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
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year -€66,905
down €66,905 (-79.9%), from €83,748 to €16,843
of which Other amounts receivable: -€70,000
- Cash +€49,414
up €49,414 (+2353.9%), from €2,099 to €51,513
mainly Net result for the year (+€74,743) and Receivables within one year (+€66,905)
- Tangible fixed assets +€13,534
new in 2025: €13,534
- Reserves +€74,013
up €74,013 (+121.4%), from €60,963 to €134,976
- Tax, wage and social debts +€21,188
up €21,188 (+99.2%), from €21,370 to €42,558
- Gross operating margin +€20,935
up €20,935 (+26.4%), from €79,196 to €100,131
- Other operating charges +€5,190
up €5,190 (+1188.9%), from €437 to €5,627
- Taxes +€3,498
up €3,498 (+21.5%), from €16,264 to €19,761
- Financial income +€1,572
up €1,572 (+52409.3%), from €3 to €1,575
- Depreciation +€1,052
new in 2025: €1,052
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 | €87,025 | €182,321 | +€95,296 | +109.5% |
| Fixed assets | 21/28 | - | €13,534 | +€13,534 | |
| Tangible fixed assets | 22/27 | - | €13,534 | +€13,534 | |
| Furniture and vehicles | 24 | - | €13,534 | +€13,534 | |
| Current assets | 29/58 | €87,025 | €168,787 | +€81,762 | +94.0% |
| Amounts receivable within one year | 40/41 | €83,748 | €16,843 | -€66,905 | -79.9% |
| Trade receivables | 40 | €13,748 | €16,843 | +€3,095 | +22.5% |
| Other amounts receivable | 41 | €70,000 | €0 | -€70,000 | -100.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €2,099 | €51,513 | +€49,414 | +2353.9% |
| Deferred charges and accrued income | 490/1 | €1,178 | €431 | -€747 | -63.4% |
| Total equity and liabilities | 10/49 | €87,025 | €182,321 | +€95,296 | +109.5% |
| Equity | 10/15 | €63,363 | €137,376 | +€74,013 | +116.8% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €60,963 | €134,976 | +€74,013 | +121.4% |
| Distributable reserves | 133 | €60,963 | €134,976 | +€74,013 | +121.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,662 | €44,945 | +€21,283 | +89.9% |
| Amounts payable within one year | 42/48 | €23,662 | €44,195 | +€20,533 | +86.8% |
| Trade debts | 44 | €1,243 | €609 | -€635 | -51.0% |
| Suppliers | 440/4 | €1,243 | €609 | -€635 | -51.0% |
| Taxes, remuneration and social security | 45 | €21,370 | €42,558 | +€21,188 | +99.2% |
| Taxes | 450/3 | €21,370 | €42,558 | +€21,188 | +99.2% |
| Other amounts payable | 47/48 | €1,049 | €1,028 | -€21 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,052 | +€1,052 | |
| Other operating charges | 640/8 | €437 | €5,627 | +€5,190 | +1188.9% |
| Gross operating margin | 9900 | €79,196 | €100,131 | +€20,935 | +26.4% |
| Operating profit (loss) | 9901 | €78,760 | €93,452 | +€14,692 | +18.7% |
| Financial income | 75/76B | €3 | €1,575 | +€1,572 | +52409.3% |
| Recurring financial income | 75 | €3 | €1,575 | +€1,572 | +52409.3% |
| Financial charges | 65/66B | €806 | €523 | -€283 | -35.1% |
| Recurring financial charges | 65 | €806 | €523 | -€283 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €77,957 | €94,505 | +€16,548 | +21.2% |
| Income taxes | 67/77 | €16,264 | €19,761 | +€3,498 | +21.5% |
| Profit (loss) for the period | 9904 | €61,693 | €74,743 | +€13,050 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,693 | €74,743 | +€13,050 | +21.2% |
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 7 October 2026 via checked.be.