EMC Management: 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.
EMC Management
Largest movements
- Cash -€37,678
down €37,678 (-49.4%), from €76,325 to €38,648
mainly Contributions, distributions and other (-€66,370) and Other debts (-€22,470)
- Receivables within one year -€29,016
down €29,016 (-66.8%), from €43,437 to €14,421
of which Trade receivables: -€33,561
- Tangible fixed assets -€1,351
down €1,351 (-25.5%), from €5,298 to €3,947
- Profit (loss) carried forward -€44,879
down €44,879 (-100%), from €44,879 to €0
- Other debts -€22,470
down €22,470 (-51.1%), from €43,961 to €21,491
- Gross operating margin -€80,914
down €80,914 (-72.6%), from €111,522 to €30,609
- Taxes -€16,140
down €16,140 (-69.0%), from €23,407 to €7,268
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.
Derived cash bridge
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 | €125,646 | €57,174 | -€68,472 | -54.5% |
| Fixed assets | 21/28 | €5,298 | €3,947 | -€1,351 | -25.5% |
| Tangible fixed assets | 22/27 | €5,298 | €3,947 | -€1,351 | -25.5% |
| Furniture and vehicles | 24 | €5,298 | €3,947 | -€1,351 | -25.5% |
| Current assets | 29/58 | €120,348 | €53,227 | -€67,122 | -55.8% |
| Amounts receivable within one year | 40/41 | €43,437 | €14,421 | -€29,016 | -66.8% |
| Trade receivables | 40 | €43,437 | €9,876 | -€33,561 | -77.3% |
| Other amounts receivable | 41 | €0 | €4,545 | +€4,545 | |
| Cash at bank and in hand | 54/58 | €76,325 | €38,648 | -€37,678 | -49.4% |
| Deferred charges and accrued income | 490/1 | €586 | €158 | -€428 | -73.0% |
| Total equity and liabilities | 10/49 | €125,646 | €57,174 | -€68,472 | -54.5% |
| Equity | 10/15 | €65,339 | €20,460 | -€44,879 | -68.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,879 | €0 | -€44,879 | -100% |
| Amounts payable | 17/49 | €60,307 | €36,714 | -€23,594 | -39.1% |
| Amounts payable within one year | 42/48 | €60,307 | €36,714 | -€23,594 | -39.1% |
| Trade debts | 44 | €5,569 | €5,383 | -€187 | -3.4% |
| Suppliers | 440/4 | €5,569 | €5,383 | -€187 | -3.4% |
| Taxes, remuneration and social security | 45 | €10,777 | €9,840 | -€936 | -8.7% |
| Taxes | 450/3 | €10,777 | €9,840 | -€936 | -8.7% |
| Other amounts payable | 47/48 | €43,961 | €21,491 | -€22,470 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,794 | €1,351 | -€443 | -24.7% |
| Other operating charges | 640/8 | €877 | €0 | -€877 | -100% |
| Gross operating margin | 9900 | €111,522 | €30,609 | -€80,914 | -72.6% |
| Operating profit (loss) | 9901 | €108,852 | €29,258 | -€79,594 | -73.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €566 | €502 | -€64 | -11.3% |
| Recurring financial charges | 65 | €566 | €502 | -€64 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €108,286 | €28,759 | -€79,527 | -73.4% |
| Income taxes | 67/77 | €23,407 | €7,268 | -€16,140 | -69.0% |
| Profit (loss) for the period | 9904 | €84,879 | €21,491 | -€63,388 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,879 | €21,491 | -€63,388 | -74.7% |
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 18 October 2026 via checked.be.