EMMERECHTS: 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.
EMMERECHTS
Largest movements
- Cash +€271,302
up €271,302 (+400.6%), from €67,720 to €339,022
mainly Depreciation (+€273,148) and Receivables within one year (+€123,600)
- Tangible fixed assets -€208,988
down €208,988 (-11.2%), from €1.9m to €1.7m
of which Leasing and similar rights: -€238,114
- Receivables within one year -€123,600
down €123,600 (-18.3%), from €675,708 to €552,108
of which Trade receivables: -€154,487
- Debts after one year -€118,849
down €118,849 (-49.5%), from €239,931 to €121,081
- Trade debts +€105,946
up €105,946 (+22.0%), from €480,744 to €586,690
- Current portion of long-term debt -€78,658
down €78,658 (-36.6%), from €214,647 to €135,989
- Profit (loss) carried forward +€34,830
up €34,830 (+10.2%), from €340,932 to €375,762
- Gross operating margin +€31,218
up €31,218 (+4.4%), from €712,380 to €743,598
- Depreciation -€19,716
down €19,716 (-6.7%), from €292,864 to €273,148
- Other operating charges +€12,685
up €12,685 (+22.8%), from €55,713 to €68,398
- Taxes +€10,174
up €10,174 (+535.3%), from €1,901 to €12,075
- Financial income +€8,867
up €8,867 (+261.0%), from €3,397 to €12,265
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 | €2,635,193 | €2,570,871 | -€64,322 | -2.4% |
| Fixed assets | 21/28 | €1,872,206 | €1,663,218 | -€208,988 | -11.2% |
| Tangible fixed assets | 22/27 | €1,871,508 | €1,662,520 | -€208,988 | -11.2% |
| Plant, machinery and equipment | 23 | €35,872 | €26,105 | -€9,766 | -27.2% |
| Furniture and vehicles | 24 | €45,841 | €89,811 | +€43,970 | +95.9% |
| Leasing and similar rights | 25 | €428,684 | €190,570 | -€238,114 | -55.5% |
| Other tangible fixed assets | 26 | €1,361,111 | €1,356,033 | -€5,078 | -0.4% |
| Financial fixed assets | 28 | €698 | €698 | = | 0.0% |
| Current assets | 29/58 | €762,988 | €907,653 | +€144,666 | +19.0% |
| Amounts receivable within one year | 40/41 | €675,708 | €552,108 | -€123,600 | -18.3% |
| Trade receivables | 40 | €653,825 | €499,338 | -€154,487 | -23.6% |
| Other amounts receivable | 41 | €21,883 | €52,770 | +€30,887 | +141.1% |
| Cash at bank and in hand | 54/58 | €67,720 | €339,022 | +€271,302 | +400.6% |
| Deferred charges and accrued income | 490/1 | €19,559 | €16,523 | -€3,036 | -15.5% |
| Total equity and liabilities | 10/49 | €2,635,193 | €2,570,871 | -€64,322 | -2.4% |
| Equity | 10/15 | €852,207 | €884,568 | +€32,361 | +3.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €504,975 | €502,506 | -€2,469 | -0.5% |
| Tax-exempt reserves | 132 | €39,969 | €37,500 | -€2,469 | -6.2% |
| Distributable reserves | 133 | €465,006 | €465,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €340,932 | €375,762 | +€34,830 | +10.2% |
| Provisions and deferred taxes | 16 | €617 | - | -€617 | |
| Deferred taxes | 168 | €617 | - | -€617 | |
| Amounts payable | 17/49 | €1,782,369 | €1,686,303 | -€96,066 | -5.4% |
| Amounts payable after more than one year | 17 | €239,931 | €121,081 | -€118,849 | -49.5% |
| Financial debts | 170/4 | €239,931 | €121,081 | -€118,849 | -49.5% |
| Amounts payable within one year | 42/48 | €720,571 | €756,782 | +€36,211 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €214,647 | €135,989 | -€78,658 | -36.6% |
| Financial debts | 43 | €1,291 | €1,290 | -€1 | -0.1% |
| Credit institutions | 430/8 | €1,291 | €1,290 | -€1 | -0.1% |
| Trade debts | 44 | €480,744 | €586,690 | +€105,946 | +22.0% |
| Suppliers | 440/4 | €480,744 | €586,690 | +€105,946 | +22.0% |
| Taxes, remuneration and social security | 45 | €16,275 | €21,339 | +€5,064 | +31.1% |
| Taxes | 450/3 | €3,530 | €3,978 | +€448 | +12.7% |
| Remuneration and social security | 454/9 | €12,745 | €17,361 | +€4,616 | +36.2% |
| Other amounts payable | 47/48 | €7,613 | €11,475 | +€3,861 | +50.7% |
| Accrued charges and deferred income | 492/3 | €821,867 | €808,439 | -€13,428 | -1.6% |
| Non-recurring operating income | 76A | €65,733 | €58,111 | -€7,622 | -11.6% |
| Remuneration, social security and pensions | 62 | €333,893 | €339,085 | +€5,192 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,864 | €273,148 | -€19,716 | -6.7% |
| Other operating charges | 640/8 | €55,713 | €68,398 | +€12,685 | +22.8% |
| Gross operating margin | 9900 | €712,380 | €743,598 | +€31,218 | +4.4% |
| Operating profit (loss) | 9901 | €29,910 | €62,968 | +€33,058 | +110.5% |
| Financial income | 75/76B | €3,397 | €12,265 | +€8,867 | +261.0% |
| Recurring financial income | 75 | €3,397 | €12,265 | +€8,867 | +261.0% |
| Financial charges | 65/66B | €22,617 | €31,414 | +€8,797 | +38.9% |
| Recurring financial charges | 65 | €22,617 | €31,414 | +€8,797 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €10,690 | €43,819 | +€33,128 | +309.9% |
| Transfer from deferred taxes | 780 | €800 | €617 | -€183 | -22.8% |
| Income taxes | 67/77 | €1,901 | €12,075 | +€10,174 | +535.3% |
| Profit (loss) for the period | 9904 | €9,590 | €32,361 | +€22,771 | +237.5% |
| Transfer from tax-exempt reserves | 789 | €3,200 | €2,469 | -€731 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,790 | €34,830 | +€22,041 | +172.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.