EmmA: 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.
EmmA
Largest movements
- Cash -€6,308
down €6,308 (-18.2%), from €34,568 to €28,261
mainly Net result for the year (-€3,347) and Stocks and contracts (-€2,029)
- Stocks and contracts +€2,029
up €2,029 (+16.7%), from €12,119 to €14,148
- Profit (loss) carried forward -€3,347
down €3,347 (-23.3%), from -€14,379 to -€17,726
- Gross operating margin +€5,229
up €5,229 (+66.1%), from -€7,906 to -€2,677
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 | €104,465 | €100,606 | -€3,859 | -3.7% |
| Current assets | 29/58 | €104,465 | €100,606 | -€3,859 | -3.7% |
| Stocks and contracts in progress | 3 | €12,119 | €14,148 | +€2,029 | +16.7% |
| Contracts in progress | 37 | €12,119 | €14,148 | +€2,029 | +16.7% |
| Amounts receivable within one year | 40/41 | €57,778 | €58,197 | +€419 | +0.7% |
| Other amounts receivable | 41 | €57,778 | €58,197 | +€419 | +0.7% |
| Cash at bank and in hand | 54/58 | €34,568 | €28,261 | -€6,308 | -18.2% |
| Total equity and liabilities | 10/49 | €104,465 | €100,606 | -€3,859 | -3.7% |
| Equity | 10/15 | €103,286 | €99,939 | -€3,347 | -3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €99,116 | €99,116 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68 | €68 | = | 0.0% |
| Reserves not available under the articles | 1311 | €68 | €68 | = | 0.0% |
| Distributable reserves | 133 | €99,047 | €99,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,379 | -€17,726 | -€3,347 | -23.3% |
| Amounts payable | 17/49 | €1,179 | €666 | -€512 | -43.5% |
| Amounts payable within one year | 42/48 | €1,179 | €666 | -€512 | -43.5% |
| Trade debts | 44 | €748 | €236 | -€512 | -68.5% |
| Suppliers | 440/4 | €748 | €236 | -€512 | -68.5% |
| Other amounts payable | 47/48 | €431 | €431 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €528 | -€36 | -6.3% |
| Gross operating margin | 9900 | -€7,906 | -€2,677 | +€5,229 | +66.1% |
| Operating profit (loss) | 9901 | -€8,470 | -€3,205 | +€5,264 | +62.2% |
| Financial income | 75/76B | €286 | €287 | +€1 | +0.5% |
| Recurring financial income | 75 | €286 | €287 | +€1 | +0.5% |
| Financial charges | 65/66B | €420 | €429 | +€9 | +2.2% |
| Recurring financial charges | 65 | €420 | €429 | +€9 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,604 | -€3,347 | +€5,257 | +61.1% |
| Profit (loss) for the period | 9904 | -€8,604 | -€3,347 | +€5,257 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,604 | -€3,347 | +€5,257 | +61.1% |
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.