EMEYES: what changed
Two fiscal 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.
EMEYES
Largest movements
- Receivables within one year +€13,514
up €13,514 (+20.2%), from €66,791 to €80,305
of which Trade receivables: +€9,239
- Tangible fixed assets -€8,158
down €8,158 (-44.3%), from €18,396 to €10,238
- Cash -€1,228
down €1,228 (-72.4%), from €1,697 to €468
mainly Net result for the year (-€15,772) and Receivables within one year (-€13,514)
- Profit (loss) carried forward -€15,772
down €15,772 (-9661.4%), from -€163 to -€15,936
- Short-term financial debts +€10,500
up €10,500 (+75.0%), from €14,000 to €24,500
- Other debts +€9,000
up €9,000 (+16.3%), from €55,105 to €64,105
- Gross operating margin +€6,122
up €6,122 (+46.9%), from -€13,054 to -€6,932
- Depreciation +€1,765
up €1,765 (+26.1%), from €6,759 to €8,524
- Other operating charges +€843
up €843 (+167.0%), from €505 to €1,348
- Financial charges +€499
up €499 (+29.2%), from €1,711 to €2,210
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 | €87,606 | €91,662 | +€4,056 | +4.6% |
| Fixed assets | 21/28 | €18,486 | €10,328 | -€8,158 | -44.1% |
| Tangible fixed assets | 22/27 | €18,396 | €10,238 | -€8,158 | -44.3% |
| Land and buildings | 22 | €6,198 | €3,099 | -€3,099 | -50.0% |
| Plant, machinery and equipment | 23 | €6,592 | €3,981 | -€2,611 | -39.6% |
| Furniture and vehicles | 24 | €5,607 | €3,158 | -€2,449 | -43.7% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €69,119 | €81,334 | +€12,214 | +17.7% |
| Amounts receivable within one year | 40/41 | €66,791 | €80,305 | +€13,514 | +20.2% |
| Trade receivables | 40 | €3,301 | €12,539 | +€9,239 | +279.9% |
| Other amounts receivable | 41 | €63,491 | €67,766 | +€4,275 | +6.7% |
| Cash at bank and in hand | 54/58 | €1,697 | €468 | -€1,228 | -72.4% |
| Deferred charges and accrued income | 490/1 | €632 | €560 | -€72 | -11.4% |
| Total equity and liabilities | 10/49 | €87,606 | €91,662 | +€4,056 | +4.6% |
| Equity | 10/15 | €14,097 | -€1,676 | -€15,772 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163 | -€15,936 | -€15,772 | -9661.4% |
| Amounts payable | 17/49 | €73,509 | €93,337 | +€19,828 | +27.0% |
| Amounts payable within one year | 42/48 | €73,509 | €93,337 | +€19,828 | +27.0% |
| Financial debts | 43 | €14,000 | €24,500 | +€10,500 | +75.0% |
| Credit institutions | 430/8 | €14,000 | €24,500 | +€10,500 | +75.0% |
| Trade debts | 44 | €3,770 | €4,118 | +€348 | +9.2% |
| Suppliers | 440/4 | €3,770 | €4,118 | +€348 | +9.2% |
| Taxes, remuneration and social security | 45 | €633 | €614 | -€19 | -3.1% |
| Taxes | 450/3 | €633 | €614 | -€19 | -3.1% |
| Other amounts payable | 47/48 | €55,105 | €64,105 | +€9,000 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,759 | €8,524 | +€1,765 | +26.1% |
| Other operating charges | 640/8 | €505 | €1,348 | +€843 | +167.0% |
| Gross operating margin | 9900 | -€13,054 | -€6,932 | +€6,122 | +46.9% |
| Operating profit (loss) | 9901 | -€20,318 | -€16,804 | +€3,514 | +17.3% |
| Financial income | 75/76B | €3,635 | €3,547 | -€88 | -2.4% |
| Recurring financial income | 75 | €3,635 | €3,547 | -€88 | -2.4% |
| Financial charges | 65/66B | €1,711 | €2,210 | +€499 | +29.2% |
| Recurring financial charges | 65 | €1,711 | €2,210 | +€499 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,395 | -€15,467 | +€2,927 | +15.9% |
| Income taxes | 67/77 | €309 | €305 | -€4 | -1.4% |
| Profit (loss) for the period | 9904 | -€18,704 | -€15,772 | +€2,932 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,704 | -€15,772 | +€2,932 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.