EMCA: 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.
EMCA
Largest movements
- Cash -€39,272
down €39,272 (-37.5%), from €104,844 to €65,572
mainly Net result for the year (-€34,764) and Tax, wage and social debts (-€7,563)
- Tangible fixed assets -€7,015
down €7,015 (-25.4%), from €27,633 to €20,618
of which Furniture and vehicles: -€7,015
- Profit (loss) carried forward -€34,764
down €34,764 (-30.2%), from €115,244 to €80,480
- Tax, wage and social debts -€7,563
down €7,563 (-71.5%), from €10,573 to €3,011
of which Taxes: -€7,563
- Debts after one year -€5,582
down €5,582 (-74.7%), from €7,468 to €1,886
- Gross operating margin -€61,850
down €61,850, from €38,219 to -€23,631
- Staff costs -€33,603
down €33,603 (-92.6%), from €36,306 to €2,703
- Other operating charges -€8,930
down €8,930 (-90.0%), from €9,923 to €993
- Financial charges -€1,363
down €1,363 (-74.8%), from €1,822 to €458
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,556 | €167,737 | -€46,819 | -21.8% |
| Fixed assets | 21/28 | €31,796 | €24,780 | -€7,015 | -22.1% |
| Tangible fixed assets | 22/27 | €27,633 | €20,618 | -€7,015 | -25.4% |
| Plant, machinery and equipment | 23 | €653 | €653 | = | 0.0% |
| Furniture and vehicles | 24 | €26,980 | €19,965 | -€7,015 | -26.0% |
| Financial fixed assets | 28 | €4,163 | €4,163 | = | 0.0% |
| Current assets | 29/58 | €182,760 | €142,957 | -€39,804 | -21.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €50,056 | €49,498 | -€558 | -1.1% |
| Trade receivables | 40 | €31,234 | €28,995 | -€2,239 | -7.2% |
| Other amounts receivable | 41 | €18,821 | €20,503 | +€1,681 | +8.9% |
| Current investments | 50/53 | €27,861 | €27,887 | +€27 | +0.1% |
| Cash at bank and in hand | 54/58 | €104,844 | €65,572 | -€39,272 | -37.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €214,556 | €167,737 | -€46,819 | -21.8% |
| Equity | 10/15 | €157,938 | €123,173 | -€34,764 | -22.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €23,943 | €23,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €22,068 | €22,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,244 | €80,480 | -€34,764 | -30.2% |
| Amounts payable | 17/49 | €56,618 | €44,564 | -€12,054 | -21.3% |
| Amounts payable after more than one year | 17 | €7,468 | €1,886 | -€5,582 | -74.7% |
| Financial debts | 170/4 | €7,468 | €1,886 | -€5,582 | -74.7% |
| Amounts payable within one year | 42/48 | €49,150 | €42,678 | -€6,472 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €5,471 | €5,582 | +€111 | +2.0% |
| Trade debts | 44 | €33,106 | €34,085 | +€979 | +3.0% |
| Suppliers | 440/4 | €33,106 | €34,085 | +€979 | +3.0% |
| Taxes, remuneration and social security | 45 | €10,573 | €3,011 | -€7,563 | -71.5% |
| Taxes | 450/3 | €10,573 | €3,011 | -€7,563 | -71.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €36,306 | €2,703 | -€33,603 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,015 | €7,015 | = | 0.0% |
| Other operating charges | 640/8 | €9,923 | €993 | -€8,930 | -90.0% |
| Gross operating margin | 9900 | €38,219 | -€23,631 | -€61,850 | |
| Operating profit (loss) | 9901 | -€15,025 | -€34,342 | -€19,317 | -129% |
| Financial income | 75/76B | €57 | €36 | -€22 | -37.7% |
| Recurring financial income | 75 | €57 | €36 | -€22 | -37.7% |
| Financial charges | 65/66B | €1,822 | €458 | -€1,363 | -74.8% |
| Recurring financial charges | 65 | €1,822 | €458 | -€1,363 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,789 | -€34,764 | -€17,975 | -107% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,789 | -€34,764 | -€17,975 | -107% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,789 | -€34,764 | -€17,975 | -107% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.