EMILOGIC: what changed
EMILOGIC
Largest movements
- Receivables within one year +€22,755
up €22,755 (+15.6%), from €145,724 to €168,479
of which Other amounts receivable: +€43,958
- Cash -€15,674
down €15,674 (-20.8%), from €75,343 to €59,668
mainly Trade debts (-€37,127) and Receivables within one year (-€22,755)
- Tangible fixed assets -€9,254
down €9,254 (-11.3%), from €81,705 to €72,451
of which Furniture and vehicles: -€16,527
- Reserves +€64,815
up €64,815 (+27.0%), from €239,817 to €304,633
- Trade debts -€37,127
down €37,127 (-72.9%), from €50,909 to €13,783
- Tax, wage and social debts -€19,769
down €19,769 (-37.7%), from €52,495 to €32,726
- Debts after one year -€11,870
down €11,870 (-65.7%), from €18,057 to €6,186
- Gross operating margin -€43,676
down €43,676 (-29.6%), from €147,447 to €103,771
- Taxes -€12,417
down €12,417 (-39.8%), from €31,226 to €18,809
- Financial income +€2,859
up €2,859 (+55.8%), from €5,127 to €7,987
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 | €373,897 | €370,598 | -€3,299 | -0.9% |
| Fixed assets | 21/28 | €81,705 | €72,451 | -€9,254 | -11.3% |
| Tangible fixed assets | 22/27 | €81,705 | €72,451 | -€9,254 | -11.3% |
| Furniture and vehicles | 24 | €69,709 | €53,183 | -€16,527 | -23.7% |
| Other tangible fixed assets | 26 | €11,996 | €19,268 | +€7,273 | +60.6% |
| Current assets | 29/58 | €292,192 | €298,147 | +€5,955 | +2.0% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,724 | €168,479 | +€22,755 | +15.6% |
| Trade receivables | 40 | €35,821 | €14,617 | -€21,203 | -59.2% |
| Other amounts receivable | 41 | €109,904 | €153,862 | +€43,958 | +40.0% |
| Cash at bank and in hand | 54/58 | €75,343 | €59,668 | -€15,674 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,125 | €0 | -€1,125 | -100% |
| Total equity and liabilities | 10/49 | €373,897 | €370,598 | -€3,299 | -0.9% |
| Equity | 10/15 | €240,817 | €305,633 | +€64,815 | +26.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €239,817 | €304,633 | +€64,815 | +27.0% |
| Distributable reserves | 133 | €239,817 | €304,633 | +€64,815 | +27.0% |
| Amounts payable | 17/49 | €133,080 | €64,965 | -€68,114 | -51.2% |
| Amounts payable after more than one year | 17 | €18,057 | €6,186 | -€11,870 | -65.7% |
| Financial debts | 170/4 | €18,057 | €6,186 | -€11,870 | -65.7% |
| Amounts payable within one year | 42/48 | €114,635 | €58,379 | -€56,256 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €11,231 | €11,870 | +€640 | +5.7% |
| Trade debts | 44 | €50,909 | €13,783 | -€37,127 | -72.9% |
| Suppliers | 440/4 | €50,909 | €13,783 | -€37,127 | -72.9% |
| Taxes, remuneration and social security | 45 | €52,495 | €32,726 | -€19,769 | -37.7% |
| Taxes | 450/3 | €52,495 | €32,726 | -€19,769 | -37.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,649 | €24,851 | +€1,201 | +5.1% |
| Other operating charges | 640/8 | €1,101 | €1,623 | +€522 | +47.4% |
| Gross operating margin | 9900 | €147,447 | €103,771 | -€43,676 | -29.6% |
| Operating profit (loss) | 9901 | €122,697 | €77,298 | -€45,399 | -37.0% |
| Financial income | 75/76B | €5,127 | €7,987 | +€2,859 | +55.8% |
| Recurring financial income | 75 | €5,127 | €7,987 | +€2,859 | +55.8% |
| Financial charges | 65/66B | €2,320 | €1,660 | -€660 | -28.5% |
| Recurring financial charges | 65 | €2,320 | €1,660 | -€660 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €125,504 | €83,625 | -€41,880 | -33.4% |
| Income taxes | 67/77 | €31,226 | €18,809 | -€12,417 | -39.8% |
| Profit (loss) for the period | 9904 | €94,278 | €64,815 | -€29,463 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,278 | €64,815 | -€29,463 | -31.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.