EMMA LINE: 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 LINE
Largest movements
- Receivables within one year +€92,783
up €92,783 (+41.7%), from €222,304 to €315,087
of which Other amounts receivable: +€96,927
- Tangible fixed assets -€22,901
down €22,901 (-3.1%), from €734,983 to €712,083
of which Land and buildings: -€22,442
- Reserves +€66,709
up €66,709 (+37.6%), from €177,398 to €244,107
- Tax, wage and social debts +€49,047
up €49,047 (+71.8%), from €68,312 to €117,360
- Debts after one year -€41,552
down €41,552 (-9.4%), from €440,624 to €399,073
- Other debts -€25,000
down €25,000 (-39.4%), from €63,500 to €38,500
- Trade debts +€21,860
up €21,860 (+27.4%), from €79,699 to €101,558
- Taxes +€22,511
up €22,511 (+150%), from €15,033 to €37,544
- Gross operating margin +€15,131
up €15,131 (+11.1%), from €135,805 to €150,936
- Financial income -€10,518
no longer reported in 2025 (was €10,518)
- Financial charges -€7,155
down €7,155 (-35.0%), from €20,414 to €13,259
- Depreciation -€4,131
down €4,131 (-14.2%), from €29,123 to €24,992
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €968,798 | €1,036,544 | +€67,746 | +7.0% |
| Formation expenses | 20 | €10,979 | €8,888 | -€2,091 | -19.0% |
| Fixed assets | 21/28 | €734,983 | €712,083 | -€22,901 | -3.1% |
| Tangible fixed assets | 22/27 | €734,983 | €712,083 | -€22,901 | -3.1% |
| Land and buildings | 22 | €734,525 | €712,083 | -€22,442 | -3.1% |
| Furniture and vehicles | 24 | €458 | - | -€458 | |
| Current assets | 29/58 | €222,836 | €315,574 | +€92,738 | +41.6% |
| Amounts receivable within one year | 40/41 | €222,304 | €315,087 | +€92,783 | +41.7% |
| Trade receivables | 40 | €9,000 | €4,857 | -€4,143 | -46.0% |
| Other amounts receivable | 41 | €213,304 | €310,231 | +€96,927 | +45.4% |
| Deferred charges and accrued income | 490/1 | €532 | €486 | -€45 | -8.5% |
| Total equity and liabilities | 10/49 | €968,798 | €1,036,544 | +€67,746 | +7.0% |
| Equity | 10/15 | €240,154 | €306,863 | +€66,709 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,398 | €244,107 | +€66,709 | +37.6% |
| Distributable reserves | 133 | €177,398 | €244,107 | +€66,709 | +37.6% |
| Profit (loss) carried forward | 14 | €44,156 | €44,156 | = | 0.0% |
| Amounts payable | 17/49 | €728,645 | €729,682 | +€1,037 | +0.1% |
| Amounts payable after more than one year | 17 | €440,624 | €399,073 | -€41,552 | -9.4% |
| Financial debts | 170/4 | €440,624 | €399,073 | -€41,552 | -9.4% |
| Amounts payable within one year | 42/48 | €282,240 | €330,609 | +€48,369 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €48,992 | €49,728 | +€736 | +1.5% |
| Financial debts | 43 | €21,737 | €23,463 | +€1,726 | +7.9% |
| Credit institutions | 430/8 | €21,737 | €23,463 | +€1,726 | +7.9% |
| Trade debts | 44 | €79,699 | €101,558 | +€21,860 | +27.4% |
| Suppliers | 440/4 | €79,699 | €101,558 | +€21,860 | +27.4% |
| Taxes, remuneration and social security | 45 | €68,312 | €117,360 | +€49,047 | +71.8% |
| Taxes | 450/3 | €68,312 | €117,360 | +€49,047 | +71.8% |
| Other amounts payable | 47/48 | €63,500 | €38,500 | -€25,000 | -39.4% |
| Accrued charges and deferred income | 492/3 | €5,780 | - | -€5,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,123 | €24,992 | -€4,131 | -14.2% |
| Other operating charges | 640/8 | €9,187 | €8,432 | -€756 | -8.2% |
| Gross operating margin | 9900 | €135,805 | €150,936 | +€15,131 | +11.1% |
| Operating profit (loss) | 9901 | €97,494 | €117,512 | +€20,017 | +20.5% |
| Financial income | 75/76B | €10,518 | - | -€10,518 | |
| Recurring financial income | 75 | €10,518 | - | -€10,518 | |
| Financial charges | 65/66B | €20,414 | €13,259 | -€7,155 | -35.0% |
| Recurring financial charges | 65 | €20,414 | €13,259 | -€7,155 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €87,598 | €104,253 | +€16,655 | +19.0% |
| Income taxes | 67/77 | €15,033 | €37,544 | +€22,511 | +150% |
| Profit (loss) for the period | 9904 | €72,565 | €66,709 | -€5,856 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,565 | €66,709 | -€5,856 | -8.1% |
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 15 October 2026 via checked.be.