EMMCO: 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.
EMMCO
Largest movements
- Cash +€26,444
up €26,444 (+68.2%), from €38,793 to €65,237
mainly Net result for the year (+€24,956) and Depreciation (+€11,531)
- Tangible fixed assets -€11,531
down €11,531 (-29.6%), from €38,921 to €27,390
- Receivables within one year -€2,420
down €2,420 (-16.7%), from €14,520 to €12,100
- Profit (loss) carried forward +€24,956
up €24,956 (+74.2%), from €33,641 to €58,598
- Debts after one year -€23,044
no longer reported in 2025 (was €23,044)
- Current portion of long-term debt +€9,880
up €9,880 (+75.0%), from €13,164 to €23,044
- Gross operating margin -€6,599
down €6,599 (-12.8%), from €51,671 to €45,072
- Taxes -€1,310
down €1,310 (-17.2%), from €7,622 to €6,313
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 | €92,794 | €105,294 | +€12,499 | +13.5% |
| Fixed assets | 21/28 | €38,921 | €27,390 | -€11,531 | -29.6% |
| Tangible fixed assets | 22/27 | €38,921 | €27,390 | -€11,531 | -29.6% |
| Leasing and similar rights | 25 | €38,921 | €27,390 | -€11,531 | -29.6% |
| Current assets | 29/58 | €53,873 | €77,904 | +€24,030 | +44.6% |
| Amounts receivable within one year | 40/41 | €14,520 | €12,100 | -€2,420 | -16.7% |
| Trade receivables | 40 | €14,520 | €12,100 | -€2,420 | -16.7% |
| Cash at bank and in hand | 54/58 | €38,793 | €65,237 | +€26,444 | +68.2% |
| Deferred charges and accrued income | 490/1 | €560 | €566 | +€6 | +1.2% |
| Total equity and liabilities | 10/49 | €92,794 | €105,294 | +€12,499 | +13.5% |
| Equity | 10/15 | €35,641 | €60,598 | +€24,956 | +70.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,641 | €58,598 | +€24,956 | +74.2% |
| Amounts payable | 17/49 | €57,153 | €44,696 | -€12,457 | -21.8% |
| Amounts payable after more than one year | 17 | €23,044 | - | -€23,044 | |
| Financial debts | 170/4 | €23,044 | - | -€23,044 | |
| Amounts payable within one year | 42/48 | €34,109 | €44,696 | +€10,587 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €13,164 | €23,044 | +€9,880 | +75.0% |
| Trade debts | 44 | €938 | €990 | +€53 | +5.6% |
| Suppliers | 440/4 | €938 | €990 | +€53 | +5.6% |
| Taxes, remuneration and social security | 45 | €19,758 | €20,388 | +€630 | +3.2% |
| Taxes | 450/3 | €16,508 | €17,138 | +€630 | +3.8% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €250 | €274 | +€24 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,531 | €11,531 | = | 0.0% |
| Other operating charges | 640/8 | €1,434 | €1,541 | +€107 | +7.5% |
| Gross operating margin | 9900 | €51,671 | €45,072 | -€6,599 | -12.8% |
| Operating profit (loss) | 9901 | €38,706 | €32,000 | -€6,705 | -17.3% |
| Financial charges | 65/66B | €853 | €731 | -€122 | -14.3% |
| Recurring financial charges | 65 | €853 | €731 | -€122 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €37,852 | €31,269 | -€6,583 | -17.4% |
| Income taxes | 67/77 | €7,622 | €6,313 | -€1,310 | -17.2% |
| Profit (loss) for the period | 9904 | €30,230 | €24,956 | -€5,273 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,230 | €24,956 | -€5,273 | -17.4% |
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 5 October 2026 via checked.be.