EMOEX: 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.
EMOEX
Largest movements
- Tangible fixed assets +€13,668
up €13,668 (+333.7%), from €4,096 to €17,765
of which Furniture and vehicles: +€12,810
- Receivables within one year -€3,555
down €3,555 (-69.0%), from €5,152 to €1,597
of which Other amounts receivable: -€3,902
- Cash -€2,273
down €2,273 (-24.4%), from €9,311 to €7,038
mainly Investment in fixed assets (net) (-€14,750)
- Profit (loss) carried forward +€6,193
up €6,193, from -€2,315 to €3,878
- Trade debts +€724
up €724 (+113.0%), from €640 to €1,364
- Other debts +€600
new in 2025: €600
- Tax, wage and social debts +€324
up €324 (+19.8%), from €1,634 to €1,958
of which Taxes: +€353
- Depreciation -€8,885
down €8,885 (-89.1%), from €9,967 to €1,082
- Gross operating margin -€6,451
down €6,451 (-34.0%), from €18,995 to €12,544
- Staff costs -€2,410
no longer reported in 2025 (was €2,410)
- Taxes -€2,105
no longer reported in 2025 (was €2,105)
- Other operating charges +€553
up €553 (+51.1%), from €1,083 to €1,636
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 | €18,559 | €26,399 | +€7,840 | +42.2% |
| Fixed assets | 21/28 | €4,096 | €17,765 | +€13,668 | +333.7% |
| Tangible fixed assets | 22/27 | €4,096 | €17,765 | +€13,668 | +333.7% |
| Plant, machinery and equipment | 23 | - | €858 | +€858 | |
| Furniture and vehicles | 24 | €4,096 | €16,907 | +€12,810 | +312.7% |
| Current assets | 29/58 | €14,463 | €8,635 | -€5,828 | -40.3% |
| Amounts receivable within one year | 40/41 | €5,152 | €1,597 | -€3,555 | -69.0% |
| Trade receivables | 40 | €1,250 | €1,597 | +€347 | +27.8% |
| Other amounts receivable | 41 | €3,902 | - | -€3,902 | |
| Cash at bank and in hand | 54/58 | €9,311 | €7,038 | -€2,273 | -24.4% |
| Total equity and liabilities | 10/49 | €18,559 | €26,399 | +€7,840 | +42.2% |
| Equity | 10/15 | €16,285 | €22,478 | +€6,193 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,315 | €3,878 | +€6,193 | |
| Amounts payable | 17/49 | €2,275 | €3,922 | +€1,647 | +72.4% |
| Amounts payable within one year | 42/48 | €2,275 | €3,922 | +€1,647 | +72.4% |
| Trade debts | 44 | €640 | €1,364 | +€724 | +113.0% |
| Suppliers | 440/4 | €640 | €1,364 | +€724 | +113.0% |
| Taxes, remuneration and social security | 45 | €1,634 | €1,958 | +€324 | +19.8% |
| Taxes | 450/3 | €259 | €612 | +€353 | +136.1% |
| Remuneration and social security | 454/9 | €1,375 | €1,346 | -€29 | -2.1% |
| Other amounts payable | 47/48 | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €2,410 | - | -€2,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,967 | €1,082 | -€8,885 | -89.1% |
| Other operating charges | 640/8 | €1,083 | €1,636 | +€553 | +51.1% |
| Non-recurring operating charges | 66A | €801 | €3,416 | +€2,615 | +326.7% |
| Gross operating margin | 9900 | €18,995 | €12,544 | -€6,451 | -34.0% |
| Operating profit (loss) | 9901 | €4,735 | €6,411 | +€1,676 | +35.4% |
| Financial charges | 65/66B | €210 | €218 | +€8 | +3.6% |
| Recurring financial charges | 65 | €210 | €218 | +€8 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €4,524 | €6,193 | +€1,668 | +36.9% |
| Income taxes | 67/77 | €2,105 | - | -€2,105 | |
| Profit (loss) for the period | 9904 | €2,419 | €6,193 | +€3,774 | +156.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,419 | €6,193 | +€3,774 | +156.0% |
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.