EMOZIONI: 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.
EMOZIONI
Largest movements
- Receivables within one year -€156,695
down €156,695 (-47.9%), from €326,966 to €170,271
of which Trade receivables: -€140,597
- Cash +€19,373
up €19,373 (+18.0%), from €107,704 to €127,077
mainly Receivables within one year (+€156,695) and Accrued charges and deferred income (+€26,919)
- Deferred charges and accrued income +€13,246
new in 2025: €13,246
- Advances received -€138,248
down €138,248 (-55.3%), from €249,951 to €111,703
- Accrued charges and deferred income +€26,919
up €26,919 (+126.1%), from €21,352 to €48,271
- Debts after one year -€16,850
no longer reported in 2025 (was €16,850)
- Tax, wage and social debts -€14,535
down €14,535 (-42.9%), from €33,850 to €19,315
- Trade debts +€12,187
up €12,187 (+2338.6%), from €521 to €12,708
- Gross operating margin +€8,138
up €8,138 (+807.4%), from €1,008 to €9,146
- Other operating charges +€2,172
up €2,172 (+620.8%), from €350 to €2,521
- Financial charges +€1,380
up €1,380 (+545.5%), from €253 to €1,633
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 | €443,545 | €319,518 | -€124,026 | -28.0% |
| Fixed assets | 21/28 | €8,875 | €8,875 | = | 0.0% |
| Financial fixed assets | 28 | €8,875 | €8,875 | = | 0.0% |
| Current assets | 29/58 | €434,670 | €310,643 | -€124,026 | -28.5% |
| Amounts receivable within one year | 40/41 | €326,966 | €170,271 | -€156,695 | -47.9% |
| Trade receivables | 40 | €310,770 | €170,173 | -€140,597 | -45.2% |
| Other amounts receivable | 41 | €16,195 | €98 | -€16,097 | -99.4% |
| Current investments | 50/53 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €107,704 | €127,077 | +€19,373 | +18.0% |
| Deferred charges and accrued income | 490/1 | - | €13,246 | +€13,246 | |
| Total equity and liabilities | 10/49 | €443,545 | €319,518 | -€124,026 | -28.0% |
| Equity | 10/15 | €114,487 | €119,480 | +€4,993 | +4.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €50,381 | €50,381 | = | 0.0% |
| Distributable reserves | 133 | €50,381 | €50,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,106 | €44,099 | +€4,993 | +12.8% |
| Amounts payable | 17/49 | €329,058 | €200,038 | -€129,019 | -39.2% |
| Amounts payable after more than one year | 17 | €16,850 | - | -€16,850 | |
| Financial debts | 170/4 | €16,850 | - | -€16,850 | |
| Amounts payable within one year | 42/48 | €290,856 | €151,768 | -€139,088 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €6,534 | €8,042 | +€1,508 | +23.1% |
| Trade debts | 44 | €521 | €12,708 | +€12,187 | +2338.6% |
| Suppliers | 440/4 | €521 | €12,708 | +€12,187 | +2338.6% |
| Advances received on contracts in progress | 46 | €249,951 | €111,703 | -€138,248 | -55.3% |
| Taxes, remuneration and social security | 45 | €33,850 | €19,315 | -€14,535 | -42.9% |
| Taxes | 450/3 | €33,850 | €19,315 | -€14,535 | -42.9% |
| Accrued charges and deferred income | 492/3 | €21,352 | €48,271 | +€26,919 | +126.1% |
| Other operating charges | 640/8 | €350 | €2,521 | +€2,172 | +620.8% |
| Gross operating margin | 9900 | €1,008 | €9,146 | +€8,138 | +807.4% |
| Operating profit (loss) | 9901 | €658 | €6,624 | +€5,966 | +906.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €253 | €1,633 | +€1,380 | +545.5% |
| Recurring financial charges | 65 | €253 | €1,633 | +€1,380 | +545.5% |
| Profit (loss) for the period before taxes | 9903 | €405 | €4,993 | +€4,588 | +1132.7% |
| Profit (loss) for the period | 9904 | €405 | €4,993 | +€4,588 | +1132.7% |
| Profit (loss) for the period to be appropriated | 9905 | €405 | €4,993 | +€4,588 | +1132.7% |
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 6 October 2026 via checked.be.