EMF ENGINEERING: 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.
EMF ENGINEERING
Largest movements
- Receivables within one year +€21,332
up €21,332 (+29.8%), from €71,657 to €92,988
of which Trade receivables: +€14,211
- Tangible fixed assets +€6,475
up €6,475 (+41.8%), from €15,508 to €21,982
of which Plant, machinery and equipment: +€4,100
- Profit (loss) carried forward +€31,361
up €31,361 (+28.1%), from €111,532 to €142,893
- Other debts +€13,900
up €13,900 (+1263.9%), from €1,100 to €15,000
- Trade debts -€12,122
down €12,122 (-51.7%), from €23,440 to €11,317
- Tax, wage and social debts -€2,637
down €2,637 (-5.6%), from €46,948 to €44,311
of which Taxes: -€4,065
- Current portion of long-term debt -€2,346
down €2,346 (-54.2%), from €4,330 to €1,983
- Gross operating margin +€37,581
up €37,581 (+27.1%), from €138,844 to €176,424
- Purchases and services -€30,950
down €30,950 (-12.2%), from €254,653 to €223,703
- Staff costs +€14,095
up €14,095 (+14.7%), from €95,675 to €109,770
- Taxes +€4,438
up €4,438 (+52.6%), from €8,445 to €12,883
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 | €192,539 | €220,792 | +€28,253 | +14.7% |
| Formation expenses | 20 | €559 | €242 | -€317 | -56.8% |
| Fixed assets | 21/28 | €16,798 | €23,272 | +€6,475 | +38.5% |
| Tangible fixed assets | 22/27 | €15,508 | €21,982 | +€6,475 | +41.8% |
| Plant, machinery and equipment | 23 | €3,642 | €7,741 | +€4,100 | +112.6% |
| Furniture and vehicles | 24 | €11,866 | €14,241 | +€2,375 | +20.0% |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €175,182 | €197,278 | +€22,096 | +12.6% |
| Amounts receivable within one year | 40/41 | €71,657 | €92,988 | +€21,332 | +29.8% |
| Trade receivables | 40 | €46,550 | €60,762 | +€14,211 | +30.5% |
| Other amounts receivable | 41 | €25,106 | €32,227 | +€7,120 | +28.4% |
| Cash at bank and in hand | 54/58 | €101,570 | €100,536 | -€1,033 | -1.0% |
| Deferred charges and accrued income | 490/1 | €1,956 | €3,753 | +€1,797 | +91.9% |
| Total equity and liabilities | 10/49 | €192,539 | €220,792 | +€28,253 | +14.7% |
| Equity | 10/15 | €116,532 | €147,893 | +€31,361 | +26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,532 | €142,893 | +€31,361 | +28.1% |
| Amounts payable | 17/49 | €76,007 | €72,899 | -€3,108 | -4.1% |
| Amounts payable within one year | 42/48 | €75,818 | €72,612 | -€3,205 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €4,330 | €1,983 | -€2,346 | -54.2% |
| Trade debts | 44 | €23,440 | €11,317 | -€12,122 | -51.7% |
| Suppliers | 440/4 | €23,440 | €11,317 | -€12,122 | -51.7% |
| Taxes, remuneration and social security | 45 | €46,948 | €44,311 | -€2,637 | -5.6% |
| Taxes | 450/3 | €38,166 | €34,101 | -€4,065 | -10.6% |
| Remuneration and social security | 454/9 | €8,782 | €10,210 | +€1,428 | +16.3% |
| Other amounts payable | 47/48 | €1,100 | €15,000 | +€13,900 | +1263.9% |
| Accrued charges and deferred income | 492/3 | €190 | €287 | +€97 | +51.2% |
| Turnover | 70 | €393,497 | €392,308 | -€1,189 | -0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €254,653 | €223,703 | -€30,950 | -12.2% |
| Remuneration, social security and pensions | 62 | €95,675 | €109,770 | +€14,095 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,217 | €5,933 | +€1,716 | +40.7% |
| Other operating charges | 640/8 | €3,536 | €650 | -€2,886 | -81.6% |
| Gross operating margin | 9900 | €138,844 | €176,424 | +€37,581 | +27.1% |
| Operating profit (loss) | 9901 | €35,415 | €60,071 | +€24,655 | +69.6% |
| Financial income | 75/76B | €805 | €1,328 | +€523 | +65.0% |
| Recurring financial income | 75 | €805 | €1,328 | +€523 | +65.0% |
| Financial charges | 65/66B | €1,322 | €2,154 | +€832 | +63.0% |
| Recurring financial charges | 65 | €1,322 | €2,154 | +€832 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €34,899 | €59,244 | +€24,346 | +69.8% |
| Income taxes | 67/77 | €8,445 | €12,883 | +€4,438 | +52.6% |
| Profit (loss) for the period | 9904 | €26,453 | €46,361 | +€19,908 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,453 | €46,361 | +€19,908 | +75.3% |
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 30 September 2026 via checked.be.