EMATCO: 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.
EMATCO
Largest movements
- Cash +€54,952
up €54,952 (+16.8%), from €326,397 to €381,349
mainly Net result for the year (+€80,206) and Investment in fixed assets (net) (+€8,772)
- Receivables within one year +€29,634
up €29,634 (+64.1%), from €46,196 to €75,830
of which Trade receivables: +€29,634
- Tangible fixed assets -€10,022
down €10,022 (-84.5%), from €11,854 to €1,833
- Reserves +€80,206
up €80,206 (+24.9%), from €321,984 to €402,189
of which Distributable reserves: +€80,206
- Trade debts -€9,789
down €9,789 (-54.2%), from €18,075 to €8,286
- Tax, wage and social debts +€7,198
up €7,198 (+27.1%), from €26,605 to €33,803
- Gross operating margin +€20,310
up €20,310 (+21.4%), from €94,953 to €115,262
- Taxes +€9,368
up €9,368 (+39.4%), from €23,747 to €33,115
- Depreciation -€7,987
down €7,987 (-86.5%), from €9,237 to €1,250
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 | €385,528 | €460,210 | +€74,682 | +19.4% |
| Fixed assets | 21/28 | €11,854 | €1,833 | -€10,022 | -84.5% |
| Tangible fixed assets | 22/27 | €11,854 | €1,833 | -€10,022 | -84.5% |
| Furniture and vehicles | 24 | €11,854 | €1,833 | -€10,022 | -84.5% |
| Current assets | 29/58 | €373,674 | €458,377 | +€84,703 | +22.7% |
| Amounts receivable within one year | 40/41 | €46,196 | €75,830 | +€29,634 | +64.1% |
| Trade receivables | 40 | €46,196 | €75,830 | +€29,634 | +64.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €326,397 | €381,349 | +€54,952 | +16.8% |
| Deferred charges and accrued income | 490/1 | €1,081 | €1,198 | +€117 | +10.8% |
| Total equity and liabilities | 10/49 | €385,528 | €460,210 | +€74,682 | +19.4% |
| Equity | 10/15 | €334,384 | €414,589 | +€80,206 | +24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €321,984 | €402,189 | +€80,206 | +24.9% |
| Tax-exempt reserves | 132 | €351 | €351 | = | 0.0% |
| Distributable reserves | 133 | €321,633 | €401,839 | +€80,206 | +24.9% |
| Amounts payable | 17/49 | €51,144 | €45,620 | -€5,524 | -10.8% |
| Amounts payable after more than one year | 17 | €1,718 | €0 | -€1,718 | -100.0% |
| Financial debts | 170/4 | €1,718 | €0 | -€1,718 | -100.0% |
| Amounts payable within one year | 42/48 | €49,426 | €45,533 | -€3,893 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €4,085 | €1,718 | -€2,367 | -57.9% |
| Trade debts | 44 | €18,075 | €8,286 | -€9,789 | -54.2% |
| Suppliers | 440/4 | €18,075 | €8,286 | -€9,789 | -54.2% |
| Taxes, remuneration and social security | 45 | €26,605 | €33,803 | +€7,198 | +27.1% |
| Taxes | 450/3 | €26,605 | €33,803 | +€7,198 | +27.1% |
| Other amounts payable | 47/48 | €661 | €1,726 | +€1,065 | +160.9% |
| Accrued charges and deferred income | 492/3 | - | €87 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,237 | €1,250 | -€7,987 | -86.5% |
| Other operating charges | 640/8 | €820 | €1,380 | +€560 | +68.4% |
| Gross operating margin | 9900 | €94,953 | €115,262 | +€20,310 | +21.4% |
| Operating profit (loss) | 9901 | €84,896 | €112,633 | +€27,736 | +32.7% |
| Financial income | 75/76B | €1,497 | €1,932 | +€434 | +29.0% |
| Recurring financial income | 75 | €1,497 | €1,932 | +€434 | +29.0% |
| Financial charges | 65/66B | €499 | €1,243 | +€744 | +149.2% |
| Recurring financial charges | 65 | €499 | €1,243 | +€744 | +149.2% |
| Profit (loss) for the period before taxes | 9903 | €85,895 | €113,321 | +€27,426 | +31.9% |
| Income taxes | 67/77 | €23,747 | €33,115 | +€9,368 | +39.4% |
| Profit (loss) for the period | 9904 | €62,148 | €80,206 | +€18,058 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,148 | €80,206 | +€18,058 | +29.1% |
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 12 October 2026 via checked.be.