EMILIS: 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.
EMILIS
Largest movements
- Financial fixed assets +€735,000
up €735,000 (+100.0%), from €735,000 to €1.5m
- Tangible fixed assets +€620,807
up €620,807 (+6608.9%), from €9,394 to €630,200
of which Land and buildings: +€623,868
- Cash -€112,724
down €112,724 (-65.6%), from €171,964 to €59,240
mainly Investment in fixed assets (net) (-€1.4m) and Deferred charges and accrued income (-€22,155)
- Debts after one year +€1.1m
up €1.1m (+153.3%), from €735,000 to €1.9m
- Current portion of long-term debt +€95,407
up €95,407 (+20950.6%), from €455 to €95,862
- Reserves +€46,000
up €46,000 (+21.3%), from €216,000 to €262,000
- Gross operating margin +€68,877
up €68,877 (+129.9%), from €53,005 to €121,882
- Financial charges +€24,943
up €24,943 (+7913.2%), from €315 to €25,258
- Depreciation +€15,633
up €15,633 (+206.8%), from €7,560 to €23,193
- Taxes +€6,156
up €6,156 (+33.4%), from €18,444 to €24,600
- Other operating charges +€2,019
up €2,019 (+128.4%), from €1,573 to €3,592
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 | €995,073 | €2,258,976 | +€1.3m | +127.0% |
| Fixed assets | 21/28 | €744,394 | €2,100,200 | +€1.4m | +182.1% |
| Tangible fixed assets | 22/27 | €9,394 | €630,200 | +€620,807 | +6608.9% |
| Land and buildings | 22 | - | €623,868 | +€623,868 | |
| Furniture and vehicles | 24 | €9,394 | €6,333 | -€3,061 | -32.6% |
| Financial fixed assets | 28 | €735,000 | €1,470,000 | +€735,000 | +100.0% |
| Current assets | 29/58 | €250,680 | €158,776 | -€91,904 | -36.7% |
| Amounts receivable after more than one year | 29 | €49,000 | €55,000 | +€6,000 | +12.2% |
| Other amounts receivable | 291 | €49,000 | €55,000 | +€6,000 | +12.2% |
| Amounts receivable within one year | 40/41 | €29,525 | €22,190 | -€7,335 | -24.8% |
| Trade receivables | 40 | €29,411 | €22,153 | -€7,258 | -24.7% |
| Other amounts receivable | 41 | €114 | €37 | -€77 | -67.4% |
| Cash at bank and in hand | 54/58 | €171,964 | €59,240 | -€112,724 | -65.6% |
| Deferred charges and accrued income | 490/1 | €191 | €22,346 | +€22,155 | +11626.2% |
| Total equity and liabilities | 10/49 | €995,073 | €2,258,976 | +€1.3m | +127.0% |
| Equity | 10/15 | €230,526 | €275,399 | +€44,873 | +19.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €216,000 | €262,000 | +€46,000 | +21.3% |
| Distributable reserves | 133 | €216,000 | €262,000 | +€46,000 | +21.3% |
| Profit (loss) carried forward | 14 | €13,026 | €11,899 | -€1,127 | -8.7% |
| Amounts payable | 17/49 | €764,548 | €1,983,577 | +€1.2m | +159.4% |
| Amounts payable after more than one year | 17 | €735,000 | €1,861,714 | +€1.1m | +153.3% |
| Financial debts | 170/4 | €735,000 | €1,861,714 | +€1.1m | +153.3% |
| Amounts payable within one year | 42/48 | €27,248 | €119,563 | +€92,315 | +338.8% |
| Current portion of amounts payable after more than one year | 42 | €455 | €95,862 | +€95,407 | +20950.6% |
| Trade debts | 44 | €1,091 | €4 | -€1,087 | -99.7% |
| Suppliers | 440/4 | €1,091 | €4 | -€1,087 | -99.7% |
| Taxes, remuneration and social security | 45 | €25,046 | €22,788 | -€2,258 | -9.0% |
| Taxes | 450/3 | €22,216 | €19,958 | -€2,258 | -10.2% |
| Remuneration and social security | 454/9 | €2,830 | €2,830 | = | 0.0% |
| Other amounts payable | 47/48 | €656 | €909 | +€253 | +38.6% |
| Accrued charges and deferred income | 492/3 | €2,300 | €2,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,560 | €23,193 | +€15,633 | +206.8% |
| Other operating charges | 640/8 | €1,573 | €3,592 | +€2,019 | +128.4% |
| Gross operating margin | 9900 | €53,005 | €121,882 | +€68,877 | +129.9% |
| Operating profit (loss) | 9901 | €43,873 | €95,097 | +€51,225 | +116.8% |
| Financial income | 75/76B | €1,137 | €1,634 | +€497 | +43.7% |
| Recurring financial income | 75 | €1,137 | €1,634 | +€497 | +43.7% |
| Financial charges | 65/66B | €315 | €25,258 | +€24,943 | +7913.2% |
| Recurring financial charges | 65 | €315 | €25,258 | +€24,943 | +7913.2% |
| Profit (loss) for the period before taxes | 9903 | €44,695 | €71,473 | +€26,778 | +59.9% |
| Income taxes | 67/77 | €18,444 | €24,600 | +€6,156 | +33.4% |
| Profit (loss) for the period | 9904 | €26,251 | €46,873 | +€20,622 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,251 | €46,873 | +€20,622 | +78.6% |
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 8 October 2026 via checked.be.