EMMAREM: what changed
Two fiscal 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.
What changed
EMMAREM
NACE 82.990, Other business support services
fiscal year 2020 against 2021filed annual accounts (NBB)
Net result for the year
€217
2020 · €4,419-€4,202
Equity
€175,177
2020 · €174,960+€217
Cash
-
2020 · €29,865-€29,865
Balance sheet total
€1.2m
2020 · €1.3m-€67,137
Largest movements
Assets
- Current assets -€36,171
down €36,171 (-5.6%), from €651,452 to €615,281
of which Cash: -€29,865
- Tangible fixed assets -€30,650
down €30,650 (-5.1%), from €605,655 to €575,005
Equity and liabilities
- Debts within one year -€35,972
down €35,972 (-3.4%), from €1.0m to €1.0m
of which Trade debts: -€48,542
- Debts after one year -€31,381
down €31,381 (-34.4%), from €91,227 to €59,846
Income statement
- Staff costs +€190,301
new in 2021: €190,301
- Financial charges +€10,622
new in 2021: €10,622
- Other operating charges +€4,301
new in 2021: €4,301
- Depreciation -€4,010
down €4,010 (-12.2%), from €32,792 to €28,782
From the 2020 result to the 2021 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.
Result 2020
€4,419
Gross operating margin
-€846
Staff costs
-€190,301
Depreciation
+€4,010
Other operating charges
-€4,301
Other operating items
+€182,185
Financial income
+€1,345
Financial charges
-€10,622
Other financial items
+€14,329
Taxes
-€0
Result 2021
€217
Cash bridge derived
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,312,183 | €1,245,047 | -€67,137 | -5.1% |
| Formation expenses | 20 | €632 | €316 | -€316 | -50.0% |
| Fixed assets | 21/28 | €660,100 | €629,450 | -€30,650 | -4.6% |
| Intangible fixed assets | 21 | €40,902 | €40,902 | = | 0.0% |
| Tangible fixed assets | 22/27 | €605,655 | €575,005 | -€30,650 | -5.1% |
| Land and buildings | 22 | - | €346,934 | +€346,934 | |
| Plant, machinery and equipment | 23 | - | €199,655 | +€199,655 | |
| Furniture and vehicles | 24 | - | €13,791 | +€13,791 | |
| Other tangible fixed assets | 26 | - | €14,625 | +€14,625 | |
| Financial fixed assets | 28 | €13,543 | €13,543 | = | 0.0% |
| Current assets | 29/58 | €651,452 | €615,281 | -€36,171 | -5.6% |
| Stocks and contracts in progress | 3 | €444,043 | €444,043 | = | 0.0% |
| Stocks | 30/36 | - | €444,043 | +€444,043 | |
| Amounts receivable within one year | 40/41 | €175,889 | €168,916 | -€6,972 | -4.0% |
| Trade receivables | 40 | - | €54,484 | +€54,484 | |
| Other amounts receivable | 41 | - | €114,432 | +€114,432 | |
| Cash at bank and in hand | 54/58 | €29,865 | - | -€29,865 | |
| Deferred charges and accrued income | 490/1 | - | €2,321 | +€2,321 | |
| Total equity and liabilities | 10/49 | €1,312,183 | €1,245,047 | -€67,137 | -5.1% |
| Equity | 10/15 | €174,960 | €175,177 | +€217 | +0.1% |
| Contributions | 10/11 | - | €460,000 | +€460,000 | |
| Reserves | 13 | €44,267 | €44,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €2,500 | +€2,500 | |
| Reserves not available under the articles | 1311 | - | €2,500 | +€2,500 | |
| Tax-exempt reserves | 132 | - | €37,500 | +€37,500 | |
| Distributable reserves | 133 | - | €4,267 | +€4,267 | |
| Profit (loss) carried forward | 14 | -€329,307 | -€329,090 | +€217 | +0.1% |
| Amounts payable | 17/49 | €1,137,223 | €1,069,870 | -€67,354 | -5.9% |
| Amounts payable after more than one year | 17 | €91,227 | €59,846 | -€31,381 | -34.4% |
| Financial debts | 170/4 | - | €59,846 | +€59,846 | |
| Amounts payable within one year | 42/48 | €1,045,996 | €1,010,024 | -€35,972 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €31,381 | +€31,381 | |
| Financial debts | 43 | - | €198,969 | +€198,969 | |
| Credit institutions | 430/8 | - | €198,969 | +€198,969 | |
| Trade debts | 44 | €752,356 | €703,814 | -€48,542 | -6.5% |
| Suppliers | 440/4 | - | €703,814 | +€703,814 | |
| Taxes, remuneration and social security | 45 | - | €29,872 | +€29,872 | |
| Taxes | 450/3 | - | €11,647 | +€11,647 | |
| Remuneration and social security | 454/9 | - | €18,225 | +€18,225 | |
| Other amounts payable | 47/48 | - | €45,988 | +€45,988 | |
| Remuneration, social security and pensions | 62 | - | €190,301 | +€190,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,792 | €28,782 | -€4,010 | -12.2% |
| Other operating charges | 640/8 | - | €4,301 | +€4,301 | |
| Gross operating margin | 9900 | €233,725 | €232,879 | -€846 | -0.4% |
| Operating profit (loss) | 9901 | €18,748 | €9,494 | -€9,254 | -49.4% |
| Financial income | 75/76B | - | €1,345 | +€1,345 | |
| Recurring financial income | 75 | €216 | €1,345 | +€1,129 | +523.4% |
| Financial charges | 65/66B | - | €10,622 | +€10,622 | |
| Recurring financial charges | 65 | €14,544 | €10,622 | -€3,923 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €4,419 | €217 | -€4,202 | -95.1% |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | €4,419 | €217 | -€4,202 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,419 | €217 | -€4,202 | -95.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.