EMIBAT: what changed
Two fiscal 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.
EMIBAT
Largest movements
- Tangible fixed assets -€36,497
down €36,497 (-3.1%), from €1.2m to €1.2m
- Cash -€16,791
down €16,791 (-41.0%), from €40,950 to €24,159
mainly Debts after one year (-€50,514) and Contributions, distributions and other (-€27,000)
- Debts after one year -€50,514
down €50,514 (-7.8%), from €645,519 to €595,005
- Tax, wage and social debts -€15,650
down €15,650 (-97.5%), from €16,056 to €407
- Reserves +€12,423
up €12,423 (+4.6%), from €269,585 to €282,008
of which Distributable reserves: +€10,452
- Other operating charges -€2,155
down €2,155 (-13.6%), from €15,796 to €13,642
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,232,571 | €1,177,933 | -€54,638 | -4.4% |
| Fixed assets | 21/28 | €1,190,272 | €1,153,774 | -€36,497 | -3.1% |
| Tangible fixed assets | 22/27 | €1,190,272 | €1,153,774 | -€36,497 | -3.1% |
| Land and buildings | 22 | €1,190,272 | €1,153,774 | -€36,497 | -3.1% |
| Current assets | 29/58 | €42,300 | €24,159 | -€18,141 | -42.9% |
| Amounts receivable within one year | 40/41 | €1,350 | - | -€1,350 | |
| Trade receivables | 40 | €1,350 | - | -€1,350 | |
| Cash at bank and in hand | 54/58 | €40,950 | €24,159 | -€16,791 | -41.0% |
| Total equity and liabilities | 10/49 | €1,232,571 | €1,177,933 | -€54,638 | -4.4% |
| Equity | 10/15 | €519,585 | €532,008 | +€12,423 | +2.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €269,585 | €282,008 | +€12,423 | +4.6% |
| Non-distributable reserves | 130/1 | €20,736 | €22,708 | +€1,971 | +9.5% |
| Legal reserve | 130 | €20,736 | €22,708 | +€1,971 | +9.5% |
| Distributable reserves | 133 | €248,848 | €259,300 | +€10,452 | +4.2% |
| Amounts payable | 17/49 | €712,987 | €645,925 | -€67,061 | -9.4% |
| Amounts payable after more than one year | 17 | €645,519 | €595,005 | -€50,514 | -7.8% |
| Financial debts | 170/4 | €645,519 | €595,005 | -€50,514 | -7.8% |
| Amounts payable within one year | 42/48 | €67,468 | €50,921 | -€16,547 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €50,012 | €50,514 | +€502 | +1.0% |
| Trade debts | 44 | €1,400 | - | -€1,400 | |
| Suppliers | 440/4 | €1,400 | - | -€1,400 | |
| Taxes, remuneration and social security | 45 | €16,056 | €407 | -€15,650 | -97.5% |
| Taxes | 450/3 | €16,056 | €407 | -€15,650 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,497 | €36,497 | = | 0.0% |
| Other operating charges | 640/8 | €15,796 | €13,642 | -€2,155 | -13.6% |
| Gross operating margin | 9900 | €114,989 | €114,879 | -€110 | -0.1% |
| Operating profit (loss) | 9901 | €62,695 | €64,740 | +€2,044 | +3.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,363 | €6,882 | -€481 | -6.5% |
| Recurring financial charges | 65 | €7,363 | €6,882 | -€481 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €55,333 | €57,858 | +€2,525 | +4.6% |
| Income taxes | 67/77 | €17,637 | €18,435 | +€798 | +4.5% |
| Profit (loss) for the period | 9904 | €37,696 | €39,423 | +€1,727 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,696 | €39,423 | +€1,727 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.