EMCHA: 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.
EMCHA
Largest movements
- Tangible fixed assets +€188,506
new in 2025: €188,506
- Financial fixed assets -€136,195
no longer reported in 2025 (was €136,195)
- Current investments -€65,841
down €65,841 (-29.3%), from €225,000 to €159,159
- Cash +€41,151
up €41,151 (+113%), from €36,308 to €77,459
mainly Net result for the year (+€99,255) and Current investments (+€65,841)
- Receivables within one year +€8,310
up €8,310 (+67.6%), from €12,294 to €20,604
- Reserves +€35,892
up €35,892 (+9.9%), from €363,291 to €399,183
of which Distributable reserves: +€37,752
- Tax, wage and social debts +€8,665
up €8,665 (+77.2%), from €11,231 to €19,897
of which Taxes: +€6,665
- Trade debts -€4,899
down €4,899 (-32.3%), from €15,146 to €10,248
- Depreciation +€8,100
new in 2025: €8,100
- Financial income +€6,738
up €6,738 (+141%), from €4,792 to €11,530
- Gross operating margin -€5,127
down €5,127 (-3.4%), from €152,873 to €147,746
- Taxes -€4,697
down €4,697 (-9.4%), from €50,024 to €45,328
- Financial charges +€3,657
up €3,657 (+286%), from €1,280 to €4,937
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 | €410,548 | €445,728 | +€35,179 | +8.6% |
| Fixed assets | 21/28 | €136,195 | €188,506 | +€52,310 | +38.4% |
| Tangible fixed assets | 22/27 | - | €188,506 | +€188,506 | |
| Land and buildings | 22 | - | €188,506 | +€188,506 | |
| Financial fixed assets | 28 | €136,195 | - | -€136,195 | |
| Current assets | 29/58 | €274,353 | €257,222 | -€17,131 | -6.2% |
| Amounts receivable within one year | 40/41 | €12,294 | €20,604 | +€8,310 | +67.6% |
| Trade receivables | 40 | €12,294 | €20,604 | +€8,310 | +67.6% |
| Current investments | 50/53 | €225,000 | €159,159 | -€65,841 | -29.3% |
| Cash at bank and in hand | 54/58 | €36,308 | €77,459 | +€41,151 | +113% |
| Deferred charges and accrued income | 490/1 | €751 | - | -€751 | |
| Total equity and liabilities | 10/49 | €410,548 | €445,728 | +€35,179 | +8.6% |
| Equity | 10/15 | €375,691 | €411,583 | +€35,892 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €363,291 | €399,183 | +€35,892 | +9.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €361,431 | €399,183 | +€37,752 | +10.4% |
| Amounts payable | 17/49 | €34,857 | €34,145 | -€713 | -2.0% |
| Amounts payable within one year | 42/48 | €34,783 | €34,145 | -€638 | -1.8% |
| Trade debts | 44 | €15,146 | €10,248 | -€4,899 | -32.3% |
| Suppliers | 440/4 | €15,146 | €10,248 | -€4,899 | -32.3% |
| Taxes, remuneration and social security | 45 | €11,231 | €19,897 | +€8,665 | +77.2% |
| Taxes | 450/3 | €11,231 | €17,897 | +€6,665 | +59.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €8,405 | €4,000 | -€4,405 | -52.4% |
| Accrued charges and deferred income | 492/3 | €75 | - | -€75 | |
| Non-recurring operating income | 76A | €6,050 | - | -€6,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,100 | +€8,100 | |
| Other operating charges | 640/8 | €342 | €1,656 | +€1,314 | +384% |
| Gross operating margin | 9900 | €152,873 | €147,746 | -€5,127 | -3.4% |
| Operating profit (loss) | 9901 | €152,531 | €137,990 | -€14,541 | -9.5% |
| Financial income | 75/76B | €4,792 | €11,530 | +€6,738 | +141% |
| Recurring financial income | 75 | €4,792 | €11,530 | +€6,738 | +141% |
| Financial charges | 65/66B | €1,280 | €4,937 | +€3,657 | +286% |
| Recurring financial charges | 65 | €1,280 | €4,937 | +€3,657 | +286% |
| Profit (loss) for the period before taxes | 9903 | €156,043 | €144,582 | -€11,460 | -7.3% |
| Income taxes | 67/77 | €50,024 | €45,328 | -€4,697 | -9.4% |
| Profit (loss) for the period | 9904 | €106,018 | €99,255 | -€6,764 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,018 | €99,255 | -€6,764 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.