EMCON: 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.
EMCON
Largest movements
- Receivables within one year -€13,047
down €13,047 (-50.9%), from €25,640 to €12,593
of which Trade receivables: -€13,173
- Tangible fixed assets -€9,535
down €9,535 (-21.0%), from €45,365 to €35,830
of which Land and buildings: -€6,410
- Stocks and contracts -€4,033
down €4,033 (-21.7%), from €18,616 to €14,583
- Debts after one year -€59,194
down €59,194 (-97.9%), from €60,492 to €1,299
of which Other amounts payable: -€54,051
- Other debts +€17,413
new in 2025: €17,413
- Profit (loss) carried forward +€9,599
up €9,599, from -€5,482 to €4,117
- Tax, wage and social debts +€3,388
up €3,388 (+42.8%), from €7,921 to €11,309
- Trade debts +€1,429
up €1,429 (+55.9%), from €2,555 to €3,983
- Gross operating margin +€5,808
up €5,808 (+26.9%), from €21,578 to €27,386
- Other operating charges +€1,982
up €1,982 (+135.0%), from €1,468 to €3,451
- Depreciation -€1,249
down €1,249 (-8.8%), from €14,185 to €12,935
- Financial income -€1,230
down €1,230 (-100.0%), from €1,230 to €0
- Write-downs +€600
new in 2025: €600
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 | €90,174 | €63,685 | -€26,489 | -29.4% |
| Fixed assets | 21/28 | €45,365 | €35,830 | -€9,535 | -21.0% |
| Tangible fixed assets | 22/27 | €45,365 | €35,830 | -€9,535 | -21.0% |
| Land and buildings | 22 | €31,803 | €25,394 | -€6,410 | -20.2% |
| Plant, machinery and equipment | 23 | €13,561 | €8,574 | -€4,987 | -36.8% |
| Furniture and vehicles | 24 | - | €1,862 | +€1,862 | |
| Current assets | 29/58 | €44,809 | €27,855 | -€16,954 | -37.8% |
| Stocks and contracts in progress | 3 | €18,616 | €14,583 | -€4,033 | -21.7% |
| Stocks | 30/36 | €18,616 | €14,583 | -€4,033 | -21.7% |
| Amounts receivable within one year | 40/41 | €25,640 | €12,593 | -€13,047 | -50.9% |
| Trade receivables | 40 | €25,640 | €12,467 | -€13,173 | -51.4% |
| Other amounts receivable | 41 | - | €126 | +€126 | |
| Cash at bank and in hand | 54/58 | €97 | €62 | -€35 | -36.2% |
| Deferred charges and accrued income | 490/1 | €456 | €617 | +€161 | +35.4% |
| Total equity and liabilities | 10/49 | €90,174 | €63,685 | -€26,489 | -29.4% |
| Equity | 10/15 | €13,332 | €22,931 | +€9,599 | +72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214 | €214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €214 | €214 | = | 0.0% |
| Reserves not available under the articles | 1311 | €214 | €214 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,482 | €4,117 | +€9,599 | |
| Amounts payable | 17/49 | €76,842 | €40,754 | -€36,089 | -47.0% |
| Amounts payable after more than one year | 17 | €60,492 | €1,299 | -€59,194 | -97.9% |
| Financial debts | 170/4 | €6,442 | €1,299 | -€5,143 | -79.8% |
| Other amounts payable | 178/9 | €54,051 | €0 | -€54,051 | -100.0% |
| Amounts payable within one year | 42/48 | €15,536 | €37,848 | +€22,312 | +143.6% |
| Current portion of amounts payable after more than one year | 42 | €5,060 | €5,143 | +€83 | +1.6% |
| Trade debts | 44 | €2,555 | €3,983 | +€1,429 | +55.9% |
| Suppliers | 440/4 | €2,555 | €3,983 | +€1,429 | +55.9% |
| Taxes, remuneration and social security | 45 | €7,921 | €11,309 | +€3,388 | +42.8% |
| Taxes | 450/3 | €7,921 | €11,309 | +€3,388 | +42.8% |
| Other amounts payable | 47/48 | - | €17,413 | +€17,413 | |
| Accrued charges and deferred income | 492/3 | €814 | €1,607 | +€793 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,185 | €12,935 | -€1,249 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €600 | +€600 | |
| Other operating charges | 640/8 | €1,468 | €3,451 | +€1,982 | +135.0% |
| Gross operating margin | 9900 | €21,578 | €27,386 | +€5,808 | +26.9% |
| Operating profit (loss) | 9901 | €5,925 | €10,400 | +€4,475 | +75.5% |
| Financial income | 75/76B | €1,230 | €0 | -€1,230 | -100.0% |
| Recurring financial income | 75 | €1,230 | €0 | -€1,230 | -100.0% |
| Financial charges | 65/66B | €325 | €801 | +€476 | +146.3% |
| Recurring financial charges | 65 | €325 | €801 | +€476 | +146.3% |
| Profit (loss) for the period before taxes | 9903 | €6,830 | €9,599 | +€2,769 | +40.5% |
| Profit (loss) for the period | 9904 | €6,830 | €9,599 | +€2,769 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,830 | €9,599 | +€2,769 | +40.5% |
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 28 September 2026 via checked.be.