EMICO: 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.
EMICO
Largest movements
- Cash +€108,978
up €108,978 (+20.6%), from €528,251 to €637,229
mainly Net result for the year (+€64,637) and Receivables within one year (+€22,134)
- Receivables within one year -€22,134
down €22,134 (-7.6%), from €290,592 to €268,458
of which Trade receivables: -€27,959
- Tangible fixed assets -€18,259
down €18,259 (-25.4%), from €71,925 to €53,666
of which Other tangible fixed assets: -€11,373
- Reserves +€64,637
up €64,637 (+13.7%), from €472,053 to €536,690
of which Distributable reserves: +€66,496
- Tax, wage and social debts -€29,808
down €29,808 (-55.7%), from €53,529 to €23,721
- Accrued charges and deferred income +€16,000
up €16,000 (+107%), from €15,000 to €31,000
- Other debts +€14,965
up €14,965 (+5.7%), from €261,538 to €276,504
- Gross operating margin -€4,759
down €4,759 (-3.6%), from €132,959 to €128,199
- Taxes -€2,285
down €2,285 (-6.7%), from €33,855 to €31,570
- Financial income -€1,713
down €1,713 (-27.0%), from €6,333 to €4,621
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 | €922,018 | €990,603 | +€68,585 | +7.4% |
| Fixed assets | 21/28 | €103,175 | €84,916 | -€18,259 | -17.7% |
| Tangible fixed assets | 22/27 | €71,925 | €53,666 | -€18,259 | -25.4% |
| Plant, machinery and equipment | 23 | €1,825 | €1,381 | -€444 | -24.3% |
| Furniture and vehicles | 24 | €24,937 | €18,495 | -€6,442 | -25.8% |
| Other tangible fixed assets | 26 | €45,163 | €33,790 | -€11,373 | -25.2% |
| Financial fixed assets | 28 | €31,250 | €31,250 | = | 0.0% |
| Current assets | 29/58 | €818,843 | €905,687 | +€86,844 | +10.6% |
| Amounts receivable within one year | 40/41 | €290,592 | €268,458 | -€22,134 | -7.6% |
| Trade receivables | 40 | €289,125 | €261,166 | -€27,959 | -9.7% |
| Other amounts receivable | 41 | €1,468 | €7,292 | +€5,825 | +397% |
| Cash at bank and in hand | 54/58 | €528,251 | €637,229 | +€108,978 | +20.6% |
| Total equity and liabilities | 10/49 | €922,018 | €990,603 | +€68,585 | +7.4% |
| Equity | 10/15 | €580,645 | €645,282 | +€64,637 | +11.1% |
| Contributions | 10/11 | €108,592 | €108,592 | = | 0.0% |
| Reserves | 13 | €472,053 | €536,690 | +€64,637 | +13.7% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €470,194 | €536,690 | +€66,496 | +14.1% |
| Amounts payable | 17/49 | €341,373 | €345,321 | +€3,948 | +1.2% |
| Amounts payable within one year | 42/48 | €326,373 | €314,321 | -€12,052 | -3.7% |
| Trade debts | 44 | €11,306 | €14,097 | +€2,791 | +24.7% |
| Suppliers | 440/4 | €11,306 | €14,097 | +€2,791 | +24.7% |
| Taxes, remuneration and social security | 45 | €53,529 | €23,721 | -€29,808 | -55.7% |
| Taxes | 450/3 | €53,529 | €23,721 | -€29,808 | -55.7% |
| Other amounts payable | 47/48 | €261,538 | €276,504 | +€14,965 | +5.7% |
| Accrued charges and deferred income | 492/3 | €15,000 | €31,000 | +€16,000 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,212 | €18,259 | +€47 | +0.3% |
| Other operating charges | 640/8 | €2,136 | €2,149 | +€13 | +0.6% |
| Gross operating margin | 9900 | €132,959 | €128,199 | -€4,759 | -3.6% |
| Operating profit (loss) | 9901 | €112,611 | €107,791 | -€4,820 | -4.3% |
| Financial income | 75/76B | €6,333 | €4,621 | -€1,713 | -27.0% |
| Recurring financial income | 75 | €6,333 | €4,621 | -€1,713 | -27.0% |
| Financial charges | 65/66B | €15,174 | €16,204 | +€1,030 | +6.8% |
| Recurring financial charges | 65 | €15,174 | €16,204 | +€1,030 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €103,770 | €96,207 | -€7,563 | -7.3% |
| Income taxes | 67/77 | €33,855 | €31,570 | -€2,285 | -6.7% |
| Profit (loss) for the period | 9904 | €69,915 | €64,637 | -€5,278 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,915 | €64,637 | -€5,278 | -7.5% |
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 14 October 2026 via checked.be.