EMMARSON: 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.
EMMARSON
Largest movements
- Receivables within one year -€22,803
down €22,803 (-77.8%), from €29,300 to €6,496
of which Trade receivables: -€22,365
- Other debts +€65,045
up €65,045 (+8.7%), from €750,610 to €815,654
- Trade debts -€45,306
down €45,306 (-87.0%), from €52,106 to €6,800
- Current portion of long-term debt -€23,597
no longer reported in 2025 (was €23,597)
- Profit (loss) carried forward -€21,247
down €21,247 (-19.4%), from -€109,703 to -€130,950
- Gross operating margin +€10,569
up €10,569 (+38.8%), from -€27,241 to -€16,672
- Depreciation -€3,949
down €3,949 (-94.4%), from €4,185 to €236
- Financial charges -€388
down €388 (-51.7%), from €751 to €362
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.
Cash bridge derived
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 | €785,624 | €760,531 | -€25,093 | -3.2% |
| Fixed assets | 21/28 | €747,470 | €747,234 | -€236 | 0.0% |
| Tangible fixed assets | 22/27 | €747,470 | €747,234 | -€236 | 0.0% |
| Plant, machinery and equipment | 23 | €355 | €119 | -€236 | -66.5% |
| Other tangible fixed assets | 26 | €747,115 | €747,115 | = | 0.0% |
| Current assets | 29/58 | €38,154 | €13,297 | -€24,858 | -65.2% |
| Amounts receivable within one year | 40/41 | €29,300 | €6,496 | -€22,803 | -77.8% |
| Trade receivables | 40 | €28,527 | €6,162 | -€22,365 | -78.4% |
| Other amounts receivable | 41 | €773 | €334 | -€438 | -56.7% |
| Cash at bank and in hand | 54/58 | €1,331 | €1,566 | +€235 | +17.7% |
| Deferred charges and accrued income | 490/1 | €7,524 | €5,235 | -€2,290 | -30.4% |
| Total equity and liabilities | 10/49 | €785,624 | €760,531 | -€25,093 | -3.2% |
| Equity | 10/15 | -€41,503 | -€62,750 | -€21,247 | -51.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,703 | -€130,950 | -€21,247 | -19.4% |
| Amounts payable | 17/49 | €827,128 | €823,281 | -€3,847 | -0.5% |
| Amounts payable within one year | 42/48 | €826,661 | €822,775 | -€3,886 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €23,597 | - | -€23,597 | |
| Trade debts | 44 | €52,106 | €6,800 | -€45,306 | -87.0% |
| Suppliers | 440/4 | €52,106 | €6,800 | -€45,306 | -87.0% |
| Taxes, remuneration and social security | 45 | €348 | €321 | -€27 | -7.9% |
| Taxes | 450/3 | €348 | €321 | -€27 | -7.9% |
| Other amounts payable | 47/48 | €750,610 | €815,654 | +€65,045 | +8.7% |
| Accrued charges and deferred income | 492/3 | €467 | €506 | +€39 | +8.5% |
| Non-recurring operating income | 76A | - | €9,347 | +€9,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €236 | -€3,949 | -94.4% |
| Other operating charges | 640/8 | €3,985 | €3,976 | -€8 | -0.2% |
| Gross operating margin | 9900 | -€27,241 | -€16,672 | +€10,569 | +38.8% |
| Operating profit (loss) | 9901 | -€35,410 | -€20,884 | +€14,526 | +41.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €751 | €362 | -€388 | -51.7% |
| Recurring financial charges | 65 | €751 | €362 | -€388 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,161 | -€21,247 | +€14,914 | +41.2% |
| Profit (loss) for the period | 9904 | -€36,161 | -€21,247 | +€14,914 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,161 | -€21,247 | +€14,914 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.