EMALISE: 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.
EMALISE
Largest movements
- Current investments -€524,390
down €524,390 (-37.6%), from €1.4m to €868,799
- Cash +€113,079
up €113,079 (+328.5%), from €34,425 to €147,504
mainly Current investments (+€524,390) and Other debts (+€153,211)
- Reserves -€598,698
down €598,698 (-43.7%), from €1.4m to €771,053
of which Distributable reserves: -€598,698
- Other debts +€153,211
up €153,211 (+504.4%), from €30,372 to €183,583
- Tax, wage and social debts +€34,628
up €34,628 (+985.9%), from €3,512 to €38,140
- Financial income +€60,499
up €60,499 (+235.5%), from €25,686 to €86,186
- Taxes +€20,226
up €20,226 (+575.9%), from €3,512 to €23,738
- Other operating charges +€1,762
new in 2025: €1,762
- Financial charges +€629
up €629 (+5.3%), from €11,892 to €12,521
- Gross operating margin +€589
up €589 (+16.5%), from -€3,572 to -€2,983
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 | €1,427,614 | €1,016,303 | -€411,311 | -28.8% |
| Current assets | 29/58 | €1,427,614 | €1,016,303 | -€411,311 | -28.8% |
| Current investments | 50/53 | €1,393,189 | €868,799 | -€524,390 | -37.6% |
| Cash at bank and in hand | 54/58 | €34,425 | €147,504 | +€113,079 | +328.5% |
| Total equity and liabilities | 10/49 | €1,427,614 | €1,016,303 | -€411,311 | -28.8% |
| Equity | 10/15 | €1,388,351 | €789,653 | -€598,698 | -43.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,369,751 | €771,053 | -€598,698 | -43.7% |
| 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 | €1,367,891 | €769,193 | -€598,698 | -43.8% |
| Amounts payable | 17/49 | €39,263 | €226,650 | +€187,386 | +477.3% |
| Amounts payable within one year | 42/48 | €33,884 | €222,122 | +€188,238 | +555.5% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €3,512 | €38,140 | +€34,628 | +985.9% |
| Taxes | 450/3 | €3,512 | €38,140 | +€34,628 | +985.9% |
| Other amounts payable | 47/48 | €30,372 | €183,583 | +€153,211 | +504.4% |
| Accrued charges and deferred income | 492/3 | €5,379 | €4,528 | -€852 | -15.8% |
| Other operating charges | 640/8 | - | €1,762 | +€1,762 | |
| Gross operating margin | 9900 | -€3,572 | -€2,983 | +€589 | +16.5% |
| Operating profit (loss) | 9901 | -€3,572 | -€4,744 | -€1,173 | -32.8% |
| Financial income | 75/76B | €25,686 | €86,186 | +€60,499 | +235.5% |
| Recurring financial income | 75 | €25,686 | €86,186 | +€60,499 | +235.5% |
| Financial charges | 65/66B | €11,892 | €12,521 | +€629 | +5.3% |
| Recurring financial charges | 65 | €11,892 | €12,521 | +€629 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €10,223 | €68,920 | +€58,697 | +574.2% |
| Income taxes | 67/77 | €3,512 | €23,738 | +€20,226 | +575.9% |
| Profit (loss) for the period | 9904 | €6,711 | €45,182 | +€38,471 | +573.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,711 | €45,182 | +€38,471 | +573.3% |
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 2 October 2026 via checked.be.