EMEC EXPERTISE: 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.
EMEC EXPERTISE
Largest movements
- Tangible fixed assets -€16,762
down €16,762 (-10.9%), from €153,161 to €136,399
of which Land and buildings: -€15,763
- Receivables within one year -€2,152
down €2,152 (-93.5%), from €2,303 to €150
of which Other amounts receivable: -€1,950
- Reserves +€26,928
up €26,928 (+120%), from €22,394 to €49,322
of which Distributable reserves: +€26,928
- Tax, wage and social debts -€19,651
down €19,651 (-62.9%), from €31,256 to €11,605
- Trade debts -€18,805
down €18,805 (-91.7%), from €20,506 to €1,700
- Debts after one year -€14,440
down €14,440 (-35.5%), from €40,640 to €26,200
of which Financial debts: -€16,510
- Contributions +€6,200
new in 2025: €6,200
- Gross operating margin -€24,413
down €24,413 (-23.6%), from €103,358 to €78,945
- Other operating charges -€19,443
down €19,443 (-70.7%), from €27,497 to €8,054
- Depreciation +€5,278
up €5,278 (+39.4%), from €13,391 to €18,669
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 | €184,442 | €166,041 | -€18,401 | -10.0% |
| Fixed assets | 21/28 | €153,281 | €136,519 | -€16,762 | -10.9% |
| Tangible fixed assets | 22/27 | €153,161 | €136,399 | -€16,762 | -10.9% |
| Land and buildings | 22 | €144,201 | €128,438 | -€15,763 | -10.9% |
| Furniture and vehicles | 24 | €8,960 | €7,961 | -€998 | -11.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €31,161 | €29,522 | -€1,639 | -5.3% |
| Stocks and contracts in progress | 3 | €2,892 | €2,892 | = | 0.0% |
| Stocks | 30/36 | €2,892 | €2,892 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,303 | €150 | -€2,152 | -93.5% |
| Trade receivables | 40 | €203 | - | -€203 | |
| Other amounts receivable | 41 | €2,100 | €150 | -€1,950 | -92.8% |
| Cash at bank and in hand | 54/58 | €24,220 | €23,325 | -€895 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,747 | €3,155 | +€1,408 | +80.6% |
| Total equity and liabilities | 10/49 | €184,442 | €166,041 | -€18,401 | -10.0% |
| Equity | 10/15 | €74,067 | €107,195 | +€33,128 | +44.7% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €22,394 | €49,322 | +€26,928 | +120% |
| Tax-exempt reserves | 132 | €16,194 | €16,194 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €33,128 | +€26,928 | +434% |
| Profit (loss) carried forward | 14 | €51,673 | €51,673 | = | 0.0% |
| Amounts payable | 17/49 | €110,375 | €58,846 | -€51,529 | -46.7% |
| Amounts payable after more than one year | 17 | €40,640 | €26,200 | -€14,440 | -35.5% |
| Financial debts | 170/4 | €36,440 | €19,930 | -€16,510 | -45.3% |
| Other amounts payable | 178/9 | €4,200 | €6,270 | +€2,070 | +49.3% |
| Amounts payable within one year | 42/48 | €69,736 | €32,646 | -€37,089 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €15,998 | €16,510 | +€512 | +3.2% |
| Trade debts | 44 | €20,506 | €1,700 | -€18,805 | -91.7% |
| Suppliers | 440/4 | €20,506 | €1,700 | -€18,805 | -91.7% |
| Taxes, remuneration and social security | 45 | €31,256 | €11,605 | -€19,651 | -62.9% |
| Taxes | 450/3 | €31,256 | €11,605 | -€19,651 | -62.9% |
| Other amounts payable | 47/48 | €1,976 | €2,831 | +€856 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,391 | €18,669 | +€5,278 | +39.4% |
| Other operating charges | 640/8 | €27,497 | €8,054 | -€19,443 | -70.7% |
| Non-recurring operating charges | 66A | - | €880 | +€880 | |
| Gross operating margin | 9900 | €103,358 | €78,945 | -€24,413 | -23.6% |
| Operating profit (loss) | 9901 | €62,470 | €51,342 | -€11,128 | -17.8% |
| Financial income | 75/76B | €430 | €123 | -€308 | -71.5% |
| Recurring financial income | 75 | €430 | €123 | -€308 | -71.5% |
| Financial charges | 65/66B | €2,291 | €2,428 | +€136 | +6.0% |
| Recurring financial charges | 65 | €2,291 | €2,428 | +€136 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €60,609 | €49,037 | -€11,572 | -19.1% |
| Income taxes | 67/77 | €15,858 | €15,910 | +€51 | +0.3% |
| Profit (loss) for the period | 9904 | €44,751 | €33,128 | -€11,623 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,751 | €33,128 | -€11,623 | -26.0% |
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 15 October 2026 via checked.be.