EMICALI: 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.
EMICALI
Largest movements
- Cash +€52,715
up €52,715 (+35.7%), from €147,556 to €200,271
mainly Net result for the year (+€40,550) and Receivables within one year (+€17,351)
- Receivables within one year -€17,351
no longer reported in 2025 (was €17,351)
- Reserves +€40,550
up €40,550 (+33.5%), from €121,161 to €161,711
- Tax, wage and social debts -€17,847
down €17,847 (-45.2%), from €39,455 to €21,608
- Other debts +€11,578
up €11,578 (+533.0%), from €2,172 to €13,750
- Gross operating margin -€103,500
down €103,500 (-65.4%), from €158,334 to €54,833
- Taxes -€23,502
down €23,502 (-64.5%), from €36,455 to €12,953
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 | €167,966 | €202,068 | +€34,101 | +20.3% |
| Fixed assets | 21/28 | €3,037 | €1,797 | -€1,240 | -40.8% |
| Tangible fixed assets | 22/27 | €3,037 | €1,797 | -€1,240 | -40.8% |
| Furniture and vehicles | 24 | €3,037 | €1,797 | -€1,240 | -40.8% |
| Current assets | 29/58 | €164,930 | €200,271 | +€35,341 | +21.4% |
| Amounts receivable within one year | 40/41 | €17,351 | - | -€17,351 | |
| Trade receivables | 40 | €17,351 | - | -€17,351 | |
| Cash at bank and in hand | 54/58 | €147,556 | €200,271 | +€52,715 | +35.7% |
| Deferred charges and accrued income | 490/1 | €23 | - | -€23 | |
| Total equity and liabilities | 10/49 | €167,966 | €202,068 | +€34,101 | +20.3% |
| Equity | 10/15 | €126,161 | €166,711 | +€40,550 | +32.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,161 | €161,711 | +€40,550 | +33.5% |
| Distributable reserves | 133 | €121,161 | €161,711 | +€40,550 | +33.5% |
| Amounts payable | 17/49 | €41,806 | €35,357 | -€6,449 | -15.4% |
| Amounts payable within one year | 42/48 | €41,779 | €35,357 | -€6,422 | -15.4% |
| Trade debts | 44 | €152 | - | -€152 | |
| Suppliers | 440/4 | €152 | - | -€152 | |
| Taxes, remuneration and social security | 45 | €39,455 | €21,608 | -€17,847 | -45.2% |
| Taxes | 450/3 | €39,455 | €21,608 | -€17,847 | -45.2% |
| Other amounts payable | 47/48 | €2,172 | €13,750 | +€11,578 | +533.0% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €1,240 | +€557 | +81.7% |
| Gross operating margin | 9900 | €158,334 | €54,833 | -€103,500 | -65.4% |
| Operating profit (loss) | 9901 | €157,651 | €53,593 | -€104,058 | -66.0% |
| Financial charges | 65/66B | €35 | €91 | +€56 | +156.4% |
| Recurring financial charges | 65 | €35 | €91 | +€56 | +156.4% |
| Profit (loss) for the period before taxes | 9903 | €157,616 | €53,502 | -€104,113 | -66.1% |
| Income taxes | 67/77 | €36,455 | €12,953 | -€23,502 | -64.5% |
| Profit (loss) for the period | 9904 | €121,161 | €40,550 | -€80,611 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €121,161 | €40,550 | -€80,611 | -66.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.