Emcé Belgium: 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.
Emcé Belgium
Largest movements
- Cash -€55,625
down €55,625 (-94.4%), from €58,896 to €3,270
mainly Other debts (-€45,282) and Tax, wage and social debts (-€11,374)
- Receivables after one year +€1,184
new in 2025: €1,184
- Other debts -€45,282
down €45,282 (-68.3%), from €66,346 to €21,064
- Tax, wage and social debts -€11,374
no longer reported in 2025 (was €11,374)
- Profit (loss) carried forward +€2,709
up €2,709 (+3.4%), from -€80,514 to -€77,805
- Gross operating margin -€84,876
down €84,876 (-91.1%), from €93,162 to €8,286
- Financial charges -€2,510
down €2,510 (-51.1%), from €4,907 to €2,398
- Taxes +€2,479
up €2,479 (+1,370%), from €181 to €2,660
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 | €59,206 | €5,259 | -€53,947 | -91.1% |
| Current assets | 29/58 | €59,206 | €5,259 | -€53,947 | -91.1% |
| Amounts receivable after more than one year | 29 | - | €1,184 | +€1,184 | |
| Trade receivables | 290 | - | €1,184 | +€1,184 | |
| Amounts receivable within one year | 40/41 | €311 | €805 | +€494 | +159% |
| Other amounts receivable | 41 | €311 | €805 | +€494 | +159% |
| Cash at bank and in hand | 54/58 | €58,896 | €3,270 | -€55,625 | -94.4% |
| Total equity and liabilities | 10/49 | €59,206 | €5,259 | -€53,947 | -91.1% |
| Equity | 10/15 | -€18,514 | -€15,805 | +€2,709 | +14.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,514 | -€77,805 | +€2,709 | +3.4% |
| Amounts payable | 17/49 | €77,720 | €21,064 | -€56,656 | -72.9% |
| Amounts payable within one year | 42/48 | €77,720 | €21,064 | -€56,656 | -72.9% |
| Taxes, remuneration and social security | 45 | €11,374 | - | -€11,374 | |
| Remuneration and social security | 454/9 | €11,374 | - | -€11,374 | |
| Other amounts payable | 47/48 | €66,346 | €21,064 | -€45,282 | -68.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €93,162 | €8,286 | -€84,876 | -91.1% |
| Operating profit (loss) | 9901 | €92,656 | €7,766 | -€84,890 | -91.6% |
| Financial charges | 65/66B | €4,907 | €2,398 | -€2,510 | -51.1% |
| Recurring financial charges | 65 | €4,907 | €2,398 | -€2,510 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €87,749 | €5,368 | -€82,380 | -93.9% |
| Income taxes | 67/77 | €181 | €2,660 | +€2,479 | +1,370% |
| Profit (loss) for the period | 9904 | €87,568 | €2,709 | -€84,859 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,568 | €2,709 | -€84,859 | -96.9% |
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 17 October 2026 via checked.be.