EMISE: 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.
EMISE
Largest movements
- Cash +€103,521
up €103,521 (+39.1%), from €265,039 to €368,560
mainly Current investments (+€100,000) and Net result for the year (+€16,942)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€4,670
up €4,670 (+1180.8%), from €396 to €5,066
of which Trade receivables: +€4,840
- Current portion of long-term debt -€21,075
no longer reported in 2025 (was €21,075)
- Reserves +€10,000
up €10,000 (+4.4%), from €225,134 to €235,134
of which Distributable reserves: +€10,000
- Other debts +€6,971
up €6,971 (+29.6%), from €23,523 to €30,494
- Profit (loss) carried forward +€6,942
up €6,942 (+30.8%), from -€22,531 to -€15,589
- Tax, wage and social debts +€6,211
up €6,211 (+177.1%), from €3,507 to €9,718
- Gross operating margin -€3,133
down €3,133 (-10.8%), from €28,878 to €25,745
- Taxes -€2,990
down €2,990 (-28.1%), from €10,656 to €7,666
- Financial charges -€971
down €971 (-18.2%), from €5,340 to €4,369
- Financial income -€810
down €810 (-15.4%), from €5,265 to €4,455
- Other operating charges +€476
up €476 (+63.7%), from €747 to €1,223
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 | €366,240 | €374,861 | +€8,621 | +2.4% |
| Current assets | 29/58 | €366,240 | €374,861 | +€8,621 | +2.4% |
| Amounts receivable within one year | 40/41 | €396 | €5,066 | +€4,670 | +1180.8% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €396 | €226 | -€170 | -42.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €265,039 | €368,560 | +€103,521 | +39.1% |
| Deferred charges and accrued income | 490/1 | €806 | €1,235 | +€429 | +53.3% |
| Total equity and liabilities | 10/49 | €366,240 | €374,861 | +€8,621 | +2.4% |
| Equity | 10/15 | €221,204 | €238,145 | +€16,942 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €225,134 | €235,134 | +€10,000 | +4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €223,274 | €233,274 | +€10,000 | +4.5% |
| Profit (loss) carried forward | 14 | -€22,531 | -€15,589 | +€6,942 | +30.8% |
| Provisions and deferred taxes | 16 | €91,859 | €91,859 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €91,859 | €91,859 | = | 0.0% |
| Taxes | 161 | €91,859 | €91,859 | = | 0.0% |
| Amounts payable | 17/49 | €53,178 | €44,857 | -€8,321 | -15.6% |
| Amounts payable within one year | 42/48 | €49,656 | €41,182 | -€8,474 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €21,075 | - | -€21,075 | |
| Trade debts | 44 | €1,552 | €970 | -€582 | -37.5% |
| Suppliers | 440/4 | €1,552 | €970 | -€582 | -37.5% |
| Taxes, remuneration and social security | 45 | €3,507 | €9,718 | +€6,211 | +177.1% |
| Taxes | 450/3 | €3,507 | €9,718 | +€6,211 | +177.1% |
| Other amounts payable | 47/48 | €23,523 | €30,494 | +€6,971 | +29.6% |
| Accrued charges and deferred income | 492/3 | €3,522 | €3,675 | +€153 | +4.3% |
| Other operating charges | 640/8 | €747 | €1,223 | +€476 | +63.7% |
| Gross operating margin | 9900 | €28,878 | €25,745 | -€3,133 | -10.8% |
| Operating profit (loss) | 9901 | €28,130 | €24,522 | -€3,609 | -12.8% |
| Financial income | 75/76B | €5,265 | €4,455 | -€810 | -15.4% |
| Recurring financial income | 75 | €5,265 | €4,455 | -€810 | -15.4% |
| Financial charges | 65/66B | €5,340 | €4,369 | -€971 | -18.2% |
| Recurring financial charges | 65 | €5,340 | €4,369 | -€971 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €28,055 | €24,607 | -€3,448 | -12.3% |
| Income taxes | 67/77 | €10,656 | €7,666 | -€2,990 | -28.1% |
| Profit (loss) for the period | 9904 | €17,399 | €16,942 | -€457 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,399 | €16,942 | -€457 | -2.6% |
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 3 October 2026 via checked.be.