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
- Receivables within one year -€1,651
down €1,651 (-83.6%), from €1,976 to €324
of which Trade receivables: -€1,778
- Cash -€769
down €769 (-12.8%), from €6,017 to €5,249
mainly Net result for the year (-€1,943) and Other debts (-€1,004)
- Tangible fixed assets -€644
down €644 (-66.9%), from €963 to €319
- Profit (loss) carried forward -€1,943
down €1,943 (-1.7%), from -€114,704 to -€116,647
- Other debts -€1,004
down €1,004 (-1.0%), from €102,792 to €101,788
- Gross operating margin -€3,313
down €3,313, from €2,685 to -€628
- Financial income -€970
no longer reported in 2025 (was €970)
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 | €12,604 | €9,543 | -€3,061 | -24.3% |
| Fixed assets | 21/28 | €963 | €319 | -€644 | -66.9% |
| Tangible fixed assets | 22/27 | €963 | €319 | -€644 | -66.9% |
| Furniture and vehicles | 24 | €963 | €319 | -€644 | -66.9% |
| Current assets | 29/58 | €11,641 | €9,224 | -€2,417 | -20.8% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,976 | €324 | -€1,651 | -83.6% |
| Trade receivables | 40 | €1,783 | €5 | -€1,778 | -99.7% |
| Other amounts receivable | 41 | €192 | €319 | +€126 | +65.8% |
| Cash at bank and in hand | 54/58 | €6,017 | €5,249 | -€769 | -12.8% |
| Deferred charges and accrued income | 490/1 | €149 | €152 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €12,604 | €9,543 | -€3,061 | -24.3% |
| Equity | 10/15 | -€91,657 | -€93,600 | -€1,943 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,447 | €4,447 | = | 0.0% |
| Distributable reserves | 133 | €4,447 | €4,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,704 | -€116,647 | -€1,943 | -1.7% |
| Amounts payable | 17/49 | €104,262 | €103,143 | -€1,118 | -1.1% |
| Amounts payable within one year | 42/48 | €104,262 | €103,143 | -€1,118 | -1.1% |
| Trade debts | 44 | €1,469 | €1,355 | -€115 | -7.8% |
| Suppliers | 440/4 | €1,469 | €1,355 | -€115 | -7.8% |
| Other amounts payable | 47/48 | €102,792 | €101,788 | -€1,004 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644 | €644 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €2,685 | -€628 | -€3,313 | |
| Operating profit (loss) | 9901 | €1,592 | -€1,734 | -€3,325 | |
| Financial income | 75/76B | €970 | - | -€970 | |
| Recurring financial income | 75 | €970 | - | -€970 | |
| Financial charges | 65/66B | €207 | €209 | +€3 | +1.2% |
| Recurring financial charges | 65 | €207 | €209 | +€3 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,355 | -€1,943 | -€4,298 | |
| Profit (loss) for the period | 9904 | €2,355 | -€1,943 | -€4,298 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,355 | -€1,943 | -€4,298 |
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 4 October 2026 via checked.be.