EMOLIERE: 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.
EMOLIERE
Largest movements
- Receivables within one year +€24,258
up €24,258 (+29.8%), from €81,475 to €105,733
- Cash -€20,508
down €20,508 (-89.5%), from €22,912 to €2,404
mainly Net result for the year (-€75,232) and Investment in fixed assets (net) (-€33,164)
- Tangible fixed assets -€12,969
down €12,969 (-3.2%), from €399,858 to €386,890
of which Land and buildings: -€9,881
- Debts after one year +€103,442
up €103,442 (+52.9%), from €195,563 to €299,005
of which Financial debts: +€103,442
- Profit (loss) carried forward -€75,231
down €75,231, from €16,132 to -€59,099
- Other debts -€30,000
down €30,000 (-47.7%), from €62,901 to €32,901
- Gross operating margin -€105,041
down €105,041, from €88,601 to -€16,440
- Taxes -€6,325
no longer reported in 2025 (was €6,325)
- Other operating charges -€5,313
down €5,313 (-29.2%), from €18,175 to €12,861
- Financial income +€4,777
new in 2025: €4,777
- Financial charges +€1,700
up €1,700 (+25.9%), from €6,574 to €8,275
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 | €506,188 | €500,670 | -€5,518 | -1.1% |
| Fixed assets | 21/28 | €401,802 | €392,533 | -€9,269 | -2.3% |
| Tangible fixed assets | 22/27 | €399,858 | €386,890 | -€12,969 | -3.2% |
| Land and buildings | 22 | €377,004 | €367,123 | -€9,881 | -2.6% |
| Plant, machinery and equipment | 23 | €13,578 | €11,502 | -€2,077 | -15.3% |
| Furniture and vehicles | 24 | €2,687 | €5,959 | +€3,273 | +121.8% |
| Other tangible fixed assets | 26 | €6,589 | €2,306 | -€4,283 | -65.0% |
| Financial fixed assets | 28 | €1,943 | €5,643 | +€3,700 | +190.4% |
| Current assets | 29/58 | €104,386 | €108,137 | +€3,751 | +3.6% |
| Amounts receivable within one year | 40/41 | €81,475 | €105,733 | +€24,258 | +29.8% |
| Other amounts receivable | 41 | €81,475 | €105,733 | +€24,258 | +29.8% |
| Cash at bank and in hand | 54/58 | €22,912 | €2,404 | -€20,508 | -89.5% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €506,188 | €500,670 | -€5,518 | -1.1% |
| Equity | 10/15 | €139,882 | €64,651 | -€75,231 | -53.8% |
| Contributions | 10/11 | €112,500 | €112,500 | = | 0.0% |
| Capital | 10 | €112,500 | €112,500 | = | 0.0% |
| Issued capital | 100 | €112,500 | €112,500 | = | 0.0% |
| Reserves | 13 | €11,250 | €11,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,250 | €11,250 | = | 0.0% |
| Legal reserve | 130 | €11,250 | €11,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,132 | -€59,099 | -€75,231 | |
| Amounts payable | 17/49 | €366,305 | €436,019 | +€69,713 | +19.0% |
| Amounts payable after more than one year | 17 | €195,563 | €299,005 | +€103,442 | +52.9% |
| Financial debts | 170/4 | €190,213 | €293,655 | +€103,442 | +54.4% |
| Other amounts payable | 178/9 | €5,350 | €5,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €170,742 | €137,014 | -€33,729 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €36,284 | €37,078 | +€794 | +2.2% |
| Trade debts | 44 | €63,823 | €59,301 | -€4,522 | -7.1% |
| Suppliers | 440/4 | €63,823 | €59,301 | -€4,522 | -7.1% |
| Taxes, remuneration and social security | 45 | €7,735 | €7,735 | = | 0.0% |
| Taxes | 450/3 | €7,735 | €7,735 | = | 0.0% |
| Other amounts payable | 47/48 | €62,901 | €32,901 | -€30,000 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,409 | €42,432 | +€23 | +0.1% |
| Other operating charges | 640/8 | €18,175 | €12,861 | -€5,313 | -29.2% |
| Gross operating margin | 9900 | €88,601 | -€16,440 | -€105,041 | |
| Operating profit (loss) | 9901 | €28,017 | -€71,734 | -€99,751 | |
| Financial income | 75/76B | - | €4,777 | +€4,777 | |
| Recurring financial income | 75 | - | €4,777 | +€4,777 | |
| Financial charges | 65/66B | €6,574 | €8,275 | +€1,700 | +25.9% |
| Recurring financial charges | 65 | €6,574 | €8,275 | +€1,700 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €21,443 | -€75,232 | -€96,675 | |
| Income taxes | 67/77 | €6,325 | - | -€6,325 | |
| Profit (loss) for the period | 9904 | €15,117 | -€75,232 | -€90,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,117 | -€75,232 | -€90,349 |
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.