EMDRIE: 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.
EMDRIE
Largest movements
- Financial fixed assets +€48,000
up €48,000 (+78.2%), from €61,350 to €109,350
- Receivables within one year +€8,732
up €8,732 (+56.3%), from €15,500 to €24,232
of which Trade receivables: +€6,830
- Cash -€5,435
down €5,435 (-2.2%), from €243,320 to €237,885
mainly Investment in fixed assets (net) (-€48,000) and Receivables within one year (-€8,732)
- Reserves +€47,000
up €47,000 (+18.5%), from €253,622 to €300,622
- Gross operating margin -€12,248
down €12,248 (-15.4%), from €79,445 to €67,197
- Taxes -€3,161
down €3,161 (-14.9%), from €21,260 to €18,099
- Other operating charges -€1,494
down €1,494 (-68.7%), from €2,175 to €681
- Financial income -€1,101
no longer reported in 2025 (was €1,101)
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 | €323,308 | €373,577 | +€50,269 | +15.5% |
| Fixed assets | 21/28 | €64,487 | €111,460 | +€46,973 | +72.8% |
| Tangible fixed assets | 22/27 | €3,137 | €2,110 | -€1,027 | -32.7% |
| Furniture and vehicles | 24 | €3,137 | €2,110 | -€1,027 | -32.7% |
| Financial fixed assets | 28 | €61,350 | €109,350 | +€48,000 | +78.2% |
| Current assets | 29/58 | €258,821 | €262,117 | +€3,296 | +1.3% |
| Amounts receivable within one year | 40/41 | €15,500 | €24,232 | +€8,732 | +56.3% |
| Trade receivables | 40 | €11,304 | €18,134 | +€6,830 | +60.4% |
| Other amounts receivable | 41 | €4,196 | €6,098 | +€1,901 | +45.3% |
| Cash at bank and in hand | 54/58 | €243,320 | €237,885 | -€5,435 | -2.2% |
| Total equity and liabilities | 10/49 | €323,308 | €373,577 | +€50,269 | +15.5% |
| Equity | 10/15 | €291,313 | €338,389 | +€47,076 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,622 | €300,622 | +€47,000 | +18.5% |
| Distributable reserves | 133 | €253,622 | €300,622 | +€47,000 | +18.5% |
| Profit (loss) carried forward | 14 | €19,091 | €19,167 | +€76 | +0.4% |
| Amounts payable | 17/49 | €31,995 | €35,188 | +€3,193 | +10.0% |
| Amounts payable within one year | 42/48 | €31,486 | €35,188 | +€3,702 | +11.8% |
| Trade debts | 44 | €97 | €3,117 | +€3,020 | +3,100% |
| Suppliers | 440/4 | €97 | €3,117 | +€3,020 | +3,100% |
| Taxes, remuneration and social security | 45 | €22,526 | €22,667 | +€140 | +0.6% |
| Taxes | 450/3 | €22,526 | €22,667 | +€140 | +0.6% |
| Other amounts payable | 47/48 | €8,863 | €9,405 | +€542 | +6.1% |
| Accrued charges and deferred income | 492/3 | €509 | - | -€509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €698 | €1,027 | +€329 | +47.1% |
| Other operating charges | 640/8 | €2,175 | €681 | -€1,494 | -68.7% |
| Gross operating margin | 9900 | €79,445 | €67,197 | -€12,248 | -15.4% |
| Operating profit (loss) | 9901 | €76,572 | €65,489 | -€11,083 | -14.5% |
| Financial income | 75/76B | €1,101 | - | -€1,101 | |
| Recurring financial income | 75 | €1,101 | - | -€1,101 | |
| Financial charges | 65/66B | €352 | €314 | -€38 | -10.9% |
| Recurring financial charges | 65 | €352 | €314 | -€38 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €77,321 | €65,175 | -€12,146 | -15.7% |
| Income taxes | 67/77 | €21,260 | €18,099 | -€3,161 | -14.9% |
| Profit (loss) for the period | 9904 | €56,061 | €47,076 | -€8,985 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,061 | €47,076 | -€8,985 | -16.0% |
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.