EMISPO: 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.
EMISPO
Largest movements
- Receivables within one year +€12,541
up €12,541 (+201%), from €6,232 to €18,773
of which Trade receivables: +€6,353
- Deferred charges and accrued income -€6,079
down €6,079 (-95.0%), from €6,397 to €319
- Cash +€2,645
up €2,645 (+13.0%), from €20,305 to €22,950
mainly Net result for the year (+€7,640) and Deferred charges and accrued income (+€6,079)
- Tangible fixed assets +€856
up €856 (+13.0%), from €6,579 to €7,434
of which Plant, machinery and equipment: +€2,855
- Reserves +€7,500
up €7,500 (+72.8%), from €10,301 to €17,801
of which Distributable reserves: +€7,500
- Trade debts -€4,383
down €4,383 (-68.8%), from €6,371 to €1,989
- Tax, wage and social debts +€4,177
up €4,177 (+52.1%), from €8,013 to €12,190
of which Taxes: +€3,392
- Accrued charges and deferred income +€2,528
up €2,528 (+974%), from €260 to €2,788
- Staff costs -€42,160
down €42,160 (-50.9%), from €82,791 to €40,631
- Gross operating margin -€23,420
down €23,420 (-29.9%), from €78,345 to €54,925
- Taxes +€3,115
up €3,115 (+343%), from €909 to €4,024
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 | €47,028 | €56,991 | +€9,963 | +21.2% |
| Fixed assets | 21/28 | €6,579 | €7,434 | +€856 | +13.0% |
| Tangible fixed assets | 22/27 | €6,579 | €7,434 | +€856 | +13.0% |
| Land and buildings | 22 | €5,714 | €4,580 | -€1,134 | -19.8% |
| Plant, machinery and equipment | 23 | - | €2,855 | +€2,855 | |
| Furniture and vehicles | 24 | €865 | - | -€865 | |
| Current assets | 29/58 | €40,450 | €49,557 | +€9,107 | +22.5% |
| Stocks and contracts in progress | 3 | €7,515 | €7,515 | = | 0.0% |
| Stocks | 30/36 | €7,515 | €7,515 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,232 | €18,773 | +€12,541 | +201% |
| Trade receivables | 40 | - | €6,353 | +€6,353 | |
| Other amounts receivable | 41 | €6,232 | €12,420 | +€6,188 | +99.3% |
| Cash at bank and in hand | 54/58 | €20,305 | €22,950 | +€2,645 | +13.0% |
| Deferred charges and accrued income | 490/1 | €6,397 | €319 | -€6,079 | -95.0% |
| Total equity and liabilities | 10/49 | €47,028 | €56,991 | +€9,963 | +21.2% |
| Equity | 10/15 | €32,385 | €40,025 | +€7,640 | +23.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,301 | €17,801 | +€7,500 | +72.8% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €10,201 | €17,701 | +€7,500 | +73.5% |
| Profit (loss) carried forward | 14 | €21,084 | €21,224 | +€140 | +0.7% |
| Amounts payable | 17/49 | €14,644 | €16,966 | +€2,323 | +15.9% |
| Amounts payable within one year | 42/48 | €14,384 | €14,178 | -€205 | -1.4% |
| Trade debts | 44 | €6,371 | €1,989 | -€4,383 | -68.8% |
| Suppliers | 440/4 | €6,371 | €1,989 | -€4,383 | -68.8% |
| Taxes, remuneration and social security | 45 | €8,013 | €12,190 | +€4,177 | +52.1% |
| Taxes | 450/3 | €8,013 | €11,404 | +€3,392 | +42.3% |
| Remuneration and social security | 454/9 | - | €786 | +€786 | |
| Accrued charges and deferred income | 492/3 | €260 | €2,788 | +€2,528 | +974% |
| Remuneration, social security and pensions | 62 | €82,791 | €40,631 | -€42,160 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,774 | €2,023 | +€249 | +14.1% |
| Other operating charges | 640/8 | €1,014 | €728 | -€286 | -28.2% |
| Gross operating margin | 9900 | €78,345 | €54,925 | -€23,420 | -29.9% |
| Operating profit (loss) | 9901 | -€7,234 | €11,543 | +€18,777 | |
| Financial income | 75/76B | €658 | €574 | -€84 | -12.8% |
| Recurring financial income | 75 | €658 | €574 | -€84 | -12.8% |
| Financial charges | 65/66B | €591 | €452 | -€139 | -23.6% |
| Recurring financial charges | 65 | €591 | €452 | -€139 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,167 | €11,665 | +€18,832 | |
| Income taxes | 67/77 | €909 | €4,024 | +€3,115 | +343% |
| Profit (loss) for the period | 9904 | -€8,076 | €7,640 | +€15,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,076 | €7,640 | +€15,717 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.