Emir: 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.
Emir
Largest movements
- Cash -€105,735
down €105,735 (-69.1%), from €153,059 to €47,324
mainly Receivables within one year (-€83,770) and Tax, wage and social debts (-€17,345)
- Receivables within one year +€83,770
up €83,770 (+43.4%), from €192,840 to €276,610
of which Trade receivables: +€75,442
- Tax, wage and social debts -€17,345
down €17,345 (-66.0%), from €26,265 to €8,920
of which Taxes: -€26,265
- Current portion of long-term debt -€10,886
down €10,886 (-18.4%), from €59,283 to €48,397
- Turnover -€926,062
no longer reported in 2025 (was €926,062)
- Purchases and services -€281,705
no longer reported in 2025 (was €281,705)
- Staff costs -€251,665
down €251,665 (-39.6%), from €635,824 to €384,159
- Gross operating margin -€238,727
down €238,727 (-37.0%), from €644,357 to €405,629
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 | €360,275 | €334,932 | -€25,343 | -7.0% |
| Fixed assets | 21/28 | €1,376 | €356 | -€1,020 | -74.1% |
| Tangible fixed assets | 22/27 | €1,376 | €356 | -€1,020 | -74.1% |
| Other tangible fixed assets | 26 | €1,376 | €356 | -€1,020 | -74.1% |
| Current assets | 29/58 | €358,899 | €334,576 | -€24,323 | -6.8% |
| Amounts receivable within one year | 40/41 | €192,840 | €276,610 | +€83,770 | +43.4% |
| Trade receivables | 40 | €141,872 | €217,314 | +€75,442 | +53.2% |
| Other amounts receivable | 41 | €50,969 | €59,296 | +€8,328 | +16.3% |
| Cash at bank and in hand | 54/58 | €153,059 | €47,324 | -€105,735 | -69.1% |
| Deferred charges and accrued income | 490/1 | €13,000 | €10,642 | -€2,358 | -18.1% |
| Total equity and liabilities | 10/49 | €360,275 | €334,932 | -€25,343 | -7.0% |
| Equity | 10/15 | €260,969 | €264,151 | +€3,182 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €194,534 | €194,534 | = | 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% |
| Distributable reserves | 133 | €192,674 | €192,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,835 | €51,016 | +€3,182 | +6.7% |
| Amounts payable | 17/49 | €99,306 | €70,781 | -€28,525 | -28.7% |
| Amounts payable within one year | 42/48 | €99,306 | €70,781 | -€28,525 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €59,283 | €48,397 | -€10,886 | -18.4% |
| Trade debts | 44 | €13,757 | €13,464 | -€293 | -2.1% |
| Suppliers | 440/4 | €13,757 | €13,464 | -€293 | -2.1% |
| Taxes, remuneration and social security | 45 | €26,265 | €8,920 | -€17,345 | -66.0% |
| Taxes | 450/3 | €26,265 | - | -€26,265 | |
| Remuneration and social security | 454/9 | - | €8,920 | +€8,920 | |
| Turnover | 70 | €926,062 | - | -€926,062 | |
| Goods, raw materials, services and sundry goods | 60/61 | €281,705 | - | -€281,705 | |
| Remuneration, social security and pensions | 62 | €635,824 | €384,159 | -€251,665 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €1,020 | = | 0.0% |
| Other operating charges | 640/8 | €2,366 | €7,161 | +€4,795 | +202.6% |
| Gross operating margin | 9900 | €644,357 | €405,629 | -€238,727 | -37.0% |
| Operating profit (loss) | 9901 | €5,146 | €13,289 | +€8,144 | +158.3% |
| Financial income | 75/76B | - | €1,603 | +€1,603 | |
| Recurring financial income | 75 | - | €1,603 | +€1,603 | |
| Financial charges | 65/66B | €3,223 | €9,152 | +€5,929 | +184.0% |
| Recurring financial charges | 65 | €3,223 | €9,152 | +€5,929 | +184.0% |
| Profit (loss) for the period before taxes | 9903 | €1,923 | €5,741 | +€3,818 | +198.5% |
| Income taxes | 67/77 | - | €2,559 | +€2,559 | |
| Profit (loss) for the period | 9904 | €1,923 | €3,182 | +€1,259 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,923 | €3,182 | +€1,259 | +65.4% |
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 10 October 2026 via checked.be.