EMIE-PLUS: 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.
EMIE-PLUS
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-95.9%), from €1.8m to €76,392
of which Trade receivables: -€1.8m
- Stocks and contracts -€563,926
down €563,926 (-13.7%), from €4.1m to €3.6m
- Cash +€166,753
up €166,753 (+95.0%), from €175,539 to €342,291
mainly Receivables within one year (+€1.8m) and Stocks and contracts (+€563,926)
- Short-term financial debts -€1.9m
down €1.9m (-100%), from €1.9m to €0
- Debts after one year -€201,594
down €201,594 (-4.9%), from €4.2m to €4.0m
- Tax, wage and social debts -€76,395
down €76,395 (-100%), from €76,395 to €0
- Write-downs -€349,721
down €349,721 (-71.6%), from €488,753 to €139,032
- Gross operating margin -€318,864
down €318,864 (-68.3%), from €466,683 to €147,819
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 | €6,344,403 | €4,186,706 | -€2.2m | -34.0% |
| Fixed assets | 21/28 | - | €9,657 | +€9,657 | |
| Tangible fixed assets | 22/27 | - | €9,657 | +€9,657 | |
| Furniture and vehicles | 24 | - | €9,657 | +€9,657 | |
| Current assets | 29/58 | €6,344,403 | €4,177,049 | -€2.2m | -34.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Trade receivables | 290 | €200,000 | €0 | -€200,000 | -100% |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €4,121,364 | €3,557,438 | -€563,926 | -13.7% |
| Stocks | 30/36 | €4,121,364 | €3,557,438 | -€563,926 | -13.7% |
| Amounts receivable within one year | 40/41 | €1,847,500 | €76,392 | -€1.8m | -95.9% |
| Trade receivables | 40 | €1,847,500 | €0 | -€1.8m | -100% |
| Other amounts receivable | 41 | - | €76,392 | +€76,392 | |
| Cash at bank and in hand | 54/58 | €175,539 | €342,291 | +€166,753 | +95.0% |
| Deferred charges and accrued income | 490/1 | - | €928 | +€928 | |
| Total equity and liabilities | 10/49 | €6,344,403 | €4,186,706 | -€2.2m | -34.0% |
| Equity | 10/15 | €125,058 | €129,971 | +€4,913 | +3.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,942 | -€70,029 | +€4,913 | +6.6% |
| Amounts payable | 17/49 | €6,219,345 | €4,056,735 | -€2.2m | -34.8% |
| Amounts payable after more than one year | 17 | €4,155,760 | €3,954,166 | -€201,594 | -4.9% |
| Financial debts | 170/4 | €4,155,760 | €3,954,166 | -€201,594 | -4.9% |
| Amounts payable within one year | 42/48 | €2,047,357 | €102,569 | -€1.9m | -95.0% |
| Financial debts | 43 | €1,890,500 | €0 | -€1.9m | -100% |
| Credit institutions | 430/8 | €1,890,500 | €0 | -€1.9m | -100% |
| Trade debts | 44 | €80,462 | €102,539 | +€22,077 | +27.4% |
| Suppliers | 440/4 | €80,462 | €102,539 | +€22,077 | +27.4% |
| Taxes, remuneration and social security | 45 | €76,395 | €0 | -€76,395 | -100% |
| Taxes | 450/3 | €76,395 | €0 | -€76,395 | -100% |
| Other amounts payable | 47/48 | - | €30 | +€30 | |
| Accrued charges and deferred income | 492/3 | €16,227 | €0 | -€16,227 | -100% |
| Remuneration, social security and pensions | 62 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €833 | +€833 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €488,753 | €139,032 | -€349,721 | -71.6% |
| Other operating charges | 640/8 | €4,099 | €2,424 | -€1,675 | -40.9% |
| Gross operating margin | 9900 | €466,683 | €147,819 | -€318,864 | -68.3% |
| Operating profit (loss) | 9901 | -€26,168 | €5,518 | +€31,687 | |
| Financial income | 75/76B | €112 | €133 | +€21 | +18.7% |
| Recurring financial income | 75 | €112 | €133 | +€21 | +18.7% |
| Financial charges | 65/66B | €3,070 | €739 | -€2,331 | -75.9% |
| Recurring financial charges | 65 | €3,070 | €739 | -€2,331 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,126 | €4,913 | +€34,039 | |
| Income taxes | 67/77 | €22 | €0 | -€22 | -100% |
| Profit (loss) for the period | 9904 | -€29,148 | €4,913 | +€34,061 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,148 | €4,913 | +€34,061 |
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.