EMJATI: 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.
EMJATI
Largest movements
- Receivables within one year +€14,627
up €14,627 (+172%), from €8,498 to €23,125
of which Other amounts receivable: +€8,809
- Tangible fixed assets -€9,849
down €9,849 (-4.2%), from €236,520 to €226,671
of which Land and buildings: -€7,369
- Cash +€5,996
up €5,996 (+39.6%), from €15,141 to €21,137
mainly Tax, wage and social debts (+€9,908) and Depreciation (+€9,849)
- Stocks and contracts -€4,811
down €4,811 (-6.4%), from €75,144 to €70,333
- Debts after one year -€10,026
down €10,026 (-6.3%), from €159,618 to €149,592
- Tax, wage and social debts +€9,908
up €9,908 (+1,223%), from €810 to €10,718
- Reserves +€9,715
up €9,715 (+21.2%), from €45,909 to €55,624
- Other debts -€4,934
down €4,934 (-5.3%), from €92,841 to €87,906
- Gross operating margin +€20,620
up €20,620 (+148%), from €13,898 to €34,517
- Staff costs +€2,762
new in 2025: €2,762
- Taxes +€2,169
up €2,169, from €0 to €2,169
- Depreciation -€654
down €654 (-6.2%), from €10,502 to €9,849
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 | €336,157 | €341,266 | +€5,109 | +1.5% |
| Fixed assets | 21/28 | €236,520 | €226,671 | -€9,849 | -4.2% |
| Tangible fixed assets | 22/27 | €236,520 | €226,671 | -€9,849 | -4.2% |
| Land and buildings | 22 | €230,245 | €222,876 | -€7,369 | -3.2% |
| Plant, machinery and equipment | 23 | €2,524 | €1,845 | -€679 | -26.9% |
| Furniture and vehicles | 24 | €3,751 | €1,951 | -€1,800 | -48.0% |
| Current assets | 29/58 | €99,637 | €114,595 | +€14,958 | +15.0% |
| Stocks and contracts in progress | 3 | €75,144 | €70,333 | -€4,811 | -6.4% |
| Stocks | 30/36 | €75,144 | €70,333 | -€4,811 | -6.4% |
| Amounts receivable within one year | 40/41 | €8,498 | €23,125 | +€14,627 | +172% |
| Trade receivables | 40 | €3,236 | €9,054 | +€5,818 | +180% |
| Other amounts receivable | 41 | €5,262 | €14,071 | +€8,809 | +167% |
| Cash at bank and in hand | 54/58 | €15,141 | €21,137 | +€5,996 | +39.6% |
| Deferred charges and accrued income | 490/1 | €853 | €0 | -€853 | -100% |
| Total equity and liabilities | 10/49 | €336,157 | €341,266 | +€5,109 | +1.5% |
| Equity | 10/15 | €70,909 | €80,624 | +€9,715 | +13.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €45,909 | €55,624 | +€9,715 | +21.2% |
| Distributable reserves | 133 | €45,909 | €55,624 | +€9,715 | +21.2% |
| Amounts payable | 17/49 | €265,248 | €260,642 | -€4,606 | -1.7% |
| Amounts payable after more than one year | 17 | €159,618 | €149,592 | -€10,026 | -6.3% |
| Financial debts | 170/4 | €159,618 | €149,592 | -€10,026 | -6.3% |
| Amounts payable within one year | 42/48 | €104,198 | €109,620 | +€5,421 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €9,590 | €10,026 | +€436 | +4.5% |
| Trade debts | 44 | €639 | €970 | +€331 | +51.8% |
| Suppliers | 440/4 | €639 | €970 | +€331 | +51.8% |
| Advances received on contracts in progress | 46 | €319 | €0 | -€319 | -100% |
| Taxes, remuneration and social security | 45 | €810 | €10,718 | +€9,908 | +1,223% |
| Taxes | 450/3 | €810 | €10,718 | +€9,908 | +1,223% |
| Other amounts payable | 47/48 | €92,841 | €87,906 | -€4,934 | -5.3% |
| Accrued charges and deferred income | 492/3 | €1,432 | €1,430 | -€1 | -0.1% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | - | €2,762 | +€2,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,502 | €9,849 | -€654 | -6.2% |
| Other operating charges | 640/8 | €1,604 | €1,813 | +€210 | +13.1% |
| Gross operating margin | 9900 | €13,898 | €34,517 | +€20,620 | +148% |
| Operating profit (loss) | 9901 | €1,791 | €20,093 | +€18,301 | +1,022% |
| Financial income | 75/76B | €30 | €0 | -€30 | -99.9% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -99.9% |
| Financial charges | 65/66B | €8,068 | €8,209 | +€141 | +1.8% |
| Recurring financial charges | 65 | €8,068 | €8,209 | +€141 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,247 | €11,884 | +€18,130 | |
| Income taxes | 67/77 | €0 | €2,169 | +€2,169 | |
| Profit (loss) for the period | 9904 | -€6,247 | €9,715 | +€15,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,247 | €9,715 | +€15,962 |
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 14 October 2026 via checked.be.