EMDEC: 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.
EMDEC
Largest movements
- Receivables within one year +€34,772
up €34,772 (+250%), from €13,906 to €48,677
of which Trade receivables: +€42,347
- Cash -€5,143
down €5,143 (-10.3%), from €50,136 to €44,993
mainly Contributions, distributions and other (-€62,018) and Receivables within one year (-€34,772)
- Tax, wage and social debts +€30,627
up €30,627 (+221%), from €13,865 to €44,492
of which Taxes: +€27,650
- Other debts -€3,699
down €3,699 (-8.6%), from €43,000 to €39,301
- Profit (loss) carried forward +€1,365
up €1,365 (+45.2%), from €3,018 to €4,384
- Gross operating margin +€48,868
up €48,868 (+154%), from €31,692 to €80,560
- Taxes +€9,933
up €9,933 (+154%), from €6,464 to €16,397
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 | €65,074 | €93,946 | +€28,872 | +44.4% |
| Fixed assets | 21/28 | €832 | €276 | -€556 | -66.8% |
| Tangible fixed assets | 22/27 | €832 | €276 | -€556 | -66.8% |
| Furniture and vehicles | 24 | €832 | €276 | -€556 | -66.8% |
| Current assets | 29/58 | €64,243 | €93,670 | +€29,428 | +45.8% |
| Amounts receivable within one year | 40/41 | €13,906 | €48,677 | +€34,772 | +250% |
| Trade receivables | 40 | €1,213 | €43,560 | +€42,347 | +3,492% |
| Other amounts receivable | 41 | €12,693 | €5,117 | -€7,576 | -59.7% |
| Cash at bank and in hand | 54/58 | €50,136 | €44,993 | -€5,143 | -10.3% |
| Deferred charges and accrued income | 490/1 | €201 | €0 | -€201 | -100% |
| Total equity and liabilities | 10/49 | €65,074 | €93,946 | +€28,872 | +44.4% |
| Equity | 10/15 | €8,018 | €9,384 | +€1,365 | +17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,018 | €4,384 | +€1,365 | +45.2% |
| Amounts payable | 17/49 | €57,056 | €84,562 | +€27,506 | +48.2% |
| Amounts payable within one year | 42/48 | €57,056 | €84,562 | +€27,506 | +48.2% |
| Trade debts | 44 | €191 | €770 | +€579 | +303% |
| Suppliers | 440/4 | €191 | €770 | +€579 | +303% |
| Taxes, remuneration and social security | 45 | €13,865 | €44,492 | +€30,627 | +221% |
| Taxes | 450/3 | €13,865 | €41,515 | +€27,650 | +199% |
| Remuneration and social security | 454/9 | - | €2,977 | +€2,977 | |
| Other amounts payable | 47/48 | €43,000 | €39,301 | -€3,699 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610 | €556 | -€54 | -8.9% |
| Other operating charges | 640/8 | €1,298 | €732 | -€567 | -43.7% |
| Gross operating margin | 9900 | €31,692 | €80,560 | +€48,868 | +154% |
| Operating profit (loss) | 9901 | €29,784 | €79,273 | +€49,489 | +166% |
| Financial income | 75/76B | €7 | €700 | +€693 | +9,372% |
| Recurring financial income | 75 | €7 | €700 | +€693 | +9,372% |
| Financial charges | 65/66B | €139 | €193 | +€53 | +38.4% |
| Recurring financial charges | 65 | €139 | €193 | +€53 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €29,653 | €79,781 | +€50,128 | +169% |
| Income taxes | 67/77 | €6,464 | €16,397 | +€9,933 | +154% |
| Profit (loss) for the period | 9904 | €23,188 | €63,384 | +€40,195 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €23,188 | €63,384 | +€40,195 | +173% |
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 14 October 2026 via checked.be.