EMAQUE: what changed
EMAQUE
Largest movements
- Receivables within one year -€93,190
down €93,190 (-38.3%), from €243,580 to €150,390
of which Other amounts receivable: -€82,640
- Tangible fixed assets -€6,368
down €6,368 (-23.0%), from €27,744 to €21,376
of which Plant, machinery and equipment: -€3,520
- Trade debts -€156,046
down €156,046 (-46.3%), from €337,295 to €181,249
- Other debts +€39,651
new in 2025: €39,651
- Tax, wage and social debts +€10,778
up €10,778 (+10.8%), from €99,432 to €110,210
of which Remuneration and social security: +€12,021
- Profit (loss) carried forward +€4,746
up €4,746 (+3.3%), from -€145,587 to -€140,840
- Gross operating margin +€141,366
up €141,366 (+44.0%), from €321,390 to €462,757
- Staff costs +€73,110
up €73,110 (+19.7%), from €372,028 to €445,138
- Financial income -€4,764
no longer reported in 2025 (was €4,764)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,140 | €205,269 | -€100,871 | -32.9% |
| Fixed assets | 21/28 | €27,744 | €21,376 | -€6,368 | -23.0% |
| Tangible fixed assets | 22/27 | €27,744 | €21,376 | -€6,368 | -23.0% |
| Plant, machinery and equipment | 23 | €11,865 | €8,345 | -€3,520 | -29.7% |
| Other tangible fixed assets | 26 | €15,879 | €13,031 | -€2,848 | -17.9% |
| Current assets | 29/58 | €278,396 | €183,894 | -€94,503 | -33.9% |
| Stocks and contracts in progress | 3 | €34,817 | €33,504 | -€1,313 | -3.8% |
| Stocks | 30/36 | €34,817 | €33,504 | -€1,313 | -3.8% |
| Amounts receivable within one year | 40/41 | €243,580 | €150,390 | -€93,190 | -38.3% |
| Trade receivables | 40 | €160,790 | €150,240 | -€10,550 | -6.6% |
| Other amounts receivable | 41 | €82,790 | €150 | -€82,640 | -99.8% |
| Total equity and liabilities | 10/49 | €306,140 | €205,269 | -€100,871 | -32.9% |
| Equity | 10/15 | -€130,587 | -€125,840 | +€4,746 | +3.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,587 | -€140,840 | +€4,746 | +3.3% |
| Amounts payable | 17/49 | €436,727 | €331,110 | -€105,617 | -24.2% |
| Amounts payable within one year | 42/48 | €436,727 | €331,110 | -€105,617 | -24.2% |
| Trade debts | 44 | €337,295 | €181,249 | -€156,046 | -46.3% |
| Suppliers | 440/4 | €337,295 | €181,249 | -€156,046 | -46.3% |
| Taxes, remuneration and social security | 45 | €99,432 | €110,210 | +€10,778 | +10.8% |
| Taxes | 450/3 | €30,957 | €29,714 | -€1,243 | -4.0% |
| Remuneration and social security | 454/9 | €68,474 | €80,496 | +€12,021 | +17.6% |
| Other amounts payable | 47/48 | - | €39,651 | +€39,651 | |
| Remuneration, social security and pensions | 62 | €372,028 | €445,138 | +€73,110 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,423 | €8,955 | +€532 | +6.3% |
| Other operating charges | 640/8 | €336 | €1,799 | +€1,463 | +435% |
| Gross operating margin | 9900 | €321,390 | €462,757 | +€141,366 | +44.0% |
| Operating profit (loss) | 9901 | -€59,396 | €6,865 | +€66,261 | |
| Financial income | 75/76B | €4,764 | - | -€4,764 | |
| Recurring financial income | 75 | €4,764 | - | -€4,764 | |
| Financial charges | 65/66B | €274 | €1,668 | +€1,395 | +509% |
| Recurring financial charges | 65 | €274 | €1,668 | +€1,395 | +509% |
| Profit (loss) for the period before taxes | 9903 | -€54,906 | €5,196 | +€60,102 | |
| Income taxes | 67/77 | €146 | €450 | +€304 | +208% |
| Profit (loss) for the period | 9904 | -€55,052 | €4,746 | +€59,799 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,052 | €4,746 | +€59,799 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.