EMILIUS: 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.
EMILIUS
Largest movements
- Current investments +€200,000
up €200,000 (+66.7%), from €300,000 to €500,000
- Deferred charges and accrued income +€102,770
up €102,770 (+25.5%), from €403,186 to €505,956
- Reserves +€381,686
up €381,686 (+28.6%), from €1.3m to €1.7m
- Other debts +€207,454
up €207,454 (+363%), from €57,143 to €264,597
- Debts after one year -€195,451
down €195,451 (-38.0%), from €513,860 to €318,408
- Current portion of long-term debt -€98,597
down €98,597 (-33.5%), from €294,048 to €195,451
- Financial income -€214,786
down €214,786 (-25.0%), from €858,081 to €643,296
- Taxes -€13,611
down €13,611 (-13.3%), from €102,077 to €88,466
- Gross operating margin -€9,616
down €9,616 (-6.6%), from €146,056 to €136,440
- Financial charges -€3,928
down €3,928 (-28.6%), from €13,749 to €9,821
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 | €4,333,254 | €4,612,240 | +€278,985 | +6.4% |
| Fixed assets | 21/28 | €3,489,038 | €3,455,703 | -€33,335 | -1.0% |
| Tangible fixed assets | 22/27 | €89,038 | €55,703 | -€33,335 | -37.4% |
| Plant, machinery and equipment | 23 | €2,514 | €1,611 | -€904 | -35.9% |
| Furniture and vehicles | 24 | €86,524 | €54,093 | -€32,431 | -37.5% |
| Financial fixed assets | 28 | €3,400,000 | €3,400,000 | = | 0.0% |
| Current assets | 29/58 | €844,216 | €1,156,537 | +€312,320 | +37.0% |
| Current investments | 50/53 | €300,000 | €500,000 | +€200,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €141,031 | €150,581 | +€9,550 | +6.8% |
| Deferred charges and accrued income | 490/1 | €403,186 | €505,956 | +€102,770 | +25.5% |
| Total equity and liabilities | 10/49 | €4,333,254 | €4,612,240 | +€278,985 | +6.4% |
| Equity | 10/15 | €3,383,057 | €3,764,742 | +€381,686 | +11.3% |
| Contributions | 10/11 | €2,050,000 | €2,050,000 | = | 0.0% |
| Reserves | 13 | €1,333,057 | €1,714,742 | +€381,686 | +28.6% |
| Distributable reserves | 133 | €1,333,057 | €1,714,742 | +€381,686 | +28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €950,198 | €847,497 | -€102,700 | -10.8% |
| Amounts payable after more than one year | 17 | €513,860 | €318,408 | -€195,451 | -38.0% |
| Financial debts | 170/4 | €513,860 | €318,408 | -€195,451 | -38.0% |
| Amounts payable within one year | 42/48 | €436,338 | €529,089 | +€92,751 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €294,048 | €195,451 | -€98,597 | -33.5% |
| Trade debts | 44 | €834 | €1,303 | +€469 | +56.2% |
| Suppliers | 440/4 | €834 | €1,303 | +€469 | +56.2% |
| Taxes, remuneration and social security | 45 | €84,312 | €67,737 | -€16,575 | -19.7% |
| Taxes | 450/3 | €84,312 | €67,737 | -€16,575 | -19.7% |
| Other amounts payable | 47/48 | €57,143 | €264,597 | +€207,454 | +363% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,111 | €33,335 | +€224 | +0.7% |
| Other operating charges | 640/8 | €2,674 | €1,831 | -€843 | -31.5% |
| Gross operating margin | 9900 | €146,056 | €136,440 | -€9,616 | -6.6% |
| Operating profit (loss) | 9901 | €110,271 | €101,274 | -€8,997 | -8.2% |
| Financial income | 75/76B | €858,081 | €643,296 | -€214,786 | -25.0% |
| Recurring financial income | 75 | €858,081 | €643,296 | -€214,786 | -25.0% |
| Financial charges | 65/66B | €13,749 | €9,821 | -€3,928 | -28.6% |
| Recurring financial charges | 65 | €13,749 | €9,821 | -€3,928 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €954,603 | €734,749 | -€219,854 | -23.0% |
| Income taxes | 67/77 | €102,077 | €88,466 | -€13,611 | -13.3% |
| Profit (loss) for the period | 9904 | €852,527 | €646,283 | -€206,244 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €852,527 | €646,283 | -€206,244 | -24.2% |
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 17 October 2026 via checked.be.