EMGILEM: 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.
EMGILEM
Largest movements
- Tangible fixed assets +€43,226
up €43,226 (+335%), from €12,907 to €56,133
of which Furniture and vehicles: +€44,810
- Cash +€25,881
up €25,881 (+25.7%), from €100,593 to €126,474
mainly Debts after one year (+€34,928) and Net result for the year (+€13,731)
- Receivables within one year -€7,196
down €7,196 (-25.6%), from €28,063 to €20,867
of which Trade receivables: -€10,042
- Debts after one year +€34,928
new in 2025: €34,928
- Reserves +€13,731
up €13,731 (+14.5%), from €94,655 to €108,385
- Current portion of long-term debt +€8,510
up €8,510 (+310%), from €2,750 to €11,260
- Other debts +€4,989
up €4,989 (+32.6%), from €15,290 to €20,279
- Gross operating margin -€16,259
down €16,259 (-36.5%), from €44,517 to €28,258
- Taxes -€4,167
down €4,167 (-44.7%), from €9,322 to €5,155
- Depreciation +€1,407
up €1,407 (+32.1%), from €4,388 to €5,795
- Financial charges +€539
up €539 (+28.6%), from €1,884 to €2,423
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 | €143,599 | €205,902 | +€62,303 | +43.4% |
| Fixed assets | 21/28 | €13,107 | €56,333 | +€43,226 | +330% |
| Tangible fixed assets | 22/27 | €12,907 | €56,133 | +€43,226 | +335% |
| Plant, machinery and equipment | 23 | €8,977 | €8,833 | -€144 | -1.6% |
| Furniture and vehicles | 24 | €1,381 | €46,190 | +€44,810 | +3,245% |
| Other tangible fixed assets | 26 | €2,550 | €1,110 | -€1,440 | -56.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €130,492 | €149,569 | +€19,077 | +14.6% |
| Amounts receivable within one year | 40/41 | €28,063 | €20,867 | -€7,196 | -25.6% |
| Trade receivables | 40 | €28,063 | €18,021 | -€10,042 | -35.8% |
| Other amounts receivable | 41 | - | €2,845 | +€2,845 | |
| Cash at bank and in hand | 54/58 | €100,593 | €126,474 | +€25,881 | +25.7% |
| Deferred charges and accrued income | 490/1 | €1,836 | €2,229 | +€393 | +21.4% |
| Total equity and liabilities | 10/49 | €143,599 | €205,902 | +€62,303 | +43.4% |
| Equity | 10/15 | €113,255 | €126,985 | +€13,731 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,655 | €108,385 | +€13,731 | +14.5% |
| Distributable reserves | 133 | €94,655 | €108,385 | +€13,731 | +14.5% |
| Amounts payable | 17/49 | €30,345 | €78,917 | +€48,572 | +160% |
| Amounts payable after more than one year | 17 | - | €34,928 | +€34,928 | |
| Financial debts | 170/4 | - | €34,928 | +€34,928 | |
| Amounts payable within one year | 42/48 | €28,215 | €41,093 | +€12,877 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €2,750 | €11,260 | +€8,510 | +310% |
| Trade debts | 44 | €1,598 | €2,075 | +€478 | +29.9% |
| Suppliers | 440/4 | €1,598 | €2,075 | +€478 | +29.9% |
| Taxes, remuneration and social security | 45 | €8,578 | €7,479 | -€1,100 | -12.8% |
| Taxes | 450/3 | €6,578 | €5,479 | -€1,100 | -16.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €15,290 | €20,279 | +€4,989 | +32.6% |
| Accrued charges and deferred income | 492/3 | €2,129 | €2,897 | +€768 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,388 | €5,795 | +€1,407 | +32.1% |
| Other operating charges | 640/8 | €1,992 | €2,001 | +€9 | +0.4% |
| Gross operating margin | 9900 | €44,517 | €28,258 | -€16,259 | -36.5% |
| Operating profit (loss) | 9901 | €38,137 | €20,462 | -€17,675 | -46.3% |
| Financial income | 75/76B | €566 | €846 | +€280 | +49.6% |
| Recurring financial income | 75 | €566 | €846 | +€280 | +49.6% |
| Financial charges | 65/66B | €1,884 | €2,423 | +€539 | +28.6% |
| Recurring financial charges | 65 | €1,884 | €2,423 | +€539 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €36,819 | €18,885 | -€17,933 | -48.7% |
| Income taxes | 67/77 | €9,322 | €5,155 | -€4,167 | -44.7% |
| Profit (loss) for the period | 9904 | €27,497 | €13,731 | -€13,766 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,497 | €13,731 | -€13,766 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.