EMLA: 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.
EMLA
Largest movements
- Cash +€3,532
up €3,532 (+18.1%), from €19,464 to €22,996
mainly Net result for the year (+€2,544) and Deferred charges and accrued income (+€1,596)
- Deferred charges and accrued income -€1,596
down €1,596 (-37.3%), from €4,277 to €2,680
- Tangible fixed assets +€1,195
up €1,195 (+374%), from €319 to €1,514
of which Furniture and vehicles: +€1,260
- Reserves +€2,544
up €2,544 (+11.3%), from €22,579 to €25,123
- Tax, wage and social debts +€649
up €649 (+361%), from €180 to €829
- Gross operating margin -€1,841
down €1,841 (-22.2%), from €8,281 to €6,440
- Financial charges -€524
down €524 (-18.9%), from €2,780 to €2,255
- Taxes +€500
up €500 (+278%), from €180 to €680
- Other operating charges +€454
up €454 (+135%), from €337 to €791
- Depreciation +€308
up €308 (+4,657%), from €7 to €314
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 | €28,154 | €31,377 | +€3,222 | +11.4% |
| Fixed assets | 21/28 | €569 | €1,764 | +€1,195 | +210% |
| Tangible fixed assets | 22/27 | €319 | €1,514 | +€1,195 | +374% |
| Plant, machinery and equipment | 23 | €319 | €254 | -€65 | -20.4% |
| Furniture and vehicles | 24 | - | €1,260 | +€1,260 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €27,585 | €29,613 | +€2,027 | +7.3% |
| Amounts receivable within one year | 40/41 | €845 | €686 | -€159 | -18.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €845 | €686 | -€159 | -18.8% |
| Current investments | 50/53 | €3,000 | €3,250 | +€250 | +8.3% |
| Cash at bank and in hand | 54/58 | €19,464 | €22,996 | +€3,532 | +18.1% |
| Deferred charges and accrued income | 490/1 | €4,277 | €2,680 | -€1,596 | -37.3% |
| Total equity and liabilities | 10/49 | €28,154 | €31,377 | +€3,222 | +11.4% |
| Equity | 10/15 | €26,579 | €29,123 | +€2,544 | +9.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €22,579 | €25,123 | +€2,544 | +11.3% |
| Distributable reserves | 133 | €22,579 | €25,123 | +€2,544 | +11.3% |
| Amounts payable | 17/49 | €1,575 | €2,253 | +€678 | +43.0% |
| Amounts payable within one year | 42/48 | €1,575 | €2,253 | +€678 | +43.0% |
| Trade debts | 44 | €1,396 | €1,424 | +€29 | +2.1% |
| Suppliers | 440/4 | €1,396 | €1,424 | +€29 | +2.1% |
| Taxes, remuneration and social security | 45 | €180 | €829 | +€649 | +361% |
| Taxes | 450/3 | €180 | €829 | +€649 | +361% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €314 | +€308 | +4,657% |
| Other operating charges | 640/8 | €337 | €791 | +€454 | +135% |
| Non-recurring operating charges | 66A | €12,514 | €0 | -€12,514 | -100% |
| Gross operating margin | 9900 | €8,281 | €6,440 | -€1,841 | -22.2% |
| Operating profit (loss) | 9901 | -€4,577 | €5,335 | +€9,911 | |
| Financial income | 75/76B | €159 | €145 | -€13 | -8.4% |
| Recurring financial income | 75 | €159 | €145 | -€13 | -8.4% |
| Financial charges | 65/66B | €2,780 | €2,255 | -€524 | -18.9% |
| Recurring financial charges | 65 | €2,780 | €2,255 | -€524 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,198 | €3,224 | +€10,422 | |
| Income taxes | 67/77 | €180 | €680 | +€500 | +278% |
| Profit (loss) for the period | 9904 | -€7,378 | €2,544 | +€9,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,378 | €2,544 | +€9,922 |
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 15 October 2026 via checked.be.