EMFISC: 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.
EMFISC
Largest movements
- Cash +€47,916
up €47,916 (+179.5%), from €26,693 to €74,610
mainly Net result for the year (+€45,887) and Tax, wage and social debts (+€4,956)
- Tangible fixed assets +€4,637
new in 2025: €4,637
- Receivables within one year -€3,708
down €3,708 (-21.6%), from €17,143 to €13,436
of which Trade receivables: -€4,042
- Reserves +€45,887
up €45,887 (+199.0%), from €23,060 to €68,947
- Tax, wage and social debts +€4,956
up €4,956 (+26.8%), from €18,516 to €23,472
of which Taxes: +€4,956
- Trade debts -€1,216
down €1,216 (-100.0%), from €1,216 to €0
- Gross operating margin +€29,717
up €29,717 (+99.1%), from €29,994 to €59,711
- Taxes +€6,702
up €6,702 (+99.9%), from €6,709 to €13,412
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 | €45,326 | €94,919 | +€49,593 | +109.4% |
| Fixed assets | 21/28 | - | €4,637 | +€4,637 | |
| Tangible fixed assets | 22/27 | - | €4,637 | +€4,637 | |
| Furniture and vehicles | 24 | - | €4,637 | +€4,637 | |
| Current assets | 29/58 | €45,326 | €90,282 | +€44,956 | +99.2% |
| Amounts receivable within one year | 40/41 | €17,143 | €13,436 | -€3,708 | -21.6% |
| Trade receivables | 40 | €17,143 | €13,101 | -€4,042 | -23.6% |
| Other amounts receivable | 41 | - | €335 | +€335 | |
| Cash at bank and in hand | 54/58 | €26,693 | €74,610 | +€47,916 | +179.5% |
| Deferred charges and accrued income | 490/1 | €1,489 | €2,237 | +€748 | +50.2% |
| Total equity and liabilities | 10/49 | €45,326 | €94,919 | +€49,593 | +109.4% |
| Equity | 10/15 | €25,560 | €71,447 | +€45,887 | +179.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,060 | €68,947 | +€45,887 | +199.0% |
| Distributable reserves | 133 | €23,060 | €68,947 | +€45,887 | +199.0% |
| Amounts payable | 17/49 | €19,766 | €23,472 | +€3,707 | +18.8% |
| Amounts payable within one year | 42/48 | €19,732 | €23,472 | +€3,740 | +19.0% |
| Trade debts | 44 | €1,216 | €0 | -€1,216 | -100.0% |
| Suppliers | 440/4 | €1,216 | €0 | -€1,216 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,516 | €23,472 | +€4,956 | +26.8% |
| Taxes | 450/3 | €16,766 | €21,722 | +€4,956 | +29.6% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €33 | €0 | -€33 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €317 | +€317 | |
| Other operating charges | 640/8 | €225 | €141 | -€84 | -37.3% |
| Gross operating margin | 9900 | €29,994 | €59,711 | +€29,717 | +99.1% |
| Operating profit (loss) | 9901 | €29,769 | €59,253 | +€29,484 | +99.0% |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | - | €37 | +€37 | |
| Recurring financial charges | 65 | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | €29,769 | €59,299 | +€29,529 | +99.2% |
| Income taxes | 67/77 | €6,709 | €13,412 | +€6,702 | +99.9% |
| Profit (loss) for the period | 9904 | €23,060 | €45,887 | +€22,827 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,060 | €45,887 | +€22,827 | +99.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.