EmDev: 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.
EmDev
Largest movements
- Cash -€11,123
down €11,123 (-18.7%), from €59,491 to €48,368
mainly Net result for the year (-€10,384) and Receivables within one year (-€8,048)
- Receivables within one year +€8,048
up €8,048 (+15.6%), from €51,705 to €59,754
of which Other amounts receivable: +€4,078
- Tangible fixed assets -€4,539
down €4,539 (-25.3%), from €17,969 to €13,430
of which Furniture and vehicles: -€3,197
- Profit (loss) carried forward -€10,384
down €10,384 (-11.6%), from €89,387 to €79,002
- Trade debts +€8,032
up €8,032 (+1071.1%), from €750 to €8,781
- Tax, wage and social debts -€5,196
down €5,196 (-44.2%), from €11,749 to €6,553
of which Taxes: -€7,810
- Gross operating margin -€40,537
down €40,537, from €35,093 to -€5,444
- Taxes -€8,735
down €8,735 (-96.5%), from €9,053 to €318
- Financial income +€675
up €675 (+46.9%), from €1,439 to €2,115
- Financial charges +€393
up €393 (+249.7%), from €157 to €550
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 | €131,421 | €123,895 | -€7,525 | -5.7% |
| Fixed assets | 21/28 | €18,269 | €13,730 | -€4,539 | -24.8% |
| Tangible fixed assets | 22/27 | €17,969 | €13,430 | -€4,539 | -25.3% |
| Plant, machinery and equipment | 23 | €10,314 | €9,658 | -€655 | -6.4% |
| Furniture and vehicles | 24 | €5,600 | €2,403 | -€3,197 | -57.1% |
| Other tangible fixed assets | 26 | €2,055 | €1,369 | -€686 | -33.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €113,151 | €110,165 | -€2,986 | -2.6% |
| Amounts receivable within one year | 40/41 | €51,705 | €59,754 | +€8,048 | +15.6% |
| Trade receivables | 40 | €8,712 | €12,682 | +€3,970 | +45.6% |
| Other amounts receivable | 41 | €42,993 | €47,071 | +€4,078 | +9.5% |
| Cash at bank and in hand | 54/58 | €59,491 | €48,368 | -€11,123 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,955 | €2,044 | +€89 | +4.5% |
| Total equity and liabilities | 10/49 | €131,421 | €123,895 | -€7,525 | -5.7% |
| Equity | 10/15 | €118,922 | €108,538 | -€10,384 | -8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,335 | €23,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €21,475 | €23,335 | +€1,860 | +8.7% |
| Profit (loss) carried forward | 14 | €89,387 | €79,002 | -€10,384 | -11.6% |
| Amounts payable | 17/49 | €12,499 | €15,358 | +€2,859 | +22.9% |
| Amounts payable within one year | 42/48 | €12,499 | €15,334 | +€2,836 | +22.7% |
| Trade debts | 44 | €750 | €8,781 | +€8,032 | +1071.1% |
| Suppliers | 440/4 | €750 | €8,781 | +€8,032 | +1071.1% |
| Taxes, remuneration and social security | 45 | €11,749 | €6,553 | -€5,196 | -44.2% |
| Taxes | 450/3 | €11,749 | €3,939 | -€7,810 | -66.5% |
| Remuneration and social security | 454/9 | - | €2,614 | +€2,614 | |
| Accrued charges and deferred income | 492/3 | €0 | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,255 | €5,254 | -€1 | 0.0% |
| Other operating charges | 640/8 | €592 | €933 | +€341 | +57.7% |
| Gross operating margin | 9900 | €35,093 | -€5,444 | -€40,537 | |
| Operating profit (loss) | 9901 | €29,246 | -€11,631 | -€40,877 | |
| Financial income | 75/76B | €1,439 | €2,115 | +€675 | +46.9% |
| Recurring financial income | 75 | €1,439 | €2,115 | +€675 | +46.9% |
| Financial charges | 65/66B | €157 | €550 | +€393 | +249.7% |
| Recurring financial charges | 65 | €157 | €550 | +€393 | +249.7% |
| Profit (loss) for the period before taxes | 9903 | €30,529 | -€10,066 | -€40,595 | |
| Income taxes | 67/77 | €9,053 | €318 | -€8,735 | -96.5% |
| Profit (loss) for the period | 9904 | €21,475 | -€10,384 | -€31,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,475 | -€10,384 | -€31,860 |
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 28 September 2026 via checked.be.