EMDACO: 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.
EMDACO
Largest movements
- Tangible fixed assets -€16,766
down €16,766 (-5.9%), from €283,544 to €266,778
of which Furniture and vehicles: -€12,294
- Receivables within one year -€15,679
down €15,679 (-57.1%), from €27,435 to €11,756
of which Trade receivables: -€19,078
- Cash -€5,327
down €5,327 (-34.2%), from €15,587 to €10,260
mainly Trade debts (-€22,093) and Other debts (-€11,272)
- Trade debts -€22,093
down €22,093 (-63.0%), from €35,075 to €12,982
- Other debts -€11,272
down €11,272 (-10.4%), from €107,995 to €96,723
- Profit (loss) carried forward +€9,523
up €9,523 (+11.7%), from €81,517 to €91,040
- Accrued charges and deferred income -€5,125
down €5,125 (-97.3%), from €5,269 to €144
- Tax, wage and social debts -€4,255
down €4,255 (-89.4%), from €4,762 to €507
of which Remuneration and social security: -€2,427
- Gross operating margin -€19,918
down €19,918 (-32.4%), from €61,550 to €41,632
- Other operating charges -€7,215
down €7,215 (-58.1%), from €12,419 to €5,204
- Taxes +€2,167
up €2,167 (+34.6%), from €6,271 to €8,438
- Financial charges -€1,080
down €1,080 (-55.4%), from €1,949 to €869
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 | €327,597 | €290,584 | -€37,013 | -11.3% |
| Fixed assets | 21/28 | €283,544 | €266,778 | -€16,766 | -5.9% |
| Tangible fixed assets | 22/27 | €283,544 | €266,778 | -€16,766 | -5.9% |
| Land and buildings | 22 | €246,587 | €241,365 | -€5,222 | -2.1% |
| Plant, machinery and equipment | 23 | - | €750 | +€750 | |
| Furniture and vehicles | 24 | €36,957 | €24,663 | -€12,294 | -33.3% |
| Current assets | 29/58 | €44,053 | €23,806 | -€20,247 | -46.0% |
| Stocks and contracts in progress | 3 | - | €500 | +€500 | |
| Stocks | 30/36 | - | €500 | +€500 | |
| Amounts receivable within one year | 40/41 | €27,435 | €11,756 | -€15,679 | -57.1% |
| Trade receivables | 40 | €27,381 | €8,303 | -€19,078 | -69.7% |
| Other amounts receivable | 41 | €54 | €3,453 | +€3,399 | +6294.4% |
| Cash at bank and in hand | 54/58 | €15,587 | €10,260 | -€5,327 | -34.2% |
| Deferred charges and accrued income | 490/1 | €1,031 | €1,290 | +€259 | +25.1% |
| Total equity and liabilities | 10/49 | €327,597 | €290,584 | -€37,013 | -11.3% |
| Equity | 10/15 | €156,968 | €166,491 | +€9,523 | +6.1% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €6,859 | €6,859 | = | 0.0% |
| Distributable reserves | 133 | €6,859 | €6,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,517 | €91,040 | +€9,523 | +11.7% |
| Amounts payable | 17/49 | €170,629 | €124,093 | -€46,536 | -27.3% |
| Amounts payable after more than one year | 17 | €12,893 | €8,918 | -€3,975 | -30.8% |
| Financial debts | 170/4 | €12,893 | €8,918 | -€3,975 | -30.8% |
| Amounts payable within one year | 42/48 | €152,467 | €115,031 | -€37,436 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €4,635 | €4,819 | +€184 | +4.0% |
| Trade debts | 44 | €35,075 | €12,982 | -€22,093 | -63.0% |
| Suppliers | 440/4 | €35,075 | €12,982 | -€22,093 | -63.0% |
| Taxes, remuneration and social security | 45 | €4,762 | €507 | -€4,255 | -89.4% |
| Taxes | 450/3 | €2,335 | €507 | -€1,828 | -78.3% |
| Remuneration and social security | 454/9 | €2,427 | - | -€2,427 | |
| Other amounts payable | 47/48 | €107,995 | €96,723 | -€11,272 | -10.4% |
| Accrued charges and deferred income | 492/3 | €5,269 | €144 | -€5,125 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,591 | €17,766 | +€175 | +1.0% |
| Other operating charges | 640/8 | €12,419 | €5,204 | -€7,215 | -58.1% |
| Gross operating margin | 9900 | €61,550 | €41,632 | -€19,918 | -32.4% |
| Operating profit (loss) | 9901 | €31,540 | €18,662 | -€12,878 | -40.8% |
| Financial income | 75/76B | €112 | €168 | +€56 | +50.0% |
| Recurring financial income | 75 | €112 | €168 | +€56 | +50.0% |
| Financial charges | 65/66B | €1,949 | €869 | -€1,080 | -55.4% |
| Recurring financial charges | 65 | €1,949 | €869 | -€1,080 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €29,703 | €17,961 | -€11,742 | -39.5% |
| Income taxes | 67/77 | €6,271 | €8,438 | +€2,167 | +34.6% |
| Profit (loss) for the period | 9904 | €23,432 | €9,523 | -€13,909 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,432 | €9,523 | -€13,909 | -59.4% |
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 11 October 2026 via checked.be.