EMILA: 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.
EMILA
Largest movements
- Receivables within one year -€75,521
down €75,521 (-52.5%), from €143,914 to €68,394
- Tangible fixed assets +€47,325
up €47,325 (+11.5%), from €411,566 to €458,891
- Profit (loss) carried forward -€20,233
down €20,233 (-143.7%), from -€14,075 to -€34,307
- Debts after one year -€18,001
down €18,001 (-8.7%), from €206,775 to €188,774
- Other debts +€6,910
up €6,910 (+2.9%), from €234,450 to €241,360
- Depreciation +€12,504
up €12,504 (+243.0%), from €5,146 to €17,650
- Gross operating margin -€8,694
down €8,694 (-75.6%), from €11,499 to €2,805
- Financial charges +€2,992
up €2,992 (+63.0%), from €4,748 to €7,740
- Other operating charges +€850
up €850 (+221.0%), from €384 to €1,234
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 | €561,292 | €529,377 | -€31,915 | -5.7% |
| Fixed assets | 21/28 | €411,566 | €458,891 | +€47,325 | +11.5% |
| Tangible fixed assets | 22/27 | €411,566 | €458,891 | +€47,325 | +11.5% |
| Land and buildings | 22 | €411,566 | €458,891 | +€47,325 | +11.5% |
| Current assets | 29/58 | €149,726 | €70,486 | -€79,240 | -52.9% |
| Stocks and contracts in progress | 3 | €4,763 | €1,270 | -€3,493 | -73.3% |
| Stocks | 30/36 | €4,763 | €1,270 | -€3,493 | -73.3% |
| Amounts receivable within one year | 40/41 | €143,914 | €68,394 | -€75,521 | -52.5% |
| Other amounts receivable | 41 | €143,914 | €68,394 | -€75,521 | -52.5% |
| Cash at bank and in hand | 54/58 | €1,049 | €823 | -€227 | -21.6% |
| Total equity and liabilities | 10/49 | €561,292 | €529,377 | -€31,915 | -5.7% |
| Equity | 10/15 | €78,237 | €55,907 | -€22,330 | -28.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,112 | €84,014 | -€2,098 | -2.4% |
| Tax-exempt reserves | 132 | €69,194 | €67,096 | -€2,098 | -3.0% |
| Distributable reserves | 133 | €16,918 | €16,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,075 | -€34,307 | -€20,233 | -143.7% |
| Provisions and deferred taxes | 16 | €23,065 | €22,365 | -€699 | -3.0% |
| Deferred taxes | 168 | €23,065 | €22,365 | -€699 | -3.0% |
| Amounts payable | 17/49 | €459,990 | €451,105 | -€8,885 | -1.9% |
| Amounts payable after more than one year | 17 | €206,775 | €188,774 | -€18,001 | -8.7% |
| Financial debts | 170/4 | €206,775 | €188,774 | -€18,001 | -8.7% |
| Amounts payable within one year | 42/48 | €253,215 | €262,331 | +€9,116 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €17,365 | €18,001 | +€636 | +3.7% |
| Trade debts | 44 | €1,400 | €2,970 | +€1,570 | +112.1% |
| Suppliers | 440/4 | €1,400 | €2,970 | +€1,570 | +112.1% |
| Other amounts payable | 47/48 | €234,450 | €241,360 | +€6,910 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,146 | €17,650 | +€12,504 | +243.0% |
| Other operating charges | 640/8 | €384 | €1,234 | +€850 | +221.0% |
| Gross operating margin | 9900 | €11,499 | €2,805 | -€8,694 | -75.6% |
| Operating profit (loss) | 9901 | €5,968 | -€16,079 | -€22,048 | |
| Financial income | 75/76B | €838 | €790 | -€48 | -5.7% |
| Recurring financial income | 75 | €838 | €790 | -€48 | -5.7% |
| Financial charges | 65/66B | €4,748 | €7,740 | +€2,992 | +63.0% |
| Recurring financial charges | 65 | €4,748 | €7,740 | +€2,992 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €2,058 | -€23,030 | -€25,087 | |
| Transfer from deferred taxes | 780 | €11 | €699 | +€688 | +6001.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €2,069 | -€22,330 | -€24,399 | |
| Transfer from tax-exempt reserves | 789 | €34 | €2,098 | +€2,063 | +6000.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,103 | -€20,233 | -€22,336 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.