BLUE GUIDE EMC LAB: 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.
BLUE GUIDE EMC LAB
Largest movements
- Tangible fixed assets +€107,052
up €107,052 (+9.2%), from €1.2m to €1.3m
of which Plant, machinery and equipment: +€110,528
- Cash -€54,858
down €54,858 (-71.5%), from €76,685 to €21,827
mainly Investment in fixed assets (net) (-€228,416) and Trade debts (-€49,110)
- Deferred charges and accrued income +€38,606
new in 2025: €38,606
- Other debts +€133,179
up €133,179 (+45.9%), from €290,000 to €423,179
- Trade debts -€49,110
down €49,110 (-32.4%), from €151,565 to €102,455
- Turnover +€1.1m
new in 2025: €1.1m
- Purchases and services +€430,669
new in 2025: €430,669
- Staff costs +€145,772
up €145,772 (+27.7%), from €526,579 to €672,351
- Gross operating margin +€127,394
up €127,394 (+17.6%), from €725,250 to €852,643
- Depreciation +€20,498
up €20,498 (+20.3%), from €100,867 to €121,364
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 | €1,434,321 | €1,521,142 | +€86,821 | +6.1% |
| Fixed assets | 21/28 | €1,163,308 | €1,270,360 | +€107,052 | +9.2% |
| Tangible fixed assets | 22/27 | €1,162,308 | €1,269,360 | +€107,052 | +9.2% |
| Land and buildings | 22 | €858,894 | €816,108 | -€42,786 | -5.0% |
| Plant, machinery and equipment | 23 | €297,426 | €407,955 | +€110,528 | +37.2% |
| Furniture and vehicles | 24 | €5,988 | €38,834 | +€32,846 | +549% |
| Assets under construction and advance payments | 27 | - | €6,463 | +€6,463 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €271,013 | €250,783 | -€20,230 | -7.5% |
| Amounts receivable within one year | 40/41 | €194,328 | €190,350 | -€3,978 | -2.0% |
| Trade receivables | 40 | €194,328 | €190,350 | -€3,978 | -2.0% |
| Cash at bank and in hand | 54/58 | €76,685 | €21,827 | -€54,858 | -71.5% |
| Deferred charges and accrued income | 490/1 | - | €38,606 | +€38,606 | |
| Total equity and liabilities | 10/49 | €1,434,321 | €1,521,142 | +€86,821 | +6.1% |
| Equity | 10/15 | €879,274 | €882,533 | +€3,259 | +0.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | - | -€400,000 | |
| Issued capital | 100 | €400,000 | - | -€400,000 | |
| Reserves | 13 | €479,274 | €482,533 | +€3,259 | +0.7% |
| Non-distributable reserves | 130/1 | €33,455 | €0 | -€33,455 | -100% |
| Legal reserve | 130 | €33,455 | - | -€33,455 | |
| Distributable reserves | 133 | €445,819 | €482,533 | +€36,714 | +8.2% |
| Amounts payable | 17/49 | €555,047 | €638,609 | +€83,563 | +15.1% |
| Amounts payable within one year | 42/48 | €550,814 | €638,609 | +€87,795 | +15.9% |
| Trade debts | 44 | €151,565 | €102,455 | -€49,110 | -32.4% |
| Suppliers | 440/4 | €151,565 | €102,455 | -€49,110 | -32.4% |
| Taxes, remuneration and social security | 45 | €109,249 | €112,974 | +€3,725 | +3.4% |
| Taxes | 450/3 | €47,828 | €44,618 | -€3,209 | -6.7% |
| Remuneration and social security | 454/9 | €61,422 | €68,356 | +€6,935 | +11.3% |
| Other amounts payable | 47/48 | €290,000 | €423,179 | +€133,179 | +45.9% |
| Accrued charges and deferred income | 492/3 | €4,232 | - | -€4,232 | |
| Turnover | 70 | - | €1,112,135 | +€1.1m | |
| Non-recurring operating income | 76A | - | €309 | +€309 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €430,669 | +€430,669 | |
| Remuneration, social security and pensions | 62 | €526,579 | €672,351 | +€145,772 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,867 | €121,364 | +€20,498 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €880 | +€880 | |
| Other operating charges | 640/8 | €36,605 | €42,290 | +€5,685 | +15.5% |
| Gross operating margin | 9900 | €725,250 | €852,643 | +€127,394 | +17.6% |
| Operating profit (loss) | 9901 | €61,199 | €15,758 | -€45,441 | -74.3% |
| Financial income | 75/76B | €447 | €56 | -€391 | -87.5% |
| Recurring financial income | 75 | €447 | €56 | -€391 | -87.5% |
| Financial charges | 65/66B | €11,642 | €6,444 | -€5,197 | -44.6% |
| Recurring financial charges | 65 | €11,642 | €6,444 | -€5,197 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €50,004 | €9,370 | -€40,634 | -81.3% |
| Income taxes | 67/77 | €15,302 | €6,112 | -€9,190 | -60.1% |
| Profit (loss) for the period | 9904 | €34,703 | €3,259 | -€31,444 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,703 | €3,259 | -€31,444 | -90.6% |
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 16 October 2026 via checked.be.