EMILICO: 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.
EMILICO
Largest movements
- Cash -€19,436
down €19,436 (-48.9%), from €39,754 to €20,318
mainly Debts after one year (-€44,638) and Investment in fixed assets (net) (-€19,229)
- Tangible fixed assets -€12,881
down €12,881 (-2.9%), from €445,021 to €432,139
of which Land and buildings: -€29,600
- Debts after one year -€44,638
down €44,638 (-10.2%), from €436,899 to €392,261
- Other debts +€16,973
up €16,973 (+1925.1%), from €882 to €17,855
- Reserves -€11,342
down €11,342 (-34.1%), from €33,294 to €21,951
- Gross operating margin -€4,740
down €4,740 (-7.2%), from €65,985 to €61,245
- Financial charges -€1,319
down €1,319 (-8.4%), from €15,688 to €14,368
- Taxes -€1,304
down €1,304 (-30.1%), from €4,330 to €3,026
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 | €527,677 | €492,321 | -€35,356 | -6.7% |
| Fixed assets | 21/28 | €445,021 | €432,139 | -€12,881 | -2.9% |
| Tangible fixed assets | 22/27 | €445,021 | €432,139 | -€12,881 | -2.9% |
| Land and buildings | 22 | €432,484 | €402,884 | -€29,600 | -6.8% |
| Other tangible fixed assets | 26 | €12,536 | €29,255 | +€16,719 | +133.4% |
| Current assets | 29/58 | €82,656 | €60,181 | -€22,475 | -27.2% |
| Amounts receivable after more than one year | 29 | €39,040 | €35,080 | -€3,960 | -10.1% |
| Other amounts receivable | 291 | €39,040 | €35,080 | -€3,960 | -10.1% |
| Amounts receivable within one year | 40/41 | €3,863 | €4,784 | +€921 | +23.8% |
| Other amounts receivable | 41 | €3,863 | €4,784 | +€921 | +23.8% |
| Cash at bank and in hand | 54/58 | €39,754 | €20,318 | -€19,436 | -48.9% |
| Total equity and liabilities | 10/49 | €527,677 | €492,321 | -€35,356 | -6.7% |
| Equity | 10/15 | €39,494 | €28,151 | -€11,342 | -28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,294 | €21,951 | -€11,342 | -34.1% |
| Distributable reserves | 133 | €33,294 | €21,951 | -€11,342 | -34.1% |
| Amounts payable | 17/49 | €488,184 | €464,169 | -€24,014 | -4.9% |
| Amounts payable after more than one year | 17 | €436,899 | €392,261 | -€44,638 | -10.2% |
| Financial debts | 170/4 | €436,899 | €392,261 | -€44,638 | -10.2% |
| Amounts payable within one year | 42/48 | €50,035 | €68,740 | +€18,705 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €46,823 | €48,296 | +€1,472 | +3.1% |
| Trade debts | 44 | €300 | €559 | +€260 | +86.5% |
| Suppliers | 440/4 | €300 | €559 | +€260 | +86.5% |
| Taxes, remuneration and social security | 45 | €2,030 | €2,030 | = | 0.0% |
| Taxes | 450/3 | €2,030 | €2,030 | = | 0.0% |
| Other amounts payable | 47/48 | €882 | €17,855 | +€16,973 | +1925.1% |
| Accrued charges and deferred income | 492/3 | €1,250 | €3,168 | +€1,918 | +153.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,812 | €32,110 | +€298 | +0.9% |
| Other operating charges | 640/8 | €6,074 | €6,264 | +€191 | +3.1% |
| Gross operating margin | 9900 | €65,985 | €61,245 | -€4,740 | -7.2% |
| Operating profit (loss) | 9901 | €28,100 | €22,871 | -€5,229 | -18.6% |
| Financial income | 75/76B | €1,118 | €1,023 | -€95 | -8.5% |
| Recurring financial income | 75 | €1,118 | €1,023 | -€95 | -8.5% |
| Financial charges | 65/66B | €15,688 | €14,368 | -€1,319 | -8.4% |
| Recurring financial charges | 65 | €15,688 | €14,368 | -€1,319 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €13,530 | €9,526 | -€4,004 | -29.6% |
| Income taxes | 67/77 | €4,330 | €3,026 | -€1,304 | -30.1% |
| Profit (loss) for the period | 9904 | €9,200 | €6,499 | -€2,701 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,200 | €6,499 | -€2,701 | -29.4% |
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 3 October 2026 via checked.be.