EMALIS: 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.
EMALIS
Largest movements
- Cash -€35,460
down €35,460 (-46.8%), from €75,744 to €40,284
mainly Contributions, distributions and other (-€124,169) and Debts after one year (-€7,540)
- Tangible fixed assets -€12,207
down €12,207 (-25.5%), from €47,839 to €35,632
of which Furniture and vehicles: -€11,632
- Reserves -€106,243
down €106,243 (-67.7%), from €156,870 to €50,627
- Other debts +€53,613
up €53,613 (+147.6%), from €36,312 to €89,925
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Debts after one year -€7,540
down €7,540 (-32.3%), from €23,363 to €15,823
- Gross operating margin -€65,595
down €65,595 (-54.2%), from €120,969 to €55,374
- Taxes -€13,400
down €13,400 (-54.1%), from €24,791 to €11,391
- Depreciation +€11,219
up €11,219 (+1135.5%), from €988 to €12,207
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 | €243,676 | €198,275 | -€45,401 | -18.6% |
| Fixed assets | 21/28 | €167,932 | €155,726 | -€12,207 | -7.3% |
| Tangible fixed assets | 22/27 | €47,839 | €35,632 | -€12,207 | -25.5% |
| Furniture and vehicles | 24 | €45,575 | €33,943 | -€11,632 | -25.5% |
| Other tangible fixed assets | 26 | €2,263 | €1,689 | -€575 | -25.4% |
| Financial fixed assets | 28 | €120,094 | €120,094 | = | 0.0% |
| Current assets | 29/58 | €75,744 | €42,550 | -€33,194 | -43.8% |
| Amounts receivable within one year | 40/41 | - | €2,266 | +€2,266 | |
| Other amounts receivable | 41 | - | €2,266 | +€2,266 | |
| Cash at bank and in hand | 54/58 | €75,744 | €40,284 | -€35,460 | -46.8% |
| Total equity and liabilities | 10/49 | €243,676 | €198,275 | -€45,401 | -18.6% |
| Equity | 10/15 | €163,070 | €69,227 | -€93,843 | -57.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €156,870 | €50,627 | -€106,243 | -67.7% |
| Distributable reserves | 133 | €156,870 | €50,627 | -€106,243 | -67.7% |
| Amounts payable | 17/49 | €80,606 | €129,048 | +€48,442 | +60.1% |
| Amounts payable after more than one year | 17 | €23,363 | €15,823 | -€7,540 | -32.3% |
| Financial debts | 170/4 | €23,363 | €15,823 | -€7,540 | -32.3% |
| Amounts payable within one year | 42/48 | €57,243 | €113,225 | +€55,982 | +97.8% |
| Current portion of amounts payable after more than one year | 42 | €7,303 | €7,540 | +€237 | +3.2% |
| Taxes, remuneration and social security | 45 | €13,629 | €15,760 | +€2,132 | +15.6% |
| Taxes | 450/3 | €13,629 | €15,760 | +€2,132 | +15.6% |
| Other amounts payable | 47/48 | €36,312 | €89,925 | +€53,613 | +147.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988 | €12,207 | +€11,219 | +1135.5% |
| Other operating charges | 640/8 | €1,249 | €400 | -€849 | -68.0% |
| Gross operating margin | 9900 | €120,969 | €55,374 | -€65,595 | -54.2% |
| Operating profit (loss) | 9901 | €118,732 | €42,768 | -€75,965 | -64.0% |
| Financial income | 75/76B | €14 | €20 | +€6 | +44.7% |
| Recurring financial income | 75 | €14 | €20 | +€6 | +44.7% |
| Financial charges | 65/66B | €204 | €1,070 | +€867 | +425.2% |
| Recurring financial charges | 65 | €204 | €1,070 | +€867 | +425.2% |
| Profit (loss) for the period before taxes | 9903 | €118,542 | €41,717 | -€76,825 | -64.8% |
| Income taxes | 67/77 | €24,791 | €11,391 | -€13,400 | -54.1% |
| Profit (loss) for the period | 9904 | €93,751 | €30,326 | -€63,425 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,751 | €30,326 | -€63,425 | -67.7% |
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.