Emmaco Beheer: 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.
Emmaco Beheer
Largest movements
- Cash -€16,878
down €16,878 (-27.3%), from €61,713 to €44,835
mainly Contributions, distributions and other (-€68,911) and Debts after one year (-€65,000)
- Tangible fixed assets -€11,379
down €11,379 (-6.1%), from €187,632 to €176,254
of which Furniture and vehicles: -€16,920
- Receivables within one year +€5,065
up €5,065 (+23.3%), from €21,771 to €26,836
of which Other amounts receivable: +€3,972
- Deferred charges and accrued income +€3,731
up €3,731 (+422%), from €885 to €4,616
- Debts after one year -€65,000
down €65,000 (-100%), from €65,000 to €0
- Other debts +€30,082
up €30,082 (+55.4%), from €54,278 to €84,360
- Reserves +€9,263
up €9,263 (+9.7%), from €95,078 to €104,341
- Tax, wage and social debts +€6,064
up €6,064 (+17.6%), from €34,411 to €40,475
of which Taxes: +€6,616
- Gross operating margin +€64,149
up €64,149 (+38.6%), from €166,330 to €230,480
- Staff costs +€14,885
up €14,885 (+22.4%), from €66,312 to €81,197
- Taxes +€10,596
up €10,596 (+102%), from €10,432 to €21,028
- Financial charges -€2,816
down €2,816 (-40.3%), from €6,988 to €4,172
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 | €272,001 | €252,541 | -€19,460 | -7.2% |
| Fixed assets | 21/28 | €187,632 | €176,254 | -€11,379 | -6.1% |
| Tangible fixed assets | 22/27 | €187,632 | €176,254 | -€11,379 | -6.1% |
| Land and buildings | 22 | €165,784 | €171,326 | +€5,542 | +3.3% |
| Furniture and vehicles | 24 | €21,849 | €4,928 | -€16,920 | -77.4% |
| Current assets | 29/58 | €84,368 | €76,287 | -€8,082 | -9.6% |
| Amounts receivable within one year | 40/41 | €21,771 | €26,836 | +€5,065 | +23.3% |
| Trade receivables | 40 | €11,870 | €12,963 | +€1,093 | +9.2% |
| Other amounts receivable | 41 | €9,901 | €13,873 | +€3,972 | +40.1% |
| Cash at bank and in hand | 54/58 | €61,713 | €44,835 | -€16,878 | -27.3% |
| Deferred charges and accrued income | 490/1 | €885 | €4,616 | +€3,731 | +422% |
| Total equity and liabilities | 10/49 | €272,001 | €252,541 | -€19,460 | -7.2% |
| Equity | 10/15 | €113,678 | €122,941 | +€9,263 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,078 | €104,341 | +€9,263 | +9.7% |
| Distributable reserves | 133 | €95,078 | €104,341 | +€9,263 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,323 | €129,600 | -€28,724 | -18.1% |
| Amounts payable after more than one year | 17 | €65,000 | €0 | -€65,000 | -100% |
| Other amounts payable | 178/9 | €65,000 | €0 | -€65,000 | -100% |
| Amounts payable within one year | 42/48 | €90,794 | €127,425 | +€36,631 | +40.3% |
| Trade debts | 44 | €2,105 | €2,590 | +€485 | +23.0% |
| Suppliers | 440/4 | €2,105 | €2,590 | +€485 | +23.0% |
| Taxes, remuneration and social security | 45 | €34,411 | €40,475 | +€6,064 | +17.6% |
| Taxes | 450/3 | €19,705 | €26,321 | +€6,616 | +33.6% |
| Remuneration and social security | 454/9 | €14,706 | €14,154 | -€552 | -3.8% |
| Other amounts payable | 47/48 | €54,278 | €84,360 | +€30,082 | +55.4% |
| Accrued charges and deferred income | 492/3 | €2,529 | €2,175 | -€355 | -14.0% |
| Non-recurring operating income | 76A | €2,650 | €200 | -€2,450 | -92.5% |
| Remuneration, social security and pensions | 62 | €66,312 | €81,197 | +€14,885 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,331 | €41,451 | -€881 | -2.1% |
| Other operating charges | 640/8 | €2,666 | €2,745 | +€79 | +2.9% |
| Non-recurring operating charges | 66A | - | €1,713 | +€1,713 | |
| Gross operating margin | 9900 | €166,330 | €230,480 | +€64,149 | +38.6% |
| Operating profit (loss) | 9901 | €55,021 | €103,374 | +€48,353 | +87.9% |
| Financial charges | 65/66B | €6,988 | €4,172 | -€2,816 | -40.3% |
| Recurring financial charges | 65 | €6,988 | €4,172 | -€2,816 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €48,033 | €99,202 | +€51,169 | +107% |
| Income taxes | 67/77 | €10,432 | €21,028 | +€10,596 | +102% |
| Profit (loss) for the period | 9904 | €37,601 | €78,174 | +€40,574 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €37,601 | €78,174 | +€40,574 | +108% |
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 18 October 2026 via checked.be.