EMKA: 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.
EMKA
Largest movements
- Current assets -€25,760
down €25,760 (-54.9%), from €46,905 to €21,145
of which Stocks and contracts: -€45,461
- Tangible fixed assets -€1,744
no longer reported in 2020 (was €1,744)
- Debts within one year -€16,266
down €16,266 (-9.2%), from €177,279 to €161,014
- Profit (loss) carried forward -€11,238
down €11,238 (-5.0%), from -€225,158 to -€236,395
- Turnover -€75,012
down €75,012 (-47.2%), from €158,811 to €83,799
- Gross operating margin -€27,445
down €27,445, from €26,483 to -€962
- Taxes -€7,478
no longer reported in 2020 (was €7,478)
- Depreciation -€2,992
down €2,992 (-63.2%), from €4,735 to €1,744
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,648 | €30,145 | -€27,503 | -47.7% |
| Fixed assets | 21/28 | €10,744 | €9,000 | -€1,744 | -16.2% |
| Tangible fixed assets | 22/27 | €1,744 | - | -€1,744 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €46,905 | €21,145 | -€25,760 | -54.9% |
| Stocks and contracts in progress | 3 | €45,461 | - | -€45,461 | |
| Amounts receivable within one year | 40/41 | €669 | €21,000 | +€20,331 | +3037.0% |
| Cash at bank and in hand | 54/58 | - | €145 | +€145 | |
| Total equity and liabilities | 10/49 | €57,648 | €30,145 | -€27,503 | -47.7% |
| Equity | 10/15 | -€204,706 | -€215,943 | -€11,238 | -5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,158 | -€236,395 | -€11,238 | -5.0% |
| Amounts payable | 17/49 | €262,354 | €246,089 | -€16,266 | -6.2% |
| Amounts payable after more than one year | 17 | €85,075 | €85,075 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,279 | €161,014 | -€16,266 | -9.2% |
| Trade debts | 44 | €21,867 | - | -€21,867 | |
| Turnover | 70 | €158,811 | €83,799 | -€75,012 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,735 | €1,744 | -€2,992 | -63.2% |
| Gross operating margin | 9900 | €26,483 | -€962 | -€27,445 | |
| Operating profit (loss) | 9901 | -€30,283 | -€10,969 | +€19,314 | +63.8% |
| Recurring financial charges | 65 | €155 | €269 | +€114 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,438 | -€11,238 | +€19,200 | +63.1% |
| Income taxes | 67/77 | €7,478 | - | -€7,478 | |
| Profit (loss) for the period | 9904 | -€37,916 | -€11,238 | +€26,678 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,916 | -€11,238 | +€26,678 | +70.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.