Emicals: 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.
Emicals
Largest movements
- Cash -€4,304
down €4,304 (-20.1%), from €21,446 to €17,143
mainly Other debts (-€5,299) and Tax, wage and social debts (-€291)
- Receivables within one year -€1,256
down €1,256 (-8.8%), from €14,310 to €13,054
of which Trade receivables: -€788
- Other debts -€5,299
down €5,299 (-21.3%), from €24,909 to €19,611
- Other operating charges -€4,031
down €4,031 (-85.1%), from €4,734 to €703
- Gross operating margin -€2,113
down €2,113 (-62.1%), from €3,401 to €1,289
- Financial charges -€1,709
down €1,709 (-97.4%), from €1,754 to €45
- Write-downs -€817
down €817 (-100.0%), from €817 to €0
- Taxes +€300
up €300, from €0 to €300
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 | €36,123 | €30,448 | -€5,675 | -15.7% |
| Fixed assets | 21/28 | €115 | €0 | -€115 | -100.0% |
| Tangible fixed assets | 22/27 | €115 | €0 | -€115 | -100.0% |
| Plant, machinery and equipment | 23 | €115 | €0 | -€115 | -100.0% |
| Current assets | 29/58 | €36,008 | €30,448 | -€5,560 | -15.4% |
| Amounts receivable within one year | 40/41 | €14,310 | €13,054 | -€1,256 | -8.8% |
| Trade receivables | 40 | €11,088 | €10,300 | -€788 | -7.1% |
| Other amounts receivable | 41 | €3,222 | €2,754 | -€468 | -14.5% |
| Cash at bank and in hand | 54/58 | €21,446 | €17,143 | -€4,304 | -20.1% |
| Deferred charges and accrued income | 490/1 | €252 | €252 | = | 0.0% |
| Total equity and liabilities | 10/49 | €36,123 | €30,448 | -€5,675 | -15.7% |
| Equity | 10/15 | €9,684 | €9,845 | +€161 | +1.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,316 | -€9,155 | +€161 | +1.7% |
| Amounts payable | 17/49 | €26,439 | €20,603 | -€5,836 | -22.1% |
| Amounts payable within one year | 42/48 | €26,439 | €20,603 | -€5,836 | -22.1% |
| Trade debts | 44 | €1,202 | €955 | -€247 | -20.5% |
| Suppliers | 440/4 | €1,202 | €955 | -€247 | -20.5% |
| Taxes, remuneration and social security | 45 | €328 | €37 | -€291 | -88.6% |
| Taxes | 450/3 | €328 | €37 | -€291 | -88.6% |
| Other amounts payable | 47/48 | €24,909 | €19,611 | -€5,299 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €115 | -€229 | -66.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €817 | €0 | -€817 | -100.0% |
| Other operating charges | 640/8 | €4,734 | €703 | -€4,031 | -85.1% |
| Gross operating margin | 9900 | €3,401 | €1,289 | -€2,113 | -62.1% |
| Operating profit (loss) | 9901 | -€2,494 | €470 | +€2,964 | |
| Financial income | 75/76B | €100 | €37 | -€63 | -63.2% |
| Recurring financial income | 75 | €100 | €37 | -€63 | -63.2% |
| Financial charges | 65/66B | €1,754 | €45 | -€1,709 | -97.4% |
| Recurring financial charges | 65 | €1,754 | €45 | -€1,709 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,148 | €462 | +€4,610 | |
| Income taxes | 67/77 | €0 | €300 | +€300 | |
| Profit (loss) for the period | 9904 | -€4,148 | €161 | +€4,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,148 | €161 | +€4,310 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.