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
- Stocks and contracts +€347,636
up €347,636 (+102%), from €341,600 to €689,236
of which Stocks: +€234,378
- Receivables within one year -€60,000
down €60,000 (-94.0%), from €63,834 to €3,834
- Other debts +€275,000
up €275,000 (+104%), from €265,000 to €540,000
- Trade debts +€25,603
new in 2025: €25,603
- Profit (loss) carried forward -€14,216
down €14,216 (-43.1%), from €32,982 to €18,766
- Gross operating margin +€3,107
up €3,107 (+18.7%), from -€16,583 to -€13,477
- Financial charges -€1,130
down €1,130, from €698 to -€432
- Financial income +€437
new in 2025: €437
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 | €407,982 | €695,042 | +€287,060 | +70.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €407,982 | €695,042 | +€287,060 | +70.4% |
| Stocks and contracts in progress | 3 | €341,600 | €689,236 | +€347,636 | +102% |
| Stocks | 30/36 | €341,600 | €575,978 | +€234,378 | +68.6% |
| Contracts in progress | 37 | - | €113,257 | +€113,257 | |
| Amounts receivable within one year | 40/41 | €63,834 | €3,834 | -€60,000 | -94.0% |
| Other amounts receivable | 41 | €63,834 | €3,834 | -€60,000 | -94.0% |
| Cash at bank and in hand | 54/58 | €2,548 | €1,972 | -€576 | -22.6% |
| Total equity and liabilities | 10/49 | €407,982 | €695,042 | +€287,060 | +70.4% |
| Equity | 10/15 | €142,982 | €128,766 | -€14,216 | -9.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,982 | €18,766 | -€14,216 | -43.1% |
| Amounts payable | 17/49 | €265,000 | €566,276 | +€301,276 | +114% |
| Amounts payable within one year | 42/48 | €265,000 | €566,276 | +€301,276 | +114% |
| Trade debts | 44 | - | €25,603 | +€25,603 | |
| Suppliers | 440/4 | - | €25,603 | +€25,603 | |
| Taxes, remuneration and social security | 45 | - | €673 | +€673 | |
| Taxes | 450/3 | - | €673 | +€673 | |
| Other amounts payable | 47/48 | €265,000 | €540,000 | +€275,000 | +104% |
| Other operating charges | 640/8 | €1,586 | €1,608 | +€22 | +1.4% |
| Gross operating margin | 9900 | -€16,583 | -€13,477 | +€3,107 | +18.7% |
| Operating profit (loss) | 9901 | -€18,169 | -€15,085 | +€3,085 | +17.0% |
| Financial income | 75/76B | - | €437 | +€437 | |
| Recurring financial income | 75 | - | €437 | +€437 | |
| Financial charges | 65/66B | €698 | -€432 | -€1,130 | |
| Recurring financial charges | 65 | €698 | -€432 | -€1,130 | |
| Profit (loss) for the period before taxes | 9903 | -€18,868 | -€14,216 | +€4,652 | +24.7% |
| Profit (loss) for the period | 9904 | -€18,868 | -€14,216 | +€4,652 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,868 | -€14,216 | +€4,652 | +24.7% |
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 26 October 2026 via checked.be.