Villa Emma: 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.
Villa Emma
Largest movements
- Stocks and contracts -€484,538
down €484,538 (-24.7%), from €2.0m to €1.5m
- Debts after one year -€257,250
down €257,250 (-25.0%), from €1.0m to €771,750
- Short-term financial debts -€220,990
down €220,990 (-35.3%), from €626,139 to €405,149
- Profit (loss) carried forward -€40,021
down €40,021 (-20.1%), from -€198,869 to -€238,890
- Gross operating margin -€351,360
down €351,360, from €76,598 to -€274,762
- Financial income +€257,250
new in 2025: €257,250
of which Financial income: +€257,250
- Financial charges -€24,703
down €24,703 (-53.6%), from €46,069 to €21,367
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 | €2,062,896 | €1,550,582 | -€512,313 | -24.8% |
| Current assets | 29/58 | €2,062,896 | €1,550,582 | -€512,313 | -24.8% |
| Amounts receivable after more than one year | 29 | €366 | - | -€366 | |
| Other amounts receivable | 291 | €366 | - | -€366 | |
| Stocks and contracts in progress | 3 | €1,965,538 | €1,481,000 | -€484,538 | -24.7% |
| Stocks | 30/36 | €1,965,538 | €1,481,000 | -€484,538 | -24.7% |
| Amounts receivable within one year | 40/41 | €13,092 | €4,897 | -€8,195 | -62.6% |
| Trade receivables | 40 | - | €2,287 | +€2,287 | |
| Other amounts receivable | 41 | €13,092 | €2,610 | -€10,482 | -80.1% |
| Cash at bank and in hand | 54/58 | €83,900 | €64,686 | -€19,214 | -22.9% |
| Total equity and liabilities | 10/49 | €2,062,896 | €1,550,582 | -€512,313 | -24.8% |
| Equity | 10/15 | €404,554 | €364,533 | -€40,021 | -9.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €3,423 | €3,423 | = | 0.0% |
| Distributable reserves | 133 | €3,423 | €3,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,869 | -€238,890 | -€40,021 | -20.1% |
| Amounts payable | 17/49 | €1,658,342 | €1,186,050 | -€472,292 | -28.5% |
| Amounts payable after more than one year | 17 | €1,029,000 | €771,750 | -€257,250 | -25.0% |
| Financial debts | 170/4 | €1,029,000 | €771,750 | -€257,250 | -25.0% |
| Amounts payable within one year | 42/48 | €626,336 | €413,218 | -€213,118 | -34.0% |
| Financial debts | 43 | €626,139 | €405,149 | -€220,990 | -35.3% |
| Credit institutions | 430/8 | €626,139 | €405,149 | -€220,990 | -35.3% |
| Trade debts | 44 | €197 | €3,527 | +€3,330 | +1,692% |
| Suppliers | 440/4 | €197 | €3,527 | +€3,330 | +1,692% |
| Other amounts payable | 47/48 | - | €4,542 | +€4,542 | |
| Accrued charges and deferred income | 492/3 | €3,006 | €1,082 | -€1,925 | -64.0% |
| Other operating charges | 640/8 | €1,764 | €1,143 | -€621 | -35.2% |
| Gross operating margin | 9900 | €76,598 | -€274,762 | -€351,360 | |
| Operating profit (loss) | 9901 | €74,835 | -€275,904 | -€350,739 | |
| Financial income | 75/76B | - | €257,250 | +€257,250 | |
| Recurring financial income | 75 | - | €257,250 | +€257,250 | |
| Non-recurring financial income | 76B | - | €257,250 | +€257,250 | |
| Financial charges | 65/66B | €46,069 | €21,367 | -€24,703 | -53.6% |
| Recurring financial charges | 65 | €46,069 | €21,367 | -€24,703 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €28,765 | -€40,021 | -€68,786 | |
| Profit (loss) for the period | 9904 | €28,765 | -€40,021 | -€68,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,765 | -€40,021 | -€68,786 |
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 19 October 2026 via checked.be.