EMMUYA: 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.
EMMUYA
Largest movements
- Tangible fixed assets +€40,437
up €40,437 (+308%), from €13,120 to €53,557
of which Furniture and vehicles: +€32,739
- Cash -€9,363
down €9,363 (-40.5%), from €23,120 to €13,757
mainly Investment in fixed assets (net) (-€45,835) and Receivables within one year (-€8,206)
- Receivables within one year +€8,206
up €8,206 (+148%), from €5,559 to €13,765
of which Other amounts receivable: +€6,486
- Deferred charges and accrued income +€1,443
new in 2025: €1,443
- Debts after one year +€23,624
new in 2025: €23,624
- Reserves +€9,500
up €9,500 (+41.3%), from €23,000 to €32,500
- Current portion of long-term debt +€5,629
new in 2025: €5,629
- Accrued charges and deferred income +€1,221
up €1,221 (+1,859%), from €66 to €1,287
- Other debts -€961
no longer reported in 2025 (was €961)
- Depreciation +€3,993
up €3,993 (+284%), from €1,405 to €5,397
- Gross operating margin +€1,358
up €1,358 (+6.2%), from €21,991 to €23,349
- Other operating charges +€1,220
up €1,220 (+1,934%), from €63 to €1,283
- Taxes -€401
down €401 (-6.0%), from €6,663 to €6,262
- Financial charges +€278
up €278 (+203%), from €137 to €414
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 | €41,799 | €82,523 | +€40,724 | +97.4% |
| Fixed assets | 21/28 | €13,120 | €53,557 | +€40,437 | +308% |
| Tangible fixed assets | 22/27 | €13,120 | €53,557 | +€40,437 | +308% |
| Furniture and vehicles | 24 | €11,588 | €44,328 | +€32,739 | +283% |
| Other tangible fixed assets | 26 | €1,532 | €9,229 | +€7,698 | +503% |
| Current assets | 29/58 | €28,679 | €28,966 | +€287 | +1.0% |
| Amounts receivable within one year | 40/41 | €5,559 | €13,765 | +€8,206 | +148% |
| Trade receivables | 40 | €5,559 | €7,280 | +€1,721 | +31.0% |
| Other amounts receivable | 41 | - | €6,486 | +€6,486 | |
| Cash at bank and in hand | 54/58 | €23,120 | €13,757 | -€9,363 | -40.5% |
| Deferred charges and accrued income | 490/1 | - | €1,443 | +€1,443 | |
| Total equity and liabilities | 10/49 | €41,799 | €82,523 | +€40,724 | +97.4% |
| Equity | 10/15 | €26,102 | €36,094 | +€9,992 | +38.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €32,500 | +€9,500 | +41.3% |
| Distributable reserves | 133 | €23,000 | €32,500 | +€9,500 | +41.3% |
| Profit (loss) carried forward | 14 | €102 | €594 | +€492 | +483% |
| Amounts payable | 17/49 | €15,697 | €46,429 | +€30,732 | +196% |
| Amounts payable after more than one year | 17 | - | €23,624 | +€23,624 | |
| Financial debts | 170/4 | - | €23,624 | +€23,624 | |
| Amounts payable within one year | 42/48 | €15,631 | €21,518 | +€5,887 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,629 | +€5,629 | |
| Financial debts | 43 | - | €495 | +€495 | |
| Credit institutions | 430/8 | - | €495 | +€495 | |
| Trade debts | 44 | €1,812 | €2,468 | +€656 | +36.2% |
| Suppliers | 440/4 | €1,812 | €2,468 | +€656 | +36.2% |
| Taxes, remuneration and social security | 45 | €12,858 | €12,925 | +€67 | +0.5% |
| Taxes | 450/3 | €12,858 | €12,925 | +€67 | +0.5% |
| Other amounts payable | 47/48 | €961 | - | -€961 | |
| Accrued charges and deferred income | 492/3 | €66 | €1,287 | +€1,221 | +1,859% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405 | €5,397 | +€3,993 | +284% |
| Other operating charges | 640/8 | €63 | €1,283 | +€1,220 | +1,934% |
| Gross operating margin | 9900 | €21,991 | €23,349 | +€1,358 | +6.2% |
| Operating profit (loss) | 9901 | €20,523 | €16,668 | -€3,855 | -18.8% |
| Financial charges | 65/66B | €137 | €414 | +€278 | +203% |
| Recurring financial charges | 65 | €137 | €414 | +€278 | +203% |
| Profit (loss) for the period before taxes | 9903 | €20,386 | €16,254 | -€4,133 | -20.3% |
| Income taxes | 67/77 | €6,663 | €6,262 | -€401 | -6.0% |
| Profit (loss) for the period | 9904 | €13,723 | €9,992 | -€3,731 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,723 | €9,992 | -€3,731 | -27.2% |
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 27 October 2026 via checked.be.