EMMA B: 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 B
Largest movements
- Cash -€3,075
down €3,075 (-55.2%), from €5,567 to €2,492
mainly Tax, wage and social debts (-€2,545) and Trade debts (-€2,319)
- Receivables within one year -€2,927
down €2,927 (-17.6%), from €16,645 to €13,718
of which Trade receivables: -€4,362
- Tangible fixed assets -€919
down €919 (-57.9%), from €1,587 to €668
of which Other tangible fixed assets: -€602
- Tax, wage and social debts -€2,545
down €2,545 (-75.0%), from €3,395 to €850
- Trade debts -€2,319
down €2,319 (-80.3%), from €2,889 to €570
- Profit (loss) carried forward -€2,257
down €2,257 (-260%), from -€868 to -€3,125
- Gross operating margin -€9,169
down €9,169, from €7,974 to -€1,195
- Taxes -€3,206
down €3,206 (-99.9%), from €3,210 to €4
- Financial charges -€408
down €408 (-74.6%), from €548 to €139
- Financial income -€368
no longer reported in 2025 (was €368)
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 | €24,016 | €16,895 | -€7,121 | -29.7% |
| Fixed assets | 21/28 | €1,587 | €668 | -€919 | -57.9% |
| Tangible fixed assets | 22/27 | €1,587 | €668 | -€919 | -57.9% |
| Furniture and vehicles | 24 | €383 | €66 | -€317 | -82.7% |
| Other tangible fixed assets | 26 | €1,205 | €602 | -€602 | -50.0% |
| Current assets | 29/58 | €22,429 | €16,226 | -€6,202 | -27.7% |
| Amounts receivable within one year | 40/41 | €16,645 | €13,718 | -€2,927 | -17.6% |
| Trade receivables | 40 | €7,805 | €3,444 | -€4,362 | -55.9% |
| Other amounts receivable | 41 | €8,840 | €10,274 | +€1,434 | +16.2% |
| Cash at bank and in hand | 54/58 | €5,567 | €2,492 | -€3,075 | -55.2% |
| Deferred charges and accrued income | 490/1 | €217 | €17 | -€200 | -92.2% |
| Total equity and liabilities | 10/49 | €24,016 | €16,895 | -€7,121 | -29.7% |
| Equity | 10/15 | €17,732 | €15,475 | -€2,257 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€868 | -€3,125 | -€2,257 | -260% |
| Amounts payable | 17/49 | €6,284 | €1,419 | -€4,864 | -77.4% |
| Amounts payable within one year | 42/48 | €6,284 | €1,419 | -€4,864 | -77.4% |
| Trade debts | 44 | €2,889 | €570 | -€2,319 | -80.3% |
| Suppliers | 440/4 | €2,889 | €570 | -€2,319 | -80.3% |
| Taxes, remuneration and social security | 45 | €3,395 | €850 | -€2,545 | -75.0% |
| Taxes | 450/3 | €3,395 | €850 | -€2,545 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €919 | -€38 | -4.0% |
| Gross operating margin | 9900 | €7,974 | -€1,195 | -€9,169 | |
| Operating profit (loss) | 9901 | €7,017 | -€2,114 | -€9,131 | |
| Financial income | 75/76B | €368 | - | -€368 | |
| Recurring financial income | 75 | €368 | - | -€368 | |
| Financial charges | 65/66B | €548 | €139 | -€408 | -74.6% |
| Recurring financial charges | 65 | €548 | €139 | -€408 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | €6,838 | -€2,254 | -€9,091 | |
| Income taxes | 67/77 | €3,210 | €4 | -€3,206 | -99.9% |
| Profit (loss) for the period | 9904 | €3,628 | -€2,257 | -€5,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,628 | -€2,257 | -€5,885 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.