5EMC: 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.
5EMC
Largest movements
- Cash +€36,908
up €36,908 (+14.6%), from €252,766 to €289,674
mainly Other debts (+€104,544) and Net result for the year (+€94,460)
- Receivables within one year -€17,102
down €17,102 (-68.0%), from €25,166 to €8,064
of which Trade receivables: -€15,168
- Other debts +€104,544
up €104,544 (+244%), from €42,857 to €147,402
- Profit (loss) carried forward -€52,640
no longer reported in 2025 (was €52,640)
- Tax, wage and social debts -€30,706
down €30,706 (-39.9%), from €76,948 to €46,242
No income-statement line moved by more than 1% of the activity.
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 | €279,163 | €300,608 | +€21,445 | +7.7% |
| Fixed assets | 21/28 | €1,232 | €2,871 | +€1,639 | +133% |
| Tangible fixed assets | 22/27 | €1,232 | €2,871 | +€1,639 | +133% |
| Plant, machinery and equipment | 23 | €276 | - | -€276 | |
| Furniture and vehicles | 24 | €956 | €2,871 | +€1,914 | +200% |
| Current assets | 29/58 | €277,931 | €297,738 | +€19,806 | +7.1% |
| Amounts receivable within one year | 40/41 | €25,166 | €8,064 | -€17,102 | -68.0% |
| Trade receivables | 40 | €23,232 | €8,064 | -€15,168 | -65.3% |
| Other amounts receivable | 41 | €1,934 | - | -€1,934 | |
| Cash at bank and in hand | 54/58 | €252,766 | €289,674 | +€36,908 | +14.6% |
| Total equity and liabilities | 10/49 | €279,163 | €300,608 | +€21,445 | +7.7% |
| Equity | 10/15 | €156,951 | €104,311 | -€52,640 | -33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,311 | €99,311 | = | 0.0% |
| Distributable reserves | 133 | €99,311 | €99,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,640 | - | -€52,640 | |
| Amounts payable | 17/49 | €122,212 | €196,297 | +€74,084 | +60.6% |
| Amounts payable within one year | 42/48 | €122,212 | €196,297 | +€74,084 | +60.6% |
| Trade debts | 44 | €2,407 | €2,653 | +€246 | +10.2% |
| Suppliers | 440/4 | €2,407 | €2,653 | +€246 | +10.2% |
| Taxes, remuneration and social security | 45 | €76,948 | €46,242 | -€30,706 | -39.9% |
| Taxes | 450/3 | €76,948 | €46,242 | -€30,706 | -39.9% |
| Other amounts payable | 47/48 | €42,857 | €147,402 | +€104,544 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €912 | +€431 | +89.8% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €122,263 | €122,298 | +€35 | 0.0% |
| Operating profit (loss) | 9901 | €121,782 | €120,987 | -€796 | -0.7% |
| Financial income | 75/76B | €305 | - | -€305 | |
| Recurring financial income | 75 | €305 | - | -€305 | |
| Financial charges | 65/66B | €125 | €235 | +€111 | +88.8% |
| Recurring financial charges | 65 | €125 | €235 | +€111 | +88.8% |
| Profit (loss) for the period before taxes | 9903 | €121,963 | €120,751 | -€1,212 | -1.0% |
| Income taxes | 67/77 | €26,466 | €26,292 | -€175 | -0.7% |
| Profit (loss) for the period | 9904 | €95,497 | €94,460 | -€1,037 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,497 | €94,460 | -€1,037 | -1.1% |
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 13 October 2026 via checked.be.