EMMALIS: what changed
Two fiscal 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.
EMMALIS
Largest movements
- Stocks and contracts +€15,140
up €15,140 (+47.0%), from €32,186 to €47,326
- Tangible fixed assets -€13,722
down €13,722 (-7.7%), from €178,935 to €165,213
of which Furniture and vehicles: -€7,404
- Receivables within one year -€12,194
down €12,194 (-13.5%), from €90,462 to €78,268
of which Trade receivables: -€21,429
- Debts after one year -€31,757
down €31,757 (-44.2%), from €71,841 to €40,084
- Reserves +€8,660
up €8,660 (+8.0%), from €108,065 to €116,724
- Tax, wage and social debts +€7,273
up €7,273 (+15.0%), from €48,362 to €55,635
of which Remuneration and social security: +€6,419
- Trade debts +€5,167
up €5,167 (+9.7%), from €53,480 to €58,647
- Short-term financial debts -€4,984
down €4,984 (-49.9%), from €9,984 to €5,000
- Staff costs +€57,562
up €57,562 (+15.5%), from €370,327 to €427,889
- Gross operating margin +€16,238
up €16,238 (+3.5%), from €465,337 to €481,575
- Taxes -€10,004
down €10,004 (-68.0%), from €14,720 to €4,717
- Depreciation -€5,042
down €5,042 (-12.6%), from €39,881 to €34,838
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 | €325,039 | €313,847 | -€11,192 | -3.4% |
| Fixed assets | 21/28 | €184,725 | €169,753 | -€14,972 | -8.1% |
| Intangible fixed assets | 21 | €5,790 | €4,540 | -€1,250 | -21.6% |
| Tangible fixed assets | 22/27 | €178,935 | €165,213 | -€13,722 | -7.7% |
| Plant, machinery and equipment | 23 | €112,831 | €105,589 | -€7,242 | -6.4% |
| Furniture and vehicles | 24 | €18,866 | €11,462 | -€7,404 | -39.2% |
| Other tangible fixed assets | 26 | €47,238 | €48,161 | +€924 | +2.0% |
| Current assets | 29/58 | €140,314 | €144,095 | +€3,780 | +2.7% |
| Stocks and contracts in progress | 3 | €32,186 | €47,326 | +€15,140 | +47.0% |
| Stocks | 30/36 | €32,186 | €47,326 | +€15,140 | +47.0% |
| Amounts receivable within one year | 40/41 | €90,462 | €78,268 | -€12,194 | -13.5% |
| Trade receivables | 40 | €54,261 | €32,832 | -€21,429 | -39.5% |
| Other amounts receivable | 41 | €36,200 | €45,435 | +€9,235 | +25.5% |
| Cash at bank and in hand | 54/58 | €15,342 | €16,877 | +€1,535 | +10.0% |
| Deferred charges and accrued income | 490/1 | €2,325 | €1,624 | -€701 | -30.1% |
| Total equity and liabilities | 10/49 | €325,039 | €313,847 | -€11,192 | -3.4% |
| Equity | 10/15 | €118,065 | €126,724 | +€8,660 | +7.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €108,065 | €116,724 | +€8,660 | +8.0% |
| Distributable reserves | 133 | €108,065 | €116,724 | +€8,660 | +8.0% |
| Amounts payable | 17/49 | €206,974 | €187,123 | -€19,851 | -9.6% |
| Amounts payable after more than one year | 17 | €71,841 | €40,084 | -€31,757 | -44.2% |
| Financial debts | 170/4 | €71,841 | €40,084 | -€31,757 | -44.2% |
| Amounts payable within one year | 42/48 | €135,133 | €147,039 | +€11,906 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €23,307 | €27,757 | +€4,450 | +19.1% |
| Financial debts | 43 | €9,984 | €5,000 | -€4,984 | -49.9% |
| Credit institutions | 430/8 | €9,984 | €5,000 | -€4,984 | -49.9% |
| Trade debts | 44 | €53,480 | €58,647 | +€5,167 | +9.7% |
| Suppliers | 440/4 | €53,480 | €58,647 | +€5,167 | +9.7% |
| Taxes, remuneration and social security | 45 | €48,362 | €55,635 | +€7,273 | +15.0% |
| Taxes | 450/3 | €4,826 | €5,680 | +€854 | +17.7% |
| Remuneration and social security | 454/9 | €43,535 | €49,954 | +€6,419 | +14.7% |
| Remuneration, social security and pensions | 62 | €370,327 | €427,889 | +€57,562 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,881 | €34,838 | -€5,042 | -12.6% |
| Other operating charges | 640/8 | €645 | €1,739 | +€1,095 | +169.7% |
| Gross operating margin | 9900 | €465,337 | €481,575 | +€16,238 | +3.5% |
| Operating profit (loss) | 9901 | €54,485 | €17,109 | -€37,376 | -68.6% |
| Financial income | 75/76B | €147 | €837 | +€690 | +469.6% |
| Recurring financial income | 75 | €147 | €837 | +€690 | +469.6% |
| Financial charges | 65/66B | €4,604 | €4,570 | -€34 | -0.7% |
| Recurring financial charges | 65 | €4,604 | €2,889 | -€1,715 | -37.3% |
| Non-recurring financial charges | 66B | - | €1,681 | +€1,681 | |
| Profit (loss) for the period before taxes | 9903 | €50,028 | €13,376 | -€36,652 | -73.3% |
| Income taxes | 67/77 | €14,720 | €4,717 | -€10,004 | -68.0% |
| Profit (loss) for the period | 9904 | €35,307 | €8,660 | -€26,648 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,307 | €8,660 | -€26,648 | -75.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.