EMCR: 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.
EMCR
Largest movements
- Receivables within one year +€20,806
up €20,806 (+127%), from €16,334 to €37,140
of which Other amounts receivable: +€16,532
- Cash +€3,284
up €3,284 (+12.3%), from €26,770 to €30,054
mainly Depreciation (+€43,649) and Net result for the year (+€17,063)
- Profit (loss) carried forward +€17,063
up €17,063 (+27.5%), from €61,945 to €79,008
- Current portion of long-term debt +€6,756
up €6,756 (+20.1%), from €33,655 to €40,411
- Trade debts +€4,398
up €4,398 (+65.1%), from €6,753 to €11,150
- Other debts -€3,391
down €3,391 (-100%), from €3,391 to €0
- Debts after one year +€2,594
up €2,594 (+5.4%), from €48,432 to €51,026
- Staff costs +€48,486
up €48,486 (+38.8%), from €124,871 to €173,357
- Gross operating margin +€23,297
up €23,297 (+10.0%), from €234,029 to €257,326
- Depreciation +€8,128
up €8,128 (+22.9%), from €35,521 to €43,649
- Taxes -€6,801
down €6,801 (-40.6%), from €16,767 to €9,967
- Other operating charges +€2,997
up €2,997 (+48.1%), from €6,235 to €9,232
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 | €181,677 | €206,796 | +€25,119 | +13.8% |
| Fixed assets | 21/28 | €137,129 | €138,079 | +€950 | +0.7% |
| Intangible fixed assets | 21 | €4,943 | €4,343 | -€600 | -12.1% |
| Tangible fixed assets | 22/27 | €115,838 | €117,388 | +€1,550 | +1.3% |
| Plant, machinery and equipment | 23 | €43,873 | €32,860 | -€11,013 | -25.1% |
| Furniture and vehicles | 24 | €45,454 | €60,876 | +€15,422 | +33.9% |
| Other tangible fixed assets | 26 | €26,511 | €23,652 | -€2,859 | -10.8% |
| Financial fixed assets | 28 | €16,348 | €16,348 | = | 0.0% |
| Current assets | 29/58 | €44,548 | €68,718 | +€24,170 | +54.3% |
| Amounts receivable within one year | 40/41 | €16,334 | €37,140 | +€20,806 | +127% |
| Trade receivables | 40 | €5,503 | €9,777 | +€4,274 | +77.7% |
| Other amounts receivable | 41 | €10,831 | €27,363 | +€16,532 | +153% |
| Cash at bank and in hand | 54/58 | €26,770 | €30,054 | +€3,284 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,523 | +€80 | +5.5% |
| Total equity and liabilities | 10/49 | €181,677 | €206,796 | +€25,119 | +13.8% |
| Equity | 10/15 | €65,945 | €83,008 | +€17,063 | +25.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,945 | €79,008 | +€17,063 | +27.5% |
| Amounts payable | 17/49 | €115,732 | €123,789 | +€8,056 | +7.0% |
| Amounts payable after more than one year | 17 | €48,432 | €51,026 | +€2,594 | +5.4% |
| Financial debts | 170/4 | €48,432 | €51,026 | +€2,594 | +5.4% |
| Amounts payable within one year | 42/48 | €67,300 | €72,762 | +€5,462 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €33,655 | €40,411 | +€6,756 | +20.1% |
| Trade debts | 44 | €6,753 | €11,150 | +€4,398 | +65.1% |
| Suppliers | 440/4 | €6,753 | €11,150 | +€4,398 | +65.1% |
| Taxes, remuneration and social security | 45 | €23,501 | €21,201 | -€2,300 | -9.8% |
| Taxes | 450/3 | €10,770 | €3,225 | -€7,545 | -70.1% |
| Remuneration and social security | 454/9 | €12,731 | €17,976 | +€5,245 | +41.2% |
| Other amounts payable | 47/48 | €3,391 | €0 | -€3,391 | -100% |
| Remuneration, social security and pensions | 62 | €124,871 | €173,357 | +€48,486 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,521 | €43,649 | +€8,128 | +22.9% |
| Other operating charges | 640/8 | €6,235 | €9,232 | +€2,997 | +48.1% |
| Gross operating margin | 9900 | €234,029 | €257,326 | +€23,297 | +10.0% |
| Operating profit (loss) | 9901 | €67,403 | €31,089 | -€36,314 | -53.9% |
| Financial income | 75/76B | €29 | €65 | +€36 | +126% |
| Recurring financial income | 75 | €29 | €65 | +€36 | +126% |
| Financial charges | 65/66B | €3,813 | €4,124 | +€311 | +8.1% |
| Recurring financial charges | 65 | €3,813 | €4,124 | +€311 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €63,619 | €27,030 | -€36,589 | -57.5% |
| Income taxes | 67/77 | €16,767 | €9,967 | -€6,801 | -40.6% |
| Profit (loss) for the period | 9904 | €46,851 | €17,063 | -€29,788 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,851 | €17,063 | -€29,788 | -63.6% |
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 13 October 2026 via checked.be.