EMOBEL: 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.
EMOBEL
Largest movements
- Receivables within one year +€504,118
up €504,118 (+99.8%), from €505,173 to €1.0m
of which Other amounts receivable: +€253,618
- Tangible fixed assets -€173,430
down €173,430 (-4.6%), from €3.8m to €3.6m
of which Land and buildings: -€173,430
- Other debts +€221,109
up €221,109 (+22.7%), from €972,859 to €1.2m
- Reserves +€120,472
up €120,472 (+4.1%), from €2.9m to €3.1m
of which Distributable reserves: +€160,000
- Financial income -€1.3m
down €1.3m (-99.6%), from €1.3m to €5,623
of which Non-recurring financial income: -€1.3m
- Gross operating margin +€61,629
up €61,629 (+15.5%), from €398,888 to €460,517
- Financial charges -€49,230
down €49,230 (-32.7%), from €150,559 to €101,329
of which Non-recurring financial charges: -€34,126
- Taxes +€31,746
up €31,746 (+94.6%), from €33,542 to €65,287
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 | €5,840,622 | €6,174,142 | +€333,519 | +5.7% |
| Fixed assets | 21/28 | €5,303,045 | €5,129,285 | -€173,761 | -3.3% |
| Tangible fixed assets | 22/27 | €3,751,474 | €3,578,044 | -€173,430 | -4.6% |
| Land and buildings | 22 | €3,751,474 | €3,578,044 | -€173,430 | -4.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,551,572 | €1,551,241 | -€331 | 0.0% |
| Current assets | 29/58 | €537,577 | €1,044,857 | +€507,280 | +94.4% |
| Amounts receivable within one year | 40/41 | €505,173 | €1,009,290 | +€504,118 | +99.8% |
| Trade receivables | 40 | €53,959 | €304,458 | +€250,499 | +464.2% |
| Other amounts receivable | 41 | €451,214 | €704,832 | +€253,618 | +56.2% |
| Cash at bank and in hand | 54/58 | €31,296 | €34,440 | +€3,144 | +10.0% |
| Deferred charges and accrued income | 490/1 | €1,109 | €1,127 | +€18 | +1.6% |
| Total equity and liabilities | 10/49 | €5,840,622 | €6,174,142 | +€333,519 | +5.7% |
| Equity | 10/15 | €3,834,321 | €3,934,876 | +€100,555 | +2.6% |
| Contributions | 10/11 | €870,000 | €870,000 | = | 0.0% |
| Capital | 10 | €870,000 | €870,000 | = | 0.0% |
| Issued capital | 100 | €870,000 | €870,000 | = | 0.0% |
| Reserves | 13 | €2,940,897 | €3,061,369 | +€120,472 | +4.1% |
| Non-distributable reserves | 130/1 | €87,000 | €87,000 | = | 0.0% |
| Legal reserve | 130 | €87,000 | €87,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €778,897 | €739,369 | -€39,528 | -5.1% |
| Distributable reserves | 133 | €2,075,000 | €2,235,000 | +€160,000 | +7.7% |
| Profit (loss) carried forward | 14 | €23,424 | €3,507 | -€19,918 | -85.0% |
| Provisions and deferred taxes | 16 | €259,632 | €246,456 | -€13,176 | -5.1% |
| Deferred taxes | 168 | €259,632 | €246,456 | -€13,176 | -5.1% |
| Amounts payable | 17/49 | €1,746,669 | €1,992,809 | +€246,141 | +14.1% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €993,963 | €1,227,412 | +€233,449 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,988 | €6,894 | +€2,906 | +72.9% |
| Suppliers | 440/4 | €3,988 | €6,894 | +€2,906 | +72.9% |
| Taxes, remuneration and social security | 45 | €17,116 | €26,550 | +€9,434 | +55.1% |
| Taxes | 450/3 | €10,004 | €18,649 | +€8,645 | +86.4% |
| Remuneration and social security | 454/9 | €7,112 | €7,901 | +€789 | +11.1% |
| Other amounts payable | 47/48 | €972,859 | €1,193,968 | +€221,109 | +22.7% |
| Accrued charges and deferred income | 492/3 | €252,706 | €265,397 | +€12,692 | +5.0% |
| Remuneration, social security and pensions | 62 | €30,579 | €34,783 | +€4,204 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,601 | €173,430 | -€171 | -0.1% |
| Other operating charges | 640/8 | €7,214 | €3,933 | -€3,281 | -45.5% |
| Gross operating margin | 9900 | €398,888 | €460,517 | +€61,629 | +15.5% |
| Operating profit (loss) | 9901 | €187,494 | €248,372 | +€60,878 | +32.5% |
| Financial income | 75/76B | €1,278,865 | €5,623 | -€1.3m | -99.6% |
| Recurring financial income | 75 | €8,596 | €5,623 | -€2,972 | -34.6% |
| Non-recurring financial income | 76B | €1,270,269 | €0 | -€1.3m | -100.0% |
| Financial charges | 65/66B | €150,559 | €101,329 | -€49,230 | -32.7% |
| Recurring financial charges | 65 | €116,434 | €101,329 | -€15,105 | -13.0% |
| Non-recurring financial charges | 66B | €34,126 | €0 | -€34,126 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,315,799 | €152,666 | -€1.2m | -88.4% |
| Transfer from deferred taxes | 780 | €13,176 | €13,176 | = | 0.0% |
| Income taxes | 67/77 | €33,542 | €65,287 | +€31,746 | +94.6% |
| Profit (loss) for the period | 9904 | €1,295,434 | €100,555 | -€1.2m | -92.2% |
| Transfer from tax-exempt reserves | 789 | €39,528 | €39,528 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €818,425 | €0 | -€818,425 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €516,537 | €140,082 | -€376,454 | -72.9% |
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 1 October 2026 via checked.be.