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 -€31,967
down €31,967 (-28.9%), from €110,704 to €78,737
of which Leasing and similar rights: -€27,000
- Receivables within one year -€4,900
down €4,900 (-50.2%), from €9,758 to €4,858
- Cash +€4,552
up €4,552 (+11.6%), from €39,367 to €43,919
mainly Depreciation (+€31,967) and Other debts (+€25,585)
- Debts after one year -€27,208
down €27,208 (-40.3%), from €67,437 to €40,229
- Other debts +€25,585
up €25,585 (+8,786%), from €291 to €25,876
- Profit (loss) carried forward -€23,210
down €23,210 (-47.5%), from €48,852 to €25,642
- Trade debts -€6,157
down €6,157 (-49.1%), from €12,535 to €6,378
- Other operating charges +€7,370
up €7,370 (+22.1%), from €33,422 to €40,792
- Gross operating margin +€5,657
up €5,657 (+4.1%), from €139,334 to €144,991
- Depreciation -€4,397
down €4,397 (-12.1%), from €36,364 to €31,967
- Financial charges +€3,017
up €3,017 (+47.6%), from €6,334 to €9,352
- Staff costs +€1,687
up €1,687 (+2.9%), from €58,143 to €59,830
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 | €181,559 | €150,584 | -€30,974 | -17.1% |
| Fixed assets | 21/28 | €110,704 | €78,737 | -€31,967 | -28.9% |
| Tangible fixed assets | 22/27 | €110,704 | €78,737 | -€31,967 | -28.9% |
| Furniture and vehicles | 24 | €7,172 | €3,857 | -€3,316 | -46.2% |
| Leasing and similar rights | 25 | €88,101 | €61,101 | -€27,000 | -30.6% |
| Other tangible fixed assets | 26 | €15,430 | €13,779 | -€1,652 | -10.7% |
| Current assets | 29/58 | €70,855 | €71,848 | +€993 | +1.4% |
| Amounts receivable within one year | 40/41 | €9,758 | €4,858 | -€4,900 | -50.2% |
| Other amounts receivable | 41 | €9,758 | €4,858 | -€4,900 | -50.2% |
| Cash at bank and in hand | 54/58 | €39,367 | €43,919 | +€4,552 | +11.6% |
| Deferred charges and accrued income | 490/1 | €21,730 | €23,071 | +€1,341 | +6.2% |
| Total equity and liabilities | 10/49 | €181,559 | €150,584 | -€30,974 | -17.1% |
| Equity | 10/15 | €51,852 | €28,642 | -€23,210 | -44.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,852 | €25,642 | -€23,210 | -47.5% |
| Amounts payable | 17/49 | €129,707 | €121,942 | -€7,764 | -6.0% |
| Amounts payable after more than one year | 17 | €67,437 | €40,229 | -€27,208 | -40.3% |
| Financial debts | 170/4 | €67,437 | €40,229 | -€27,208 | -40.3% |
| Amounts payable within one year | 42/48 | €62,270 | €81,714 | +€19,444 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €25,756 | €27,208 | +€1,453 | +5.6% |
| Trade debts | 44 | €12,535 | €6,378 | -€6,157 | -49.1% |
| Suppliers | 440/4 | €12,535 | €6,378 | -€6,157 | -49.1% |
| Taxes, remuneration and social security | 45 | €23,688 | €22,251 | -€1,437 | -6.1% |
| Taxes | 450/3 | €12,428 | €10,716 | -€1,711 | -13.8% |
| Remuneration and social security | 454/9 | €11,260 | €11,535 | +€275 | +2.4% |
| Other amounts payable | 47/48 | €291 | €25,876 | +€25,585 | +8,786% |
| Remuneration, social security and pensions | 62 | €58,143 | €59,830 | +€1,687 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,364 | €31,967 | -€4,397 | -12.1% |
| Other operating charges | 640/8 | €33,422 | €40,792 | +€7,370 | +22.1% |
| Gross operating margin | 9900 | €139,334 | €144,991 | +€5,657 | +4.1% |
| Operating profit (loss) | 9901 | €11,405 | €12,402 | +€997 | +8.7% |
| Financial charges | 65/66B | €6,334 | €9,352 | +€3,017 | +47.6% |
| Recurring financial charges | 65 | €6,334 | €9,352 | +€3,017 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €5,071 | €3,050 | -€2,021 | -39.9% |
| Income taxes | 67/77 | €1,142 | €1,260 | +€118 | +10.3% |
| Profit (loss) for the period | 9904 | €3,929 | €1,790 | -€2,139 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,929 | €1,790 | -€2,139 | -54.4% |
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.