Emisof: 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.
Emisof
Largest movements
- Receivables within one year +€15,034
up €15,034 (+28.7%), from €52,346 to €67,380
of which Trade receivables: +€9,300
- Tangible fixed assets -€1,898
down €1,898 (-36.6%), from €5,181 to €3,283
- Reserves +€10,000
up €10,000 (+31.3%), from €32,000 to €42,000
- Tax, wage and social debts +€2,821
up €2,821 (+64.1%), from €4,403 to €7,224
of which Taxes: +€3,112
- Short-term financial debts +€2,211
new in 2025: €2,211
- Trade debts -€878
down €878 (-38.1%), from €2,305 to €1,427
- Gross operating margin -€12,655
down €12,655 (-45.5%), from €27,830 to €15,174
- Taxes +€4,284
up €4,284 (+2,178%), from €197 to €4,480
- Financial income +€729
up €729 (+31.9%), from €2,283 to €3,012
- Depreciation -€330
down €330 (-14.8%), from €2,228 to €1,898
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 | €57,530 | €71,524 | +€13,994 | +24.3% |
| Fixed assets | 21/28 | €5,181 | €3,283 | -€1,898 | -36.6% |
| Tangible fixed assets | 22/27 | €5,181 | €3,283 | -€1,898 | -36.6% |
| Furniture and vehicles | 24 | €5,181 | €3,283 | -€1,898 | -36.6% |
| Current assets | 29/58 | €52,349 | €68,241 | +€15,892 | +30.4% |
| Amounts receivable within one year | 40/41 | €52,346 | €67,380 | +€15,034 | +28.7% |
| Trade receivables | 40 | - | €9,300 | +€9,300 | |
| Other amounts receivable | 41 | €52,346 | €58,080 | +€5,734 | +11.0% |
| Cash at bank and in hand | 54/58 | €3 | €673 | +€670 | +20,367% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €57,530 | €71,524 | +€13,994 | +24.3% |
| Equity | 10/15 | €50,822 | €60,661 | +€9,839 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,000 | €42,000 | +€10,000 | +31.3% |
| Distributable reserves | 133 | €32,000 | €42,000 | +€10,000 | +31.3% |
| Profit (loss) carried forward | 14 | €222 | €61 | -€161 | -72.4% |
| Amounts payable | 17/49 | €6,708 | €10,862 | +€4,154 | +61.9% |
| Amounts payable within one year | 42/48 | €6,708 | €10,862 | +€4,154 | +61.9% |
| Financial debts | 43 | - | €2,211 | +€2,211 | |
| Credit institutions | 430/8 | - | €2,211 | +€2,211 | |
| Trade debts | 44 | €2,305 | €1,427 | -€878 | -38.1% |
| Suppliers | 440/4 | €2,305 | €1,427 | -€878 | -38.1% |
| Taxes, remuneration and social security | 45 | €4,403 | €7,224 | +€2,821 | +64.1% |
| Taxes | 450/3 | €1,552 | €4,665 | +€3,112 | +200% |
| Remuneration and social security | 454/9 | €2,850 | €2,559 | -€291 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,228 | €1,898 | -€330 | -14.8% |
| Other operating charges | 640/8 | €1,009 | €791 | -€219 | -21.7% |
| Gross operating margin | 9900 | €27,830 | €15,174 | -€12,655 | -45.5% |
| Operating profit (loss) | 9901 | €24,592 | €12,486 | -€12,107 | -49.2% |
| Financial income | 75/76B | €2,283 | €3,012 | +€729 | +31.9% |
| Recurring financial income | 75 | €2,283 | €3,012 | +€729 | +31.9% |
| Financial charges | 65/66B | €1,197 | €1,178 | -€19 | -1.6% |
| Recurring financial charges | 65 | €1,197 | €1,178 | -€19 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €25,678 | €14,320 | -€11,358 | -44.2% |
| Income taxes | 67/77 | €197 | €4,480 | +€4,284 | +2,178% |
| Profit (loss) for the period | 9904 | €25,482 | €9,839 | -€15,642 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,482 | €9,839 | -€15,642 | -61.4% |
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 25 October 2026 via checked.be.