EMMEN: 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.
EMMEN
Largest movements
- Financial fixed assets +€850,000
up €850,000 (+52.6%), from €1.6m to €2.5m
- Tangible fixed assets +€286,331
up €286,331 (+48.8%), from €586,818 to €873,149
- Stocks and contracts +€48,461
up €48,461 (+14.3%), from €339,000 to €387,461
- Debts after one year +€1.2m
up €1.2m (+147%), from €786,674 to €1.9m
- Reserves +€130,655
up €130,655 (+30.2%), from €432,409 to €563,064
- Other debts -€106,591
down €106,591 (-64.5%), from €165,195 to €58,604
- Gross operating margin -€27,698
down €27,698 (-8.4%), from €330,349 to €302,651
- Taxes -€15,890
down €15,890 (-19.3%), from €82,462 to €66,572
- Financial charges +€14,081
up €14,081 (+26.1%), from €53,907 to €67,988
- Depreciation +€3,517
up €3,517 (+11.9%), from €29,486 to €33,003
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 | €2,841,192 | €4,064,447 | +€1.2m | +43.1% |
| Fixed assets | 21/28 | €2,201,358 | €3,337,689 | +€1.1m | +51.6% |
| Tangible fixed assets | 22/27 | €586,818 | €873,149 | +€286,331 | +48.8% |
| Land and buildings | 22 | €586,818 | €873,149 | +€286,331 | +48.8% |
| Financial fixed assets | 28 | €1,614,540 | €2,464,540 | +€850,000 | +52.6% |
| Current assets | 29/58 | €639,834 | €726,758 | +€86,924 | +13.6% |
| Stocks and contracts in progress | 3 | €339,000 | €387,461 | +€48,461 | +14.3% |
| Stocks | 30/36 | €339,000 | €387,461 | +€48,461 | +14.3% |
| Amounts receivable within one year | 40/41 | €297,092 | €333,268 | +€36,176 | +12.2% |
| Trade receivables | 40 | €46,369 | €44,029 | -€2,340 | -5.0% |
| Other amounts receivable | 41 | €250,723 | €289,239 | +€38,516 | +15.4% |
| Cash at bank and in hand | 54/58 | €3,742 | €6,029 | +€2,287 | +61.1% |
| Total equity and liabilities | 10/49 | €2,841,192 | €4,064,447 | +€1.2m | +43.1% |
| Equity | 10/15 | €1,682,409 | €1,813,064 | +€130,655 | +7.8% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Share premium | 1100/10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €432,409 | €563,064 | +€130,655 | +30.2% |
| Distributable reserves | 133 | €432,409 | €563,064 | +€130,655 | +30.2% |
| Amounts payable | 17/49 | €1,158,783 | €2,251,383 | +€1.1m | +94.3% |
| Amounts payable after more than one year | 17 | €786,674 | €1,942,652 | +€1.2m | +147% |
| Financial debts | 170/4 | €786,674 | €1,942,652 | +€1.2m | +147% |
| Amounts payable within one year | 42/48 | €364,744 | €283,521 | -€81,223 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €139,069 | €103,948 | -€35,121 | -25.3% |
| Financial debts | 43 | €20,000 | €40,000 | +€20,000 | +100% |
| Credit institutions | 430/8 | €20,000 | €40,000 | +€20,000 | +100% |
| Trade debts | 44 | €2,722 | €4,873 | +€2,151 | +79.0% |
| Suppliers | 440/4 | €2,722 | €4,873 | +€2,151 | +79.0% |
| Taxes, remuneration and social security | 45 | €37,758 | €76,096 | +€38,338 | +102% |
| Taxes | 450/3 | €37,758 | €76,096 | +€38,338 | +102% |
| Other amounts payable | 47/48 | €165,195 | €58,604 | -€106,591 | -64.5% |
| Accrued charges and deferred income | 492/3 | €7,365 | €25,210 | +€17,845 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,486 | €33,003 | +€3,517 | +11.9% |
| Other operating charges | 640/8 | €2,827 | €4,433 | +€1,606 | +56.8% |
| Gross operating margin | 9900 | €330,349 | €302,651 | -€27,698 | -8.4% |
| Operating profit (loss) | 9901 | €298,036 | €265,215 | -€32,821 | -11.0% |
| Financial charges | 65/66B | €53,907 | €67,988 | +€14,081 | +26.1% |
| Recurring financial charges | 65 | €53,907 | €67,988 | +€14,081 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €244,129 | €197,227 | -€46,902 | -19.2% |
| Income taxes | 67/77 | €82,462 | €66,572 | -€15,890 | -19.3% |
| Profit (loss) for the period | 9904 | €161,667 | €130,655 | -€31,012 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €161,667 | €130,655 | -€31,012 | -19.2% |
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.