EMMERY: 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.
EMMERY
Largest movements
- Cash -€14,351
down €14,351 (-26.0%), from €55,114 to €40,763
mainly Net result for the year (-€20,950) and Receivables within one year (-€4,433)
- Stocks and contracts -€9,196
down €9,196 (-19.7%), from €46,761 to €37,565
- Receivables within one year +€4,433
up €4,433 (+37.4%), from €11,844 to €16,276
of which Trade receivables: +€3,935
- Tangible fixed assets -€3,509
down €3,509 (-45.5%), from €7,716 to €4,207
of which Other tangible fixed assets: -€2,633
- Profit (loss) carried forward -€20,950
down €20,950 (-32.9%), from €63,705 to €42,755
- Tax, wage and social debts -€3,211
down €3,211 (-57.7%), from €5,568 to €2,356
of which Taxes: -€3,221
- Trade debts +€3,013
up €3,013 (+54.2%), from €5,563 to €8,576
- Other debts -€1,742
no longer reported in 2025 (was €1,742)
- Gross operating margin -€10,884
down €10,884, from €7,183 to -€3,700
- Financial income -€3,372
down €3,372 (-56.2%), from €6,004 to €2,632
of which Non-recurring financial income: -€4,212
- Other operating charges +€613
up €613 (+104.6%), from €585 to €1,198
- Depreciation -€547
down €547 (-15.8%), from €3,473 to €2,925
- Financial charges -€272
down €272 (-24.1%), from €1,126 to €854
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 | €121,853 | €98,963 | -€22,890 | -18.8% |
| Fixed assets | 21/28 | €7,805 | €4,358 | -€3,447 | -44.2% |
| Tangible fixed assets | 22/27 | €7,716 | €4,207 | -€3,509 | -45.5% |
| Plant, machinery and equipment | 23 | €292 | - | -€292 | |
| Furniture and vehicles | 24 | €583 | - | -€583 | |
| Other tangible fixed assets | 26 | €6,840 | €4,207 | -€2,633 | -38.5% |
| Financial fixed assets | 28 | €90 | €151 | +€62 | +68.5% |
| Current assets | 29/58 | €114,048 | €94,605 | -€19,443 | -17.0% |
| Stocks and contracts in progress | 3 | €46,761 | €37,565 | -€9,196 | -19.7% |
| Stocks | 30/36 | €46,761 | €37,565 | -€9,196 | -19.7% |
| Amounts receivable within one year | 40/41 | €11,844 | €16,276 | +€4,433 | +37.4% |
| Trade receivables | 40 | €9,844 | €13,779 | +€3,935 | +40.0% |
| Other amounts receivable | 41 | €2,000 | €2,498 | +€498 | +24.9% |
| Cash at bank and in hand | 54/58 | €55,114 | €40,763 | -€14,351 | -26.0% |
| Deferred charges and accrued income | 490/1 | €328 | - | -€328 | |
| Total equity and liabilities | 10/49 | €121,853 | €98,963 | -€22,890 | -18.8% |
| Equity | 10/15 | €108,980 | €88,030 | -€20,950 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €26,675 | €26,675 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €15,815 | €17,675 | +€1,860 | +11.8% |
| Profit (loss) carried forward | 14 | €63,705 | €42,755 | -€20,950 | -32.9% |
| Amounts payable | 17/49 | €12,873 | €10,933 | -€1,940 | -15.1% |
| Amounts payable within one year | 42/48 | €12,873 | €10,933 | -€1,940 | -15.1% |
| Trade debts | 44 | €5,563 | €8,576 | +€3,013 | +54.2% |
| Suppliers | 440/4 | €5,563 | €8,576 | +€3,013 | +54.2% |
| Taxes, remuneration and social security | 45 | €5,568 | €2,356 | -€3,211 | -57.7% |
| Taxes | 450/3 | €3,990 | €769 | -€3,221 | -80.7% |
| Remuneration and social security | 454/9 | €1,578 | €1,587 | +€9 | +0.6% |
| Other amounts payable | 47/48 | €1,742 | - | -€1,742 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €2,925 | -€547 | -15.8% |
| Other operating charges | 640/8 | €585 | €1,198 | +€613 | +104.6% |
| Non-recurring operating charges | 66A | - | €14,904 | +€14,904 | |
| Gross operating margin | 9900 | €7,183 | -€3,700 | -€10,884 | |
| Operating profit (loss) | 9901 | €3,125 | -€22,728 | -€25,853 | |
| Financial income | 75/76B | €6,004 | €2,632 | -€3,372 | -56.2% |
| Recurring financial income | 75 | €1,791 | €2,632 | +€841 | +46.9% |
| Non-recurring financial income | 76B | €4,212 | - | -€4,212 | |
| Financial charges | 65/66B | €1,126 | €854 | -€272 | -24.1% |
| Recurring financial charges | 65 | €1,126 | €854 | -€272 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €8,002 | -€20,950 | -€28,953 | |
| Profit (loss) for the period | 9904 | €8,002 | -€20,950 | -€28,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,002 | -€20,950 | -€28,953 |
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.