EMDECO: 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.
EMDECO
Largest movements
- Current investments +€28,707
up €28,707 (+10.2%), from €282,504 to €311,210
- Tangible fixed assets -€7,226
down €7,226 (-3.9%), from €187,368 to €180,143
- Other debts +€30,000
up €30,000 (+13.7%), from €218,691 to €248,691
- Financial income -€17,282
down €17,282 (-80.3%), from €21,533 to €4,251
- Financial charges -€4,340
down €4,340 (-33.8%), from €12,828 to €8,489
- Gross operating margin -€1,813
down €1,813 (-16.3%), from €11,145 to €9,331
- Other operating charges +€903
up €903 (+235.0%), from €384 to €1,288
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 | €480,538 | €502,540 | +€22,002 | +4.6% |
| Fixed assets | 21/28 | €187,896 | €180,671 | -€7,226 | -3.8% |
| Tangible fixed assets | 22/27 | €187,368 | €180,143 | -€7,226 | -3.9% |
| Land and buildings | 22 | €187,368 | €180,143 | -€7,226 | -3.9% |
| Financial fixed assets | 28 | €528 | €528 | = | 0.0% |
| Current assets | 29/58 | €292,641 | €321,869 | +€29,228 | +10.0% |
| Amounts receivable within one year | 40/41 | €544 | €0 | -€544 | -100.0% |
| Other amounts receivable | 41 | €544 | €0 | -€544 | -100.0% |
| Current investments | 50/53 | €282,504 | €311,210 | +€28,707 | +10.2% |
| Cash at bank and in hand | 54/58 | €2,740 | €3,730 | +€990 | +36.1% |
| Deferred charges and accrued income | 490/1 | €6,854 | €6,929 | +€76 | +1.1% |
| Total equity and liabilities | 10/49 | €480,538 | €502,540 | +€22,002 | +4.6% |
| Equity | 10/15 | €85,181 | €81,737 | -€3,444 | -4.0% |
| Contributions | 10/11 | €76,050 | €76,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,131 | €5,687 | -€3,444 | -37.7% |
| Amounts payable | 17/49 | €395,357 | €420,803 | +€25,447 | +6.4% |
| Amounts payable within one year | 42/48 | €393,691 | €418,691 | +€25,000 | +6.4% |
| Financial debts | 43 | €175,000 | €170,000 | -€5,000 | -2.9% |
| Credit institutions | 430/8 | €175,000 | €170,000 | -€5,000 | -2.9% |
| Other amounts payable | 47/48 | €218,691 | €248,691 | +€30,000 | +13.7% |
| Accrued charges and deferred income | 492/3 | €1,665 | €2,112 | +€447 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €7,226 | +€0 | 0.0% |
| Other operating charges | 640/8 | €384 | €1,288 | +€903 | +235.0% |
| Gross operating margin | 9900 | €11,145 | €9,331 | -€1,813 | -16.3% |
| Operating profit (loss) | 9901 | €3,535 | €818 | -€2,717 | -76.9% |
| Financial income | 75/76B | €21,533 | €4,251 | -€17,282 | -80.3% |
| Recurring financial income | 75 | €21,533 | €4,251 | -€17,282 | -80.3% |
| Financial charges | 65/66B | €12,828 | €8,489 | -€4,340 | -33.8% |
| Recurring financial charges | 65 | €12,828 | €8,489 | -€4,340 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €12,240 | -€3,420 | -€15,660 | |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | €12,240 | -€3,444 | -€15,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,240 | -€3,444 | -€15,685 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.