EMIGJORN: 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.
EMIGJORN
Largest movements
- Stocks and contracts -€4,654
down €4,654 (-45.6%), from €10,199 to €5,545
- Cash -€4,574
down €4,574 (-62.0%), from €7,378 to €2,804
mainly Tax, wage and social debts (-€8,098) and Net result for the year (-€5,088)
- Tangible fixed assets -€3,977
down €3,977 (-13.2%), from €30,147 to €26,170
of which Land and buildings: -€2,442
- Receivables within one year +€883
up €883 (+2.4%), from €36,981 to €37,864
of which Trade receivables: +€1,013
- Tax, wage and social debts -€8,098
down €8,098 (-37.2%), from €21,784 to €13,686
of which Taxes: -€9,660
- Reserves -€5,100
down €5,100 (-16.9%), from €30,100 to €25,000
- Other debts +€1,353
up €1,353, from €0 to €1,353
- Accrued charges and deferred income -€953
no longer reported in 2025 (was €953)
- Gross operating margin -€24,214
down €24,214 (-64.9%), from €37,300 to €13,086
- Staff costs -€3,810
down €3,810 (-23.8%), from €16,003 to €12,193
- Taxes -€3,503
no longer reported in 2025 (was €3,503)
- Financial charges -€863
down €863 (-36.7%), from €2,348 to €1,485
- Other operating charges -€632
down €632 (-54.9%), from €1,150 to €518
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 | €84,704 | €72,383 | -€12,321 | -14.5% |
| Fixed assets | 21/28 | €30,147 | €26,170 | -€3,977 | -13.2% |
| Tangible fixed assets | 22/27 | €30,147 | €26,170 | -€3,977 | -13.2% |
| Land and buildings | 22 | €21,847 | €19,404 | -€2,442 | -11.2% |
| Plant, machinery and equipment | 23 | €8,301 | €6,766 | -€1,535 | -18.5% |
| Current assets | 29/58 | €54,557 | €46,213 | -€8,344 | -15.3% |
| Stocks and contracts in progress | 3 | €10,199 | €5,545 | -€4,654 | -45.6% |
| Stocks | 30/36 | €10,199 | €5,545 | -€4,654 | -45.6% |
| Amounts receivable within one year | 40/41 | €36,981 | €37,864 | +€883 | +2.4% |
| Trade receivables | 40 | €36,851 | €37,864 | +€1,013 | +2.7% |
| Other amounts receivable | 41 | €130 | €0 | -€130 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,378 | €2,804 | -€4,574 | -62.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €84,704 | €72,383 | -€12,321 | -14.5% |
| Equity | 10/15 | €35,126 | €30,038 | -€5,088 | -14.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,100 | €25,000 | -€5,100 | -16.9% |
| Distributable reserves | 133 | €30,100 | €25,000 | -€5,100 | -16.9% |
| Profit (loss) carried forward | 14 | €26 | €38 | +€12 | +45.8% |
| Amounts payable | 17/49 | €49,578 | €42,345 | -€7,233 | -14.6% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €48,625 | €42,345 | -€6,281 | -12.9% |
| Trade debts | 44 | €26,842 | €27,306 | +€464 | +1.7% |
| Suppliers | 440/4 | €26,842 | €27,306 | +€464 | +1.7% |
| Taxes, remuneration and social security | 45 | €21,784 | €13,686 | -€8,098 | -37.2% |
| Taxes | 450/3 | €19,556 | €9,896 | -€9,660 | -49.4% |
| Remuneration and social security | 454/9 | €2,228 | €3,790 | +€1,562 | +70.1% |
| Other amounts payable | 47/48 | €0 | €1,353 | +€1,353 | |
| Accrued charges and deferred income | 492/3 | €953 | - | -€953 | |
| Remuneration, social security and pensions | 62 | €16,003 | €12,193 | -€3,810 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,803 | €3,977 | +€175 | +4.6% |
| Other operating charges | 640/8 | €1,150 | €518 | -€632 | -54.9% |
| Gross operating margin | 9900 | €37,300 | €13,086 | -€24,214 | -64.9% |
| Operating profit (loss) | 9901 | €16,344 | -€3,603 | -€19,947 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €2,348 | €1,485 | -€863 | -36.7% |
| Recurring financial charges | 65 | €2,348 | €1,485 | -€863 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €13,998 | -€5,088 | -€19,086 | |
| Income taxes | 67/77 | €3,503 | - | -€3,503 | |
| Profit (loss) for the period | 9904 | €10,495 | -€5,088 | -€15,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,495 | -€5,088 | -€15,583 |
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 7 October 2026 via checked.be.