EMMANUEL & CO: what changed
EMMANUEL & CO
Largest movements
- Receivables after one year -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Cash +€14,823
up €14,823 (+17.3%), from €85,514 to €100,337
mainly Receivables after one year (+€20,000) and Net result for the year (+€13,557)
- Receivables within one year +€11,380
up €11,380 (+434%), from €2,624 to €14,005
of which Trade receivables: +€10,633
- Tangible fixed assets -€10,312
down €10,312 (-58.0%), from €17,765 to €7,453
of which Furniture and vehicles: -€9,411
- Stocks and contracts -€10,000
down €10,000 (-37.3%), from €26,787 to €16,787
- Other debts -€6,386
down €6,386 (-100.0%), from €6,387 to €0
- Debts after one year -€4,970
no longer reported in 2025 (was €4,970)
- Reserves -€3,943
down €3,943 (-2.0%), from €202,218 to €198,275
- Tax, wage and social debts +€2,499
up €2,499 (+55.1%), from €4,532 to €7,031
of which Taxes: +€1,460
- Depreciation -€3,433
down €3,433 (-25.0%), from €13,745 to €10,312
- Gross operating margin +€2,811
up €2,811 (+10.7%), from €26,254 to €29,065
- Taxes +€1,719
up €1,719 (+48.4%), from €3,554 to €5,273
- Financial charges -€604
down €604 (-59.0%), from €1,024 to €420
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,996 | €222,329 | -€12,668 | -5.4% |
| Fixed assets | 21/28 | €17,765 | €7,453 | -€10,312 | -58.0% |
| Tangible fixed assets | 22/27 | €17,765 | €7,453 | -€10,312 | -58.0% |
| Furniture and vehicles | 24 | €10,386 | €975 | -€9,411 | -90.6% |
| Other tangible fixed assets | 26 | €7,379 | €6,478 | -€901 | -12.2% |
| Current assets | 29/58 | €217,231 | €214,875 | -€2,356 | -1.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Other amounts receivable | 291 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Stocks and contracts in progress | 3 | €26,787 | €16,787 | -€10,000 | -37.3% |
| Stocks | 30/36 | €26,787 | €16,787 | -€10,000 | -37.3% |
| Amounts receivable within one year | 40/41 | €2,624 | €14,005 | +€11,380 | +434% |
| Trade receivables | 40 | €2,117 | €12,750 | +€10,633 | +502% |
| Other amounts receivable | 41 | €508 | €1,255 | +€748 | +147% |
| Cash at bank and in hand | 54/58 | €85,514 | €100,337 | +€14,823 | +17.3% |
| Deferred charges and accrued income | 490/1 | €2,306 | €3,747 | +€1,441 | +62.5% |
| Total equity and liabilities | 10/49 | €234,996 | €222,329 | -€12,668 | -5.4% |
| Equity | 10/15 | €208,418 | €204,475 | -€3,943 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €202,218 | €198,275 | -€3,943 | -2.0% |
| Distributable reserves | 133 | €202,218 | €198,275 | -€3,943 | -2.0% |
| Amounts payable | 17/49 | €26,578 | €17,854 | -€8,724 | -32.8% |
| Amounts payable after more than one year | 17 | €4,970 | - | -€4,970 | |
| Financial debts | 170/4 | €4,970 | - | -€4,970 | |
| Amounts payable within one year | 42/48 | €20,635 | €15,945 | -€4,690 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €6,418 | €4,970 | -€1,448 | -22.6% |
| Trade debts | 44 | €3,298 | €3,943 | +€645 | +19.6% |
| Suppliers | 440/4 | €3,298 | €3,943 | +€645 | +19.6% |
| Taxes, remuneration and social security | 45 | €4,532 | €7,031 | +€2,499 | +55.1% |
| Taxes | 450/3 | €4,227 | €5,687 | +€1,460 | +34.5% |
| Remuneration and social security | 454/9 | €305 | €1,344 | +€1,039 | +341% |
| Other amounts payable | 47/48 | €6,387 | €0 | -€6,386 | -100.0% |
| Accrued charges and deferred income | 492/3 | €973 | €1,909 | +€936 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,745 | €10,312 | -€3,433 | -25.0% |
| Other operating charges | 640/8 | €1,188 | €1,436 | +€248 | +20.8% |
| Gross operating margin | 9900 | €26,254 | €29,065 | +€2,811 | +10.7% |
| Operating profit (loss) | 9901 | €11,320 | €17,317 | +€5,997 | +53.0% |
| Financial income | 75/76B | €1,909 | €1,932 | +€23 | +1.2% |
| Recurring financial income | 75 | €1,909 | €1,932 | +€23 | +1.2% |
| Financial charges | 65/66B | €1,024 | €420 | -€604 | -59.0% |
| Recurring financial charges | 65 | €1,024 | €420 | -€604 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €12,206 | €18,830 | +€6,624 | +54.3% |
| Income taxes | 67/77 | €3,554 | €5,273 | +€1,719 | +48.4% |
| Profit (loss) for the period | 9904 | €8,652 | €13,557 | +€4,905 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,652 | €13,557 | +€4,905 | +56.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.