EMALMA: 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.
EMALMA
Largest movements
- Cash +€4,691
up €4,691 (+143.3%), from €3,274 to €7,966
mainly Net result for the year (+€4,498) and Other debts (+€1,786)
- Receivables within one year +€3,806
up €3,806 (+27.8%), from €13,678 to €17,484
of which Trade receivables: +€4,701
- Profit (loss) carried forward +€4,498
up €4,498 (+10.6%), from -€42,284 to -€37,786
- Other debts +€1,786
up €1,786 (+8.7%), from €20,482 to €22,268
- Tax, wage and social debts +€1,708
up €1,708 (+39.8%), from €4,287 to €5,995
- Current portion of long-term debt +€1,681
new in 2025: €1,681
- Trade debts -€844
down €844 (-15.1%), from €5,582 to €4,739
- Gross operating margin +€7,593
up €7,593 (+171.7%), from €4,423 to €12,016
- Taxes +€1,036
up €1,036 (+24.2%), from €4,287 to €5,323
- Depreciation -€358
down €358 (-63.7%), from €563 to €205
- Other operating charges +€126
up €126 (+8.7%), from €1,440 to €1,566
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 | €17,157 | €25,450 | +€8,293 | +48.3% |
| Fixed assets | 21/28 | €205 | - | -€205 | |
| Tangible fixed assets | 22/27 | €205 | - | -€205 | |
| Furniture and vehicles | 24 | €205 | - | -€205 | |
| Current assets | 29/58 | €16,952 | €25,450 | +€8,497 | +50.1% |
| Amounts receivable within one year | 40/41 | €13,678 | €17,484 | +€3,806 | +27.8% |
| Trade receivables | 40 | €12,750 | €17,451 | +€4,701 | +36.9% |
| Other amounts receivable | 41 | €928 | €33 | -€895 | -96.4% |
| Cash at bank and in hand | 54/58 | €3,274 | €7,966 | +€4,691 | +143.3% |
| Total equity and liabilities | 10/49 | €17,157 | €25,450 | +€8,293 | +48.3% |
| Equity | 10/15 | -€14,656 | -€10,158 | +€4,498 | +30.7% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €7,223 | €7,223 | = | 0.0% |
| Distributable reserves | 133 | €7,223 | €7,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,284 | -€37,786 | +€4,498 | +10.6% |
| Amounts payable | 17/49 | €31,813 | €35,607 | +€3,795 | +11.9% |
| Amounts payable within one year | 42/48 | €31,813 | €35,607 | +€3,795 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,681 | +€1,681 | |
| Financial debts | 43 | €1,461 | €924 | -€537 | -36.7% |
| Credit institutions | 430/8 | €1,461 | €924 | -€537 | -36.7% |
| Trade debts | 44 | €5,582 | €4,739 | -€844 | -15.1% |
| Suppliers | 440/4 | €5,582 | €4,739 | -€844 | -15.1% |
| Taxes, remuneration and social security | 45 | €4,287 | €5,995 | +€1,708 | +39.8% |
| Taxes | 450/3 | €4,287 | €5,995 | +€1,708 | +39.8% |
| Other amounts payable | 47/48 | €20,482 | €22,268 | +€1,786 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €205 | -€358 | -63.7% |
| Other operating charges | 640/8 | €1,440 | €1,566 | +€126 | +8.7% |
| Gross operating margin | 9900 | €4,423 | €12,016 | +€7,593 | +171.7% |
| Operating profit (loss) | 9901 | €2,420 | €10,245 | +€7,825 | +323.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €497 | €425 | -€73 | -14.6% |
| Recurring financial charges | 65 | €497 | €425 | -€73 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €1,922 | €9,822 | +€7,899 | +410.9% |
| Income taxes | 67/77 | €4,287 | €5,323 | +€1,036 | +24.2% |
| Profit (loss) for the period | 9904 | -€2,365 | €4,498 | +€6,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,365 | €4,498 | +€6,863 |
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 10 October 2026 via checked.be.