EMONDS: 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.
EMONDS
Largest movements
- Cash +€240,019
up €240,019 (+222.2%), from €108,042 to €348,061
mainly Receivables within one year (+€230,682) and Debts after one year (+€176,469)
- Receivables within one year -€230,682
down €230,682 (-94.3%), from €244,680 to €13,997
of which Other amounts receivable: -€230,682
- Tangible fixed assets +€97,118
up €97,118 (+89.8%), from €108,155 to €205,272
of which Land and buildings: +€99,478
- Debts after one year +€176,469
new in 2025: €176,469
- Profit (loss) carried forward -€87,604
down €87,604 (-36.1%), from €242,557 to €154,953
- Other debts +€12,473
up €12,473 (+172.9%), from €7,212 to €19,686
- Gross operating margin -€278,694
down €278,694, from €221,615 to -€57,079
- Other operating charges -€6,402
down €6,402 (-47.8%), from €13,393 to €6,991
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 | €464,550 | €567,877 | +€103,327 | +22.2% |
| Fixed assets | 21/28 | €108,155 | €205,272 | +€97,118 | +89.8% |
| Tangible fixed assets | 22/27 | €108,155 | €205,272 | +€97,118 | +89.8% |
| Land and buildings | 22 | €105,456 | €204,934 | +€99,478 | +94.3% |
| Plant, machinery and equipment | 23 | €1,354 | €0 | -€1,354 | -100.0% |
| Furniture and vehicles | 24 | €1,345 | €338 | -€1,006 | -74.8% |
| Current assets | 29/58 | €356,395 | €362,605 | +€6,209 | +1.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €244,680 | €13,997 | -€230,682 | -94.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €244,680 | €13,997 | -€230,682 | -94.3% |
| Cash at bank and in hand | 54/58 | €108,042 | €348,061 | +€240,019 | +222.2% |
| Deferred charges and accrued income | 490/1 | €3,673 | €546 | -€3,127 | -85.1% |
| Total equity and liabilities | 10/49 | €464,550 | €567,877 | +€103,327 | +22.2% |
| Equity | 10/15 | €437,276 | €349,672 | -€87,604 | -20.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €176,127 | €176,127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,268 | €174,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,557 | €154,953 | -€87,604 | -36.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €27,273 | €218,205 | +€190,932 | +700.1% |
| Amounts payable after more than one year | 17 | - | €176,469 | +€176,469 | |
| Financial debts | 170/4 | - | €176,469 | +€176,469 | |
| Amounts payable within one year | 42/48 | €27,273 | €41,736 | +€14,463 | +53.0% |
| Trade debts | 44 | €20,061 | €22,051 | +€1,990 | +9.9% |
| Suppliers | 440/4 | €20,061 | €22,051 | +€1,990 | +9.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,212 | €19,686 | +€12,473 | +172.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,865 | €15,608 | -€1,258 | -7.5% |
| Other operating charges | 640/8 | €13,393 | €6,991 | -€6,402 | -47.8% |
| Non-recurring operating charges | 66A | €64,500 | €8,199 | -€56,301 | -87.3% |
| Gross operating margin | 9900 | €221,615 | -€57,079 | -€278,694 | |
| Operating profit (loss) | 9901 | €126,858 | -€87,876 | -€214,734 | |
| Financial income | 75/76B | €0 | €1,351 | +€1,351 | +13507200.0% |
| Recurring financial income | 75 | €0 | €1,351 | +€1,351 | +13507200.0% |
| Financial charges | 65/66B | €427 | €1,079 | +€652 | +152.9% |
| Recurring financial charges | 65 | €427 | €1,079 | +€652 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | €126,431 | -€87,604 | -€214,035 | |
| Transfer from deferred taxes | 780 | €45,316 | - | -€45,316 | |
| Profit (loss) for the period | 9904 | €171,747 | -€87,604 | -€259,351 | |
| Transfer from tax-exempt reserves | 789 | €75,776 | - | -€75,776 | |
| Transfer to tax-exempt reserves | 689 | €174,268 | - | -€174,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,254 | -€87,604 | -€160,859 |
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 12 October 2026 via checked.be.