EMLO: 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.
EMLO
Largest movements
- Tangible fixed assets -€69,449
down €69,449 (-4.2%), from €1.7m to €1.6m
of which Land and buildings: -€66,441
- Cash +€47,889
up €47,889 (+502%), from €9,539 to €57,428
mainly Depreciation (+€74,656) and Net result for the year (+€34,191)
- Debts after one year -€103,108
down €103,108 (-14.0%), from €736,010 to €632,902
- Reserves +€34,191
up €34,191 (+13.4%), from €255,163 to €289,354
- Other debts +€27,518
up €27,518 (+20.1%), from €136,705 to €164,223
- Gross operating margin +€28,439
up €28,439 (+26.9%), from €105,716 to €134,155
- Financial charges -€1,560
down €1,560 (-8.5%), from €18,457 to €16,897
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 | €2,254,061 | €2,228,312 | -€25,749 | -1.1% |
| Fixed assets | 21/28 | €2,068,448 | €1,993,999 | -€74,449 | -3.6% |
| Tangible fixed assets | 22/27 | €1,650,322 | €1,580,873 | -€69,449 | -4.2% |
| Land and buildings | 22 | €1,634,653 | €1,568,212 | -€66,441 | -4.1% |
| Plant, machinery and equipment | 23 | €5,216 | €3,052 | -€2,164 | -41.5% |
| Furniture and vehicles | 24 | €779 | €454 | -€325 | -41.7% |
| Other tangible fixed assets | 26 | €9,675 | €9,156 | -€519 | -5.4% |
| Financial fixed assets | 28 | €418,125 | €413,125 | -€5,000 | -1.2% |
| Current assets | 29/58 | €185,613 | €234,314 | +€48,701 | +26.2% |
| Amounts receivable within one year | 40/41 | €175,110 | €175,941 | +€831 | +0.5% |
| Trade receivables | 40 | €51,439 | €52,331 | +€892 | +1.7% |
| Other amounts receivable | 41 | €123,671 | €123,610 | -€61 | 0.0% |
| Cash at bank and in hand | 54/58 | €9,539 | €57,428 | +€47,889 | +502% |
| Deferred charges and accrued income | 490/1 | €964 | €945 | -€19 | -2.0% |
| Total equity and liabilities | 10/49 | €2,254,061 | €2,228,312 | -€25,749 | -1.1% |
| Equity | 10/15 | €1,255,163 | €1,289,354 | +€34,191 | +2.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €255,163 | €289,354 | +€34,191 | +13.4% |
| Distributable reserves | 133 | €255,163 | €289,354 | +€34,191 | +13.4% |
| Amounts payable | 17/49 | €998,899 | €938,959 | -€59,940 | -6.0% |
| Amounts payable after more than one year | 17 | €736,010 | €632,902 | -€103,108 | -14.0% |
| Financial debts | 170/4 | €736,010 | €632,902 | -€103,108 | -14.0% |
| Amounts payable within one year | 42/48 | €262,888 | €306,057 | +€43,168 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €104,421 | €103,108 | -€1,313 | -1.3% |
| Trade debts | 44 | €0 | €4,098 | +€4,098 | |
| Suppliers | 440/4 | €0 | €4,098 | +€4,098 | |
| Advances received on contracts in progress | 46 | €12,705 | €26,227 | +€13,522 | +106% |
| Taxes, remuneration and social security | 45 | €9,057 | €8,400 | -€657 | -7.2% |
| Taxes | 450/3 | €5,826 | €5,152 | -€675 | -11.6% |
| Remuneration and social security | 454/9 | €3,231 | €3,249 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €136,705 | €164,223 | +€27,518 | +20.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,476 | €74,656 | +€180 | +0.2% |
| Other operating charges | 640/8 | €12,134 | €13,453 | +€1,319 | +10.9% |
| Gross operating margin | 9900 | €105,716 | €134,155 | +€28,439 | +26.9% |
| Operating profit (loss) | 9901 | €19,106 | €46,046 | +€26,940 | +141% |
| Financial income | 75/76B | €4,566 | €5,043 | +€477 | +10.4% |
| Recurring financial income | 75 | €4,566 | €5,043 | +€477 | +10.4% |
| Financial charges | 65/66B | €18,457 | €16,897 | -€1,560 | -8.5% |
| Recurring financial charges | 65 | €18,457 | €16,897 | -€1,560 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €5,215 | €34,191 | +€28,977 | +556% |
| Profit (loss) for the period | 9904 | €5,215 | €34,191 | +€28,977 | +556% |
| Profit (loss) for the period to be appropriated | 9905 | €5,215 | €34,191 | +€28,977 | +556% |
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.