EMIDAN: 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.
EMIDAN
Largest movements
- Tangible fixed assets +€49,800
up €49,800 (+7.9%), from €632,502 to €682,302
of which Leasing and similar rights: +€90,474
- Cash +€41,731
up €41,731 (+1,787%), from €2,336 to €44,066
mainly Depreciation (+€61,373) and Debts after one year (+€44,715)
- Receivables within one year +€13,888
up €13,888 (+15.4%), from €90,150 to €104,038
of which Trade receivables: +€13,888
- Debts after one year +€44,715
up €44,715 (+8.5%), from €528,495 to €573,210
- Profit (loss) carried forward +€39,392
up €39,392 (+233%), from €16,927 to €56,319
- Current portion of long-term debt +€14,685
up €14,685 (+38.2%), from €38,425 to €53,110
- Tax, wage and social debts +€14,087
up €14,087 (+53.4%), from €26,368 to €40,455
of which Taxes: +€15,508
- Gross operating margin +€51,680
up €51,680 (+56.5%), from €91,461 to €143,141
- Taxes +€10,649
up €10,649 (+129%), from €8,249 to €18,898
- Depreciation +€3,591
up €3,591 (+6.2%), from €57,783 to €61,373
- Other operating charges +€1,791
up €1,791 (+26.2%), from €6,845 to €8,636
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 | €725,038 | €834,763 | +€109,725 | +15.1% |
| Fixed assets | 21/28 | €632,552 | €682,352 | +€49,800 | +7.9% |
| Tangible fixed assets | 22/27 | €632,502 | €682,302 | +€49,800 | +7.9% |
| Land and buildings | 22 | €572,491 | €544,416 | -€28,075 | -4.9% |
| Plant, machinery and equipment | 23 | €5,698 | €4,858 | -€840 | -14.7% |
| Furniture and vehicles | 24 | €46,366 | €34,607 | -€11,759 | -25.4% |
| Leasing and similar rights | 25 | €7,946 | €98,420 | +€90,474 | +1,139% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €92,486 | €152,411 | +€59,925 | +64.8% |
| Amounts receivable within one year | 40/41 | €90,150 | €104,038 | +€13,888 | +15.4% |
| Trade receivables | 40 | €89,915 | €103,803 | +€13,888 | +15.4% |
| Other amounts receivable | 41 | €235 | €235 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,336 | €44,066 | +€41,731 | +1,787% |
| Deferred charges and accrued income | 490/1 | - | €4,306 | +€4,306 | |
| Total equity and liabilities | 10/49 | €725,038 | €834,763 | +€109,725 | +15.1% |
| Equity | 10/15 | €86,927 | €126,319 | +€39,392 | +45.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,927 | €56,319 | +€39,392 | +233% |
| Amounts payable | 17/49 | €638,110 | €708,444 | +€70,333 | +11.0% |
| Amounts payable after more than one year | 17 | €528,495 | €573,210 | +€44,715 | +8.5% |
| Financial debts | 170/4 | €528,495 | €573,210 | +€44,715 | +8.5% |
| Amounts payable within one year | 42/48 | €109,513 | €135,234 | +€25,721 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €38,425 | €53,110 | +€14,685 | +38.2% |
| Trade debts | 44 | €9,441 | €7,923 | -€1,518 | -16.1% |
| Suppliers | 440/4 | €9,441 | €7,923 | -€1,518 | -16.1% |
| Taxes, remuneration and social security | 45 | €26,368 | €40,455 | +€14,087 | +53.4% |
| Taxes | 450/3 | €24,947 | €40,455 | +€15,508 | +62.2% |
| Remuneration and social security | 454/9 | €1,422 | €0 | -€1,422 | -100% |
| Other amounts payable | 47/48 | €35,278 | €33,746 | -€1,533 | -4.3% |
| Accrued charges and deferred income | 492/3 | €102 | €0 | -€102 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,783 | €61,373 | +€3,591 | +6.2% |
| Other operating charges | 640/8 | €6,845 | €8,636 | +€1,791 | +26.2% |
| Gross operating margin | 9900 | €91,461 | €143,141 | +€51,680 | +56.5% |
| Operating profit (loss) | 9901 | €26,834 | €73,132 | +€46,299 | +173% |
| Financial income | 75/76B | €12 | €164 | +€151 | +1,239% |
| Recurring financial income | 75 | €12 | €164 | +€151 | +1,239% |
| Financial charges | 65/66B | €14,380 | €15,007 | +€626 | +4.4% |
| Recurring financial charges | 65 | €14,380 | €15,007 | +€626 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €12,465 | €58,289 | +€45,824 | +368% |
| Income taxes | 67/77 | €8,249 | €18,898 | +€10,649 | +129% |
| Profit (loss) for the period | 9904 | €4,216 | €39,392 | +€35,175 | +834% |
| Profit (loss) for the period to be appropriated | 9905 | €4,216 | €39,392 | +€35,175 | +834% |
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.