EMFIOS: 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.
EMFIOS
Largest movements
- Current assets +€1.9m
up €1.9m (+45.1%), from €4.2m to €6.1m
of which Current investments: +€1.0m
- Reserves +€1.7m
up €1.7m (+47.8%), from €3.5m to €5.1m
No income-statement line moved by more than 1% of the activity.
From the 2013 result to the 2014 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2013 | 2014 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,863,165 | €38,733,415 | +€1.9m | +5.1% |
| Fixed assets | 21/28 | €32,672,558 | €32,652,673 | -€19,885 | -0.1% |
| Intangible fixed assets | 21 | €1,424 | €1,124 | -€300 | -21.1% |
| Tangible fixed assets | 22/27 | €46,134 | €26,549 | -€19,585 | -42.5% |
| Financial fixed assets | 28 | €32,625,000 | €32,625,000 | = | 0.0% |
| Current assets | 29/58 | €4,190,607 | €6,080,742 | +€1.9m | +45.1% |
| Amounts receivable within one year | 40/41 | €975,780 | €979,800 | +€4,020 | +0.4% |
| Current investments | 50/53 | €2,278,999 | €3,309,699 | +€1.0m | +45.2% |
| Cash at bank and in hand | 54/58 | €925,603 | €1,778,554 | +€852,952 | +92.2% |
| Total equity and liabilities | 10/49 | €36,863,165 | €38,733,415 | +€1.9m | +5.1% |
| Equity | 10/15 | €36,631,729 | €38,476,476 | +€1.8m | +5.0% |
| Contributions | 10/11 | €32,688,000 | €32,688,000 | = | 0.0% |
| Reserves | 13 | €3,450,000 | €5,100,000 | +€1.7m | +47.8% |
| Profit (loss) carried forward | 14 | €493,729 | €688,476 | +€194,747 | +39.4% |
| Amounts payable | 17/49 | €231,435 | €256,939 | +€25,503 | +11.0% |
| Amounts payable within one year | 42/48 | €231,435 | €256,939 | +€25,503 | +11.0% |
| Trade debts | 44 | €13,686 | €14,863 | +€1,178 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,453 | €20,986 | -€2,466 | -10.5% |
| Gross operating margin | 9900 | €1,295,859 | €1,305,189 | +€9,329 | +0.7% |
| Operating profit (loss) | 9901 | €1,270,236 | €1,281,781 | +€11,545 | +0.9% |
| Recurring financial income | 75 | €1,166,191 | €1,202,807 | +€36,616 | +3.1% |
| Recurring financial charges | 65 | €58,478 | €240,115 | +€181,638 | +311% |
| Profit (loss) for the period before taxes | 9903 | €2,377,949 | €2,244,472 | -€133,477 | -5.6% |
| Income taxes | 67/77 | €403,890 | €399,725 | -€4,165 | -1.0% |
| Profit (loss) for the period | 9904 | €1,974,059 | €1,844,747 | -€129,312 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,824,059 | €1,694,747 | -€129,312 | -7.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2013 and 31 December 2014. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.