EMI: 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.
EMI
Largest movements
- Tangible fixed assets -€26,517
down €26,517 (-6.6%), from €399,546 to €373,029
- Receivables within one year +€21,486
up €21,486 (+53.0%), from €40,565 to €62,051
- Other debts -€35,660
down €35,660 (-24.7%), from €144,234 to €108,574
- Reserves +€22,101
up €22,101 (+14.5%), from €152,487 to €174,588
- Tax, wage and social debts +€11,361
up €11,361 (+4,198%), from €271 to €11,632
- Gross operating margin +€35,071
up €35,071 (+318%), from €11,043 to €46,113
- Taxes +€11,361
up €11,361 (+4,198%), from €271 to €11,632
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,808 | €436,297 | -€4,511 | -1.0% |
| Fixed assets | 21/28 | €399,546 | €373,029 | -€26,517 | -6.6% |
| Tangible fixed assets | 22/27 | €399,546 | €373,029 | -€26,517 | -6.6% |
| Land and buildings | 22 | €399,546 | €373,029 | -€26,517 | -6.6% |
| Current assets | 29/58 | €41,262 | €63,268 | +€22,006 | +53.3% |
| Amounts receivable within one year | 40/41 | €40,565 | €62,051 | +€21,486 | +53.0% |
| Other amounts receivable | 41 | €40,565 | €62,051 | +€21,486 | +53.0% |
| Deferred charges and accrued income | 490/1 | €697 | €1,217 | +€520 | +74.5% |
| Total equity and liabilities | 10/49 | €440,808 | €436,297 | -€4,511 | -1.0% |
| Equity | 10/15 | €272,487 | €294,588 | +€22,101 | +8.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Contributions outside capital | 11 | €120,000 | €120,000 | = | 0.0% |
| Other | 1109/19 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €152,487 | €174,588 | +€22,101 | +14.5% |
| Distributable reserves | 133 | €152,487 | €174,588 | +€22,101 | +14.5% |
| Amounts payable | 17/49 | €168,321 | €141,709 | -€26,612 | -15.8% |
| Amounts payable within one year | 42/48 | €166,257 | €139,643 | -€26,614 | -16.0% |
| Financial debts | 43 | €19,090 | €19,437 | +€347 | +1.8% |
| Credit institutions | 430/8 | €19,090 | €19,437 | +€347 | +1.8% |
| Trade debts | 44 | €2,662 | - | -€2,662 | |
| Suppliers | 440/4 | €2,662 | - | -€2,662 | |
| Taxes, remuneration and social security | 45 | €271 | €11,632 | +€11,361 | +4,198% |
| Taxes | 450/3 | €271 | €11,632 | +€11,361 | +4,198% |
| Other amounts payable | 47/48 | €144,234 | €108,574 | -€35,660 | -24.7% |
| Accrued charges and deferred income | 492/3 | €2,064 | €2,066 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,287 | €7,287 | = | 0.0% |
| Other operating charges | 640/8 | €2,895 | €3,088 | +€193 | +6.7% |
| Gross operating margin | 9900 | €11,043 | €46,113 | +€35,071 | +318% |
| Operating profit (loss) | 9901 | €860 | €35,738 | +€34,878 | +4,054% |
| Financial charges | 65/66B | €1,955 | €2,006 | +€51 | +2.6% |
| Recurring financial charges | 65 | €1,955 | €2,006 | +€51 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,094 | €33,732 | +€34,827 | |
| Income taxes | 67/77 | €271 | €11,632 | +€11,361 | +4,198% |
| Profit (loss) for the period | 9904 | -€1,365 | €22,101 | +€23,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,365 | €22,101 | +€23,466 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.