EMKA GROUP: 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.
EMKA GROUP
Largest movements
- Receivables within one year -€19,460
down €19,460 (-35.2%), from €55,219 to €35,760
of which Other amounts receivable: -€14,219
- Tangible fixed assets -€14,618
down €14,618 (-18.8%), from €77,631 to €63,013
of which Furniture and vehicles: -€14,635
- Cash -€7,093
down €7,093 (-15.0%), from €47,265 to €40,172
mainly Contributions, distributions and other (-€127,177) and Debts after one year (-€11,741)
- Profit (loss) carried forward -€42,390
no longer reported in 2025 (was €42,390)
- Debts after one year -€11,741
down €11,741 (-31.8%), from €36,960 to €25,219
- Tax, wage and social debts +€9,481
up €9,481 (+137%), from €6,913 to €16,394
- Other debts +€3,516
up €3,516 (+4.3%), from €82,304 to €85,820
- Depreciation -€4,913
down €4,913 (-16.0%), from €30,676 to €25,763
- Gross operating margin +€2,245
up €2,245 (+1.6%), from €142,052 to €144,297
- Taxes +€1,927
up €1,927 (+7.0%), from €27,615 to €29,543
- Other operating charges -€1,625
down €1,625 (-53.1%), from €3,061 to €1,436
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 | €181,874 | €141,734 | -€40,140 | -22.1% |
| Fixed assets | 21/28 | €77,631 | €63,013 | -€14,618 | -18.8% |
| Tangible fixed assets | 22/27 | €77,631 | €63,013 | -€14,618 | -18.8% |
| Plant, machinery and equipment | 23 | €4,195 | €4,212 | +€17 | +0.4% |
| Furniture and vehicles | 24 | €73,436 | €58,802 | -€14,635 | -19.9% |
| Current assets | 29/58 | €104,244 | €78,721 | -€25,523 | -24.5% |
| Amounts receivable within one year | 40/41 | €55,219 | €35,760 | -€19,460 | -35.2% |
| Trade receivables | 40 | €38,055 | €32,814 | -€5,241 | -13.8% |
| Other amounts receivable | 41 | €17,165 | €2,946 | -€14,219 | -82.8% |
| Cash at bank and in hand | 54/58 | €47,265 | €40,172 | -€7,093 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,759 | €2,789 | +€1,030 | +58.5% |
| Total equity and liabilities | 10/49 | €181,874 | €141,734 | -€40,140 | -22.1% |
| Equity | 10/15 | €43,390 | €1,000 | -€42,390 | -97.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,390 | - | -€42,390 | |
| Amounts payable | 17/49 | €138,484 | €140,734 | +€2,250 | +1.6% |
| Amounts payable after more than one year | 17 | €36,960 | €25,219 | -€11,741 | -31.8% |
| Financial debts | 170/4 | €36,960 | €25,219 | -€11,741 | -31.8% |
| Amounts payable within one year | 42/48 | €101,389 | €115,183 | +€13,794 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €11,198 | €11,741 | +€543 | +4.8% |
| Trade debts | 44 | €974 | €1,228 | +€254 | +26.1% |
| Suppliers | 440/4 | €974 | €1,228 | +€254 | +26.1% |
| Taxes, remuneration and social security | 45 | €6,913 | €16,394 | +€9,481 | +137% |
| Taxes | 450/3 | €6,913 | €16,394 | +€9,481 | +137% |
| Other amounts payable | 47/48 | €82,304 | €85,820 | +€3,516 | +4.3% |
| Accrued charges and deferred income | 492/3 | €135 | €332 | +€198 | +147% |
| Non-recurring operating income | 76A | €7,199 | - | -€7,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,676 | €25,763 | -€4,913 | -16.0% |
| Other operating charges | 640/8 | €3,061 | €1,436 | -€1,625 | -53.1% |
| Gross operating margin | 9900 | €142,052 | €144,297 | +€2,245 | +1.6% |
| Operating profit (loss) | 9901 | €108,314 | €117,097 | +€8,783 | +8.1% |
| Financial income | 75/76B | €420 | - | -€420 | |
| Recurring financial income | 75 | €420 | - | -€420 | |
| Financial charges | 65/66B | €3,434 | €2,767 | -€668 | -19.4% |
| Recurring financial charges | 65 | €3,434 | €2,767 | -€668 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €105,300 | €114,330 | +€9,030 | +8.6% |
| Income taxes | 67/77 | €27,615 | €29,543 | +€1,927 | +7.0% |
| Profit (loss) for the period | 9904 | €77,684 | €84,787 | +€7,103 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,684 | €84,787 | +€7,103 | +9.1% |
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 16 October 2026 via checked.be.