EMILATO: 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.
EMILATO
Largest movements
- Cash -€105,437
down €105,437 (-64.8%), from €162,709 to €57,271
mainly Receivables within one year (-€39,569) and Tax, wage and social debts (-€37,376)
- Receivables within one year +€39,569
up €39,569 (+39.9%), from €99,278 to €138,847
of which Trade receivables: +€39,737
- Tax, wage and social debts -€37,376
down €37,376 (-80.1%), from €46,682 to €9,305
- Profit (loss) carried forward -€14,414
new in 2025: -€14,414
- Short-term financial debts -€14,378
down €14,378 (-100.0%), from €14,378 to €0
- Gross operating margin -€75,030
down €75,030, from €58,639 to -€16,391
- Taxes -€17,939
down €17,939 (-97.4%), from €18,417 to €478
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 | €498,315 | €433,404 | -€64,911 | -13.0% |
| Fixed assets | 21/28 | €2,620 | €2,091 | -€529 | -20.2% |
| Tangible fixed assets | 22/27 | €2,620 | €2,091 | -€529 | -20.2% |
| Furniture and vehicles | 24 | €2,620 | €2,091 | -€529 | -20.2% |
| Current assets | 29/58 | €495,695 | €431,313 | -€64,383 | -13.0% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99,278 | €138,847 | +€39,569 | +39.9% |
| Trade receivables | 40 | €42,363 | €82,100 | +€39,737 | +93.8% |
| Other amounts receivable | 41 | €56,914 | €56,746 | -€168 | -0.3% |
| Cash at bank and in hand | 54/58 | €162,709 | €57,271 | -€105,437 | -64.8% |
| Deferred charges and accrued income | 490/1 | €8,709 | €10,195 | +€1,486 | +17.1% |
| Total equity and liabilities | 10/49 | €498,315 | €433,404 | -€64,911 | -13.0% |
| Equity | 10/15 | €415,678 | €401,264 | -€14,414 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €409,478 | €409,478 | = | 0.0% |
| Distributable reserves | 133 | €409,478 | €409,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,414 | -€14,414 | |
| Amounts payable | 17/49 | €82,638 | €32,140 | -€50,497 | -61.1% |
| Amounts payable within one year | 42/48 | €82,638 | €32,077 | -€50,561 | -61.2% |
| Financial debts | 43 | €14,378 | €0 | -€14,378 | -100.0% |
| Credit institutions | 430/8 | €14,378 | €0 | -€14,378 | -100.0% |
| Trade debts | 44 | €5,758 | €7,438 | +€1,680 | +29.2% |
| Suppliers | 440/4 | €5,758 | €7,438 | +€1,680 | +29.2% |
| Taxes, remuneration and social security | 45 | €46,682 | €9,305 | -€37,376 | -80.1% |
| Taxes | 450/3 | €46,682 | €9,305 | -€37,376 | -80.1% |
| Other amounts payable | 47/48 | €15,820 | €15,333 | -€487 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24 | €529 | +€505 | +2111.5% |
| Other operating charges | 640/8 | €1,678 | €1,246 | -€432 | -25.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €58,639 | -€16,391 | -€75,030 | |
| Operating profit (loss) | 9901 | €56,937 | -€18,166 | -€75,103 | |
| Financial income | 75/76B | €6,750 | €6,760 | +€10 | +0.1% |
| Recurring financial income | 75 | €6,750 | €6,760 | +€10 | +0.1% |
| Financial charges | 65/66B | €2,452 | €2,531 | +€79 | +3.2% |
| Recurring financial charges | 65 | €2,452 | €2,531 | +€79 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €61,235 | -€13,936 | -€75,172 | |
| Income taxes | 67/77 | €18,417 | €478 | -€17,939 | -97.4% |
| Profit (loss) for the period | 9904 | €42,819 | -€14,414 | -€57,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,819 | -€14,414 | -€57,233 |
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.