E.M.V.I²: 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.V.I²
Largest movements
- Cash -€8,540
down €8,540 (-61.5%), from €13,897 to €5,357
mainly Net result for the year (-€11,178) and Debts after one year (-€3,764)
- Tangible fixed assets -€5,683
down €5,683 (-54.8%), from €10,370 to €4,687
of which Leasing and similar rights: -€5,683
- Receivables within one year +€2,022
up €2,022 (+18.9%), from €10,700 to €12,721
of which Other amounts receivable: +€1,680
- Profit (loss) carried forward -€11,178
down €11,178 (-44.5%), from -€25,134 to -€36,312
- Trade debts +€4,172
up €4,172 (+104%), from €4,007 to €8,178
- Debts after one year -€3,764
down €3,764 (-76.8%), from €4,901 to €1,137
- Current portion of long-term debt -€1,181
down €1,181 (-23.9%), from €4,951 to €3,770
- Gross operating margin +€3,584
up €3,584 (+43.8%), from -€8,186 to -€4,602
- Financial charges -€256
down €256 (-34.5%), from €741 to €485
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 | €79,687 | €67,022 | -€12,664 | -15.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,470 | €4,687 | -€5,783 | -55.2% |
| Tangible fixed assets | 22/27 | €10,370 | €4,687 | -€5,683 | -54.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €10,370 | €4,687 | -€5,683 | -54.8% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €69,217 | €62,336 | -€6,881 | -9.9% |
| Stocks and contracts in progress | 3 | €44,524 | €43,793 | -€731 | -1.6% |
| Stocks | 30/36 | €44,524 | €43,793 | -€731 | -1.6% |
| Amounts receivable within one year | 40/41 | €10,700 | €12,721 | +€2,022 | +18.9% |
| Trade receivables | 40 | €10,235 | €10,577 | +€342 | +3.3% |
| Other amounts receivable | 41 | €465 | €2,144 | +€1,680 | +361% |
| Cash at bank and in hand | 54/58 | €13,897 | €5,357 | -€8,540 | -61.5% |
| Deferred charges and accrued income | 490/1 | €96 | €464 | +€368 | +385% |
| Total equity and liabilities | 10/49 | €79,687 | €67,022 | -€12,664 | -15.9% |
| Equity | 10/15 | €64,897 | €53,720 | -€11,178 | -17.2% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | €67,000 | = | 0.0% |
| Issued capital | 100 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €23,031 | €23,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Legal reserve | 130 | €6,700 | €6,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,331 | €16,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,134 | -€36,312 | -€11,178 | -44.5% |
| Amounts payable | 17/49 | €14,789 | €13,303 | -€1,487 | -10.1% |
| Amounts payable after more than one year | 17 | €4,901 | €1,137 | -€3,764 | -76.8% |
| Financial debts | 170/4 | €4,901 | €1,137 | -€3,764 | -76.8% |
| Amounts payable within one year | 42/48 | €9,889 | €12,166 | +€2,277 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €4,951 | €3,770 | -€1,181 | -23.9% |
| Trade debts | 44 | €4,007 | €8,178 | +€4,172 | +104% |
| Suppliers | 440/4 | €4,007 | €8,178 | +€4,172 | +104% |
| Taxes, remuneration and social security | 45 | €931 | €218 | -€714 | -76.6% |
| Taxes | 450/3 | €931 | €218 | -€714 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,731 | €5,683 | -€48 | -0.8% |
| Other operating charges | 640/8 | €339 | €407 | +€68 | +20.0% |
| Gross operating margin | 9900 | -€8,186 | -€4,602 | +€3,584 | +43.8% |
| Operating profit (loss) | 9901 | -€14,257 | -€10,692 | +€3,565 | +25.0% |
| Financial charges | 65/66B | €741 | €485 | -€256 | -34.5% |
| Recurring financial charges | 65 | €741 | €485 | -€256 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,998 | -€11,178 | +€3,820 | +25.5% |
| Profit (loss) for the period | 9904 | -€14,998 | -€11,178 | +€3,820 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,998 | -€11,178 | +€3,820 | +25.5% |
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 28 October 2026 via checked.be.