Emilinvest: what changed
Emilinvest
Largest movements
- Tangible fixed assets -€8,205
down €8,205 (-19.8%), from €41,545 to €33,340
- Cash +€4,343
up €4,343 (+31.1%), from €13,954 to €18,297
mainly Depreciation (+€9,716) and Net result for the year (+€7,852)
- Receivables within one year -€2,296
down €2,296 (-7.4%), from €30,843 to €28,547
of which Trade receivables: -€22,365
- Tax, wage and social debts -€9,785
down €9,785 (-54.8%), from €17,848 to €8,063
- Reserves +€6,134
up €6,134 (+9.8%), from €62,550 to €68,684
- Trade debts -€1,343
down €1,343 (-53.9%), from €2,493 to €1,150
- Gross operating margin -€24,080
down €24,080 (-53.0%), from €45,451 to €21,371
- Taxes -€7,782
down €7,782 (-74.7%), from €10,417 to €2,635
- Depreciation +€3,774
up €3,774 (+63.5%), from €5,942 to €9,716
- Financial income +€713
new in 2025: €713
- Financial charges +€592
up €592 (+383%), from €155 to €747
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,342 | €80,897 | -€5,446 | -6.3% |
| Fixed assets | 21/28 | €41,545 | €33,340 | -€8,205 | -19.8% |
| Tangible fixed assets | 22/27 | €41,545 | €33,340 | -€8,205 | -19.8% |
| Furniture and vehicles | 24 | €41,545 | €33,340 | -€8,205 | -19.8% |
| Current assets | 29/58 | €44,797 | €47,557 | +€2,760 | +6.2% |
| Amounts receivable within one year | 40/41 | €30,843 | €28,547 | -€2,296 | -7.4% |
| Trade receivables | 40 | €30,552 | €8,187 | -€22,365 | -73.2% |
| Other amounts receivable | 41 | €291 | €20,360 | +€20,069 | +6,886% |
| Cash at bank and in hand | 54/58 | €13,954 | €18,297 | +€4,343 | +31.1% |
| Deferred charges and accrued income | 490/1 | - | €713 | +€713 | |
| Total equity and liabilities | 10/49 | €86,342 | €80,897 | -€5,446 | -6.3% |
| Equity | 10/15 | €65,550 | €71,684 | +€6,134 | +9.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,550 | €68,684 | +€6,134 | +9.8% |
| Distributable reserves | 133 | €62,550 | €68,684 | +€6,134 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,793 | €9,213 | -€11,580 | -55.7% |
| Amounts payable within one year | 42/48 | €20,405 | €9,213 | -€11,192 | -54.8% |
| Trade debts | 44 | €2,493 | €1,150 | -€1,343 | -53.9% |
| Suppliers | 440/4 | €2,493 | €1,150 | -€1,343 | -53.9% |
| Taxes, remuneration and social security | 45 | €17,848 | €8,063 | -€9,785 | -54.8% |
| Taxes | 450/3 | €17,848 | €8,063 | -€9,785 | -54.8% |
| Other amounts payable | 47/48 | €65 | €0 | -€65 | -100% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,942 | €9,716 | +€3,774 | +63.5% |
| Other operating charges | 640/8 | €1,711 | €1,135 | -€577 | -33.7% |
| Gross operating margin | 9900 | €45,451 | €21,371 | -€24,080 | -53.0% |
| Operating profit (loss) | 9901 | €37,797 | €10,521 | -€27,277 | -72.2% |
| Financial income | 75/76B | - | €713 | +€713 | |
| Recurring financial income | 75 | - | €713 | +€713 | |
| Financial charges | 65/66B | €155 | €747 | +€592 | +383% |
| Recurring financial charges | 65 | €155 | €747 | +€592 | +383% |
| Profit (loss) for the period before taxes | 9903 | €37,643 | €10,487 | -€27,156 | -72.1% |
| Income taxes | 67/77 | €10,417 | €2,635 | -€7,782 | -74.7% |
| Profit (loss) for the period | 9904 | €27,225 | €7,852 | -€19,373 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,225 | €7,852 | -€19,373 | -71.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.