EMILIO IT: what changed
Two financial 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.
EMILIO IT
Largest movements
- Receivables within one year -€101,697
down €101,697 (-56.9%), from €178,814 to €77,116
of which Trade receivables: -€90,822
- Cash +€63,352
up €63,352 (+61.9%), from €102,279 to €165,631
mainly Receivables within one year (+€101,697) and Net result for the year (+€28,437)
- Other debts -€62,806
down €62,806 (-95.3%), from €65,937 to €3,131
- Reserves +€28,437
up €28,437 (+63.8%), from €44,547 to €72,984
- Trade debts -€7,278
down €7,278 (-7.0%), from €104,604 to €97,326
- Tax, wage and social debts +€3,090
up €3,090 (+18.8%), from €16,426 to €19,516
of which Taxes: +€2,877
- Gross operating margin -€28,571
down €28,571 (-19.6%), from €145,752 to €117,181
- Taxes +€11,236
up €11,236 (+279%), from €4,032 to €15,267
- Staff costs -€1,771
down €1,771 (-2.4%), from €73,144 to €71,373
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.
Derived cash bridge
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 | €281,513 | €243,084 | -€38,429 | -13.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €281,513 | €243,084 | -€38,429 | -13.7% |
| Amounts receivable within one year | 40/41 | €178,814 | €77,116 | -€101,697 | -56.9% |
| Trade receivables | 40 | €140,291 | €49,469 | -€90,822 | -64.7% |
| Other amounts receivable | 41 | €38,523 | €27,647 | -€10,875 | -28.2% |
| Cash at bank and in hand | 54/58 | €102,279 | €165,631 | +€63,352 | +61.9% |
| Deferred charges and accrued income | 490/1 | €421 | €337 | -€84 | -20.0% |
| Total equity and liabilities | 10/49 | €281,513 | €243,084 | -€38,429 | -13.7% |
| Equity | 10/15 | €94,547 | €122,984 | +€28,437 | +30.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €44,547 | €72,984 | +€28,437 | +63.8% |
| Distributable reserves | 133 | €44,547 | €72,984 | +€28,437 | +63.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,966 | €120,100 | -€66,866 | -35.8% |
| Amounts payable within one year | 42/48 | €186,966 | €119,972 | -€66,994 | -35.8% |
| Trade debts | 44 | €104,604 | €97,326 | -€7,278 | -7.0% |
| Suppliers | 440/4 | €104,604 | €97,326 | -€7,278 | -7.0% |
| Taxes, remuneration and social security | 45 | €16,426 | €19,516 | +€3,090 | +18.8% |
| Taxes | 450/3 | €2,523 | €5,400 | +€2,877 | +114% |
| Remuneration and social security | 454/9 | €13,903 | €14,115 | +€213 | +1.5% |
| Other amounts payable | 47/48 | €65,937 | €3,131 | -€62,806 | -95.3% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Remuneration, social security and pensions | 62 | €73,144 | €71,373 | -€1,771 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65 | €0 | -€65 | -100% |
| Other operating charges | 640/8 | €633 | €795 | +€162 | +25.5% |
| Gross operating margin | 9900 | €145,752 | €117,181 | -€28,571 | -19.6% |
| Operating profit (loss) | 9901 | €71,910 | €45,013 | -€26,897 | -37.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +209% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +209% |
| Financial charges | 65/66B | €1,413 | €1,310 | -€104 | -7.3% |
| Recurring financial charges | 65 | €1,413 | €1,310 | -€104 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €70,496 | €43,704 | -€26,793 | -38.0% |
| Income taxes | 67/77 | €4,032 | €15,267 | +€11,236 | +279% |
| Profit (loss) for the period | 9904 | €66,465 | €28,437 | -€38,028 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,465 | €28,437 | -€38,028 | -57.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.