EMMATH: 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.
EMMATH
Largest movements
- Cash +€110,582
up €110,582 (+95.1%), from €116,321 to €226,903
mainly Net result for the year (+€59,800) and Depreciation (+€38,723)
- Tangible fixed assets -€38,723
down €38,723 (-4.4%), from €876,853 to €838,130
of which Land and buildings: -€37,517
- Reserves +€59,800
up €59,800 (+20.0%), from €298,541 to €358,341
- Taxes -€1,982
down €1,982 (-5.8%), from €34,208 to €32,225
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 | €1,044,809 | €1,108,714 | +€63,906 | +6.1% |
| Fixed assets | 21/28 | €876,853 | €838,130 | -€38,723 | -4.4% |
| Tangible fixed assets | 22/27 | €876,853 | €838,130 | -€38,723 | -4.4% |
| Land and buildings | 22 | €828,609 | €791,092 | -€37,517 | -4.5% |
| Other tangible fixed assets | 26 | €48,244 | €47,038 | -€1,206 | -2.5% |
| Current assets | 29/58 | €167,956 | €270,584 | +€102,629 | +61.1% |
| Amounts receivable within one year | 40/41 | €41,402 | €33,725 | -€7,677 | -18.5% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €38,402 | €30,725 | -€7,677 | -20.0% |
| Cash at bank and in hand | 54/58 | €116,321 | €226,903 | +€110,582 | +95.1% |
| Deferred charges and accrued income | 490/1 | €10,233 | €9,957 | -€276 | -2.7% |
| Total equity and liabilities | 10/49 | €1,044,809 | €1,108,714 | +€63,906 | +6.1% |
| Equity | 10/15 | €1,023,541 | €1,083,341 | +€59,800 | +5.8% |
| Contributions | 10/11 | €725,000 | €725,000 | = | 0.0% |
| Reserves | 13 | €298,541 | €358,341 | +€59,800 | +20.0% |
| Distributable reserves | 133 | €298,541 | €358,341 | +€59,800 | +20.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,267 | €25,374 | +€4,106 | +19.3% |
| Amounts payable within one year | 42/48 | €13,167 | €17,074 | +€3,906 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,017 | €4,864 | +€3,846 | +378% |
| Suppliers | 440/4 | €1,017 | €4,864 | +€3,846 | +378% |
| Taxes, remuneration and social security | 45 | €12,150 | €12,210 | +€60 | +0.5% |
| Taxes | 450/3 | €12,150 | €12,210 | +€60 | +0.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,100 | €8,300 | +€200 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,723 | €38,723 | = | 0.0% |
| Other operating charges | 640/8 | €18,411 | €18,692 | +€281 | +1.5% |
| Gross operating margin | 9900 | €147,216 | €146,611 | -€604 | -0.4% |
| Operating profit (loss) | 9901 | €90,082 | €89,196 | -€885 | -1.0% |
| Financial income | 75/76B | €1,892 | €3,196 | +€1,305 | +69.0% |
| Recurring financial income | 75 | €1,892 | €3,196 | +€1,305 | +69.0% |
| Financial charges | 65/66B | €1,216 | €368 | -€848 | -69.7% |
| Recurring financial charges | 65 | €1,216 | €368 | -€848 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €90,758 | €92,025 | +€1,267 | +1.4% |
| Income taxes | 67/77 | €34,208 | €32,225 | -€1,982 | -5.8% |
| Profit (loss) for the period | 9904 | €56,550 | €59,800 | +€3,250 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,550 | €59,800 | +€3,250 | +5.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.