EMNS: 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.
EMNS
Largest movements
- Tangible fixed assets -€16,581
down €16,581 (-66.7%), from €24,855 to €8,274
- Cash +€12,284
up €12,284 (+6.5%), from €189,311 to €201,595
mainly Other debts (+€24,626) and Net result for the year (+€17,451)
- Receivables within one year -€8,154
down €8,154 (-42.6%), from €19,132 to €10,978
of which Trade receivables: -€8,122
- Reserves -€31,292
down €31,292 (-24.2%), from €129,407 to €98,115
- Other debts +€24,626
up €24,626 (+31.6%), from €78,012 to €102,638
- Tax, wage and social debts -€4,750
down €4,750 (-49.8%), from €9,531 to €4,781
- Gross operating margin +€4,050
up €4,050 (+9.6%), from €42,024 to €46,074
- Financial charges -€1,738
down €1,738 (-31.1%), from €5,581 to €3,844
- Taxes +€1,675
up €1,675 (+29.1%), from €5,754 to €7,429
- Depreciation +€1,155
up €1,155 (+7.5%), from €15,427 to €16,581
- Other operating charges -€654
down €654 (-46.0%), from €1,423 to €769
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 | €236,623 | €224,416 | -€12,207 | -5.2% |
| Fixed assets | 21/28 | €24,855 | €8,274 | -€16,581 | -66.7% |
| Tangible fixed assets | 22/27 | €24,855 | €8,274 | -€16,581 | -66.7% |
| Furniture and vehicles | 24 | €24,855 | €8,274 | -€16,581 | -66.7% |
| Current assets | 29/58 | €211,768 | €216,142 | +€4,374 | +2.1% |
| Amounts receivable within one year | 40/41 | €19,132 | €10,978 | -€8,154 | -42.6% |
| Trade receivables | 40 | €19,101 | €10,978 | -€8,122 | -42.5% |
| Other amounts receivable | 41 | €31 | - | -€31 | |
| Current investments | 50/53 | €585 | €540 | -€45 | -7.7% |
| Cash at bank and in hand | 54/58 | €189,311 | €201,595 | +€12,284 | +6.5% |
| Deferred charges and accrued income | 490/1 | €2,740 | €3,029 | +€289 | +10.5% |
| Total equity and liabilities | 10/49 | €236,623 | €224,416 | -€12,207 | -5.2% |
| Equity | 10/15 | €141,807 | €110,515 | -€31,292 | -22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,407 | €98,115 | -€31,292 | -24.2% |
| Distributable reserves | 133 | €129,407 | €98,115 | -€31,292 | -24.2% |
| Amounts payable | 17/49 | €94,816 | €113,901 | +€19,086 | +20.1% |
| Amounts payable within one year | 42/48 | €91,464 | €111,292 | +€19,828 | +21.7% |
| Trade debts | 44 | €3,921 | €3,873 | -€48 | -1.2% |
| Suppliers | 440/4 | €3,921 | €3,873 | -€48 | -1.2% |
| Taxes, remuneration and social security | 45 | €9,531 | €4,781 | -€4,750 | -49.8% |
| Taxes | 450/3 | €9,531 | €4,781 | -€4,750 | -49.8% |
| Other amounts payable | 47/48 | €78,012 | €102,638 | +€24,626 | +31.6% |
| Accrued charges and deferred income | 492/3 | €3,352 | €2,610 | -€742 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,427 | €16,581 | +€1,155 | +7.5% |
| Other operating charges | 640/8 | €1,423 | €769 | -€654 | -46.0% |
| Gross operating margin | 9900 | €42,024 | €46,074 | +€4,050 | +9.6% |
| Operating profit (loss) | 9901 | €25,174 | €28,724 | +€3,550 | +14.1% |
| Financial charges | 65/66B | €5,581 | €3,844 | -€1,738 | -31.1% |
| Recurring financial charges | 65 | €5,581 | €3,844 | -€1,738 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €19,593 | €24,880 | +€5,287 | +27.0% |
| Income taxes | 67/77 | €5,754 | €7,429 | +€1,675 | +29.1% |
| Profit (loss) for the period | 9904 | €13,839 | €17,451 | +€3,612 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,839 | €17,451 | +€3,612 | +26.1% |
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 26 October 2026 via checked.be.