EMDEEVEE: 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.
EMDEEVEE
Largest movements
- Cash +€28,045
up €28,045 (+35.5%), from €79,051 to €107,095
mainly Other debts (+€98,193) and Net result for the year (+€73,267)
- Receivables within one year -€25,138
down €25,138 (-62.2%), from €40,430 to €15,292
of which Trade receivables: -€26,038
- Tangible fixed assets +€12,209
up €12,209 (+55.0%), from €22,180 to €34,390
of which Furniture and vehicles: +€7,061
- Financial fixed assets +€9,000
up €9,000 (+13.3%), from €67,500 to €76,500
- Other debts +€98,193
up €98,193 (+1041.0%), from €9,433 to €107,626
- Debts after one year -€42,500
down €42,500 (-100.0%), from €42,500 to €0
- Reserves -€33,827
down €33,827 (-11.1%), from €305,507 to €271,680
of which Distributable reserves: -€33,827
- Tax, wage and social debts +€12,233
up €12,233 (+124.5%), from €9,824 to €22,057
of which Taxes: +€12,233
- Accrued charges and deferred income -€5,691
down €5,691 (-100.0%), from €5,691 to €0
- Gross operating margin -€15,504
down €15,504 (-13.4%), from €115,531 to €100,028
- Taxes -€5,800
down €5,800 (-24.0%), from €24,173 to €18,373
- Depreciation +€3,488
up €3,488 (+160.9%), from €2,168 to €5,656
- Financial charges +€2,298
up €2,298 (+101.0%), from €2,276 to €4,575
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 | €395,390 | €421,317 | +€25,928 | +6.6% |
| Fixed assets | 21/28 | €89,680 | €110,890 | +€21,209 | +23.6% |
| Tangible fixed assets | 22/27 | €22,180 | €34,390 | +€12,209 | +55.0% |
| Land and buildings | 22 | €11,845 | €16,694 | +€4,849 | +40.9% |
| Plant, machinery and equipment | 23 | €1,792 | €2,091 | +€300 | +16.7% |
| Furniture and vehicles | 24 | €8,544 | €15,605 | +€7,061 | +82.6% |
| Financial fixed assets | 28 | €67,500 | €76,500 | +€9,000 | +13.3% |
| Current assets | 29/58 | €305,709 | €310,428 | +€4,719 | +1.5% |
| Amounts receivable within one year | 40/41 | €40,430 | €15,292 | -€25,138 | -62.2% |
| Trade receivables | 40 | €40,180 | €14,142 | -€26,038 | -64.8% |
| Other amounts receivable | 41 | €250 | €1,149 | +€899 | +359.9% |
| Current investments | 50/53 | €185,934 | €187,499 | +€1,565 | +0.8% |
| Cash at bank and in hand | 54/58 | €79,051 | €107,095 | +€28,045 | +35.5% |
| Deferred charges and accrued income | 490/1 | €294 | €541 | +€247 | +83.9% |
| Total equity and liabilities | 10/49 | €395,390 | €421,317 | +€25,928 | +6.6% |
| Equity | 10/15 | €324,107 | €290,280 | -€33,827 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €305,507 | €271,680 | -€33,827 | -11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €303,647 | €269,820 | -€33,827 | -11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,282 | €131,038 | +€59,755 | +83.8% |
| Amounts payable after more than one year | 17 | €42,500 | €0 | -€42,500 | -100.0% |
| Financial debts | 170/4 | €42,500 | €0 | -€42,500 | -100.0% |
| Amounts payable within one year | 42/48 | €23,092 | €131,038 | +€107,946 | +467.5% |
| Trade debts | 44 | €3,836 | €1,355 | -€2,480 | -64.7% |
| Suppliers | 440/4 | €3,836 | €1,355 | -€2,480 | -64.7% |
| Taxes, remuneration and social security | 45 | €9,824 | €22,057 | +€12,233 | +124.5% |
| Taxes | 450/3 | €9,824 | €22,057 | +€12,233 | +124.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,433 | €107,626 | +€98,193 | +1041.0% |
| Accrued charges and deferred income | 492/3 | €5,691 | €0 | -€5,691 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,168 | €5,656 | +€3,488 | +160.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €115,531 | €100,028 | -€15,504 | -13.4% |
| Operating profit (loss) | 9901 | €112,858 | €93,852 | -€19,006 | -16.8% |
| Financial income | 75/76B | €1,712 | €2,363 | +€651 | +38.0% |
| Recurring financial income | 75 | €1,712 | €2,363 | +€651 | +38.0% |
| Financial charges | 65/66B | €2,276 | €4,575 | +€2,298 | +101.0% |
| Recurring financial charges | 65 | €2,276 | €4,575 | +€2,298 | +101.0% |
| Profit (loss) for the period before taxes | 9903 | €112,294 | €91,640 | -€20,653 | -18.4% |
| Income taxes | 67/77 | €24,173 | €18,373 | -€5,800 | -24.0% |
| Profit (loss) for the period | 9904 | €88,121 | €73,267 | -€14,854 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,121 | €73,267 | -€14,854 | -16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.