EMC: 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.
EMC
Largest movements
- Tangible fixed assets -€11,024
down €11,024 (-2.9%), from €377,071 to €366,048
of which Land and buildings: -€14,558
- Profit (loss) carried forward -€19,406
down €19,406 (-91.6%), from -€21,190 to -€40,596
- Other debts +€17,415
up €17,415 (+38.5%), from €45,281 to €62,696
- Reserves -€4,260
down €4,260 (-1.5%), from €291,108 to €286,848
of which Tax-exempt reserves: -€4,260
- Current portion of long-term debt -€3,812
down €3,812 (-100.0%), from €3,812 to €0
- Gross operating margin -€10,008
down €10,008, from €6,753 to -€3,255
- Depreciation -€8,084
down €8,084 (-28.1%), from €28,769 to €20,685
- Financial charges -€385
down €385 (-67.1%), from €574 to €189
- Other operating charges -€346
down €346 (-26.6%), from €1,304 to €957
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 | €379,026 | €367,309 | -€11,717 | -3.1% |
| Fixed assets | 21/28 | €377,071 | €366,048 | -€11,024 | -2.9% |
| Tangible fixed assets | 22/27 | €377,071 | €366,048 | -€11,024 | -2.9% |
| Land and buildings | 22 | €375,084 | €360,525 | -€14,558 | -3.9% |
| Plant, machinery and equipment | 23 | €20 | €0 | -€20 | -100.0% |
| Furniture and vehicles | 24 | €1,967 | €5,523 | +€3,555 | +180.7% |
| Current assets | 29/58 | €1,955 | €1,261 | -€693 | -35.5% |
| Cash at bank and in hand | 54/58 | €1,955 | €1,261 | -€693 | -35.5% |
| Total equity and liabilities | 10/49 | €379,026 | €367,309 | -€11,717 | -3.1% |
| Equity | 10/15 | €288,519 | €264,852 | -€23,667 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,108 | €286,848 | -€4,260 | -1.5% |
| Non-distributable reserves | 130/1 | €2,565 | €2,565 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,565 | €2,565 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,543 | €119,283 | -€4,260 | -3.4% |
| Distributable reserves | 133 | €165,000 | €165,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,190 | -€40,596 | -€19,406 | -91.6% |
| Provisions and deferred taxes | 16 | €41,181 | €39,761 | -€1,420 | -3.4% |
| Deferred taxes | 168 | €41,181 | €39,761 | -€1,420 | -3.4% |
| Amounts payable | 17/49 | €49,326 | €62,696 | +€13,370 | +27.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €49,326 | €62,696 | +€13,370 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €3,812 | €0 | -€3,812 | -100.0% |
| Trade debts | 44 | €234 | €0 | -€234 | -100.0% |
| Suppliers | 440/4 | €234 | €0 | -€234 | -100.0% |
| Other amounts payable | 47/48 | €45,281 | €62,696 | +€17,415 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,769 | €20,685 | -€8,084 | -28.1% |
| Other operating charges | 640/8 | €1,304 | €957 | -€346 | -26.6% |
| Gross operating margin | 9900 | €6,753 | -€3,255 | -€10,008 | |
| Operating profit (loss) | 9901 | -€23,320 | -€24,897 | -€1,578 | -6.8% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €574 | €189 | -€385 | -67.1% |
| Recurring financial charges | 65 | €574 | €189 | -€385 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,887 | -€25,087 | -€1,200 | -5.0% |
| Transfer from deferred taxes | 780 | €1,420 | €1,420 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€22,467 | -€23,667 | -€1,200 | -5.3% |
| Transfer from tax-exempt reserves | 789 | €4,260 | €4,260 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,207 | -€19,406 | -€1,200 | -6.6% |
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 8 October 2026 via checked.be.