E.M.C.: 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.
E.M.C.
Largest movements
- Cash +€41,908
up €41,908 (+151.3%), from €27,704 to €69,612
mainly Depreciation (+€29,996) and Stocks and contracts (+€28,550)
- Stocks and contracts -€28,550
down €28,550 (-71.1%), from €40,140 to €11,590
- Tangible fixed assets -€6,564
down €6,564 (-5.4%), from €122,500 to €115,936
of which Furniture and vehicles: -€12,072
- Receivables within one year +€3,015
up €3,015 (+15.9%), from €18,972 to €21,987
of which Trade receivables: +€1,646
- Trade debts +€21,608
up €21,608 (+201.1%), from €10,746 to €32,354
- Tax, wage and social debts -€9,910
down €9,910 (-82.6%), from €11,996 to €2,086
- Depreciation +€8,430
up €8,430 (+39.1%), from €21,566 to €29,996
- Other operating charges +€4,902
up €4,902 (+225.3%), from €2,176 to €7,078
- Gross operating margin -€4,236
down €4,236 (-9.7%), from €43,662 to €39,426
- Taxes -€2,403
down €2,403 (-66.2%), from €3,628 to €1,225
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 | €209,451 | €220,654 | +€11,203 | +5.3% |
| Fixed assets | 21/28 | €122,635 | €116,071 | -€6,564 | -5.4% |
| Tangible fixed assets | 22/27 | €122,500 | €115,936 | -€6,564 | -5.4% |
| Plant, machinery and equipment | 23 | €77,042 | €82,550 | +€5,508 | +7.1% |
| Furniture and vehicles | 24 | €45,458 | €33,386 | -€12,072 | -26.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €86,816 | €104,583 | +€17,767 | +20.5% |
| Stocks and contracts in progress | 3 | €40,140 | €11,590 | -€28,550 | -71.1% |
| Stocks | 30/36 | €40,140 | €11,590 | -€28,550 | -71.1% |
| Amounts receivable within one year | 40/41 | €18,972 | €21,987 | +€3,015 | +15.9% |
| Trade receivables | 40 | €18,881 | €20,527 | +€1,646 | +8.7% |
| Other amounts receivable | 41 | €91 | €1,460 | +€1,369 | +1504.4% |
| Cash at bank and in hand | 54/58 | €27,704 | €69,612 | +€41,908 | +151.3% |
| Deferred charges and accrued income | 490/1 | - | €1,394 | +€1,394 | |
| Total equity and liabilities | 10/49 | €209,451 | €220,654 | +€11,203 | +5.3% |
| Equity | 10/15 | €39,175 | €39,864 | +€689 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,440 | €10,440 | = | 0.0% |
| Distributable reserves | 133 | €10,440 | €10,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,135 | €10,824 | +€689 | +6.8% |
| Amounts payable | 17/49 | €170,276 | €180,790 | +€10,514 | +6.2% |
| Amounts payable within one year | 42/48 | €170,276 | €180,790 | +€10,514 | +6.2% |
| Trade debts | 44 | €10,746 | €32,354 | +€21,608 | +201.1% |
| Suppliers | 440/4 | €10,746 | €32,354 | +€21,608 | +201.1% |
| Taxes, remuneration and social security | 45 | €11,996 | €2,086 | -€9,910 | -82.6% |
| Taxes | 450/3 | €11,996 | €2,086 | -€9,910 | -82.6% |
| Other amounts payable | 47/48 | €147,534 | €146,350 | -€1,184 | -0.8% |
| Remuneration, social security and pensions | 62 | €277 | €382 | +€105 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,566 | €29,996 | +€8,430 | +39.1% |
| Other operating charges | 640/8 | €2,176 | €7,078 | +€4,902 | +225.3% |
| Gross operating margin | 9900 | €43,662 | €39,426 | -€4,236 | -9.7% |
| Operating profit (loss) | 9901 | €19,643 | €1,970 | -€17,673 | -90.0% |
| Financial income | 75/76B | €3 | €16 | +€13 | +433.3% |
| Recurring financial income | 75 | €3 | €16 | +€13 | +433.3% |
| Financial charges | 65/66B | €129 | €72 | -€57 | -44.2% |
| Recurring financial charges | 65 | €129 | €72 | -€57 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €19,517 | €1,914 | -€17,603 | -90.2% |
| Income taxes | 67/77 | €3,628 | €1,225 | -€2,403 | -66.2% |
| Profit (loss) for the period | 9904 | €15,889 | €689 | -€15,200 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,889 | €689 | -€15,200 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.