EMECO: 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.
EMECO
Largest movements
- Tangible fixed assets +€49,276
up €49,276 (+345.8%), from €14,250 to €63,527
of which Furniture and vehicles: +€48,050
- Receivables within one year +€11,952
up €11,952 (+54.0%), from €22,129 to €34,081
of which Other amounts receivable: +€7,888
- Cash -€2,812
down €2,812 (-3.5%), from €79,791 to €76,978
mainly Contributions, distributions and other (-€57,134) and Investment in fixed assets (net) (-€54,366)
- Other debts +€59,034
up €59,034 (+2186.6%), from €2,700 to €61,734
- Tax, wage and social debts -€6,080
down €6,080 (-58.9%), from €10,318 to €4,238
of which Taxes: -€6,080
- Trade debts +€5,462
up €5,462 (+354.5%), from €1,541 to €7,002
- Gross operating margin +€39,242
up €39,242 (+95.5%), from €41,086 to €80,328
- Taxes +€7,227
up €7,227 (+71.5%), from €10,104 to €17,331
- Depreciation +€1,438
up €1,438 (+39.4%), from €3,652 to €5,089
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 | €116,170 | €174,586 | +€58,416 | +50.3% |
| Fixed assets | 21/28 | €14,250 | €63,527 | +€49,276 | +345.8% |
| Tangible fixed assets | 22/27 | €14,250 | €63,527 | +€49,276 | +345.8% |
| Plant, machinery and equipment | 23 | €6,743 | €8,364 | +€1,621 | +24.0% |
| Furniture and vehicles | 24 | €3,788 | €51,838 | +€48,050 | +1268.6% |
| Other tangible fixed assets | 26 | €3,720 | €3,325 | -€395 | -10.6% |
| Current assets | 29/58 | €101,920 | €111,059 | +€9,140 | +9.0% |
| Amounts receivable within one year | 40/41 | €22,129 | €34,081 | +€11,952 | +54.0% |
| Trade receivables | 40 | €22,125 | €26,189 | +€4,064 | +18.4% |
| Other amounts receivable | 41 | €4 | €7,892 | +€7,888 | +205418.5% |
| Cash at bank and in hand | 54/58 | €79,791 | €76,978 | -€2,812 | -3.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €116,170 | €174,586 | +€58,416 | +50.3% |
| Equity | 10/15 | €101,611 | €101,611 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €95,611 | €95,611 | = | 0.0% |
| Distributable reserves | 133 | €95,611 | €95,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,559 | €72,975 | +€58,416 | +401.3% |
| Amounts payable within one year | 42/48 | €14,559 | €72,975 | +€58,416 | +401.3% |
| Trade debts | 44 | €1,541 | €7,002 | +€5,462 | +354.5% |
| Suppliers | 440/4 | €1,541 | €7,002 | +€5,462 | +354.5% |
| Taxes, remuneration and social security | 45 | €10,318 | €4,238 | -€6,080 | -58.9% |
| Taxes | 450/3 | €7,818 | €1,738 | -€6,080 | -77.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €2,700 | €61,734 | +€59,034 | +2186.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,652 | €5,089 | +€1,438 | +39.4% |
| Other operating charges | 640/8 | €311 | €730 | +€420 | +135.1% |
| Gross operating margin | 9900 | €41,086 | €80,328 | +€39,242 | +95.5% |
| Operating profit (loss) | 9901 | €37,124 | €74,508 | +€37,385 | +100.7% |
| Financial income | 75/76B | €11 | €2 | -€9 | -79.3% |
| Recurring financial income | 75 | €11 | €2 | -€9 | -79.3% |
| Financial charges | 65/66B | €45 | €46 | +€1 | +3.2% |
| Recurring financial charges | 65 | €45 | €46 | +€1 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €37,091 | €74,465 | +€37,374 | +100.8% |
| Income taxes | 67/77 | €10,104 | €17,331 | +€7,227 | +71.5% |
| Profit (loss) for the period | 9904 | €26,986 | €57,134 | +€30,147 | +111.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,986 | €57,134 | +€30,147 | +111.7% |
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 9 October 2026 via checked.be.