EMMAUS: 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.
EMMAUS
Largest movements
- Cash +€29,058
up €29,058 (+114.4%), from €25,393 to €54,451
mainly Depreciation (+€21,484) and Trade debts (+€9,444)
- Tangible fixed assets -€27,787
down €27,787 (-50.7%), from €54,839 to €27,052
- Receivables within one year -€6,496
down €6,496 (-23.7%), from €27,410 to €20,914
of which Other amounts receivable: -€8,740
- Deferred charges and accrued income -€4,492
down €4,492 (-37.6%), from €11,958 to €7,466
- Reserves -€15,729
down €15,729 (-15.9%), from €98,938 to €83,209
of which Distributable reserves: -€15,729
- Trade debts +€9,444
up €9,444 (+47.6%), from €19,857 to €29,300
- Current portion of long-term debt -€4,181
down €4,181 (-100.0%), from €4,181 to €0
- Other debts -€2,707
down €2,707 (-91.7%), from €2,953 to €246
- Tax, wage and social debts +€2,365
up €2,365 (+50.6%), from €4,671 to €7,036
of which Taxes: +€2,365
- Other operating charges +€38,289
up €38,289 (+1607.6%), from €2,382 to €40,671
- Gross operating margin +€23,858
up €23,858 (+105.5%), from €22,621 to €46,479
- Depreciation -€2,024
down €2,024 (-8.6%), from €23,508 to €21,484
- Taxes -€1,071
down €1,071 (-86.5%), from €1,238 to €167
- Financial charges -€528
down €528 (-39.6%), from €1,334 to €806
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 | €149,600 | €139,883 | -€9,717 | -6.5% |
| Fixed assets | 21/28 | €54,839 | €27,052 | -€27,787 | -50.7% |
| Tangible fixed assets | 22/27 | €54,839 | €27,052 | -€27,787 | -50.7% |
| Plant, machinery and equipment | 23 | €5,287 | €950 | -€4,336 | -82.0% |
| Furniture and vehicles | 24 | €17,295 | €8,658 | -€8,636 | -49.9% |
| Leasing and similar rights | 25 | €11,321 | €0 | -€11,321 | -100.0% |
| Other tangible fixed assets | 26 | €20,937 | €17,444 | -€3,493 | -16.7% |
| Current assets | 29/58 | €94,760 | €112,830 | +€18,070 | +19.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,410 | €20,914 | -€6,496 | -23.7% |
| Trade receivables | 40 | €18,655 | €20,899 | +€2,244 | +12.0% |
| Other amounts receivable | 41 | €8,755 | €15 | -€8,740 | -99.8% |
| Cash at bank and in hand | 54/58 | €25,393 | €54,451 | +€29,058 | +114.4% |
| Deferred charges and accrued income | 490/1 | €11,958 | €7,466 | -€4,492 | -37.6% |
| Total equity and liabilities | 10/49 | €149,600 | €139,883 | -€9,717 | -6.5% |
| Equity | 10/15 | €117,938 | €102,209 | -€15,729 | -13.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €98,938 | €83,209 | -€15,729 | -15.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €98,938 | €83,209 | -€15,729 | -15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,661 | €37,673 | +€6,012 | +19.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,661 | €36,750 | +€5,089 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €4,181 | €0 | -€4,181 | -100.0% |
| Financial debts | 43 | - | €168 | +€168 | |
| Credit institutions | 430/8 | - | €168 | +€168 | |
| Trade debts | 44 | €19,857 | €29,300 | +€9,444 | +47.6% |
| Suppliers | 440/4 | €19,857 | €29,300 | +€9,444 | +47.6% |
| Taxes, remuneration and social security | 45 | €4,671 | €7,036 | +€2,365 | +50.6% |
| Taxes | 450/3 | €2,271 | €4,636 | +€2,365 | +104.1% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €2,953 | €246 | -€2,707 | -91.7% |
| Accrued charges and deferred income | 492/3 | €0 | €923 | +€923 | |
| Non-recurring operating income | 76A | €15,000 | €279 | -€14,721 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,508 | €21,484 | -€2,024 | -8.6% |
| Other operating charges | 640/8 | €2,382 | €40,671 | +€38,289 | +1607.6% |
| Non-recurring operating charges | 66A | - | €32 | +€32 | |
| Gross operating margin | 9900 | €22,621 | €46,479 | +€23,858 | +105.5% |
| Operating profit (loss) | 9901 | -€3,269 | -€15,708 | -€12,439 | -380.6% |
| Financial income | 75/76B | €1,342 | €952 | -€390 | -29.1% |
| Recurring financial income | 75 | €1,342 | €952 | -€390 | -29.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,334 | €806 | -€528 | -39.6% |
| Recurring financial charges | 65 | €1,334 | €806 | -€528 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,261 | -€15,562 | -€12,301 | -377.2% |
| Income taxes | 67/77 | €1,238 | €167 | -€1,071 | -86.5% |
| Profit (loss) for the period | 9904 | -€4,499 | -€15,729 | -€11,230 | -249.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,499 | -€15,729 | -€11,230 | -249.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.