EMEPP: 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.
EMEPP
Largest movements
- Deferred charges and accrued income +€70,830
new in 2025: €70,830
- Receivables within one year +€45,913
up €45,913 (+31.9%), from €144,127 to €190,040
of which Trade receivables: +€44,913
- Cash -€3,773
down €3,773 (-97.5%), from €3,871 to €97
mainly Deferred charges and accrued income (-€70,830) and Receivables within one year (-€45,913)
- Trade debts +€61,302
up €61,302 (+103%), from €59,344 to €120,645
- Reserves +€24,826
up €24,826 (+45.2%), from €54,978 to €79,804
- Other debts +€24,549
new in 2025: €24,549
- Gross operating margin -€38,079
down €38,079 (-53.1%), from €71,690 to €33,611
- Taxes -€7,538
down €7,538 (-54.8%), from €13,744 to €6,207
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 | €149,735 | €260,967 | +€111,232 | +74.3% |
| Fixed assets | 21/28 | €1,738 | €0 | -€1,738 | -100% |
| Tangible fixed assets | 22/27 | €1,738 | €0 | -€1,738 | -100% |
| Furniture and vehicles | 24 | €1,738 | €0 | -€1,738 | -100% |
| Current assets | 29/58 | €147,997 | €260,967 | +€112,970 | +76.3% |
| Amounts receivable within one year | 40/41 | €144,127 | €190,040 | +€45,913 | +31.9% |
| Trade receivables | 40 | €144,127 | €189,040 | +€44,913 | +31.2% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €3,871 | €97 | -€3,773 | -97.5% |
| Deferred charges and accrued income | 490/1 | - | €70,830 | +€70,830 | |
| Total equity and liabilities | 10/49 | €149,735 | €260,967 | +€111,232 | +74.3% |
| Equity | 10/15 | €59,978 | €84,804 | +€24,826 | +41.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,978 | €79,804 | +€24,826 | +45.2% |
| Distributable reserves | 133 | €54,978 | €79,804 | +€24,826 | +45.2% |
| Amounts payable | 17/49 | €89,757 | €176,164 | +€86,406 | +96.3% |
| Amounts payable within one year | 42/48 | €89,757 | €176,164 | +€86,406 | +96.3% |
| Trade debts | 44 | €59,344 | €120,645 | +€61,302 | +103% |
| Suppliers | 440/4 | €59,344 | €120,645 | +€61,302 | +103% |
| Taxes, remuneration and social security | 45 | €30,414 | €30,969 | +€556 | +1.8% |
| Taxes | 450/3 | €22,914 | €21,969 | -€944 | -4.1% |
| Remuneration and social security | 454/9 | €7,500 | €9,000 | +€1,500 | +20.0% |
| Other amounts payable | 47/48 | - | €24,549 | +€24,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,762 | €1,738 | -€25 | -1.4% |
| Other operating charges | 640/8 | €1,159 | €797 | -€362 | -31.2% |
| Gross operating margin | 9900 | €71,690 | €33,611 | -€38,079 | -53.1% |
| Operating profit (loss) | 9901 | €68,769 | €31,077 | -€37,692 | -54.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €47 | €44 | -€3 | -6.0% |
| Recurring financial charges | 65 | €47 | €44 | -€3 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €68,722 | €31,033 | -€37,689 | -54.8% |
| Income taxes | 67/77 | €13,744 | €6,207 | -€7,538 | -54.8% |
| Profit (loss) for the period | 9904 | €54,978 | €24,826 | -€30,152 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,978 | €24,826 | -€30,152 | -54.8% |
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.