EMLIBA: 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.
EMLIBA
Largest movements
- Cash +€48,288
up €48,288 (+236.5%), from €20,420 to €68,708
mainly Net result for the year (+€93,872) and Current investments (+€25,000)
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Reserves +€20,256
up €20,256 (+5.0%), from €405,063 to €425,319
- Financial income -€18,936
down €18,936 (-11.1%), from €170,000 to €151,064
- Gross operating margin +€15,428
up €15,428 (+26.7%), from -€57,778 to -€42,349
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 | €428,785 | €454,311 | +€25,526 | +6.0% |
| Fixed assets | 21/28 | €200,357 | €199,187 | -€1,170 | -0.6% |
| Tangible fixed assets | 22/27 | €7,975 | €6,805 | -€1,170 | -14.7% |
| Land and buildings | 22 | €3,029 | €2,019 | -€1,010 | -33.3% |
| Furniture and vehicles | 24 | €4,622 | €4,616 | -€6 | -0.1% |
| Other tangible fixed assets | 26 | €324 | €170 | -€155 | -47.7% |
| Financial fixed assets | 28 | €192,382 | €192,382 | = | 0.0% |
| Current assets | 29/58 | €228,428 | €255,124 | +€26,696 | +11.7% |
| Amounts receivable within one year | 40/41 | €183,008 | €186,416 | +€3,408 | +1.9% |
| Trade receivables | 40 | - | €10,500 | +€10,500 | |
| Other amounts receivable | 41 | €183,008 | €175,916 | -€7,092 | -3.9% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €20,420 | €68,708 | +€48,288 | +236.5% |
| Total equity and liabilities | 10/49 | €428,785 | €454,311 | +€25,526 | +6.0% |
| Equity | 10/15 | €423,663 | €443,919 | +€20,256 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €405,063 | €425,319 | +€20,256 | +5.0% |
| Distributable reserves | 133 | €405,063 | €425,319 | +€20,256 | +5.0% |
| Amounts payable | 17/49 | €5,122 | €10,393 | +€5,271 | +102.9% |
| Amounts payable within one year | 42/48 | €5,122 | €10,393 | +€5,271 | +102.9% |
| Trade debts | 44 | €1,833 | €3,842 | +€2,008 | +109.6% |
| Suppliers | 440/4 | €1,833 | €3,842 | +€2,008 | +109.6% |
| Taxes, remuneration and social security | 45 | €3,289 | €6,551 | +€3,262 | +99.2% |
| Taxes | 450/3 | €3,289 | €4,551 | +€1,262 | +38.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,147 | €3,408 | +€261 | +8.3% |
| Other operating charges | 640/8 | €611 | €864 | +€252 | +41.2% |
| Gross operating margin | 9900 | -€57,778 | -€42,349 | +€15,428 | +26.7% |
| Operating profit (loss) | 9901 | -€61,537 | -€46,621 | +€14,916 | +24.2% |
| Financial income | 75/76B | €170,000 | €151,064 | -€18,936 | -11.1% |
| Recurring financial income | 75 | €170,000 | €151,064 | -€18,936 | -11.1% |
| Financial charges | 65/66B | €1,205 | €1,019 | -€186 | -15.4% |
| Recurring financial charges | 65 | €1,205 | €1,019 | -€186 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €107,258 | €103,424 | -€3,834 | -3.6% |
| Income taxes | 67/77 | €9,867 | €9,552 | -€315 | -3.2% |
| Profit (loss) for the period | 9904 | €97,391 | €93,872 | -€3,519 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,391 | €93,872 | -€3,519 | -3.6% |
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 9 October 2026 via checked.be.