E.M.K.A.: 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.
E.M.K.A.
Largest movements
- Tangible fixed assets -€26,132
down €26,132 (-20.9%), from €125,251 to €99,119
of which Plant, machinery and equipment: -€19,137
- Receivables within one year +€4,586
up €4,586 (+2.0%), from €228,774 to €233,360
of which Other amounts receivable: +€4,544
- Trade debts -€262,710
down €262,710 (-62.0%), from €423,813 to €161,103
- Debts after one year +€203,782
up €203,782 (+339%), from €60,191 to €263,973
of which Other amounts payable: +€211,000
- Profit (loss) carried forward +€30,061
up €30,061 (+17.5%), from -€171,945 to -€141,883
- Tax, wage and social debts +€6,331
up €6,331 (+45.5%), from €13,919 to €20,251
of which Taxes: +€8,913
- Staff costs -€33,226
down €33,226 (-100.0%), from €33,234 to €8
- Gross operating margin -€20,422
down €20,422 (-20.4%), from €100,351 to €79,929
- Other operating charges -€5,796
down €5,796 (-23.8%), from €24,357 to €18,561
- Depreciation +€2,984
up €2,984 (+10.3%), from €28,989 to €31,973
- Financial charges -€1,152
down €1,152 (-17.7%), from €6,502 to €5,351
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 | €378,273 | €357,568 | -€20,705 | -5.5% |
| Fixed assets | 21/28 | €140,261 | €114,129 | -€26,132 | -18.6% |
| Tangible fixed assets | 22/27 | €125,251 | €99,119 | -€26,132 | -20.9% |
| Plant, machinery and equipment | 23 | €109,710 | €90,573 | -€19,137 | -17.4% |
| Furniture and vehicles | 24 | €15,541 | €8,546 | -€6,995 | -45.0% |
| Financial fixed assets | 28 | €15,010 | €15,010 | = | 0.0% |
| Current assets | 29/58 | €238,011 | €243,438 | +€5,427 | +2.3% |
| Amounts receivable within one year | 40/41 | €228,774 | €233,360 | +€4,586 | +2.0% |
| Trade receivables | 40 | €120,753 | €120,794 | +€41 | 0.0% |
| Other amounts receivable | 41 | €108,021 | €112,566 | +€4,544 | +4.2% |
| Cash at bank and in hand | 54/58 | €6,230 | €5,228 | -€1,001 | -16.1% |
| Deferred charges and accrued income | 490/1 | €3,007 | €4,850 | +€1,843 | +61.3% |
| Total equity and liabilities | 10/49 | €378,273 | €357,568 | -€20,705 | -5.5% |
| Equity | 10/15 | -€151,485 | -€121,423 | +€30,061 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,945 | -€141,883 | +€30,061 | +17.5% |
| Amounts payable | 17/49 | €529,757 | €478,991 | -€50,766 | -9.6% |
| Amounts payable after more than one year | 17 | €60,191 | €263,973 | +€203,782 | +339% |
| Financial debts | 170/4 | €15,191 | €7,973 | -€7,218 | -47.5% |
| Other amounts payable | 178/9 | €45,000 | €256,000 | +€211,000 | +469% |
| Amounts payable within one year | 42/48 | €466,640 | €213,186 | -€253,454 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €6,535 | €7,218 | +€683 | +10.5% |
| Financial debts | 43 | €22,373 | €24,614 | +€2,241 | +10.0% |
| Credit institutions | 430/8 | €22,373 | €24,614 | +€2,241 | +10.0% |
| Trade debts | 44 | €423,813 | €161,103 | -€262,710 | -62.0% |
| Suppliers | 440/4 | €423,813 | €161,103 | -€262,710 | -62.0% |
| Taxes, remuneration and social security | 45 | €13,919 | €20,251 | +€6,331 | +45.5% |
| Taxes | 450/3 | €9,338 | €18,251 | +€8,913 | +95.4% |
| Remuneration and social security | 454/9 | €4,581 | €2,000 | -€2,581 | -56.3% |
| Accrued charges and deferred income | 492/3 | €2,927 | €1,832 | -€1,094 | -37.4% |
| Non-recurring operating income | 76A | €0 | €26,683 | +€26,683 | |
| Remuneration, social security and pensions | 62 | €33,234 | €8 | -€33,226 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,989 | €31,973 | +€2,984 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €24,357 | €18,561 | -€5,796 | -23.8% |
| Gross operating margin | 9900 | €100,351 | €79,929 | -€20,422 | -20.4% |
| Operating profit (loss) | 9901 | €13,771 | €29,386 | +€15,616 | +113% |
| Financial income | 75/76B | €6,296 | €6,026 | -€270 | -4.3% |
| Recurring financial income | 75 | €6,296 | €6,026 | -€270 | -4.3% |
| Financial charges | 65/66B | €6,502 | €5,351 | -€1,152 | -17.7% |
| Recurring financial charges | 65 | €6,502 | €5,351 | -€1,152 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €13,564 | €30,061 | +€16,497 | +122% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €13,564 | €30,061 | +€16,497 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €13,564 | €30,061 | +€16,497 | +122% |
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 27 October 2026 via checked.be.