EMFA CONCEPT: 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.
EMFA CONCEPT
Largest movements
- Receivables within one year -€10,442
down €10,442 (-87.0%), from €12,007 to €1,565
of which Trade receivables: -€10,858
- Cash +€9,783
up €9,783 (+75.2%), from €13,003 to €22,786
mainly Receivables within one year (+€10,442) and Net result for the year (+€5,918)
- Tangible fixed assets -€1,110
down €1,110 (-21.6%), from €5,128 to €4,018
- Deferred charges and accrued income -€600
no longer reported in 2025 (was €600)
- Profit (loss) carried forward +€5,918
up €5,918 (+43.9%), from €13,492 to €19,410
- Trade debts -€4,652
down €4,652 (-85.8%), from €5,423 to €771
- Other debts -€3,029
no longer reported in 2025 (was €3,029)
- Accrued charges and deferred income -€557
down €557 (-48.1%), from €1,157 to €600
- Gross operating margin -€6,060
down €6,060 (-32.6%), from €18,587 to €12,527
- Turnover -€3,670
down €3,670 (-5.4%), from €68,217 to €64,547
- Purchases and services +€2,390
up €2,390 (+4.8%), from €49,629 to €52,019
- Depreciation +€1,389
up €1,389 (+100%), from €1,387 to €2,776
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 | €30,739 | €28,369 | -€2,370 | -7.7% |
| Fixed assets | 21/28 | €5,128 | €4,018 | -€1,110 | -21.6% |
| Tangible fixed assets | 22/27 | €5,128 | €4,018 | -€1,110 | -21.6% |
| Furniture and vehicles | 24 | €5,128 | €4,018 | -€1,110 | -21.6% |
| Current assets | 29/58 | €25,611 | €24,351 | -€1,259 | -4.9% |
| Amounts receivable within one year | 40/41 | €12,007 | €1,565 | -€10,442 | -87.0% |
| Trade receivables | 40 | €10,858 | - | -€10,858 | |
| Other amounts receivable | 41 | €1,149 | €1,565 | +€416 | +36.2% |
| Cash at bank and in hand | 54/58 | €13,003 | €22,786 | +€9,783 | +75.2% |
| Deferred charges and accrued income | 490/1 | €600 | - | -€600 | |
| Total equity and liabilities | 10/49 | €30,739 | €28,369 | -€2,370 | -7.7% |
| Equity | 10/15 | €15,492 | €21,410 | +€5,918 | +38.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,492 | €19,410 | +€5,918 | +43.9% |
| Amounts payable | 17/49 | €15,247 | €6,959 | -€8,288 | -54.4% |
| Amounts payable within one year | 42/48 | €14,090 | €6,359 | -€7,731 | -54.9% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €5,423 | €771 | -€4,652 | -85.8% |
| Suppliers | 440/4 | €5,423 | €771 | -€4,652 | -85.8% |
| Taxes, remuneration and social security | 45 | €5,639 | €5,573 | -€66 | -1.2% |
| Taxes | 450/3 | €3,509 | €5,447 | +€1,938 | +55.2% |
| Remuneration and social security | 454/9 | €2,130 | €126 | -€2,004 | -94.1% |
| Other amounts payable | 47/48 | €3,029 | - | -€3,029 | |
| Accrued charges and deferred income | 492/3 | €1,157 | €600 | -€557 | -48.1% |
| Turnover | 70 | €68,217 | €64,547 | -€3,670 | -5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,629 | €52,019 | +€2,390 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,387 | €2,776 | +€1,389 | +100% |
| Other operating charges | 640/8 | €194 | €785 | +€591 | +305% |
| Gross operating margin | 9900 | €18,587 | €12,527 | -€6,060 | -32.6% |
| Operating profit (loss) | 9901 | €17,006 | €8,966 | -€8,040 | -47.3% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €14 | €101 | +€88 | +650% |
| Recurring financial charges | 65 | €14 | €101 | +€88 | +650% |
| Profit (loss) for the period before taxes | 9903 | €17,001 | €8,865 | -€8,136 | -47.9% |
| Income taxes | 67/77 | €3,509 | €2,947 | -€562 | -16.0% |
| Profit (loss) for the period | 9904 | €13,492 | €5,918 | -€7,574 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,492 | €5,918 | -€7,574 | -56.1% |
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.