emmes: 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.
emmes
Largest movements
- Cash +€104,618
up €104,618 (+551.9%), from €18,955 to €123,573
mainly Receivables after one year (+€100,000) and Net result for the year (+€14,292)
- Receivables after one year -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Tangible fixed assets -€13,283
down €13,283 (-36.7%), from €36,237 to €22,954
- Receivables within one year +€11,423
up €11,423 (+524.7%), from €2,177 to €13,600
of which Trade receivables: +€13,600
- Stocks and contracts -€5,500
down €5,500 (-18.0%), from €30,500 to €25,000
- Reserves +€14,292
up €14,292 (+26.4%), from €54,161 to €68,453
- Debts after one year -€12,304
no longer reported in 2025 (was €12,304)
- Current portion of long-term debt -€8,344
down €8,344 (-37.3%), from €22,392 to €14,048
- Tax, wage and social debts +€8,326
up €8,326 (+190.8%), from €4,363 to €12,689
- Other debts -€6,369
down €6,369 (-8.0%), from €79,642 to €73,273
- Gross operating margin +€16,089
up €16,089 (+61.3%), from €26,247 to €42,336
- Taxes +€7,662
up €7,662 (+611.7%), from €1,253 to €8,915
- Depreciation -€5,240
down €5,240 (-27.8%), from €18,877 to €13,637
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 | €292,302 | €288,511 | -€3,791 | -1.3% |
| Fixed assets | 21/28 | €36,237 | €22,954 | -€13,283 | -36.7% |
| Tangible fixed assets | 22/27 | €36,237 | €22,954 | -€13,283 | -36.7% |
| Plant, machinery and equipment | 23 | €11,362 | €7,036 | -€4,326 | -38.1% |
| Furniture and vehicles | 24 | €12,618 | €9,359 | -€3,259 | -25.8% |
| Other tangible fixed assets | 26 | €12,257 | €6,559 | -€5,698 | -46.5% |
| Current assets | 29/58 | €256,065 | €265,557 | +€9,491 | +3.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other amounts receivable | 291 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Stocks and contracts in progress | 3 | €30,500 | €25,000 | -€5,500 | -18.0% |
| Stocks | 30/36 | €30,500 | €25,000 | -€5,500 | -18.0% |
| Amounts receivable within one year | 40/41 | €2,177 | €13,600 | +€11,423 | +524.7% |
| Trade receivables | 40 | - | €13,600 | +€13,600 | |
| Other amounts receivable | 41 | €2,177 | - | -€2,177 | |
| Cash at bank and in hand | 54/58 | €18,955 | €123,573 | +€104,618 | +551.9% |
| Deferred charges and accrued income | 490/1 | €4,433 | €3,384 | -€1,049 | -23.7% |
| Total equity and liabilities | 10/49 | €292,302 | €288,511 | -€3,791 | -1.3% |
| Equity | 10/15 | €72,845 | €87,137 | +€14,292 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,161 | €68,453 | +€14,292 | +26.4% |
| Distributable reserves | 133 | €54,161 | €68,453 | +€14,292 | +26.4% |
| Profit (loss) carried forward | 14 | €84 | €84 | = | 0.0% |
| Amounts payable | 17/49 | €219,458 | €201,374 | -€18,083 | -8.2% |
| Amounts payable after more than one year | 17 | €12,304 | - | -€12,304 | |
| Financial debts | 170/4 | €12,304 | - | -€12,304 | |
| Amounts payable within one year | 42/48 | €207,153 | €201,026 | -€6,127 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €22,392 | €14,048 | -€8,344 | -37.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €756 | €1,017 | +€261 | +34.5% |
| Suppliers | 440/4 | €756 | €1,017 | +€261 | +34.5% |
| Taxes, remuneration and social security | 45 | €4,363 | €12,689 | +€8,326 | +190.8% |
| Taxes | 450/3 | €4,363 | €12,689 | +€8,326 | +190.8% |
| Other amounts payable | 47/48 | €79,642 | €73,273 | -€6,369 | -8.0% |
| Accrued charges and deferred income | 492/3 | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,877 | €13,637 | -€5,240 | -27.8% |
| Other operating charges | 640/8 | €668 | €585 | -€83 | -12.4% |
| Gross operating margin | 9900 | €26,247 | €42,336 | +€16,089 | +61.3% |
| Operating profit (loss) | 9901 | €6,701 | €28,113 | +€21,412 | +319.5% |
| Financial income | 75/76B | €1,002 | €1,295 | +€293 | +29.2% |
| Recurring financial income | 75 | €1,002 | €1,295 | +€293 | +29.2% |
| Financial charges | 65/66B | €6,197 | €6,201 | +€4 | +0.1% |
| Recurring financial charges | 65 | €6,197 | €6,201 | +€4 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €1,506 | €23,207 | +€21,700 | +1440.6% |
| Income taxes | 67/77 | €1,253 | €8,915 | +€7,662 | +611.7% |
| Profit (loss) for the period | 9904 | €254 | €14,292 | +€14,038 | +5532.3% |
| Profit (loss) for the period to be appropriated | 9905 | €254 | €14,292 | +€14,038 | +5532.3% |
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 30 September 2026 via checked.be.