EMKA Management: 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 Management
Largest movements
- Cash +€130,683
up €130,683 (+464%), from €28,141 to €158,824
mainly Net result for the year (+€132,203) and Tax, wage and social debts (+€71,873)
- Receivables within one year +€56,926
up €56,926 (+344%), from €16,572 to €73,499
of which Trade receivables: +€56,926
- Tangible fixed assets -€4,671
down €4,671 (-57.1%), from €8,174 to €3,503
- Profit (loss) carried forward +€131,370
up €131,370 (+11,127%), from €1,181 to €132,550
- Tax, wage and social debts +€71,873
up €71,873 (+533%), from €13,491 to €85,363
- Other debts -€23,843
down €23,843 (-67.2%), from €35,462 to €11,619
- Trade debts +€4,935
up €4,935 (+654%), from €754 to €5,689
- Gross operating margin +€178,066
up €178,066 (+3,619%), from €4,921 to €182,987
- Taxes +€43,617
up €43,617 (+2,570%), from €1,697 to €45,314
- Depreciation +€3,503
up €3,503 (+300%), from €1,168 to €4,671
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 | €52,887 | €237,222 | +€184,334 | +349% |
| Fixed assets | 21/28 | €8,174 | €3,503 | -€4,671 | -57.1% |
| Tangible fixed assets | 22/27 | €8,174 | €3,503 | -€4,671 | -57.1% |
| Furniture and vehicles | 24 | €8,174 | €3,503 | -€4,671 | -57.1% |
| Current assets | 29/58 | €44,713 | €233,719 | +€189,005 | +423% |
| Amounts receivable within one year | 40/41 | €16,572 | €73,499 | +€56,926 | +344% |
| Trade receivables | 40 | €15,904 | €72,831 | +€56,926 | +358% |
| Other amounts receivable | 41 | €668 | €668 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,141 | €158,824 | +€130,683 | +464% |
| Deferred charges and accrued income | 490/1 | - | €1,396 | +€1,396 | |
| Total equity and liabilities | 10/49 | €52,887 | €237,222 | +€184,334 | +349% |
| Equity | 10/15 | €3,181 | €134,550 | +€131,370 | +4,130% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,181 | €132,550 | +€131,370 | +11,127% |
| Amounts payable | 17/49 | €49,707 | €102,671 | +€52,965 | +107% |
| Amounts payable within one year | 42/48 | €49,707 | €102,671 | +€52,965 | +107% |
| Trade debts | 44 | €754 | €5,689 | +€4,935 | +654% |
| Suppliers | 440/4 | €754 | €5,689 | +€4,935 | +654% |
| Taxes, remuneration and social security | 45 | €13,491 | €85,363 | +€71,873 | +533% |
| Taxes | 450/3 | €13,491 | €85,363 | +€71,873 | +533% |
| Other amounts payable | 47/48 | €35,462 | €11,619 | -€23,843 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €4,671 | +€3,503 | +300% |
| Other operating charges | 640/8 | - | €755 | +€755 | |
| Gross operating margin | 9900 | €4,921 | €182,987 | +€178,066 | +3,619% |
| Operating profit (loss) | 9901 | €3,753 | €177,560 | +€173,807 | +4,631% |
| Financial income | 75/76B | €18 | €79 | +€61 | +342% |
| Recurring financial income | 75 | €18 | €79 | +€61 | +342% |
| Financial charges | 65/66B | €34 | €123 | +€88 | +259% |
| Recurring financial charges | 65 | €34 | €123 | +€88 | +259% |
| Profit (loss) for the period before taxes | 9903 | €3,737 | €177,517 | +€173,780 | +4,650% |
| Income taxes | 67/77 | €1,697 | €45,314 | +€43,617 | +2,570% |
| Profit (loss) for the period | 9904 | €2,040 | €132,203 | +€130,163 | +6,382% |
| Profit (loss) for the period to be appropriated | 9905 | €2,040 | €132,203 | +€130,163 | +6,382% |
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 17 October 2026 via checked.be.