EMMAT: 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.
EMMAT
Largest movements
- Cash +€136,072
up €136,072 (+344.9%), from €39,456 to €175,529
mainly Current investments (+€125,000) and Depreciation (+€54,679)
- Current investments -€125,000
no longer reported in 2024 (was €125,000)
- Tangible fixed assets -€49,924
down €49,924 (-6.8%), from €738,313 to €688,389
of which Land and buildings: -€49,463
- Receivables within one year -€42,153
down €42,153 (-94.6%), from €44,558 to €2,405
- Other debts -€62,649
down €62,649 (-99.6%), from €62,919 to €270
- Profit (loss) carried forward +€46,985
up €46,985 (+20.6%), from €227,646 to €274,632
- Tax, wage and social debts -€40,677
down €40,677 (-90.0%), from €45,186 to €4,509
- Current portion of long-term debt -€10,179
no longer reported in 2024 (was €10,179)
- Gross operating margin -€255,300
down €255,300 (-63.1%), from €404,480 to €149,180
- Taxes -€75,789
down €75,789 (-76.6%), from €98,884 to €23,095
- Other operating charges +€14,319
up €14,319 (+126.5%), from €11,322 to €25,641
- Depreciation -€12,337
down €12,337 (-18.4%), from €67,016 to €54,679
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,733 | €866,728 | -€81,004 | -8.5% |
| Fixed assets | 21/28 | €738,719 | €688,795 | -€49,924 | -6.8% |
| Tangible fixed assets | 22/27 | €738,313 | €688,389 | -€49,924 | -6.8% |
| Land and buildings | 22 | €730,504 | €681,041 | -€49,463 | -6.8% |
| Plant, machinery and equipment | 23 | €2,239 | €1,260 | -€979 | -43.7% |
| Furniture and vehicles | 24 | €604 | €1,123 | +€518 | +85.8% |
| Assets under construction and advance payments | 27 | €4,965 | €4,965 | = | 0.0% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €209,014 | €177,933 | -€31,081 | -14.9% |
| Amounts receivable within one year | 40/41 | €44,558 | €2,405 | -€42,153 | -94.6% |
| Other amounts receivable | 41 | €44,558 | €2,405 | -€42,153 | -94.6% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €39,456 | €175,529 | +€136,072 | +344.9% |
| Total equity and liabilities | 10/49 | €947,733 | €866,728 | -€81,004 | -8.5% |
| Equity | 10/15 | €811,438 | €858,423 | +€46,985 | +5.8% |
| Contributions | 10/11 | €95,787 | €95,787 | = | 0.0% |
| Capital | 10 | €95,787 | €95,787 | = | 0.0% |
| Issued capital | 100 | €95,787 | €95,787 | = | 0.0% |
| Reserves | 13 | €488,004 | €488,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,617 | €21,617 | = | 0.0% |
| Legal reserve | 130 | €21,617 | €21,617 | = | 0.0% |
| Distributable reserves | 133 | €466,387 | €466,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,646 | €274,632 | +€46,985 | +20.6% |
| Amounts payable | 17/49 | €136,295 | €8,305 | -€127,990 | -93.9% |
| Amounts payable after more than one year | 17 | €5,998 | - | -€5,998 | |
| Financial debts | 170/4 | €5,998 | - | -€5,998 | |
| Amounts payable within one year | 42/48 | €130,297 | €4,815 | -€125,482 | -96.3% |
| Current portion of amounts payable after more than one year | 42 | €10,179 | - | -€10,179 | |
| Financial debts | 43 | €3,379 | - | -€3,379 | |
| Credit institutions | 430/8 | €3,379 | - | -€3,379 | |
| Trade debts | 44 | €8,635 | €36 | -€8,599 | -99.6% |
| Suppliers | 440/4 | €8,635 | €36 | -€8,599 | -99.6% |
| Taxes, remuneration and social security | 45 | €45,186 | €4,509 | -€40,677 | -90.0% |
| Taxes | 450/3 | €45,186 | €4,509 | -€40,677 | -90.0% |
| Other amounts payable | 47/48 | €62,919 | €270 | -€62,649 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €3,490 | +€3,490 | |
| Non-recurring operating income | 76A | €279,777 | - | -€279,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,016 | €54,679 | -€12,337 | -18.4% |
| Other operating charges | 640/8 | €11,322 | €25,641 | +€14,319 | +126.5% |
| Gross operating margin | 9900 | €404,480 | €149,180 | -€255,300 | -63.1% |
| Operating profit (loss) | 9901 | €326,142 | €68,860 | -€257,282 | -78.9% |
| Financial income | 75/76B | €1 | €2,400 | +€2,399 | +315673.7% |
| Recurring financial income | 75 | €1 | €2,357 | +€2,356 | +309996.1% |
| Non-recurring financial income | 76B | €1 | €43 | +€42 | +5577.6% |
| Financial charges | 65/66B | €1,118 | €1,179 | +€60 | +5.4% |
| Recurring financial charges | 65 | €1,116 | €1,179 | +€63 | +5.6% |
| Non-recurring financial charges | 66B | €3 | €0 | -€2 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €325,024 | €70,081 | -€254,944 | -78.4% |
| Income taxes | 67/77 | €98,884 | €23,095 | -€75,789 | -76.6% |
| Profit (loss) for the period | 9904 | €226,140 | €46,985 | -€179,154 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €226,140 | €46,985 | -€179,154 | -79.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.