EMRAH: 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.
EMRAH
Largest movements
- Receivables within one year +€21,295
up €21,295 (+177.0%), from €12,031 to €33,327
of which Other amounts receivable: +€20,570
- Tangible fixed assets +€7,461
up €7,461 (+180.8%), from €4,126 to €11,587
of which Land and buildings: +€8,309
- Cash +€4,213
up €4,213 (+40.4%), from €10,417 to €14,630
mainly Tax, wage and social debts (+€26,255) and Other debts (+€10,604)
- Tax, wage and social debts +€26,255
new in 2025: €26,255
of which Remuneration and social security: +€25,812
- Other debts +€10,604
new in 2025: €10,604
- Trade debts -€2,459
no longer reported in 2025 (was €2,459)
- Profit (loss) carried forward -€1,431
down €1,431 (-32.7%), from €4,370 to €2,939
- Staff costs +€4,455
new in 2025: €4,455
- Gross operating margin +€2,829
up €2,829 (+178.6%), from €1,584 to €4,413
- Other operating charges -€2,414
no longer reported in 2025 (was €2,414)
- Taxes -€720
no longer reported in 2025 (was €720)
- Depreciation +€619
up €619 (+148.3%), from €418 to €1,037
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 | €27,280 | €60,249 | +€32,969 | +120.9% |
| Fixed assets | 21/28 | €4,216 | €11,677 | +€7,461 | +177.0% |
| Tangible fixed assets | 22/27 | €4,126 | €11,587 | +€7,461 | +180.8% |
| Land and buildings | 22 | - | €8,309 | +€8,309 | |
| Plant, machinery and equipment | 23 | €26 | €0 | -€25 | -99.5% |
| Furniture and vehicles | 24 | €4,100 | €3,278 | -€822 | -20.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €23,064 | €48,572 | +€25,508 | +110.6% |
| Stocks and contracts in progress | 3 | €615 | €615 | = | 0.0% |
| Stocks | 30/36 | €615 | €615 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,031 | €33,327 | +€21,295 | +177.0% |
| Trade receivables | 40 | - | €726 | +€726 | |
| Other amounts receivable | 41 | €12,031 | €32,601 | +€20,570 | +171.0% |
| Cash at bank and in hand | 54/58 | €10,417 | €14,630 | +€4,213 | +40.4% |
| Total equity and liabilities | 10/49 | €27,280 | €60,249 | +€32,969 | +120.9% |
| Equity | 10/15 | €24,821 | €23,390 | -€1,431 | -5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 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% |
| Profit (loss) carried forward | 14 | €4,370 | €2,939 | -€1,431 | -32.7% |
| Amounts payable | 17/49 | €2,459 | €36,859 | +€34,400 | +1398.9% |
| Amounts payable within one year | 42/48 | €2,459 | €36,859 | +€34,400 | +1398.9% |
| Trade debts | 44 | €2,459 | - | -€2,459 | |
| Suppliers | 440/4 | €2,459 | - | -€2,459 | |
| Taxes, remuneration and social security | 45 | - | €26,255 | +€26,255 | |
| Taxes | 450/3 | - | €443 | +€443 | |
| Remuneration and social security | 454/9 | - | €25,812 | +€25,812 | |
| Other amounts payable | 47/48 | - | €10,604 | +€10,604 | |
| Remuneration, social security and pensions | 62 | - | €4,455 | +€4,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €1,037 | +€619 | +148.3% |
| Other operating charges | 640/8 | €2,414 | - | -€2,414 | |
| Gross operating margin | 9900 | €1,584 | €4,413 | +€2,829 | +178.6% |
| Operating profit (loss) | 9901 | -€1,248 | -€1,079 | +€169 | +13.5% |
| Financial income | 75/76B | €549 | - | -€549 | |
| Recurring financial income | 75 | €549 | - | -€549 | |
| Financial charges | 65/66B | €717 | €352 | -€365 | -50.9% |
| Recurring financial charges | 65 | €717 | €352 | -€365 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,415 | -€1,431 | -€16 | -1.1% |
| Income taxes | 67/77 | €720 | - | -€720 | |
| Profit (loss) for the period | 9904 | -€2,136 | -€1,431 | +€705 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,136 | -€1,431 | +€705 | +33.0% |
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 3 October 2026 via checked.be.