EMCON: 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.
EMCON
Largest movements
- Cash +€24,415
up €24,415 (+54.8%), from €44,546 to €68,960
mainly Net result for the year (+€50,885) and Depreciation (+€16,376)
- Receivables within one year +€14,170
up €14,170 (+29.5%), from €48,003 to €62,173
of which Other amounts receivable: +€15,120
- Deferred charges and accrued income +€5,684
up €5,684 (+229%), from €2,487 to €8,171
- Reserves +€50,885
up €50,885 (+21.3%), from €238,778 to €289,663
- Debts after one year -€10,286
down €10,286 (-100%), from €10,286 to €0
- Advances received +€10,000
new in 2025: €10,000
- Gross operating margin +€2,029
up €2,029 (+2.3%), from €86,708 to €88,737
- Depreciation +€1,953
up €1,953 (+13.5%), from €14,423 to €16,376
- Other operating charges -€1,291
down €1,291 (-60.8%), from €2,124 to €833
- Taxes +€1,018
up €1,018 (+5.1%), from €20,142 to €21,159
- Financial income -€894
down €894 (-32.7%), from €2,735 to €1,841
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 | €286,695 | €333,876 | +€47,181 | +16.5% |
| Fixed assets | 21/28 | €191,660 | €194,572 | +€2,912 | +1.5% |
| Tangible fixed assets | 22/27 | €191,660 | €194,572 | +€2,912 | +1.5% |
| Land and buildings | 22 | €180,509 | €170,956 | -€9,553 | -5.3% |
| Plant, machinery and equipment | 23 | €1,482 | €1,248 | -€234 | -15.8% |
| Furniture and vehicles | 24 | €9,669 | €22,369 | +€12,699 | +131% |
| Current assets | 29/58 | €95,035 | €139,304 | +€44,269 | +46.6% |
| Amounts receivable within one year | 40/41 | €48,003 | €62,173 | +€14,170 | +29.5% |
| Trade receivables | 40 | €18,050 | €17,100 | -€950 | -5.3% |
| Other amounts receivable | 41 | €29,953 | €45,073 | +€15,120 | +50.5% |
| Cash at bank and in hand | 54/58 | €44,546 | €68,960 | +€24,415 | +54.8% |
| Deferred charges and accrued income | 490/1 | €2,487 | €8,171 | +€5,684 | +229% |
| Total equity and liabilities | 10/49 | €286,695 | €333,876 | +€47,181 | +16.5% |
| Equity | 10/15 | €244,978 | €295,863 | +€50,885 | +20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €238,778 | €289,663 | +€50,885 | +21.3% |
| Distributable reserves | 133 | €238,778 | €289,663 | +€50,885 | +21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,718 | €38,013 | -€3,704 | -8.9% |
| Amounts payable after more than one year | 17 | €10,286 | €0 | -€10,286 | -100% |
| Financial debts | 170/4 | €10,286 | €0 | -€10,286 | -100% |
| Amounts payable within one year | 42/48 | €29,577 | €36,748 | +€7,171 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €13,575 | €10,286 | -€3,289 | -24.2% |
| Trade debts | 44 | €676 | €628 | -€48 | -7.1% |
| Suppliers | 440/4 | €676 | €628 | -€48 | -7.1% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €15,326 | €15,834 | +€508 | +3.3% |
| Taxes | 450/3 | €12,049 | €12,531 | +€482 | +4.0% |
| Remuneration and social security | 454/9 | €3,277 | €3,303 | +€26 | +0.8% |
| Accrued charges and deferred income | 492/3 | €1,854 | €1,265 | -€589 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,423 | €16,376 | +€1,953 | +13.5% |
| Other operating charges | 640/8 | €2,124 | €833 | -€1,291 | -60.8% |
| Gross operating margin | 9900 | €86,708 | €88,737 | +€2,029 | +2.3% |
| Operating profit (loss) | 9901 | €70,161 | €71,528 | +€1,367 | +1.9% |
| Financial income | 75/76B | €2,735 | €1,841 | -€894 | -32.7% |
| Recurring financial income | 75 | €2,735 | €1,841 | -€894 | -32.7% |
| Financial charges | 65/66B | €1,634 | €1,325 | -€309 | -18.9% |
| Recurring financial charges | 65 | €1,634 | €1,325 | -€309 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €71,263 | €72,044 | +€782 | +1.1% |
| Income taxes | 67/77 | €20,142 | €21,159 | +€1,018 | +5.1% |
| Profit (loss) for the period | 9904 | €51,121 | €50,885 | -€236 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,121 | €50,885 | -€236 | -0.5% |
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 23 October 2026 via checked.be.