EMJU: 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.
EMJU
Largest movements
- Current investments -€243,986
down €243,986 (-33.3%), from €731,986 to €488,000
- Cash +€77,618
up €77,618 (+127%), from €60,906 to €138,524
mainly Current investments (+€243,986) and Net result for the year (+€76,703)
- Receivables after one year +€31,000
up €31,000 (+62.0%), from €50,000 to €81,000
- Tangible fixed assets +€27,401
up €27,401 (+86.7%), from €31,621 to €59,021
of which Furniture and vehicles: +€30,809
- Reserves -€90,297
down €90,297 (-11.5%), from €783,180 to €692,883
- Other debts -€23,000
down €23,000 (-23.0%), from €100,000 to €77,000
- Gross operating margin -€20,471
down €20,471 (-17.4%), from €117,770 to €97,299
- Taxes -€6,958
down €6,958 (-17.9%), from €38,904 to €31,946
- Financial charges +€6,580
up €6,580 (+420%), from €1,565 to €8,145
- Financial income -€4,067
down €4,067 (-12.6%), from €32,376 to €28,309
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 | €903,504 | €794,288 | -€109,216 | -12.1% |
| Fixed assets | 21/28 | €31,621 | €59,021 | +€27,401 | +86.7% |
| Tangible fixed assets | 22/27 | €31,621 | €59,021 | +€27,401 | +86.7% |
| Land and buildings | 22 | €23,300 | €20,140 | -€3,160 | -13.6% |
| Plant, machinery and equipment | 23 | €668 | €420 | -€248 | -37.1% |
| Furniture and vehicles | 24 | €7,652 | €38,461 | +€30,809 | +403% |
| Current assets | 29/58 | €871,884 | €735,267 | -€136,617 | -15.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €81,000 | +€31,000 | +62.0% |
| Other amounts receivable | 291 | €50,000 | €81,000 | +€31,000 | +62.0% |
| Amounts receivable within one year | 40/41 | €24,569 | €23,016 | -€1,553 | -6.3% |
| Trade receivables | 40 | €17,958 | €19,076 | +€1,118 | +6.2% |
| Other amounts receivable | 41 | €6,612 | €3,941 | -€2,671 | -40.4% |
| Current investments | 50/53 | €731,986 | €488,000 | -€243,986 | -33.3% |
| Cash at bank and in hand | 54/58 | €60,906 | €138,524 | +€77,618 | +127% |
| Deferred charges and accrued income | 490/1 | €4,423 | €4,727 | +€304 | +6.9% |
| Total equity and liabilities | 10/49 | €903,504 | €794,288 | -€109,216 | -12.1% |
| Equity | 10/15 | €795,580 | €705,283 | -€90,297 | -11.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €783,180 | €692,883 | -€90,297 | -11.5% |
| Distributable reserves | 133 | €783,180 | €692,883 | -€90,297 | -11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,924 | €89,005 | -€18,920 | -17.5% |
| Amounts payable within one year | 42/48 | €106,174 | €87,255 | -€18,920 | -17.8% |
| Trade debts | 44 | €2,425 | €2,678 | +€254 | +10.5% |
| Suppliers | 440/4 | €2,425 | €2,678 | +€254 | +10.5% |
| Taxes, remuneration and social security | 45 | €3,750 | €7,576 | +€3,827 | +102% |
| Taxes | 450/3 | €3,750 | €7,576 | +€3,827 | +102% |
| Other amounts payable | 47/48 | €100,000 | €77,000 | -€23,000 | -23.0% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,418 | €6,798 | +€380 | +5.9% |
| Other operating charges | 640/8 | €2,668 | €2,015 | -€653 | -24.5% |
| Gross operating margin | 9900 | €117,770 | €97,299 | -€20,471 | -17.4% |
| Operating profit (loss) | 9901 | €108,683 | €88,485 | -€20,198 | -18.6% |
| Financial income | 75/76B | €32,376 | €28,309 | -€4,067 | -12.6% |
| Recurring financial income | 75 | €32,376 | €28,309 | -€4,067 | -12.6% |
| Financial charges | 65/66B | €1,565 | €8,145 | +€6,580 | +420% |
| Recurring financial charges | 65 | €1,565 | €8,145 | +€6,580 | +420% |
| Profit (loss) for the period before taxes | 9903 | €139,494 | €108,649 | -€30,845 | -22.1% |
| Income taxes | 67/77 | €38,904 | €31,946 | -€6,958 | -17.9% |
| Profit (loss) for the period | 9904 | €100,590 | €76,703 | -€23,887 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,590 | €76,703 | -€23,887 | -23.7% |
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 13 October 2026 via checked.be.