EMKA - B: 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 - B
Largest movements
- Cash -€53,100
down €53,100 (-63.2%), from €84,072 to €30,972
mainly Investment in fixed assets (net) (-€124,397) and Net result for the year (-€21,968)
- Tangible fixed assets +€49,589
up €49,589 (+4.7%), from €1.1m to €1.1m
of which Furniture and vehicles: +€88,953
- Receivables within one year -€19,900
down €19,900 (-32.9%), from €60,403 to €40,503
of which Trade receivables: -€37,019
- Reserves -€12,944
down €12,944 (-1.5%), from €848,990 to €836,047
of which Tax-exempt reserves: -€12,944
- Gross operating margin -€37,852
down €37,852 (-38.0%), from €99,702 to €61,851
- Depreciation +€16,264
up €16,264 (+27.8%), from €58,544 to €74,808
- Taxes -€13,898
down €13,898 (-98.1%), from €14,170 to €272
- Other operating charges -€1,336
down €1,336 (-19.8%), from €6,746 to €5,411
- Financial income -€1,294
down €1,294 (-53.2%), from €2,434 to €1,140
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 | €1,199,945 | €1,178,279 | -€21,666 | -1.8% |
| Fixed assets | 21/28 | €1,052,840 | €1,102,429 | +€49,589 | +4.7% |
| Tangible fixed assets | 22/27 | €1,052,840 | €1,102,429 | +€49,589 | +4.7% |
| Land and buildings | 22 | €1,052,642 | €1,013,278 | -€39,364 | -3.7% |
| Furniture and vehicles | 24 | €197 | €89,151 | +€88,953 | +45076.1% |
| Current assets | 29/58 | €147,106 | €75,851 | -€71,255 | -48.4% |
| Amounts receivable within one year | 40/41 | €60,403 | €40,503 | -€19,900 | -32.9% |
| Trade receivables | 40 | €44,138 | €7,119 | -€37,019 | -83.9% |
| Other amounts receivable | 41 | €16,265 | €33,384 | +€17,119 | +105.3% |
| Current investments | 50/53 | €1,202 | €1,216 | +€14 | +1.1% |
| Cash at bank and in hand | 54/58 | €84,072 | €30,972 | -€53,100 | -63.2% |
| Deferred charges and accrued income | 490/1 | €1,429 | €3,160 | +€1,731 | +121.2% |
| Total equity and liabilities | 10/49 | €1,199,945 | €1,178,279 | -€21,666 | -1.8% |
| Equity | 10/15 | €957,341 | €935,374 | -€21,968 | -2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €848,990 | €836,047 | -€12,944 | -1.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,407 | €146,463 | -€12,944 | -8.1% |
| Distributable reserves | 133 | €683,383 | €683,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,351 | €37,327 | -€9,024 | -19.5% |
| Provisions and deferred taxes | 16 | €36,868 | €33,633 | -€3,236 | -8.8% |
| Deferred taxes | 168 | €36,868 | €33,633 | -€3,236 | -8.8% |
| Amounts payable | 17/49 | €205,735 | €209,273 | +€3,538 | +1.7% |
| Amounts payable within one year | 42/48 | €205,735 | €209,273 | +€3,538 | +1.7% |
| Trade debts | 44 | €5,514 | €3,828 | -€1,686 | -30.6% |
| Suppliers | 440/4 | €5,514 | €3,828 | -€1,686 | -30.6% |
| Taxes, remuneration and social security | 45 | €3,660 | €1,095 | -€2,565 | -70.1% |
| Taxes | 450/3 | €3,660 | €1,095 | -€2,565 | -70.1% |
| Other amounts payable | 47/48 | €196,562 | €204,351 | +€7,789 | +4.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,544 | €74,808 | +€16,264 | +27.8% |
| Other operating charges | 640/8 | €6,746 | €5,411 | -€1,336 | -19.8% |
| Gross operating margin | 9900 | €99,702 | €61,851 | -€37,852 | -38.0% |
| Operating profit (loss) | 9901 | €34,412 | -€18,368 | -€52,780 | |
| Financial income | 75/76B | €2,434 | €1,140 | -€1,294 | -53.2% |
| Recurring financial income | 75 | €2,434 | €1,140 | -€1,294 | -53.2% |
| Financial charges | 65/66B | €8,014 | €7,704 | -€310 | -3.9% |
| Recurring financial charges | 65 | €8,014 | €7,704 | -€310 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €28,832 | -€24,932 | -€53,764 | |
| Transfer from deferred taxes | 780 | €3,236 | €3,236 | = | 0.0% |
| Income taxes | 67/77 | €14,170 | €272 | -€13,898 | -98.1% |
| Profit (loss) for the period | 9904 | €17,898 | -€21,968 | -€39,866 | |
| Transfer from tax-exempt reserves | 789 | €12,944 | €12,944 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,842 | -€9,024 | -€39,866 |
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 8 October 2026 via checked.be.