EMEK: 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.
EMEK
Largest movements
- Tangible fixed assets +€11,516
up €11,516 (+125%), from €9,212 to €20,728
of which Furniture and vehicles: +€13,682
- Cash -€3,329
down €3,329 (-100%), from €3,329 to €0
mainly Trade debts (-€27,458) and Contributions, distributions and other (-€17,647)
- Receivables within one year +€2,022
up €2,022 (+1.7%), from €116,185 to €118,207
of which Other amounts receivable: +€6,006
- Trade debts -€27,458
down €27,458 (-39.9%), from €68,830 to €41,372
- Tax, wage and social debts +€20,844
up €20,844 (+189%), from €11,002 to €31,846
of which Remuneration and social security: +€16,400
- Other debts +€15,000
new in 2025: €15,000
- Gross operating margin +€93,621
up €93,621 (+47.7%), from €196,317 to €289,939
- Staff costs +€88,010
up €88,010 (+54.4%), from €161,703 to €249,714
- Financial charges +€10,276
up €10,276 (+1,369%), from €751 to €11,026
of which Non-recurring financial charges: +€8,414
- Financial income +€9,293
up €9,293 (+3,063%), from €303 to €9,597
of which Non-recurring financial income: +€8,984
- Depreciation +€3,083
up €3,083 (+109%), from €2,827 to €5,910
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 | €128,725 | €138,935 | +€10,209 | +7.9% |
| Fixed assets | 21/28 | €9,212 | €20,728 | +€11,516 | +125% |
| Tangible fixed assets | 22/27 | €9,212 | €20,728 | +€11,516 | +125% |
| Plant, machinery and equipment | 23 | €4,481 | €2,314 | -€2,167 | -48.4% |
| Furniture and vehicles | 24 | €4,731 | €18,413 | +€13,682 | +289% |
| Current assets | 29/58 | €119,513 | €118,207 | -€1,306 | -1.1% |
| Amounts receivable within one year | 40/41 | €116,185 | €118,207 | +€2,022 | +1.7% |
| Trade receivables | 40 | €91,049 | €87,066 | -€3,983 | -4.4% |
| Other amounts receivable | 41 | €25,135 | €31,141 | +€6,006 | +23.9% |
| Cash at bank and in hand | 54/58 | €3,329 | €0 | -€3,329 | -100% |
| Total equity and liabilities | 10/49 | €128,725 | €138,935 | +€10,209 | +7.9% |
| Equity | 10/15 | €48,893 | €49,849 | +€956 | +2.0% |
| Reserves | 13 | €48,893 | €49,849 | +€956 | +2.0% |
| Distributable reserves | 133 | €48,893 | €49,849 | +€956 | +2.0% |
| Amounts payable | 17/49 | €79,832 | €89,085 | +€9,253 | +11.6% |
| Amounts payable within one year | 42/48 | €79,832 | €89,085 | +€9,253 | +11.6% |
| Financial debts | 43 | - | €867 | +€867 | |
| Credit institutions | 430/8 | - | €867 | +€867 | |
| Trade debts | 44 | €68,830 | €41,372 | -€27,458 | -39.9% |
| Suppliers | 440/4 | €68,830 | €41,372 | -€27,458 | -39.9% |
| Taxes, remuneration and social security | 45 | €11,002 | €31,846 | +€20,844 | +189% |
| Taxes | 450/3 | €9,066 | €13,510 | +€4,443 | +49.0% |
| Remuneration and social security | 454/9 | €1,936 | €18,336 | +€16,400 | +847% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €161,703 | €249,714 | +€88,010 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €5,910 | +€3,083 | +109% |
| Other operating charges | 640/8 | €2,981 | €2,932 | -€49 | -1.7% |
| Gross operating margin | 9900 | €196,317 | €289,939 | +€93,621 | +47.7% |
| Operating profit (loss) | 9901 | €28,805 | €31,383 | +€2,577 | +8.9% |
| Financial income | 75/76B | €303 | €9,597 | +€9,293 | +3,063% |
| Recurring financial income | 75 | €303 | €613 | +€309 | +102% |
| Non-recurring financial income | 76B | - | €8,984 | +€8,984 | |
| Financial charges | 65/66B | €751 | €11,026 | +€10,276 | +1,369% |
| Recurring financial charges | 65 | €751 | €2,612 | +€1,862 | +248% |
| Non-recurring financial charges | 66B | - | €8,414 | +€8,414 | |
| Profit (loss) for the period before taxes | 9903 | €28,358 | €29,953 | +€1,595 | +5.6% |
| Income taxes | 67/77 | €9,066 | €11,349 | +€2,283 | +25.2% |
| Profit (loss) for the period | 9904 | €19,292 | €18,603 | -€688 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,292 | €18,603 | -€688 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.