Emweb: 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.
Emweb
Largest movements
- Current investments +€851,002
up €851,002 (+369.1%), from €230,581 to €1.1m
- Cash -€726,273
down €726,273 (-62.2%), from €1.2m to €441,347
mainly Current investments (-€851,002) and Investment in fixed assets (net) (-€347,779)
- Receivables within one year -€78,442
down €78,442 (-34.8%), from €225,229 to €146,787
of which Trade receivables: -€41,243
- Intangible fixed assets +€55,217
up €55,217 (+22.5%), from €245,147 to €300,365
- Reserves +€149,909
up €149,909 (+15.9%), from €944,711 to €1.1m
- Accrued charges and deferred income -€98,025
down €98,025 (-62.6%), from €156,532 to €58,507
- Tax, wage and social debts +€53,807
up €53,807 (+40.0%), from €134,669 to €188,476
of which Remuneration and social security: +€46,881
- Gross operating margin -€79,719
down €79,719 (-6.1%), from €1.3m to €1.2m
- Taxes -€32,933
down €32,933 (-45.5%), from €72,332 to €39,399
- Depreciation -€25,091
down €25,091 (-7.9%), from €316,013 to €290,922
- Staff costs +€22,851
up €22,851 (+3.2%), from €724,309 to €747,160
- Financial charges +€21,073
up €21,073, from -€2,134 to €18,940
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 | €1,878,011 | €1,985,625 | +€107,614 | +5.7% |
| Fixed assets | 21/28 | €248,914 | €305,770 | +€56,857 | +22.8% |
| Intangible fixed assets | 21 | €245,147 | €300,365 | +€55,217 | +22.5% |
| Tangible fixed assets | 22/27 | €3,766 | €5,406 | +€1,640 | +43.5% |
| Furniture and vehicles | 24 | €3,766 | €5,406 | +€1,640 | +43.5% |
| Current assets | 29/58 | €1,629,097 | €1,679,855 | +€50,758 | +3.1% |
| Amounts receivable within one year | 40/41 | €225,229 | €146,787 | -€78,442 | -34.8% |
| Trade receivables | 40 | €127,330 | €86,087 | -€41,243 | -32.4% |
| Other amounts receivable | 41 | €97,899 | €60,700 | -€37,199 | -38.0% |
| Current investments | 50/53 | €230,581 | €1,081,583 | +€851,002 | +369.1% |
| Cash at bank and in hand | 54/58 | €1,167,621 | €441,347 | -€726,273 | -62.2% |
| Deferred charges and accrued income | 490/1 | €5,667 | €10,138 | +€4,470 | +78.9% |
| Total equity and liabilities | 10/49 | €1,878,011 | €1,985,625 | +€107,614 | +5.7% |
| Equity | 10/15 | €1,553,587 | €1,703,496 | +€149,909 | +9.6% |
| Contributions | 10/11 | €69,698 | €69,698 | = | 0.0% |
| Reserves | 13 | €944,711 | €1,094,621 | +€149,909 | +15.9% |
| Distributable reserves | 133 | €944,711 | €1,094,621 | +€149,909 | +15.9% |
| Profit (loss) carried forward | 14 | €539,178 | €539,178 | = | 0.0% |
| Amounts payable | 17/49 | €324,424 | €282,129 | -€42,295 | -13.0% |
| Amounts payable within one year | 42/48 | €167,892 | €223,622 | +€55,730 | +33.2% |
| Trade debts | 44 | €33,139 | €35,084 | +€1,944 | +5.9% |
| Suppliers | 440/4 | €33,139 | €35,084 | +€1,944 | +5.9% |
| Taxes, remuneration and social security | 45 | €134,669 | €188,476 | +€53,807 | +40.0% |
| Taxes | 450/3 | €35,730 | €42,655 | +€6,925 | +19.4% |
| Remuneration and social security | 454/9 | €98,939 | €145,821 | +€46,881 | +47.4% |
| Other amounts payable | 47/48 | €83 | €63 | -€21 | -24.8% |
| Accrued charges and deferred income | 492/3 | €156,532 | €58,507 | -€98,025 | -62.6% |
| Non-recurring operating income | 76A | €6,464 | €43 | -€6,421 | -99.3% |
| Remuneration, social security and pensions | 62 | €724,309 | €747,160 | +€22,851 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,013 | €290,922 | -€25,091 | -7.9% |
| Other operating charges | 640/8 | €1,234 | €1,323 | +€89 | +7.2% |
| Gross operating margin | 9900 | €1,299,154 | €1,219,435 | -€79,719 | -6.1% |
| Operating profit (loss) | 9901 | €257,598 | €180,030 | -€77,568 | -30.1% |
| Financial income | 75/76B | €13,205 | €28,218 | +€15,013 | +113.7% |
| Recurring financial income | 75 | €13,205 | €28,218 | +€15,013 | +113.7% |
| Financial charges | 65/66B | -€2,134 | €18,940 | +€21,073 | |
| Recurring financial charges | 65 | -€2,134 | €18,940 | +€21,073 | |
| Profit (loss) for the period before taxes | 9903 | €272,937 | €189,308 | -€83,629 | -30.6% |
| Income taxes | 67/77 | €72,332 | €39,399 | -€32,933 | -45.5% |
| Profit (loss) for the period | 9904 | €200,605 | €149,909 | -€50,696 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €200,605 | €149,909 | -€50,696 | -25.3% |
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 30 September 2026 via checked.be.