EMIEL.NR: 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.
EMIEL.NR
Largest movements
- Receivables within one year -€68,360
down €68,360 (-44.5%), from €153,696 to €85,336
of which Other amounts receivable: -€52,644
- Tangible fixed assets +€22,401
up €22,401 (+349%), from €6,413 to €28,814
of which Furniture and vehicles: +€22,935
- Cash -€13,928
down €13,928 (-92.8%), from €15,003 to €1,076
mainly Contributions, distributions and other (-€109,563) and Advances received (-€50,000)
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Reserves -€39,262
down €39,262 (-53.4%), from €73,563 to €34,300
- Trade debts +€25,432
up €25,432 (+234%), from €10,872 to €36,304
- Tax, wage and social debts +€12,277
up €12,277 (+53.6%), from €22,901 to €35,178
of which Taxes: +€15,023
- Debts after one year -€5,565
no longer reported in 2025 (was €5,565)
- Gross operating margin +€72,980
up €72,980 (+113%), from €64,386 to €137,366
- Taxes +€15,151
up €15,151 (+253%), from €5,996 to €21,147
- Financial income +€5,083
up €5,083 (+77.0%), from €6,598 to €11,681
of which Non-recurring financial income: +€8,251
- Financial charges +€1,890
up €1,890 (+160%), from €1,179 to €3,069
- Staff costs -€1,576
down €1,576 (-3.1%), from €50,562 to €48,986
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 | €177,257 | €116,671 | -€60,587 | -34.2% |
| Fixed assets | 21/28 | €7,858 | €30,259 | +€22,401 | +285% |
| Tangible fixed assets | 22/27 | €6,413 | €28,814 | +€22,401 | +349% |
| Plant, machinery and equipment | 23 | €712 | €178 | -€534 | -75.0% |
| Furniture and vehicles | 24 | €5,701 | €28,636 | +€22,935 | +402% |
| Financial fixed assets | 28 | €1,445 | €1,445 | = | 0.0% |
| Current assets | 29/58 | €169,399 | €86,412 | -€82,988 | -49.0% |
| Amounts receivable within one year | 40/41 | €153,696 | €85,336 | -€68,360 | -44.5% |
| Trade receivables | 40 | €91,877 | €76,161 | -€15,716 | -17.1% |
| Other amounts receivable | 41 | €61,819 | €9,175 | -€52,644 | -85.2% |
| Cash at bank and in hand | 54/58 | €15,003 | €1,076 | -€13,928 | -92.8% |
| Deferred charges and accrued income | 490/1 | €700 | - | -€700 | |
| Total equity and liabilities | 10/49 | €177,257 | €116,671 | -€60,587 | -34.2% |
| Equity | 10/15 | €78,563 | €39,300 | -€39,262 | -50.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,563 | €34,300 | -€39,262 | -53.4% |
| Distributable reserves | 133 | €73,563 | €34,300 | -€39,262 | -53.4% |
| Amounts payable | 17/49 | €98,695 | €77,370 | -€21,324 | -21.6% |
| Amounts payable after more than one year | 17 | €5,565 | - | -€5,565 | |
| Financial debts | 170/4 | €5,565 | - | -€5,565 | |
| Amounts payable within one year | 42/48 | €93,130 | €77,370 | -€15,760 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €9,357 | €5,565 | -€3,792 | -40.5% |
| Trade debts | 44 | €10,872 | €36,304 | +€25,432 | +234% |
| Suppliers | 440/4 | €10,872 | €36,304 | +€25,432 | +234% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €22,901 | €35,178 | +€12,277 | +53.6% |
| Taxes | 450/3 | €18,060 | €33,083 | +€15,023 | +83.2% |
| Remuneration and social security | 454/9 | €4,842 | €2,095 | -€2,747 | -56.7% |
| Other amounts payable | 47/48 | - | €324 | +€324 | |
| Remuneration, social security and pensions | 62 | €50,562 | €48,986 | -€1,576 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,307 | €3,608 | +€301 | +9.1% |
| Other operating charges | 640/8 | €3,091 | €1,936 | -€1,154 | -37.4% |
| Gross operating margin | 9900 | €64,386 | €137,366 | +€72,980 | +113% |
| Operating profit (loss) | 9901 | €7,427 | €82,835 | +€75,408 | +1,015% |
| Financial income | 75/76B | €6,598 | €11,681 | +€5,083 | +77.0% |
| Recurring financial income | 75 | €3,168 | €1 | -€3,167 | -100.0% |
| Non-recurring financial income | 76B | €3,430 | €11,680 | +€8,251 | +241% |
| Financial charges | 65/66B | €1,179 | €3,069 | +€1,890 | +160% |
| Recurring financial charges | 65 | €1,179 | €3,069 | +€1,890 | +160% |
| Profit (loss) for the period before taxes | 9903 | €12,845 | €91,447 | +€78,602 | +612% |
| Income taxes | 67/77 | €5,996 | €21,147 | +€15,151 | +253% |
| Profit (loss) for the period | 9904 | €6,849 | €70,300 | +€63,451 | +926% |
| Profit (loss) for the period to be appropriated | 9905 | €6,849 | €70,300 | +€63,451 | +926% |
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 28 October 2026 via checked.be.