EMDY: 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.
EMDY
Largest movements
- Receivables within one year -€26,192
down €26,192 (-38.0%), from €68,890 to €42,698
of which Trade receivables: -€25,260
- Tangible fixed assets -€24,707
down €24,707 (-49.0%), from €50,442 to €25,735
of which Furniture and vehicles: -€14,220
- Cash -€19,349
no longer reported in 2025 (was €19,349)
mainly Net result for the year (-€61,440) and Debts after one year (-€11,696)
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Reserves -€61,440
down €61,440 (-87.3%), from €70,349 to €8,910
- Short-term financial debts +€13,371
new in 2025: €13,371
- Debts after one year -€11,696
down €11,696 (-67.8%), from €17,263 to €5,567
- Trade debts -€9,992
down €9,992 (-38.4%), from €25,993 to €16,001
- Current portion of long-term debt -€7,943
down €7,943 (-40.4%), from €19,639 to €11,696
- Staff costs +€45,927
up €45,927 (+49.2%), from €93,262 to €139,189
- Write-downs +€31,400
no longer reported in 2025 (was -€31,400)
- Gross operating margin -€19,879
down €19,879 (-14.1%), from €140,547 to €120,668
- Other operating charges -€17,420
down €17,420 (-89.8%), from €19,405 to €1,985
- Financial charges +€11,984
up €11,984 (+301.8%), from €3,971 to €15,954
of which Financial charges: +€10,706
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 | €157,478 | €75,642 | -€81,837 | -52.0% |
| Fixed assets | 21/28 | €54,943 | €29,549 | -€25,394 | -46.2% |
| Intangible fixed assets | 21 | €811 | €124 | -€687 | -84.7% |
| Tangible fixed assets | 22/27 | €50,442 | €25,735 | -€24,707 | -49.0% |
| Plant, machinery and equipment | 23 | €17,477 | €6,990 | -€10,487 | -60.0% |
| Furniture and vehicles | 24 | €32,965 | €18,745 | -€14,220 | -43.1% |
| Financial fixed assets | 28 | €3,690 | €3,690 | = | 0.0% |
| Current assets | 29/58 | €102,535 | €46,093 | -€56,443 | -55.0% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €68,890 | €42,698 | -€26,192 | -38.0% |
| Trade receivables | 40 | €63,830 | €38,570 | -€25,260 | -39.6% |
| Other amounts receivable | 41 | €5,060 | €4,128 | -€933 | -18.4% |
| Cash at bank and in hand | 54/58 | €19,349 | - | -€19,349 | |
| Deferred charges and accrued income | 490/1 | €4,296 | €3,395 | -€901 | -21.0% |
| Total equity and liabilities | 10/49 | €157,478 | €75,642 | -€81,837 | -52.0% |
| Equity | 10/15 | €73,349 | €11,910 | -€61,440 | -83.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,349 | €8,910 | -€61,440 | -87.3% |
| Distributable reserves | 133 | €70,349 | €8,910 | -€61,440 | -87.3% |
| Amounts payable | 17/49 | €84,129 | €63,732 | -€20,397 | -24.2% |
| Amounts payable after more than one year | 17 | €17,263 | €5,567 | -€11,696 | -67.8% |
| Financial debts | 170/4 | €17,263 | €5,567 | -€11,696 | -67.8% |
| Amounts payable within one year | 42/48 | €66,866 | €58,165 | -€8,701 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €19,639 | €11,696 | -€7,943 | -40.4% |
| Financial debts | 43 | - | €13,371 | +€13,371 | |
| Credit institutions | 430/8 | - | €13,371 | +€13,371 | |
| Trade debts | 44 | €25,993 | €16,001 | -€9,992 | -38.4% |
| Suppliers | 440/4 | €25,993 | €16,001 | -€9,992 | -38.4% |
| Taxes, remuneration and social security | 45 | €8,234 | €8,056 | -€178 | -2.2% |
| Taxes | 450/3 | €2,209 | €2,169 | -€39 | -1.8% |
| Remuneration and social security | 454/9 | €6,025 | €5,887 | -€138 | -2.3% |
| Other amounts payable | 47/48 | €13,000 | €9,041 | -€3,959 | -30.5% |
| Remuneration, social security and pensions | 62 | €93,262 | €139,189 | +€45,927 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,146 | €25,394 | +€4,248 | +20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,400 | - | +€31,400 | |
| Other operating charges | 640/8 | €19,405 | €1,985 | -€17,420 | -89.8% |
| Non-recurring operating charges | 66A | €3,677 | - | -€3,677 | |
| Gross operating margin | 9900 | €140,547 | €120,668 | -€19,879 | -14.1% |
| Operating profit (loss) | 9901 | €34,457 | -€45,900 | -€80,357 | |
| Financial income | 75/76B | €501 | €414 | -€87 | -17.3% |
| Recurring financial income | 75 | €501 | €414 | -€87 | -17.3% |
| Financial charges | 65/66B | €3,971 | €15,954 | +€11,984 | +301.8% |
| Recurring financial charges | 65 | €3,971 | €14,676 | +€10,706 | +269.6% |
| Non-recurring financial charges | 66B | - | €1,278 | +€1,278 | |
| Profit (loss) for the period before taxes | 9903 | €30,987 | -€61,440 | -€92,427 | |
| Income taxes | 67/77 | €7,027 | - | -€7,027 | |
| Profit (loss) for the period | 9904 | €23,960 | -€61,440 | -€85,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,960 | -€61,440 | -€85,400 |
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 2 October 2026 via checked.be.