EMIR EXPRESS: 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.
EMIR EXPRESS
Largest movements
- Cash +€33,653
up €33,653 (+419%), from €8,024 to €41,677
mainly Receivables within one year (+€22,156) and Net result for the year (+€16,776)
- Receivables within one year -€22,156
down €22,156 (-49.2%), from €45,030 to €22,874
of which Trade receivables: -€19,000
- Tangible fixed assets -€18,240
down €18,240 (-64.1%), from €28,440 to €10,200
- Other debts -€25,090
down €25,090 (-58.4%), from €42,952 to €17,862
- Profit (loss) carried forward +€16,776
up €16,776 (+193%), from €8,679 to €25,456
- Tax, wage and social debts +€1,215
new in 2025: €1,215
- Gross operating margin -€14,541
down €14,541 (-29.1%), from €49,984 to €35,443
- Depreciation -€14,320
down €14,320 (-84.9%), from €16,870 to €2,550
- Taxes -€5,415
no longer reported in 2025 (was €5,415)
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 | €82,099 | €75,356 | -€6,743 | -8.2% |
| Fixed assets | 21/28 | €29,045 | €10,805 | -€18,240 | -62.8% |
| Tangible fixed assets | 22/27 | €28,440 | €10,200 | -€18,240 | -64.1% |
| Furniture and vehicles | 24 | €28,440 | €10,200 | -€18,240 | -64.1% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €53,054 | €64,551 | +€11,497 | +21.7% |
| Amounts receivable within one year | 40/41 | €45,030 | €22,874 | -€22,156 | -49.2% |
| Trade receivables | 40 | €41,874 | €22,874 | -€19,000 | -45.4% |
| Other amounts receivable | 41 | €3,156 | - | -€3,156 | |
| Cash at bank and in hand | 54/58 | €8,024 | €41,677 | +€33,653 | +419% |
| Total equity and liabilities | 10/49 | €82,099 | €75,356 | -€6,743 | -8.2% |
| Equity | 10/15 | €30,679 | €47,456 | +€16,776 | +54.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Contributions outside capital | 11 | €22,000 | €22,000 | = | 0.0% |
| Other | 1109/19 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,679 | €25,456 | +€16,776 | +193% |
| Amounts payable | 17/49 | €51,420 | €27,900 | -€23,520 | -45.7% |
| Amounts payable within one year | 42/48 | €51,420 | €27,900 | -€23,520 | -45.7% |
| Trade debts | 44 | €8,468 | €8,824 | +€356 | +4.2% |
| Suppliers | 440/4 | €8,468 | €8,824 | +€356 | +4.2% |
| Taxes, remuneration and social security | 45 | - | €1,215 | +€1,215 | |
| Taxes | 450/3 | - | €1,215 | +€1,215 | |
| Other amounts payable | 47/48 | €42,952 | €17,862 | -€25,090 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,870 | €2,550 | -€14,320 | -84.9% |
| Other operating charges | 640/8 | €10,927 | €11,263 | +€336 | +3.1% |
| Non-recurring operating charges | 66A | - | €4,211 | +€4,211 | |
| Gross operating margin | 9900 | €49,984 | €35,443 | -€14,541 | -29.1% |
| Operating profit (loss) | 9901 | €22,187 | €17,420 | -€4,767 | -21.5% |
| Financial income | 75/76B | €111 | €1 | -€111 | -99.5% |
| Recurring financial income | 75 | €111 | €1 | -€111 | -99.5% |
| Financial charges | 65/66B | €1,068 | €644 | -€424 | -39.7% |
| Recurring financial charges | 65 | €1,068 | €644 | -€424 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €21,230 | €16,776 | -€4,454 | -21.0% |
| Income taxes | 67/77 | €5,415 | - | -€5,415 | |
| Profit (loss) for the period | 9904 | €15,815 | €16,776 | +€961 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,815 | €16,776 | +€961 | +6.1% |
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 16 October 2026 via checked.be.