Emagit: 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.
Emagit
Largest movements
- Tangible fixed assets +€42,799
up €42,799 (+13.2%), from €323,236 to €366,035
of which Land and buildings: +€44,037
- Cash -€31,642
down €31,642 (-69.0%), from €45,842 to €14,199
mainly Contributions, distributions and other (-€74,947) and Investment in fixed assets (net) (-€61,990)
- Current investments +€16,871
new in 2025: €16,871
- Receivables within one year +€14,681
up €14,681 (+83.6%), from €17,568 to €32,249
of which Trade receivables: +€12,201
- Profit (loss) carried forward -€72,232
down €72,232 (-96.4%), from €74,947 to €2,715
- Other debts +€60,920
up €60,920 (+146.5%), from €41,585 to €102,505
- Debts after one year +€33,577
up €33,577 (+15.9%), from €211,357 to €244,934
- Tax, wage and social debts +€14,739
up €14,739 (+235.2%), from €6,266 to €21,005
of which Taxes: +€14,739
- Current portion of long-term debt +€4,672
up €4,672 (+22.3%), from €20,970 to €25,642
- Gross operating margin -€15,558
down €15,558 (-30.9%), from €50,303 to €34,745
- Taxes -€4,972
down €4,972 (-96.0%), from €5,177 to €205
- Other operating charges +€3,118
up €3,118 (+190.5%), from €1,637 to €4,755
- Financial charges +€2,265
up €2,265 (+34.0%), from €6,663 to €8,928
- Depreciation +€1,439
up €1,439 (+8.1%), from €17,752 to €19,191
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 | €390,963 | €433,207 | +€42,244 | +10.8% |
| Fixed assets | 21/28 | €323,236 | €366,035 | +€42,799 | +13.2% |
| Tangible fixed assets | 22/27 | €323,236 | €366,035 | +€42,799 | +13.2% |
| Land and buildings | 22 | €318,113 | €362,150 | +€44,037 | +13.8% |
| Plant, machinery and equipment | 23 | €3,080 | €2,707 | -€373 | -12.1% |
| Furniture and vehicles | 24 | €2,043 | €1,178 | -€865 | -42.4% |
| Current assets | 29/58 | €67,727 | €67,172 | -€555 | -0.8% |
| Amounts receivable within one year | 40/41 | €17,568 | €32,249 | +€14,681 | +83.6% |
| Trade receivables | 40 | €15,122 | €27,323 | +€12,201 | +80.7% |
| Other amounts receivable | 41 | €2,446 | €4,927 | +€2,481 | +101.4% |
| Current investments | 50/53 | - | €16,871 | +€16,871 | |
| Cash at bank and in hand | 54/58 | €45,842 | €14,199 | -€31,642 | -69.0% |
| Deferred charges and accrued income | 490/1 | €4,318 | €3,853 | -€465 | -10.8% |
| Total equity and liabilities | 10/49 | €390,963 | €433,207 | +€42,244 | +10.8% |
| Equity | 10/15 | €108,418 | €35,266 | -€73,152 | -67.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,871 | €13,951 | -€920 | -6.2% |
| Tax-exempt reserves | 132 | €13,951 | €13,951 | = | 0.0% |
| Distributable reserves | 133 | €920 | €0 | -€920 | -100.0% |
| Profit (loss) carried forward | 14 | €74,947 | €2,715 | -€72,232 | -96.4% |
| Amounts payable | 17/49 | €282,545 | €397,940 | +€115,396 | +40.8% |
| Amounts payable after more than one year | 17 | €211,357 | €244,934 | +€33,577 | +15.9% |
| Financial debts | 170/4 | €211,357 | €244,934 | +€33,577 | +15.9% |
| Amounts payable within one year | 42/48 | €71,188 | €153,007 | +€81,819 | +114.9% |
| Current portion of amounts payable after more than one year | 42 | €20,970 | €25,642 | +€4,672 | +22.3% |
| Trade debts | 44 | €2,366 | €3,855 | +€1,488 | +62.9% |
| Suppliers | 440/4 | €2,366 | €3,855 | +€1,488 | +62.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,266 | €21,005 | +€14,739 | +235.2% |
| Taxes | 450/3 | €6,266 | €21,005 | +€14,739 | +235.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €41,585 | €102,505 | +€60,920 | +146.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,752 | €19,191 | +€1,439 | +8.1% |
| Other operating charges | 640/8 | €1,637 | €4,755 | +€3,118 | +190.5% |
| Gross operating margin | 9900 | €50,303 | €34,745 | -€15,558 | -30.9% |
| Operating profit (loss) | 9901 | €30,914 | €10,799 | -€20,115 | -65.1% |
| Financial income | 75/76B | €421 | €129 | -€292 | -69.3% |
| Recurring financial income | 75 | €421 | €129 | -€292 | -69.3% |
| Financial charges | 65/66B | €6,663 | €8,928 | +€2,265 | +34.0% |
| Recurring financial charges | 65 | €6,663 | €8,928 | +€2,265 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €24,672 | €2,000 | -€22,672 | -91.9% |
| Income taxes | 67/77 | €5,177 | €205 | -€4,972 | -96.0% |
| Profit (loss) for the period | 9904 | €19,494 | €1,795 | -€17,700 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,494 | €1,795 | -€17,700 | -90.8% |
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 12 October 2026 via checked.be.