EMLH CORP: 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.
EMLH CORP
Largest movements
- Current investments +€229,182
new in 2025: €229,182
- Receivables within one year +€109,248
up €109,248 (+287%), from €38,041 to €147,289
of which Other amounts receivable: +€123,580
- Receivables after one year +€72,450
new in 2025: €72,450
- Cash -€66,686
down €66,686 (-81.7%), from €81,588 to €14,903
mainly Current investments (-€229,182) and Receivables within one year (-€109,248)
- Tangible fixed assets -€21,146
down €21,146 (-4.8%), from €437,227 to €416,081
of which Land and buildings: -€10,789
- Short-term financial debts +€165,000
new in 2025: €165,000
- Profit (loss) carried forward +€56,039
up €56,039 (+90.9%), from €61,648 to €117,687
- Other debts +€53,713
up €53,713 (+261%), from €20,544 to €74,257
- Tax, wage and social debts +€32,860
up €32,860 (+1,142%), from €2,877 to €35,737
- Debts after one year -€27,009
down €27,009 (-6.7%), from €402,253 to €375,243
- Gross operating margin +€70,584
up €70,584 (+126%), from €56,077 to €126,661
- Taxes +€27,708
new in 2025: €27,708
- Financial income +€2,339
up €2,339 (+1,439%), from €163 to €2,501
- Staff costs +€1,617
up €1,617 (+531%), from €304 to €1,921
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 | €557,406 | €880,454 | +€323,048 | +58.0% |
| Fixed assets | 21/28 | €437,777 | €416,631 | -€21,146 | -4.8% |
| Tangible fixed assets | 22/27 | €437,227 | €416,081 | -€21,146 | -4.8% |
| Land and buildings | 22 | €393,501 | €382,712 | -€10,789 | -2.7% |
| Furniture and vehicles | 24 | €24,270 | €16,080 | -€8,190 | -33.7% |
| Other tangible fixed assets | 26 | €19,456 | €17,289 | -€2,167 | -11.1% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €119,629 | €463,823 | +€344,194 | +288% |
| Amounts receivable after more than one year | 29 | - | €72,450 | +€72,450 | |
| Other amounts receivable | 291 | - | €72,450 | +€72,450 | |
| Amounts receivable within one year | 40/41 | €38,041 | €147,289 | +€109,248 | +287% |
| Trade receivables | 40 | €21,541 | €7,209 | -€14,332 | -66.5% |
| Other amounts receivable | 41 | €16,500 | €140,080 | +€123,580 | +749% |
| Current investments | 50/53 | - | €229,182 | +€229,182 | |
| Cash at bank and in hand | 54/58 | €81,588 | €14,903 | -€66,686 | -81.7% |
| Total equity and liabilities | 10/49 | €557,406 | €880,454 | +€323,048 | +58.0% |
| Equity | 10/15 | €62,148 | €118,187 | +€56,039 | +90.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,648 | €117,687 | +€56,039 | +90.9% |
| Amounts payable | 17/49 | €495,259 | €762,268 | +€267,009 | +53.9% |
| Amounts payable after more than one year | 17 | €402,253 | €375,243 | -€27,009 | -6.7% |
| Financial debts | 170/4 | €402,253 | €375,243 | -€27,009 | -6.7% |
| Amounts payable within one year | 42/48 | €45,006 | €312,024 | +€267,018 | +593% |
| Current portion of amounts payable after more than one year | 42 | - | €13,805 | +€13,805 | |
| Financial debts | 43 | - | €165,000 | +€165,000 | |
| Credit institutions | 430/8 | - | €165,000 | +€165,000 | |
| Trade debts | 44 | €21,585 | €23,226 | +€1,641 | +7.6% |
| Suppliers | 440/4 | €21,585 | €23,226 | +€1,641 | +7.6% |
| Taxes, remuneration and social security | 45 | €2,877 | €35,737 | +€32,860 | +1,142% |
| Taxes | 450/3 | €2,877 | €35,737 | +€32,860 | +1,142% |
| Other amounts payable | 47/48 | €20,544 | €74,257 | +€53,713 | +261% |
| Accrued charges and deferred income | 492/3 | €48,000 | €75,000 | +€27,000 | +56.3% |
| Remuneration, social security and pensions | 62 | €304 | €1,921 | +€1,617 | +531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,146 | €21,146 | = | 0.0% |
| Other operating charges | 640/8 | €2,985 | €3,063 | +€78 | +2.6% |
| Non-recurring operating charges | 66A | €66 | €251 | +€184 | +278% |
| Gross operating margin | 9900 | €56,077 | €126,661 | +€70,584 | +126% |
| Operating profit (loss) | 9901 | €31,575 | €100,280 | +€68,705 | +218% |
| Financial income | 75/76B | €163 | €2,501 | +€2,339 | +1,439% |
| Recurring financial income | 75 | €163 | €2,501 | +€2,339 | +1,439% |
| Financial charges | 65/66B | €18,157 | €19,035 | +€877 | +4.8% |
| Recurring financial charges | 65 | €18,157 | €19,035 | +€877 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €13,580 | €83,747 | +€70,167 | +517% |
| Income taxes | 67/77 | - | €27,708 | +€27,708 | |
| Profit (loss) for the period | 9904 | €13,580 | €56,039 | +€42,459 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €13,580 | €56,039 | +€42,459 | +313% |
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 13 October 2026 via checked.be.