EMILIE: 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.
EMILIE
Largest movements
- Tangible fixed assets -€32,604
down €32,604 (-43.2%), from €75,500 to €42,896
of which Land and buildings: -€24,858
- Receivables within one year -€3,121
down €3,121 (-5.2%), from €59,612 to €56,490
of which Other amounts receivable: -€5,730
- Debts after one year -€51,899
down €51,899 (-61.5%), from €84,436 to €32,537
- Trade debts +€24,208
up €24,208 (+40.1%), from €60,428 to €84,636
- Current portion of long-term debt -€11,693
down €11,693 (-16.9%), from €69,196 to €57,503
- Short-term financial debts +€9,684
up €9,684 (+1605.2%), from €603 to €10,288
of which Other loans: +€10,288
- Profit (loss) carried forward -€8,221
down €8,221 (-10.3%), from -€80,114 to -€88,335
- Gross operating margin +€61,555
up €61,555 (+157.4%), from €39,104 to €100,659
- Staff costs +€9,396
up €9,396 (+17.3%), from €54,269 to €63,665
- Depreciation -€9,079
down €9,079 (-20.6%), from €44,167 to €35,088
- Financial charges -€2,290
down €2,290 (-27.5%), from €8,320 to €6,031
- Other operating charges -€1,373
down €1,373 (-25.8%), from €5,332 to €3,959
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 | €219,112 | €183,476 | -€35,636 | -16.3% |
| Fixed assets | 21/28 | €78,644 | €45,740 | -€32,904 | -41.8% |
| Tangible fixed assets | 22/27 | €75,500 | €42,896 | -€32,604 | -43.2% |
| Land and buildings | 22 | €53,220 | €28,361 | -€24,858 | -46.7% |
| Plant, machinery and equipment | 23 | €1,023 | €227 | -€796 | -77.8% |
| Furniture and vehicles | 24 | €21,258 | €14,308 | -€6,950 | -32.7% |
| Financial fixed assets | 28 | €3,144 | €2,844 | -€300 | -9.5% |
| Current assets | 29/58 | €140,468 | €137,737 | -€2,732 | -1.9% |
| Stocks and contracts in progress | 3 | €76,603 | €76,603 | = | 0.0% |
| Stocks | 30/36 | €76,603 | €76,603 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,612 | €56,490 | -€3,121 | -5.2% |
| Trade receivables | 40 | €34,286 | €36,894 | +€2,609 | +7.6% |
| Other amounts receivable | 41 | €25,326 | €19,596 | -€5,730 | -22.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €4,254 | €4,644 | +€390 | +9.2% |
| Total equity and liabilities | 10/49 | €219,112 | €183,476 | -€35,636 | -16.3% |
| Equity | 10/15 | -€9,654 | -€17,875 | -€8,221 | -85.2% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Capital | 10 | - | €68,600 | +€68,600 | |
| Issued capital | 100 | - | €68,600 | +€68,600 | |
| Outside capital | 11 | €68,600 | - | -€68,600 | |
| Other | 1109/19 | €68,600 | - | -€68,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,114 | -€88,335 | -€8,221 | -10.3% |
| Amounts payable | 17/49 | €228,766 | €201,351 | -€27,415 | -12.0% |
| Amounts payable after more than one year | 17 | €84,436 | €32,537 | -€51,899 | -61.5% |
| Financial debts | 170/4 | €84,436 | €32,537 | -€51,899 | -61.5% |
| Amounts payable within one year | 42/48 | €144,330 | €168,815 | +€24,484 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €69,196 | €57,503 | -€11,693 | -16.9% |
| Financial debts | 43 | €603 | €10,288 | +€9,684 | +1605.2% |
| Credit institutions | 430/8 | €603 | - | -€603 | |
| Other loans | 439 | - | €10,288 | +€10,288 | |
| Trade debts | 44 | €60,428 | €84,636 | +€24,208 | +40.1% |
| Suppliers | 440/4 | €60,428 | €84,636 | +€24,208 | +40.1% |
| Taxes, remuneration and social security | 45 | €7,337 | €10,920 | +€3,584 | +48.8% |
| Taxes | 450/3 | €0 | €2,699 | +€2,699 | |
| Remuneration and social security | 454/9 | €7,337 | €8,221 | +€884 | +12.1% |
| Other amounts payable | 47/48 | €6,767 | €5,468 | -€1,298 | -19.2% |
| Remuneration, social security and pensions | 62 | €54,269 | €63,665 | +€9,396 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,167 | €35,088 | -€9,079 | -20.6% |
| Other operating charges | 640/8 | €5,332 | €3,959 | -€1,373 | -25.8% |
| Gross operating margin | 9900 | €39,104 | €100,659 | +€61,555 | +157.4% |
| Operating profit (loss) | 9901 | -€64,664 | -€2,053 | +€62,611 | +96.8% |
| Financial income | 75/76B | €358 | €1 | -€357 | -99.7% |
| Recurring financial income | 75 | €358 | €1 | -€357 | -99.7% |
| Financial charges | 65/66B | €8,320 | €6,031 | -€2,290 | -27.5% |
| Recurring financial charges | 65 | €8,320 | €6,031 | -€2,290 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€72,627 | -€8,083 | +€64,544 | +88.9% |
| Income taxes | 67/77 | - | €138 | +€138 | |
| Profit (loss) for the period | 9904 | -€72,627 | -€8,221 | +€64,406 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,627 | -€8,221 | +€64,406 | +88.7% |
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.