EML: 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.
EML
Largest movements
- Cash +€30,455
up €30,455 (+456.3%), from €6,675 to €37,130
mainly Debts after one year (+€40,000) and Trade debts (+€12,968)
- Receivables within one year -€3,658
down €3,658 (-19.5%), from €18,769 to €15,111
of which Trade receivables: -€6,359
- Tangible fixed assets -€3,149
down €3,149 (-7.4%), from €42,593 to €39,444
of which Land and buildings: -€1,680
- Debts after one year +€40,000
up €40,000 (+258.1%), from €15,500 to €55,500
- Profit (loss) carried forward -€30,732
down €30,732, from €3,669 to -€27,063
- Trade debts +€12,968
up €12,968 (+4292.5%), from €302 to €13,271
- Other debts +€1,267
up €1,267 (+6.4%), from €19,731 to €20,998
- Gross operating margin -€32,884
down €32,884, from €11,508 to -€21,376
- Depreciation +€3,030
up €3,030 (+61.2%), from €4,949 to €7,980
- Taxes -€2,037
down €2,037 (-91.6%), from €2,223 to €186
- Other operating charges +€236
up €236 (+26.2%), from €900 to €1,136
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 | €68,383 | €91,813 | +€23,430 | +34.3% |
| Fixed assets | 21/28 | €42,940 | €39,572 | -€3,367 | -7.8% |
| Intangible fixed assets | 21 | €346 | €128 | -€218 | -63.0% |
| Tangible fixed assets | 22/27 | €42,593 | €39,444 | -€3,149 | -7.4% |
| Land and buildings | 22 | €15,962 | €14,282 | -€1,680 | -10.5% |
| Plant, machinery and equipment | 23 | €5,602 | €4,946 | -€656 | -11.7% |
| Furniture and vehicles | 24 | €10,029 | €9,216 | -€813 | -8.1% |
| Leasing and similar rights | 25 | €11,000 | €11,000 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €25,444 | €52,241 | +€26,797 | +105.3% |
| Amounts receivable within one year | 40/41 | €18,769 | €15,111 | -€3,658 | -19.5% |
| Trade receivables | 40 | €16,753 | €10,394 | -€6,359 | -38.0% |
| Other amounts receivable | 41 | €2,016 | €4,717 | +€2,701 | +134.0% |
| Cash at bank and in hand | 54/58 | €6,675 | €37,130 | +€30,455 | +456.3% |
| Total equity and liabilities | 10/49 | €68,383 | €91,813 | +€23,430 | +34.3% |
| Equity | 10/15 | €28,469 | -€2,263 | -€30,732 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,800 | €21,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €21,500 | €21,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,669 | -€27,063 | -€30,732 | |
| Amounts payable | 17/49 | €39,915 | €94,076 | +€54,161 | +135.7% |
| Amounts payable after more than one year | 17 | €15,500 | €55,500 | +€40,000 | +258.1% |
| Financial debts | 170/4 | €15,500 | €55,500 | +€40,000 | +258.1% |
| Amounts payable within one year | 42/48 | €24,415 | €38,576 | +€14,161 | +58.0% |
| Trade debts | 44 | €302 | €13,271 | +€12,968 | +4292.5% |
| Suppliers | 440/4 | €302 | €13,271 | +€12,968 | +4292.5% |
| Taxes, remuneration and social security | 45 | €4,381 | €4,308 | -€74 | -1.7% |
| Taxes | 450/3 | €4,381 | €4,308 | -€74 | -1.7% |
| Other amounts payable | 47/48 | €19,731 | €20,998 | +€1,267 | +6.4% |
| Non-recurring operating income | 76A | - | €10,987 | +€10,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,949 | €7,980 | +€3,030 | +61.2% |
| Other operating charges | 640/8 | €900 | €1,136 | +€236 | +26.2% |
| Gross operating margin | 9900 | €11,508 | -€21,376 | -€32,884 | |
| Operating profit (loss) | 9901 | €5,658 | -€30,492 | -€36,150 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €56 | €54 | -€2 | -3.4% |
| Recurring financial charges | 65 | €56 | €54 | -€2 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €5,604 | -€30,546 | -€36,150 | |
| Income taxes | 67/77 | €2,223 | €186 | -€2,037 | -91.6% |
| Profit (loss) for the period | 9904 | €3,382 | -€30,732 | -€34,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,382 | -€30,732 | -€34,113 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.