EMA KOYCU: what changed
EMA KOYCU
Largest movements
- Tangible fixed assets -€13,147
down €13,147 (-26.3%), from €49,962 to €36,815
of which Leasing and similar rights: -€12,106
- Receivables within one year +€10,828
up €10,828 (+159%), from €6,800 to €17,628
- Stocks and contracts -€1,635
down €1,635 (-22.9%), from €7,145 to €5,510
- Debts after one year -€11,507
down €11,507 (-25.6%), from €45,009 to €33,502
- Other debts +€3,162
up €3,162 (+78.4%), from €4,032 to €7,194
- Tax, wage and social debts +€1,737
up €1,737 (+84.8%), from €2,047 to €3,784
of which Taxes: +€3,075
- Trade debts +€1,262
up €1,262 (+717%), from €176 to €1,439
- Current portion of long-term debt +€956
up €956 (+9.1%), from €10,551 to €11,507
- Other operating charges -€33,188
down €33,188 (-95.8%), from €34,628 to €1,440
- Gross operating margin -€30,735
down €30,735 (-60.7%), from €50,604 to €19,870
- Financial charges +€2,094
up €2,094 (+74.6%), from €2,806 to €4,900
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,475 | €60,469 | -€4,006 | -6.2% |
| Fixed assets | 21/28 | €49,962 | €36,880 | -€13,082 | -26.2% |
| Tangible fixed assets | 22/27 | €49,962 | €36,815 | -€13,147 | -26.3% |
| Furniture and vehicles | 24 | €1,537 | €496 | -€1,041 | -67.7% |
| Leasing and similar rights | 25 | €48,426 | €36,319 | -€12,106 | -25.0% |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €14,513 | €23,589 | +€9,076 | +62.5% |
| Stocks and contracts in progress | 3 | €7,145 | €5,510 | -€1,635 | -22.9% |
| Stocks | 30/36 | €7,145 | €5,510 | -€1,635 | -22.9% |
| Amounts receivable within one year | 40/41 | €6,800 | €17,628 | +€10,828 | +159% |
| Trade receivables | 40 | €6,800 | €17,628 | +€10,828 | +159% |
| Cash at bank and in hand | 54/58 | €568 | €450 | -€117 | -20.7% |
| Total equity and liabilities | 10/49 | €64,475 | €60,469 | -€4,006 | -6.2% |
| Equity | 10/15 | €2,659 | €3,043 | +€384 | +14.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €659 | €1,043 | +€384 | +58.2% |
| Amounts payable | 17/49 | €61,816 | €57,426 | -€4,390 | -7.1% |
| Amounts payable after more than one year | 17 | €45,009 | €33,502 | -€11,507 | -25.6% |
| Financial debts | 170/4 | €45,009 | €33,502 | -€11,507 | -25.6% |
| Amounts payable within one year | 42/48 | €16,807 | €23,923 | +€7,117 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €10,551 | €11,507 | +€956 | +9.1% |
| Trade debts | 44 | €176 | €1,439 | +€1,262 | +717% |
| Suppliers | 440/4 | €176 | €1,439 | +€1,262 | +717% |
| Taxes, remuneration and social security | 45 | €2,047 | €3,784 | +€1,737 | +84.8% |
| Taxes | 450/3 | €710 | €3,784 | +€3,075 | +433% |
| Remuneration and social security | 454/9 | €1,338 | - | -€1,338 | |
| Other amounts payable | 47/48 | €4,032 | €7,194 | +€3,162 | +78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,147 | €13,147 | +€0 | 0.0% |
| Other operating charges | 640/8 | €34,628 | €1,440 | -€33,188 | -95.8% |
| Gross operating margin | 9900 | €50,604 | €19,870 | -€30,735 | -60.7% |
| Operating profit (loss) | 9901 | €2,830 | €5,283 | +€2,453 | +86.7% |
| Financial charges | 65/66B | €2,806 | €4,900 | +€2,094 | +74.6% |
| Recurring financial charges | 65 | €2,806 | €4,900 | +€2,094 | +74.6% |
| Profit (loss) for the period before taxes | 9903 | €24 | €384 | +€360 | +1,497% |
| Income taxes | 67/77 | €16 | - | -€16 | |
| Profit (loss) for the period | 9904 | €8 | €384 | +€376 | +4,935% |
| Profit (loss) for the period to be appropriated | 9905 | €8 | €384 | +€376 | +4,935% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.