EMCO: 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.
EMCO
Largest movements
- Tangible fixed assets -€42,621
down €42,621 (-9.5%), from €448,820 to €406,199
- Receivables within one year +€23,550
up €23,550 (+1531.6%), from €1,538 to €25,088
of which Other amounts receivable: +€23,550
- Receivables after one year +€16,057
up €16,057 (+4.7%), from €341,849 to €357,906
- Other debts +€43,545
up €43,545 (+15.2%), from €286,698 to €330,243
- Debts after one year -€36,180
down €36,180 (-51.8%), from €69,881 to €33,701
- Current portion of long-term debt -€13,012
down €13,012 (-26.5%), from €49,193 to €36,180
- Financial charges +€6,408
up €6,408 (+100.3%), from €6,389 to €12,796
- Depreciation -€6,285
down €6,285 (-12.5%), from €50,310 to €44,025
- Gross operating margin -€1,732
down €1,732 (-2.9%), from €59,755 to €58,023
- Taxes +€1,189
up €1,189 (+1698942.9%), from €0 to €1,189
- Financial income +€684
up €684 (+4.5%), from €15,376 to €16,060
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 | €807,987 | €804,869 | -€3,118 | -0.4% |
| Fixed assets | 21/28 | €448,820 | €406,199 | -€42,621 | -9.5% |
| Tangible fixed assets | 22/27 | €448,820 | €406,199 | -€42,621 | -9.5% |
| Land and buildings | 22 | €448,820 | €406,199 | -€42,621 | -9.5% |
| Current assets | 29/58 | €359,167 | €398,670 | +€39,503 | +11.0% |
| Amounts receivable after more than one year | 29 | €341,849 | €357,906 | +€16,057 | +4.7% |
| Other amounts receivable | 291 | €341,849 | €357,906 | +€16,057 | +4.7% |
| Amounts receivable within one year | 40/41 | €1,538 | €25,088 | +€23,550 | +1531.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,538 | €25,088 | +€23,550 | +1531.6% |
| Cash at bank and in hand | 54/58 | €9,398 | €14,153 | +€4,755 | +50.6% |
| Deferred charges and accrued income | 490/1 | €6,382 | €1,523 | -€4,859 | -76.1% |
| Total equity and liabilities | 10/49 | €807,987 | €804,869 | -€3,118 | -0.4% |
| Equity | 10/15 | €397,533 | €401,305 | +€3,772 | +0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €336,033 | €339,805 | +€3,772 | +1.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €329,883 | €333,655 | +€3,772 | +1.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €410,454 | €403,564 | -€6,890 | -1.7% |
| Amounts payable after more than one year | 17 | €69,881 | €33,701 | -€36,180 | -51.8% |
| Financial debts | 170/4 | €69,881 | €33,701 | -€36,180 | -51.8% |
| Amounts payable within one year | 42/48 | €340,573 | €369,863 | +€29,291 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €49,193 | €36,180 | -€13,012 | -26.5% |
| Trade debts | 44 | €4,682 | €2,251 | -€2,431 | -51.9% |
| Suppliers | 440/4 | €4,682 | €2,251 | -€2,431 | -51.9% |
| Taxes, remuneration and social security | 45 | - | €1,189 | +€1,189 | |
| Taxes | 450/3 | - | €1,189 | +€1,189 | |
| Other amounts payable | 47/48 | €286,698 | €330,243 | +€43,545 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,310 | €44,025 | -€6,285 | -12.5% |
| Other operating charges | 640/8 | €11,558 | €11,784 | +€226 | +2.0% |
| Gross operating margin | 9900 | €59,755 | €58,023 | -€1,732 | -2.9% |
| Operating profit (loss) | 9901 | -€2,112 | €2,215 | +€4,327 | |
| Financial income | 75/76B | €15,376 | €16,060 | +€684 | +4.5% |
| Recurring financial income | 75 | €15,376 | €16,060 | +€684 | +4.5% |
| Financial charges | 65/66B | €6,389 | €12,796 | +€6,408 | +100.3% |
| Recurring financial charges | 65 | €6,389 | €12,796 | +€6,408 | +100.3% |
| Profit (loss) for the period before taxes | 9903 | €6,875 | €5,479 | -€1,396 | -20.3% |
| Income taxes | 67/77 | €0 | €1,189 | +€1,189 | +1698942.9% |
| Profit (loss) for the period | 9904 | €6,875 | €4,289 | -€2,585 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,875 | €4,289 | -€2,585 | -37.6% |
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 3 October 2026 via checked.be.