EMVERES: 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.
EMVERES
Largest movements
- Cash +€30,668
up €30,668 (+4.1%), from €748,852 to €779,520
mainly Net result for the year (+€25,938) and Tax, wage and social debts (+€7,106)
- Receivables within one year +€9,445
up €9,445 (+30.4%), from €31,090 to €40,536
of which Trade receivables: +€17,788
- Reserves +€24,338
up €24,338 (+3.9%), from €617,458 to €641,796
- Financial charges +€4,617
up €4,617 (+255%), from €1,814 to €6,431
- Taxes -€1,657
down €1,657 (-14.8%), from €11,216 to €9,559
- Financial income +€924
up €924 (+88.0%), from €1,050 to €1,974
- Depreciation -€784
down €784 (-75.0%), from €1,045 to €261
- Other operating charges +€607
up €607 (+52.4%), from €1,159 to €1,766
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 | €780,203 | €820,055 | +€39,852 | +5.1% |
| Fixed assets | 21/28 | €261 | - | -€261 | |
| Tangible fixed assets | 22/27 | €261 | - | -€261 | |
| Furniture and vehicles | 24 | €261 | - | -€261 | |
| Current assets | 29/58 | €779,942 | €820,055 | +€40,113 | +5.1% |
| Amounts receivable within one year | 40/41 | €31,090 | €40,536 | +€9,445 | +30.4% |
| Trade receivables | 40 | €12,306 | €30,094 | +€17,788 | +145% |
| Other amounts receivable | 41 | €18,784 | €10,441 | -€8,343 | -44.4% |
| Cash at bank and in hand | 54/58 | €748,852 | €779,520 | +€30,668 | +4.1% |
| Total equity and liabilities | 10/49 | €780,203 | €820,055 | +€39,852 | +5.1% |
| Equity | 10/15 | €623,658 | €647,996 | +€24,338 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €617,458 | €641,796 | +€24,338 | +3.9% |
| Distributable reserves | 133 | €617,458 | €641,796 | +€24,338 | +3.9% |
| Amounts payable | 17/49 | €156,546 | €172,060 | +€15,514 | +9.9% |
| Amounts payable within one year | 42/48 | €155,579 | €165,676 | +€10,097 | +6.5% |
| Trade debts | 44 | €101 | €250 | +€150 | +149% |
| Suppliers | 440/4 | €101 | €250 | +€150 | +149% |
| Taxes, remuneration and social security | 45 | €5,936 | €13,042 | +€7,106 | +120% |
| Taxes | 450/3 | €5,936 | €13,042 | +€7,106 | +120% |
| Other amounts payable | 47/48 | €149,543 | €152,384 | +€2,841 | +1.9% |
| Accrued charges and deferred income | 492/3 | €967 | €6,384 | +€5,417 | +560% |
| Non-recurring operating income | 76A | - | €7,844 | +€7,844 | |
| Remuneration, social security and pensions | 62 | €142 | - | -€142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €261 | -€784 | -75.0% |
| Other operating charges | 640/8 | €1,159 | €1,766 | +€607 | +52.4% |
| Gross operating margin | 9900 | €42,388 | €41,980 | -€408 | -1.0% |
| Operating profit (loss) | 9901 | €40,041 | €39,953 | -€88 | -0.2% |
| Financial income | 75/76B | €1,050 | €1,974 | +€924 | +88.0% |
| Recurring financial income | 75 | €1,050 | €1,974 | +€924 | +88.0% |
| Financial charges | 65/66B | €1,814 | €6,431 | +€4,617 | +255% |
| Recurring financial charges | 65 | €1,814 | €6,431 | +€4,617 | +255% |
| Profit (loss) for the period before taxes | 9903 | €39,277 | €35,497 | -€3,781 | -9.6% |
| Income taxes | 67/77 | €11,216 | €9,559 | -€1,657 | -14.8% |
| Profit (loss) for the period | 9904 | €28,061 | €25,938 | -€2,123 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,061 | €25,938 | -€2,123 | -7.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.