E.M.Y.: 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.Y.
Largest movements
- Tangible fixed assets -€17,195
down €17,195 (-28.5%), from €60,366 to €43,171
of which Furniture and vehicles: -€16,387
- Cash +€6,216
up €6,216 (+12.5%), from €49,808 to €56,024
mainly Depreciation (+€16,632) and Net result for the year (+€13,506)
- Receivables within one year -€3,597
down €3,597 (-40.7%), from €8,840 to €5,244
of which Trade receivables: -€4,932
- Deferred charges and accrued income -€2,999
down €2,999 (-46.9%), from €6,393 to €3,394
- Trade debts -€13,689
down €13,689 (-89.7%), from €15,268 to €1,579
- Reserves +€13,506
up €13,506 (+25.7%), from €52,605 to €66,111
of which Distributable reserves: +€13,506
- Debts after one year -€11,828
down €11,828 (-56.0%), from €21,104 to €9,276
- Tax, wage and social debts -€4,425
down €4,425 (-69.9%), from €6,331 to €1,906
of which Taxes: -€4,425
- Other debts -€2,019
down €2,019 (-100%), from €2,019 to €0
- Gross operating margin +€21,389
up €21,389 (+73.8%), from €28,969 to €50,358
- Financial charges +€7,672
up €7,672 (+223%), from €3,445 to €11,117
- Taxes +€4,764
up €4,764 (+221%), from €2,156 to €6,920
- Other operating charges -€707
down €707 (-26.0%), from €2,716 to €2,009
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 | €127,165 | €109,301 | -€17,864 | -14.0% |
| Fixed assets | 21/28 | €60,366 | €43,171 | -€17,195 | -28.5% |
| Tangible fixed assets | 22/27 | €60,366 | €43,171 | -€17,195 | -28.5% |
| Plant, machinery and equipment | 23 | €1,419 | €611 | -€809 | -57.0% |
| Furniture and vehicles | 24 | €58,947 | €42,560 | -€16,387 | -27.8% |
| Current assets | 29/58 | €66,799 | €66,130 | -€669 | -1.0% |
| Stocks and contracts in progress | 3 | €1,758 | €1,469 | -€289 | -16.4% |
| Stocks | 30/36 | €1,758 | €1,469 | -€289 | -16.4% |
| Amounts receivable within one year | 40/41 | €8,840 | €5,244 | -€3,597 | -40.7% |
| Trade receivables | 40 | €5,493 | €561 | -€4,932 | -89.8% |
| Other amounts receivable | 41 | €3,348 | €4,683 | +€1,335 | +39.9% |
| Cash at bank and in hand | 54/58 | €49,808 | €56,024 | +€6,216 | +12.5% |
| Deferred charges and accrued income | 490/1 | €6,393 | €3,394 | -€2,999 | -46.9% |
| Total equity and liabilities | 10/49 | €127,165 | €109,301 | -€17,864 | -14.0% |
| Equity | 10/15 | €71,205 | €84,711 | +€13,506 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,605 | €66,111 | +€13,506 | +25.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,745 | €64,251 | +€13,506 | +26.6% |
| Amounts payable | 17/49 | €55,960 | €24,590 | -€31,370 | -56.1% |
| Amounts payable after more than one year | 17 | €21,104 | €9,276 | -€11,828 | -56.0% |
| Financial debts | 170/4 | €21,104 | €9,276 | -€11,828 | -56.0% |
| Amounts payable within one year | 42/48 | €34,856 | €15,313 | -€19,543 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €11,238 | €11,828 | +€590 | +5.2% |
| Trade debts | 44 | €15,268 | €1,579 | -€13,689 | -89.7% |
| Suppliers | 440/4 | €15,268 | €1,579 | -€13,689 | -89.7% |
| Taxes, remuneration and social security | 45 | €6,331 | €1,906 | -€4,425 | -69.9% |
| Taxes | 450/3 | €6,331 | €1,906 | -€4,425 | -69.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,019 | €0 | -€2,019 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,054 | €16,632 | -€422 | -2.5% |
| Other operating charges | 640/8 | €2,716 | €2,009 | -€707 | -26.0% |
| Non-recurring operating charges | 66A | - | €275 | +€275 | |
| Gross operating margin | 9900 | €28,969 | €50,358 | +€21,389 | +73.8% |
| Operating profit (loss) | 9901 | €9,199 | €31,442 | +€22,244 | +242% |
| Financial income | 75/76B | €0 | €100 | +€100 | +26,205% |
| Recurring financial income | 75 | €0 | €100 | +€100 | +26,205% |
| Financial charges | 65/66B | €3,445 | €11,117 | +€7,672 | +223% |
| Recurring financial charges | 65 | €3,445 | €11,117 | +€7,672 | +223% |
| Profit (loss) for the period before taxes | 9903 | €5,754 | €20,426 | +€14,672 | +255% |
| Income taxes | 67/77 | €2,156 | €6,920 | +€4,764 | +221% |
| Profit (loss) for the period | 9904 | €3,598 | €13,506 | +€9,908 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €3,598 | €13,506 | +€9,908 | +275% |
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 14 October 2026 via checked.be.