
| Taxes | 450/3 | €24,771 | €9,057 | -€15,713 | -63.4% |
| Remuneration and social security | 454/9 | - | €6,584 | +€6,584 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €22,946 | €35,624 | +€12,679 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €559 | -€171 | -23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,612 | +€3,612 | |
| Other operating charges | 640/8 | €1,865 | - | -€1,865 | |
| Gross operating margin | 9900 | €65,263 | -€11,817 | -€77,081 | |
| Operating profit (loss) | 9901 | €39,723 | -€51,612 | -€91,335 | |
| Financial income | 75/76B | - | €5,047 | +€5,047 | |
| Recurring financial income | 75 | - | €5,047 | +€5,047 | |
| Financial charges | 65/66B | €9,079 | €7,476 | -€1,604 | -17.7% |
| Recurring financial charges | 65 | €9,079 | €7,476 | -€1,604 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €30,644 | -€54,041 | -€84,685 | |
| Income taxes | 67/77 | €8,801 | - | -€8,801 | |
| Profit (loss) for the period | 9904 | €21,843 | -€54,041 | -€75,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,843 | -€54,041 | -€75,884 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.