EMROJ: 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.
EMROJ
Largest movements
- Cash +€63,103
up €63,103 (+41.8%), from €151,116 to €214,218
mainly Net result for the year (+€78,724) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Receivables within one year -€5,941
down €5,941 (-79.4%), from €7,487 to €1,546
- Reserves +€21,529
up €21,529 (+5.3%), from €405,844 to €427,374
- Tax, wage and social debts -€18,259
down €18,259 (-98.3%), from €18,578 to €319
- Depreciation +€9,936
up €9,936 (+43.6%), from €22,802 to €32,738
- Gross operating margin +€9,197
up €9,197 (+7.0%), from €131,447 to €140,645
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 | €448,286 | €453,824 | +€5,538 | +1.2% |
| Fixed assets | 21/28 | €189,025 | €187,694 | -€1,331 | -0.7% |
| Tangible fixed assets | 22/27 | €189,025 | €187,644 | -€1,381 | -0.7% |
| Land and buildings | 22 | €87,821 | €85,226 | -€2,595 | -3.0% |
| Furniture and vehicles | 24 | €101,204 | €102,418 | +€1,214 | +1.2% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €259,261 | €266,129 | +€6,869 | +2.6% |
| Amounts receivable within one year | 40/41 | €7,487 | €1,546 | -€5,941 | -79.4% |
| Other amounts receivable | 41 | €7,487 | €1,546 | -€5,941 | -79.4% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €151,116 | €214,218 | +€63,103 | +41.8% |
| Deferred charges and accrued income | 490/1 | €658 | €365 | -€292 | -44.5% |
| Total equity and liabilities | 10/49 | €448,286 | €453,824 | +€5,538 | +1.2% |
| Equity | 10/15 | €412,044 | €433,574 | +€21,529 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €405,844 | €427,374 | +€21,529 | +5.3% |
| Distributable reserves | 133 | €405,844 | €427,374 | +€21,529 | +5.3% |
| Amounts payable | 17/49 | €36,241 | €20,250 | -€15,991 | -44.1% |
| Amounts payable within one year | 42/48 | €36,241 | €20,250 | -€15,991 | -44.1% |
| Trade debts | 44 | €2,302 | €3,518 | +€1,216 | +52.8% |
| Suppliers | 440/4 | €2,302 | €3,518 | +€1,216 | +52.8% |
| Taxes, remuneration and social security | 45 | €18,578 | €319 | -€18,259 | -98.3% |
| Taxes | 450/3 | €18,578 | €319 | -€18,259 | -98.3% |
| Other amounts payable | 47/48 | €15,361 | €16,412 | +€1,051 | +6.8% |
| Non-recurring operating income | 76A | €10,000 | €5,000 | -€5,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,802 | €32,738 | +€9,936 | +43.6% |
| Other operating charges | 640/8 | €1,209 | €1,229 | +€19 | +1.6% |
| Gross operating margin | 9900 | €131,447 | €140,645 | +€9,197 | +7.0% |
| Operating profit (loss) | 9901 | €107,436 | €106,678 | -€758 | -0.7% |
| Financial income | 75/76B | €3,384 | €3,636 | +€251 | +7.4% |
| Recurring financial income | 75 | €3,384 | €3,636 | +€251 | +7.4% |
| Financial charges | 65/66B | €108 | €72 | -€37 | -33.8% |
| Recurring financial charges | 65 | €108 | €72 | -€37 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €110,712 | €110,242 | -€470 | -0.4% |
| Income taxes | 67/77 | €32,645 | €31,518 | -€1,127 | -3.5% |
| Profit (loss) for the period | 9904 | €78,067 | €78,724 | +€657 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,067 | €78,724 | +€657 | +0.8% |
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 30 October 2026 via checked.be.