EMJEEZ: 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.
EMJEEZ
Largest movements
- Tangible fixed assets -€34,451
down €34,451 (-11.9%), from €289,050 to €254,599
of which Plant, machinery and equipment: -€17,568
- Cash +€15,126
up €15,126 (+51.7%), from €29,273 to €44,399
mainly Depreciation (+€47,834) and Trade debts (+€25,521)
- Formation expenses -€5,510
down €5,510 (-42.7%), from €12,895 to €7,385
- Receivables within one year -€4,746
down €4,746 (-37.9%), from €12,509 to €7,763
of which Trade receivables: -€2,392
- Debts after one year -€49,452
down €49,452 (-23.3%), from €211,818 to €162,366
- Trade debts +€25,521
up €25,521 (+60.5%), from €42,197 to €67,718
- Other debts -€24,088
down €24,088 (-81.9%), from €29,417 to €5,329
- Reserves +€23,320
up €23,320 (+51.2%), from €45,550 to €68,870
- Tax, wage and social debts -€11,191
down €11,191 (-25.0%), from €44,718 to €33,527
of which Remuneration and social security: -€10,481
- Staff costs -€13,738
down €13,738 (-7.8%), from €176,412 to €162,675
- Taxes +€5,990
up €5,990 (+132.0%), from €4,538 to €10,528
- Gross operating margin +€4,911
up €4,911 (+2.0%), from €248,929 to €253,841
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 | €448,662 | €422,121 | -€26,541 | -5.9% |
| Formation expenses | 20 | €12,895 | €7,385 | -€5,510 | -42.7% |
| Fixed assets | 21/28 | €289,050 | €254,599 | -€34,451 | -11.9% |
| Tangible fixed assets | 22/27 | €289,050 | €254,599 | -€34,451 | -11.9% |
| Plant, machinery and equipment | 23 | €159,067 | €141,499 | -€17,568 | -11.0% |
| Furniture and vehicles | 24 | €35,825 | €27,834 | -€7,992 | -22.3% |
| Other tangible fixed assets | 26 | €94,158 | €85,267 | -€8,891 | -9.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €146,717 | €160,137 | +€13,420 | +9.1% |
| Amounts receivable after more than one year | 29 | €67,460 | €67,460 | = | 0.0% |
| Other amounts receivable | 291 | €67,460 | €67,460 | = | 0.0% |
| Stocks and contracts in progress | 3 | €34,650 | €33,900 | -€750 | -2.2% |
| Stocks | 30/36 | €34,650 | €33,900 | -€750 | -2.2% |
| Amounts receivable within one year | 40/41 | €12,509 | €7,763 | -€4,746 | -37.9% |
| Trade receivables | 40 | €2,530 | €139 | -€2,392 | -94.5% |
| Other amounts receivable | 41 | €9,979 | €7,625 | -€2,354 | -23.6% |
| Cash at bank and in hand | 54/58 | €29,273 | €44,399 | +€15,126 | +51.7% |
| Deferred charges and accrued income | 490/1 | €2,825 | €6,615 | +€3,790 | +134.2% |
| Total equity and liabilities | 10/49 | €448,662 | €422,121 | -€26,541 | -5.9% |
| Equity | 10/15 | €66,980 | €90,300 | +€23,320 | +34.8% |
| Contributions | 10/11 | €21,430 | €21,430 | = | 0.0% |
| Reserves | 13 | €45,550 | €68,870 | +€23,320 | +51.2% |
| Distributable reserves | 133 | €45,550 | €68,870 | +€23,320 | +51.2% |
| Amounts payable | 17/49 | €381,682 | €331,821 | -€49,861 | -13.1% |
| Amounts payable after more than one year | 17 | €211,818 | €162,366 | -€49,452 | -23.3% |
| Financial debts | 170/4 | €211,818 | €162,366 | -€49,452 | -23.3% |
| Amounts payable within one year | 42/48 | €166,461 | €158,280 | -€8,181 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €50,129 | €49,452 | -€677 | -1.4% |
| Financial debts | 43 | - | €2,254 | +€2,254 | |
| Credit institutions | 430/8 | - | €2,254 | +€2,254 | |
| Trade debts | 44 | €42,197 | €67,718 | +€25,521 | +60.5% |
| Suppliers | 440/4 | €42,197 | €67,718 | +€25,521 | +60.5% |
| Taxes, remuneration and social security | 45 | €44,718 | €33,527 | -€11,191 | -25.0% |
| Taxes | 450/3 | €24,947 | €24,237 | -€710 | -2.8% |
| Remuneration and social security | 454/9 | €19,771 | €9,290 | -€10,481 | -53.0% |
| Other amounts payable | 47/48 | €29,417 | €5,329 | -€24,088 | -81.9% |
| Accrued charges and deferred income | 492/3 | €3,403 | €11,175 | +€7,772 | +228.4% |
| Remuneration, social security and pensions | 62 | €176,412 | €162,675 | -€13,738 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,342 | €47,834 | -€508 | -1.1% |
| Other operating charges | 640/8 | €2,253 | €2,268 | +€14 | +0.6% |
| Gross operating margin | 9900 | €248,929 | €253,841 | +€4,911 | +2.0% |
| Operating profit (loss) | 9901 | €21,921 | €41,064 | +€19,143 | +87.3% |
| Financial income | 75/76B | €1,462 | €664 | -€798 | -54.6% |
| Recurring financial income | 75 | €1,462 | €664 | -€798 | -54.6% |
| Financial charges | 65/66B | €9,901 | €7,880 | -€2,021 | -20.4% |
| Recurring financial charges | 65 | €9,901 | €7,880 | -€2,021 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €13,482 | €33,848 | +€20,366 | +151.1% |
| Income taxes | 67/77 | €4,538 | €10,528 | +€5,990 | +132.0% |
| Profit (loss) for the period | 9904 | €8,945 | €23,320 | +€14,376 | +160.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,945 | €23,320 | +€14,376 | +160.7% |
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 6 October 2026 via checked.be.