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 +€66,248
up €66,248 (+191.4%), from €34,618 to €100,866
mainly Depreciation (+€162,927) and Debts within one year (+€90,089)
- Tangible fixed assets -€56,089
down €56,089 (-2.7%), from €2.0m to €2.0m
of which Land and buildings: -€75,089
- Receivables within one year -€34,071
down €34,071 (-31.5%), from €108,164 to €74,093
of which Other amounts receivable: -€45,557
- Profit (loss) carried forward -€116,600
down €116,600 (-9.4%), from €1.2m to €1.1m
- Debts within one year +€90,089
up €90,089 (+16.8%), from €536,819 to €626,908
- Debts after one year +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Investment grants -€27,862
down €27,862 (-10.5%), from €265,219 to €237,357
- Gross operating margin +€62,790
up €62,790 (+2.6%), from €2.4m to €2.5m
- Financial income -€42,250
down €42,250 (-87.5%), from €48,262 to €6,012
- Purchases and services -€39,684
down €39,684 (-9.1%), from €433,865 to €394,181
- Staff costs +€34,317
up €34,317 (+1.4%), from €2.4m to €2.4m
- Turnover -€26,287
down €26,287 (-3.8%), from €687,913 to €661,627
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 | €2,718,823 | €2,709,451 | -€9,372 | -0.3% |
| Fixed assets | 21/28 | €2,049,629 | €1,993,541 | -€56,089 | -2.7% |
| Tangible fixed assets | 22/27 | €2,049,629 | €1,993,541 | -€56,089 | -2.7% |
| Land and buildings | 22 | €1,663,356 | €1,588,266 | -€75,089 | -4.5% |
| Plant, machinery and equipment | 23 | €365,680 | €349,858 | -€15,822 | -4.3% |
| Furniture and vehicles | 24 | €20,594 | €55,416 | +€34,823 | +169.1% |
| Current assets | 29/58 | €669,194 | €715,910 | +€46,716 | +7.0% |
| Amounts receivable within one year | 40/41 | €108,164 | €74,093 | -€34,071 | -31.5% |
| Trade receivables | 40 | €62,607 | €74,093 | +€11,486 | +18.3% |
| Other amounts receivable | 41 | €45,557 | - | -€45,557 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,618 | €100,866 | +€66,248 | +191.4% |
| Deferred charges and accrued income | 490/1 | €326,412 | €340,951 | +€14,540 | +4.5% |
| Total equity and liabilities | 10/49 | €2,718,823 | €2,709,451 | -€9,372 | -0.3% |
| Equity | 10/15 | €1,977,005 | €1,832,543 | -€144,462 | -7.3% |
| Contributions | 10/11 | €467,467 | €467,467 | = | 0.0% |
| Capital | 10 | €467,467 | €467,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,244,319 | €1,127,719 | -€116,600 | -9.4% |
| Investment grants | 15 | €265,219 | €237,357 | -€27,862 | -10.5% |
| Provisions and deferred taxes | 16 | €5,000 | - | -€5,000 | |
| Provisions for liabilities and charges | 160/5 | €5,000 | - | -€5,000 | |
| Other liabilities and charges | 164/5 | €5,000 | - | -€5,000 | |
| Amounts payable | 17/49 | €736,819 | €876,908 | +€140,089 | +19.0% |
| Amounts payable after more than one year | 17 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Other amounts payable | 178/9 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Amounts payable within one year | 42/48 | €536,819 | €626,908 | +€90,089 | +16.8% |
| Trade debts | 44 | €59,002 | €88,328 | +€29,326 | +49.7% |
| Suppliers | 440/4 | €59,002 | €88,328 | +€29,326 | +49.7% |
| Taxes, remuneration and social security | 45 | €235,307 | €259,592 | +€24,285 | +10.3% |
| Remuneration and social security | 454/9 | €235,307 | €259,592 | +€24,285 | +10.3% |
| Turnover | 70 | €687,913 | €661,627 | -€26,287 | -3.8% |
| Membership fees, donations, legacies and grants | 73 | €2,178,255 | €2,204,652 | +€26,396 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €433,865 | €394,181 | -€39,684 | -9.1% |
| Remuneration, social security and pensions | 62 | €2,376,181 | €2,410,498 | +€34,317 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,404 | €162,927 | +€3,523 | +2.2% |
| Other operating charges | 640/8 | €3,654 | €3,327 | -€327 | -8.9% |
| Gross operating margin | 9900 | €2,432,304 | €2,495,093 | +€62,790 | +2.6% |
| Operating profit (loss) | 9901 | -€106,935 | -€81,659 | +€25,276 | +23.6% |
| Financial income | 75/76B | €48,262 | €6,012 | -€42,250 | -87.5% |
| Recurring financial income | 75 | €48,262 | €6,012 | -€42,250 | -87.5% |
| Financial charges | 65/66B | €418 | €396 | -€22 | -5.3% |
| Recurring financial charges | 65 | €418 | €396 | -€22 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€59,091 | -€76,043 | -€16,952 | -28.7% |
| Profit (loss) for the period | 9904 | -€59,091 | -€76,043 | -€16,952 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,091 | -€76,043 | -€16,952 | -28.7% |
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 10 October 2026 via checked.be.