EMORAL: 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.
EMORAL
Largest movements
- Cash -€595,546
down €595,546 (-95.9%), from €621,171 to €25,625
mainly Other debts (-€493,111) and Receivables within one year (-€156,928)
- Receivables within one year +€156,928
up €156,928 (+1,211%), from €12,959 to €169,887
of which Other amounts receivable: +€105,131
- Other debts -€493,111
down €493,111 (-80.5%), from €612,711 to €119,600
- Trade debts +€59,514
up €59,514 (+1,333%), from €4,464 to €63,977
- Financial income -€7,281
down €7,281 (-53.7%), from €13,563 to €6,282
- Gross operating margin -€3,018
down €3,018 (-1.8%), from €171,830 to €168,811
- Financial charges +€2,410
up €2,410 (+55.8%), from €4,320 to €6,730
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 | €648,387 | €214,536 | -€433,851 | -66.9% |
| Fixed assets | 21/28 | €1,136 | €567 | -€569 | -50.1% |
| Tangible fixed assets | 22/27 | €1,136 | €567 | -€569 | -50.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €1,136 | €567 | -€569 | -50.1% |
| Current assets | 29/58 | €647,252 | €213,969 | -€433,282 | -66.9% |
| Amounts receivable within one year | 40/41 | €12,959 | €169,887 | +€156,928 | +1,211% |
| Trade receivables | 40 | €1,198 | €52,995 | +€51,797 | +4,323% |
| Other amounts receivable | 41 | €11,761 | €116,891 | +€105,131 | +894% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €621,171 | €25,625 | -€595,546 | -95.9% |
| Deferred charges and accrued income | 490/1 | €13,122 | €18,457 | +€5,335 | +40.7% |
| Total equity and liabilities | 10/49 | €648,387 | €214,536 | -€433,851 | -66.9% |
| Equity | 10/15 | €26,360 | €26,360 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,960 | €13,960 | = | 0.0% |
| Amounts payable | 17/49 | €622,027 | €188,176 | -€433,851 | -69.7% |
| Amounts payable within one year | 42/48 | €618,266 | €184,481 | -€433,786 | -70.2% |
| Financial debts | 43 | €1,092 | €903 | -€189 | -17.3% |
| Credit institutions | 430/8 | €1,092 | €903 | -€189 | -17.3% |
| Trade debts | 44 | €4,464 | €63,977 | +€59,514 | +1,333% |
| Suppliers | 440/4 | €4,464 | €63,977 | +€59,514 | +1,333% |
| Other amounts payable | 47/48 | €612,711 | €119,600 | -€493,111 | -80.5% |
| Accrued charges and deferred income | 492/3 | €3,761 | €3,695 | -€66 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,131 | €569 | -€563 | -49.7% |
| Other operating charges | 640/8 | €1,157 | €528 | -€629 | -54.4% |
| Gross operating margin | 9900 | €171,830 | €168,811 | -€3,018 | -1.8% |
| Operating profit (loss) | 9901 | €169,542 | €167,715 | -€1,827 | -1.1% |
| Financial income | 75/76B | €13,563 | €6,282 | -€7,281 | -53.7% |
| Recurring financial income | 75 | €13,563 | €6,282 | -€7,281 | -53.7% |
| Financial charges | 65/66B | €4,320 | €6,730 | +€2,410 | +55.8% |
| Recurring financial charges | 65 | €4,320 | €6,730 | +€2,410 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €178,785 | €167,267 | -€11,518 | -6.4% |
| Income taxes | 67/77 | €48,411 | €47,667 | -€743 | -1.5% |
| Profit (loss) for the period | 9904 | €130,375 | €119,600 | -€10,775 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €130,375 | €119,600 | -€10,775 | -8.3% |
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 24 October 2026 via checked.be.