EMMIVER: 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.
EMMIVER
Largest movements
- Receivables within one year +€302,515
up €302,515 (+497%), from €60,892 to €363,407
of which Other amounts receivable: +€261,678
- Tangible fixed assets +€175,559
up €175,559 (+433%), from €40,500 to €216,059
- Intangible fixed assets -€59,043
down €59,043 (-100%), from €59,043 to €0
- Cash +€22,895
up €22,895 (+77.2%), from €29,651 to €52,546
mainly Net result for the year (+€230,998) and Contributions, distributions and other (+€185,710)
- Reserves +€316,490
up €316,490 (+238%), from €132,843 to €449,333
of which Distributable reserves: +€316,490
- Contributions +€96,867
up €96,867 (+517%), from €18,750 to €115,617
- Tax, wage and social debts +€21,911
up €21,911 (+221%), from €9,927 to €31,838
- Current portion of long-term debt -€8,332
down €8,332 (-83.3%), from €10,000 to €1,668
- Other debts +€7,676
up €7,676 (+86.3%), from €8,890 to €16,566
- Financial income +€202,386
up €202,386 (+15,497%), from €1,306 to €203,692
of which Non-recurring financial income: +€202,407
- Taxes +€23,043
up €23,043 (+121%), from €19,088 to €42,131
- Gross operating margin +€6,809
up €6,809 (+8.8%), from €76,961 to €83,770
- Depreciation +€3,401
up €3,401 (+50.4%), from €6,750 to €10,151
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 | €231,077 | €667,246 | +€436,169 | +189% |
| Fixed assets | 21/28 | €100,093 | €216,059 | +€115,966 | +116% |
| Intangible fixed assets | 21 | €59,043 | €0 | -€59,043 | -100% |
| Tangible fixed assets | 22/27 | €40,500 | €216,059 | +€175,559 | +433% |
| Land and buildings | 22 | €40,500 | €216,059 | +€175,559 | +433% |
| Financial fixed assets | 28 | €550 | €0 | -€550 | -100% |
| Current assets | 29/58 | €130,984 | €451,187 | +€320,203 | +244% |
| Amounts receivable after more than one year | 29 | €40,441 | €35,234 | -€5,207 | -12.9% |
| Other amounts receivable | 291 | €40,441 | €35,234 | -€5,207 | -12.9% |
| Amounts receivable within one year | 40/41 | €60,892 | €363,407 | +€302,515 | +497% |
| Trade receivables | 40 | €54,450 | €95,287 | +€40,837 | +75.0% |
| Other amounts receivable | 41 | €6,442 | €268,120 | +€261,678 | +4,062% |
| Cash at bank and in hand | 54/58 | €29,651 | €52,546 | +€22,895 | +77.2% |
| Total equity and liabilities | 10/49 | €231,077 | €667,246 | +€436,169 | +189% |
| Equity | 10/15 | €200,466 | €617,174 | +€416,708 | +208% |
| Contributions | 10/11 | €18,750 | €115,617 | +€96,867 | +517% |
| Reserves | 13 | €132,843 | €449,333 | +€316,490 | +238% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €130,968 | €447,458 | +€316,490 | +242% |
| Profit (loss) carried forward | 14 | €48,873 | €52,224 | +€3,351 | +6.9% |
| Amounts payable | 17/49 | €30,611 | €50,072 | +€19,461 | +63.6% |
| Amounts payable after more than one year | 17 | €1,668 | - | -€1,668 | |
| Financial debts | 170/4 | €1,668 | - | -€1,668 | |
| Amounts payable within one year | 42/48 | €28,943 | €50,072 | +€21,129 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €1,668 | -€8,332 | -83.3% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €9,927 | €31,838 | +€21,911 | +221% |
| Taxes | 450/3 | €9,927 | €31,838 | +€21,911 | +221% |
| Other amounts payable | 47/48 | €8,890 | €16,566 | +€7,676 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €10,151 | +€3,401 | +50.4% |
| Other operating charges | 640/8 | €4,448 | €3,902 | -€546 | -12.3% |
| Gross operating margin | 9900 | €76,961 | €83,770 | +€6,809 | +8.8% |
| Operating profit (loss) | 9901 | €65,763 | €69,717 | +€3,954 | +6.0% |
| Financial income | 75/76B | €1,306 | €203,692 | +€202,386 | +15,497% |
| Recurring financial income | 75 | €1,306 | €1,285 | -€21 | -1.6% |
| Non-recurring financial income | 76B | - | €202,407 | +€202,407 | |
| Financial charges | 65/66B | €487 | €280 | -€207 | -42.5% |
| Recurring financial charges | 65 | €487 | €280 | -€207 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €66,582 | €273,129 | +€206,547 | +310% |
| Income taxes | 67/77 | €19,088 | €42,131 | +€23,043 | +121% |
| Profit (loss) for the period | 9904 | €47,494 | €230,998 | +€183,504 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €47,494 | €230,998 | +€183,504 | +386% |
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 20 October 2026 via checked.be.