Emalgis BV: what changed
Two fiscal 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.
Emalgis BV
Largest movements
- Receivables after one year +€80,000
new in 2025: €80,000
- Receivables within one year -€15,102
down €15,102 (-86.1%), from €17,530 to €2,429
of which Trade receivables: -€16,736
- Cash +€8,559
up €8,559 (+8.3%), from €102,544 to €111,103
mainly Net result for the year (+€64,830) and Receivables within one year (+€15,102)
- Tangible fixed assets +€3,911
up €3,911 (+19.9%), from €19,644 to €23,555
of which Other tangible fixed assets: +€4,323
- Reserves +€64,830
up €64,830 (+65.3%), from €99,327 to €164,157
- Tax, wage and social debts +€11,482
up €11,482 (+28.4%), from €40,378 to €51,860
of which Taxes: +€11,482
- Trade debts +€2,323
up €2,323 (+145.4%), from €1,598 to €3,921
- Gross operating margin -€15,506
down €15,506 (-15.1%), from €102,369 to €86,863
- Taxes -€2,725
down €2,725 (-13.6%), from €20,037 to €17,312
- Depreciation +€1,405
up €1,405 (+74.9%), from €1,875 to €3,279
- Financial income +€1,254
new in 2025: €1,254
- Financial charges -€1,252
down €1,252 (-34.5%), from €3,631 to €2,378
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 | €145,226 | €222,437 | +€77,212 | +53.2% |
| Fixed assets | 21/28 | €19,644 | €23,555 | +€3,911 | +19.9% |
| Tangible fixed assets | 22/27 | €19,644 | €23,555 | +€3,911 | +19.9% |
| Plant, machinery and equipment | 23 | €1,433 | €1,061 | -€372 | -26.0% |
| Furniture and vehicles | 24 | €2,732 | €2,691 | -€40 | -1.5% |
| Other tangible fixed assets | 26 | €15,479 | €19,802 | +€4,323 | +27.9% |
| Current assets | 29/58 | €125,582 | €198,883 | +€73,301 | +58.4% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €17,530 | €2,429 | -€15,102 | -86.1% |
| Trade receivables | 40 | €17,424 | €688 | -€16,736 | -96.1% |
| Other amounts receivable | 41 | €106 | €1,741 | +€1,635 | +1539.6% |
| Cash at bank and in hand | 54/58 | €102,544 | €111,103 | +€8,559 | +8.3% |
| Deferred charges and accrued income | 490/1 | €5,507 | €5,351 | -€156 | -2.8% |
| Total equity and liabilities | 10/49 | €145,226 | €222,437 | +€77,212 | +53.2% |
| Equity | 10/15 | €101,827 | €166,657 | +€64,830 | +63.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €99,327 | €164,157 | +€64,830 | +65.3% |
| Distributable reserves | 133 | €99,327 | €164,157 | +€64,830 | +65.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,399 | €55,781 | +€12,382 | +28.5% |
| Amounts payable within one year | 42/48 | €43,310 | €55,781 | +€12,471 | +28.8% |
| Trade debts | 44 | €1,598 | €3,921 | +€2,323 | +145.4% |
| Suppliers | 440/4 | €1,598 | €3,921 | +€2,323 | +145.4% |
| Taxes, remuneration and social security | 45 | €40,378 | €51,860 | +€11,482 | +28.4% |
| Taxes | 450/3 | €40,378 | €51,860 | +€11,482 | +28.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,334 | €0 | -€1,334 | -100.0% |
| Accrued charges and deferred income | 492/3 | €89 | €0 | -€89 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €3,279 | +€1,405 | +74.9% |
| Other operating charges | 640/8 | €168 | €317 | +€149 | +89.0% |
| Gross operating margin | 9900 | €102,369 | €86,863 | -€15,506 | -15.1% |
| Operating profit (loss) | 9901 | €100,327 | €83,267 | -€17,060 | -17.0% |
| Financial income | 75/76B | - | €1,254 | +€1,254 | |
| Recurring financial income | 75 | - | €1,254 | +€1,254 | |
| Financial charges | 65/66B | €3,631 | €2,378 | -€1,252 | -34.5% |
| Recurring financial charges | 65 | €3,631 | €2,378 | -€1,252 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €96,696 | €82,142 | -€14,554 | -15.1% |
| Income taxes | 67/77 | €20,037 | €17,312 | -€2,725 | -13.6% |
| Profit (loss) for the period | 9904 | €76,659 | €64,830 | -€11,829 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,659 | €64,830 | -€11,829 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.