EMMERA: 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.
EMMERA
Largest movements
- Receivables within one year -€44,978
down €44,978 (-76.5%), from €58,773 to €13,795
of which Trade receivables: -€41,835
- Cash -€11,977
down €11,977 (-55.9%), from €21,422 to €9,445
mainly Debts after one year (-€25,256) and Net result for the year (-€13,859)
- Tangible fixed assets -€9,736
down €9,736 (-5.4%), from €180,882 to €171,145
of which Land and buildings: -€11,308
- Debts after one year -€25,256
down €25,256 (-35.3%), from €71,457 to €46,201
- Profit (loss) carried forward -€13,859
down €13,859 (-12.1%), from €114,459 to €100,600
- Trade debts -€13,063
down €13,063 (-79.7%), from €16,389 to €3,326
- Tax, wage and social debts -€9,363
no longer reported in 2025 (was €9,363)
of which Taxes: -€8,759
- Other debts -€7,674
down €7,674 (-99.6%), from €7,707 to €33
- Gross operating margin -€57,795
down €57,795 (-82.5%), from €70,069 to €12,274
- Taxes -€18,387
down €18,387 (-97.7%), from €18,815 to €428
- Financial charges +€13,797
up €13,797 (+209.8%), from €6,577 to €20,374
of which Non-recurring financial charges: +€16,156
- Financial income +€7,267
up €7,267 (+629.8%), from €1,154 to €8,421
of which Non-recurring financial income: +€5,067
- Depreciation -€6,615
down €6,615 (-35.1%), from €18,870 to €12,255
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 | €263,690 | €195,472 | -€68,218 | -25.9% |
| Fixed assets | 21/28 | €181,031 | €171,295 | -€9,736 | -5.4% |
| Tangible fixed assets | 22/27 | €180,882 | €171,145 | -€9,736 | -5.4% |
| Land and buildings | 22 | €179,026 | €167,718 | -€11,308 | -6.3% |
| Plant, machinery and equipment | 23 | €625 | €2,543 | +€1,918 | +307.1% |
| Furniture and vehicles | 24 | €1,231 | €884 | -€347 | -28.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €82,659 | €24,177 | -€58,482 | -70.8% |
| Amounts receivable within one year | 40/41 | €58,773 | €13,795 | -€44,978 | -76.5% |
| Trade receivables | 40 | €42,942 | €1,106 | -€41,835 | -97.4% |
| Other amounts receivable | 41 | €15,831 | €12,688 | -€3,143 | -19.9% |
| Cash at bank and in hand | 54/58 | €21,422 | €9,445 | -€11,977 | -55.9% |
| Deferred charges and accrued income | 490/1 | €2,464 | €937 | -€1,527 | -62.0% |
| Total equity and liabilities | 10/49 | €263,690 | €195,472 | -€68,218 | -25.9% |
| Equity | 10/15 | €134,919 | €121,060 | -€13,859 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,459 | €100,600 | -€13,859 | -12.1% |
| Amounts payable | 17/49 | €128,772 | €74,412 | -€54,360 | -42.2% |
| Amounts payable after more than one year | 17 | €71,457 | €46,201 | -€25,256 | -35.3% |
| Financial debts | 170/4 | €71,457 | €46,201 | -€25,256 | -35.3% |
| Amounts payable within one year | 42/48 | €57,315 | €28,211 | -€29,104 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €1,627 | €1,627 | +€0 | 0.0% |
| Financial debts | 43 | €22,228 | €23,225 | +€997 | +4.5% |
| Credit institutions | 430/8 | €22,228 | €23,225 | +€997 | +4.5% |
| Trade debts | 44 | €16,389 | €3,326 | -€13,063 | -79.7% |
| Suppliers | 440/4 | €16,389 | €3,326 | -€13,063 | -79.7% |
| Taxes, remuneration and social security | 45 | €9,363 | - | -€9,363 | |
| Taxes | 450/3 | €8,759 | - | -€8,759 | |
| Remuneration and social security | 454/9 | €604 | - | -€604 | |
| Other amounts payable | 47/48 | €7,707 | €33 | -€7,674 | -99.6% |
| Remuneration, social security and pensions | 62 | €1,680 | - | -€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,870 | €12,255 | -€6,615 | -35.1% |
| Other operating charges | 640/8 | €4,445 | €1,495 | -€2,950 | -66.4% |
| Gross operating margin | 9900 | €70,069 | €12,274 | -€57,795 | -82.5% |
| Operating profit (loss) | 9901 | €45,072 | -€1,477 | -€46,549 | |
| Financial income | 75/76B | €1,154 | €8,421 | +€7,267 | +629.8% |
| Recurring financial income | 75 | €0 | €2,200 | +€2,200 | +3666183.3% |
| Non-recurring financial income | 76B | €1,154 | €6,221 | +€5,067 | +439.2% |
| Financial charges | 65/66B | €6,577 | €20,374 | +€13,797 | +209.8% |
| Recurring financial charges | 65 | €6,577 | €4,218 | -€2,359 | -35.9% |
| Non-recurring financial charges | 66B | - | €16,156 | +€16,156 | |
| Profit (loss) for the period before taxes | 9903 | €39,650 | -€13,430 | -€53,080 | |
| Income taxes | 67/77 | €18,815 | €428 | -€18,387 | -97.7% |
| Profit (loss) for the period | 9904 | €20,834 | -€13,859 | -€34,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,834 | -€13,859 | -€34,693 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.