EMILAR: 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.
EMILAR
Largest movements
- Receivables within one year +€83,393
up €83,393 (+60.1%), from €138,850 to €222,243
of which Trade receivables: +€59,359
- Cash -€64,730
down €64,730 (-88.3%), from €73,293 to €8,563
mainly Receivables within one year (-€83,393) and Stocks and contracts (-€5,716)
- Stocks and contracts +€5,716
up €5,716 (+10.5%), from €54,661 to €60,377
- Tangible fixed assets -€3,816
no longer reported in 2025 (was €3,816)
of which Plant, machinery and equipment: -€2,275
- Trade debts +€10,983
up €10,983 (+167.2%), from €6,568 to €17,551
- Profit (loss) carried forward +€5,646
up €5,646 (+2.5%), from €230,082 to €235,728
- Other debts +€4,618
up €4,618 (+13.9%), from €33,235 to €37,853
- Gross operating margin +€34,798
up €34,798 (+148.7%), from €23,402 to €58,200
- Other operating charges +€7,852
up €7,852 (+961.1%), from €817 to €8,669
- Staff costs -€5,742
down €5,742 (-12.4%), from €46,290 to €40,549
- Depreciation -€3,980
down €3,980 (-51.1%), from €7,796 to €3,816
- Financial charges -€600
down €600 (-30.2%), from €1,990 to €1,390
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 | €296,320 | €316,883 | +€20,563 | +6.9% |
| Fixed assets | 21/28 | €29,516 | €25,700 | -€3,816 | -12.9% |
| Tangible fixed assets | 22/27 | €3,816 | - | -€3,816 | |
| Land and buildings | 22 | €1,472 | - | -€1,472 | |
| Plant, machinery and equipment | 23 | €2,275 | - | -€2,275 | |
| Furniture and vehicles | 24 | €69 | - | -€69 | |
| Financial fixed assets | 28 | €25,700 | €25,700 | = | 0.0% |
| Current assets | 29/58 | €266,804 | €291,183 | +€24,379 | +9.1% |
| Stocks and contracts in progress | 3 | €54,661 | €60,377 | +€5,716 | +10.5% |
| Stocks | 30/36 | €54,661 | €60,377 | +€5,716 | +10.5% |
| Amounts receivable within one year | 40/41 | €138,850 | €222,243 | +€83,393 | +60.1% |
| Trade receivables | 40 | €54,301 | €113,660 | +€59,359 | +109.3% |
| Other amounts receivable | 41 | €84,549 | €108,583 | +€24,034 | +28.4% |
| Cash at bank and in hand | 54/58 | €73,293 | €8,563 | -€64,730 | -88.3% |
| Total equity and liabilities | 10/49 | €296,320 | €316,883 | +€20,563 | +6.9% |
| Equity | 10/15 | €250,533 | €256,179 | +€5,646 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,082 | €235,728 | +€5,646 | +2.5% |
| Amounts payable | 17/49 | €45,787 | €60,705 | +€14,917 | +32.6% |
| Amounts payable within one year | 42/48 | €44,425 | €60,705 | +€16,279 | +36.6% |
| Trade debts | 44 | €6,568 | €17,551 | +€10,983 | +167.2% |
| Suppliers | 440/4 | €6,568 | €17,551 | +€10,983 | +167.2% |
| Advances received on contracts in progress | 46 | €299 | - | -€299 | |
| Taxes, remuneration and social security | 45 | €4,323 | €5,301 | +€978 | +22.6% |
| Taxes | 450/3 | €336 | €2,434 | +€2,098 | +623.8% |
| Remuneration and social security | 454/9 | €3,987 | €2,867 | -€1,120 | -28.1% |
| Other amounts payable | 47/48 | €33,235 | €37,853 | +€4,618 | +13.9% |
| Accrued charges and deferred income | 492/3 | €1,362 | - | -€1,362 | |
| Remuneration, social security and pensions | 62 | €46,290 | €40,549 | -€5,742 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,796 | €3,816 | -€3,980 | -51.1% |
| Other operating charges | 640/8 | €817 | €8,669 | +€7,852 | +961.1% |
| Gross operating margin | 9900 | €23,402 | €58,200 | +€34,798 | +148.7% |
| Operating profit (loss) | 9901 | -€31,501 | €5,166 | +€36,667 | |
| Financial income | 75/76B | €1,998 | €1,870 | -€128 | -6.4% |
| Recurring financial income | 75 | €1,998 | €1,870 | -€128 | -6.4% |
| Financial charges | 65/66B | €1,990 | €1,390 | -€600 | -30.2% |
| Recurring financial charges | 65 | €1,990 | €1,390 | -€600 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,493 | €5,646 | +€37,139 | |
| Profit (loss) for the period | 9904 | -€31,493 | €5,646 | +€37,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,493 | €5,646 | +€37,139 |
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.