Emiel Development: 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.
Emiel Development
Largest movements
- Stocks and contracts +€3.5m
up €3.5m (+449.0%), from €775,795 to €4.3m
of which Contracts in progress: +€1.8m
- Receivables within one year +€2.9m
up €2.9m (+2606.1%), from €110,850 to €3.0m
of which Other amounts receivable: +€2.8m
- Other debts +€3.8m
up €3.8m (+428.3%), from €888,458 to €4.7m
- Advances received +€2.5m
up €2.5m (+11053.5%), from €22,500 to €2.5m
- Profit (loss) carried forward -€104,654
down €104,654 (-84.8%), from -€123,398 to -€228,052
- Accrued charges and deferred income +€79,164
up €79,164 (+573.8%), from €13,796 to €92,961
- Financial charges +€87,541
up €87,541 (+1031.7%), from €8,485 to €96,026
- Financial income +€81,220
up €81,220 (+2760.1%), from €2,943 to €84,162
- Gross operating margin +€24,731
up €24,731 (+21.2%), from -€116,563 to -€91,832
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 | €973,209 | €7,301,291 | +€6.3m | +650.2% |
| Current assets | 29/58 | €973,209 | €7,301,291 | +€6.3m | +650.2% |
| Stocks and contracts in progress | 3 | €775,795 | €4,259,319 | +€3.5m | +449.0% |
| Stocks | 30/36 | €598,526 | €2,326,040 | +€1.7m | +288.6% |
| Contracts in progress | 37 | €177,269 | €1,933,279 | +€1.8m | +990.6% |
| Amounts receivable within one year | 40/41 | €110,850 | €2,999,741 | +€2.9m | +2606.1% |
| Trade receivables | 40 | - | €117,532 | +€117,532 | |
| Other amounts receivable | 41 | €110,850 | €2,882,209 | +€2.8m | +2500.1% |
| Cash at bank and in hand | 54/58 | €405 | €291 | -€114 | -28.1% |
| Deferred charges and accrued income | 490/1 | €86,159 | €41,940 | -€44,219 | -51.3% |
| Total equity and liabilities | 10/49 | €973,209 | €7,301,291 | +€6.3m | +650.2% |
| Equity | 10/15 | €26,602 | -€78,052 | -€104,654 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,398 | -€228,052 | -€104,654 | -84.8% |
| Amounts payable | 17/49 | €946,606 | €7,379,343 | +€6.4m | +679.6% |
| Amounts payable within one year | 42/48 | €932,810 | €7,286,382 | +€6.4m | +681.1% |
| Trade debts | 44 | €20,983 | €32,796 | +€11,813 | +56.3% |
| Suppliers | 440/4 | €20,983 | €32,796 | +€11,813 | +56.3% |
| Advances received on contracts in progress | 46 | €22,500 | €2,509,530 | +€2.5m | +11053.5% |
| Taxes, remuneration and social security | 45 | €869 | €50,580 | +€49,711 | +5720.0% |
| Taxes | 450/3 | €869 | €50,580 | +€49,711 | +5720.0% |
| Other amounts payable | 47/48 | €888,458 | €4,693,476 | +€3.8m | +428.3% |
| Accrued charges and deferred income | 492/3 | €13,796 | €92,961 | +€79,164 | +573.8% |
| Other operating charges | 640/8 | €1,292 | €959 | -€334 | -25.8% |
| Gross operating margin | 9900 | -€116,563 | -€91,832 | +€24,731 | +21.2% |
| Operating profit (loss) | 9901 | -€117,855 | -€92,790 | +€25,065 | +21.3% |
| Financial income | 75/76B | €2,943 | €84,162 | +€81,220 | +2760.1% |
| Recurring financial income | 75 | €2,943 | €84,162 | +€81,220 | +2760.1% |
| Financial charges | 65/66B | €8,485 | €96,026 | +€87,541 | +1031.7% |
| Recurring financial charges | 65 | €8,485 | €96,026 | +€87,541 | +1031.7% |
| Profit (loss) for the period before taxes | 9903 | -€123,398 | -€104,654 | +€18,744 | +15.2% |
| Profit (loss) for the period | 9904 | -€123,398 | -€104,654 | +€18,744 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,398 | -€104,654 | +€18,744 | +15.2% |
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.