EMOTEC: 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.
What changed
EMOTEC
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.2m
2024 · €24,451-€2.2m
Equity
€783,933
2024 · €3.0m-€2.2m
Cash
€511,203
2024 · €721,523-€210,320
Balance sheet total
€6.8m
2024 · €9.4m-€2.6m
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-28.5%), from €6.3m to €4.5m
of which Trade receivables: -€1.8m
- Stocks and contracts -€675,819
down €675,819 (-37.5%), from €1.8m to €1.1m
of which Contracts in progress: -€715,854
- Cash -€210,320
down €210,320 (-29.1%), from €721,523 to €511,203
mainly Net result for the year (-€2.2m) and Other debts (-€1.9m)
- Tangible fixed assets +€105,757
up €105,757 (+27.8%), from €379,924 to €485,682
of which Furniture and vehicles: +€151,375
Equity and liabilities
- Profit (loss) carried forward -€2.2m
down €2.2m, from €2.1m to -€158,152
- Debts after one year +€2.1m
up €2.1m (+3734.5%), from €57,211 to €2.2m
- Other debts -€1.9m
down €1.9m (-92.2%), from €2.1m to €160,852
- Provisions -€609,254
down €609,254 (-61.8%), from €985,930 to €376,676
of which Provisions for liabilities and charges: -€612,299
Income statement
- Turnover -€2.4m
down €2.4m (-27.1%), from €8.9m to €6.5m
- Goods and materials -€926,783
down €926,783 (-15.3%), from €6.1m to €5.1m
of which Purchases: -€850,857
- Provisions -€570,383
down €570,383 (-1360.8%), from -€41,916 to -€612,299
- Staff costs +€266,059
up €266,059 (+19.5%), from €1.4m to €1.6m
- Services and other goods -€247,082
down €247,082 (-12.2%), from €2.0m to €1.8m
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.
Result 2024
€24,451
Turnover
-€2.4m
Other operating income
+€100,011
Goods and materials
+€926,783
Services and other goods
+€247,082
Staff costs
-€266,059
Depreciation
-€1,098
Write-downs
-€30,000
Provisions
+€570,383
Other operating charges
-€116,473
Other operating items
-€1.2m
Financial income
-€11,236
Financial charges
-€7,609
Taxes
+€15,312
Deferred taxes and other
-€3,485
Result 2025
-€2.2m
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.
From operations
-€2.1m
Investment
-€277,803
Financing
+€2.2m
Cash 2024
€721,523
From operations (derived)
-€2.1m
Net result for the year
-€2.2m
Depreciation
+€172,046
Stocks and contracts
+€675,819
Receivables within one year
+€1.8m
Deferred charges and accrued income
-€3,819
Provisions
-€609,254
Trade debts
+€27,701
Tax, wage and social debts
-€30,127
Other debts
-€1.9m
Investment (derived)
-€277,803
Investment in fixed assets (net)
-€277,803
Financing
+€2.2m
Debts after one year
+€2.1m
Current portion of long-term debt
+€15,695
Short-term financial debts
+€11
Cash 2025
€511,203
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,389,597 | €6,823,107 | -€2.6m | -27.3% |
| Fixed assets | 21/28 | €544,220 | €649,978 | +€105,757 | +19.4% |
| Tangible fixed assets | 22/27 | €379,924 | €485,682 | +€105,757 | +27.8% |
| Plant, machinery and equipment | 23 | €226,387 | €193,271 | -€33,116 | -14.6% |
| Furniture and vehicles | 24 | €96,361 | €247,736 | +€151,375 | +157.1% |
| Leasing and similar rights | 25 | €50,176 | €39,424 | -€10,752 | -21.4% |
| Other tangible fixed assets | 26 | €7,000 | €5,250 | -€1,750 | -25.0% |
| Financial fixed assets | 28 | €164,296 | €164,296 | = | 0.0% |
| Other financial fixed assets | 284/8 | €164,296 | €164,296 | = | 0.0% |
| Shares | 284 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €149,296 | €149,296 | = | 0.0% |
| Current assets | 29/58 | €8,845,376 | €6,173,129 | -€2.7m | -30.2% |
| Stocks and contracts in progress | 3 | €1,803,702 | €1,127,883 | -€675,819 | -37.5% |
| Stocks | 30/36 | €677,954 | €717,990 | +€40,036 | +5.9% |
| Raw materials and consumables | 30/31 | €677,954 | €717,990 | +€40,036 | +5.9% |
| Contracts in progress | 37 | €1,125,748 | €409,893 | -€715,854 | -63.6% |
| Amounts receivable within one year | 40/41 | €6,272,627 | €4,482,700 | -€1.8m | -28.5% |
| Trade receivables | 40 | €6,238,474 | €4,443,774 | -€1.8m | -28.8% |
| Other amounts receivable | 41 | €34,153 | €38,926 | +€4,773 | +14.0% |
| Cash at bank and in hand | 54/58 | €721,523 | €511,203 | -€210,320 | -29.1% |
| Deferred charges and accrued income | 490/1 | €47,524 | €51,344 | +€3,819 | +8.0% |
| Total equity and liabilities | 10/49 | €9,389,597 | €6,823,107 | -€2.6m | -27.3% |
| Equity | 10/15 | €2,992,465 | €783,933 | -€2.2m | -73.8% |
| Contributions | 10/11 | €780,000 | €780,000 | = | 0.0% |
| Capital | 10 | €780,000 | €780,000 | = | 0.0% |
| Issued capital | 100 | €780,000 | €780,000 | = | 0.0% |
| Reserves | 13 | €152,951 | €162,085 | +€9,133 | +6.0% |
| Non-distributable reserves | 130/1 | €78,000 | €78,000 | = | 0.0% |
| Legal reserve | 130 | €78,000 | €78,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,951 | €84,085 | +€9,133 | +12.2% |
| Profit (loss) carried forward | 14 | €2,059,514 | -€158,152 | -€2.2m | |
| Provisions and deferred taxes | 16 | €985,930 | €376,676 | -€609,254 | -61.8% |
| Provisions for liabilities and charges | 160/5 | €984,803 | €372,504 | -€612,299 | -62.2% |
| Other liabilities and charges | 164/5 | €984,803 | €372,504 | -€612,299 | -62.2% |
| Deferred taxes | 168 | €1,127 | €4,172 | +€3,044 | +270.1% |
| Amounts payable | 17/49 | €5,411,201 | €5,662,498 | +€251,297 | +4.6% |
| Amounts payable after more than one year | 17 | €57,211 | €2,193,748 | +€2.1m | +3734.5% |
| Financial debts | 170/4 | €57,211 | €2,193,748 | +€2.1m | +3734.5% |
| Leasing and similar obligations | 172 | €39,627 | €31,386 | -€8,241 | -20.8% |
| Credit institutions | 173 | €17,584 | €162,362 | +€144,778 | +823.4% |
| Other loans | 174 | - | €2,000,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €5,353,990 | €3,468,750 | -€1.9m | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €47,734 | €63,429 | +€15,695 | +32.9% |
| Financial debts | 43 | €4,340 | €4,351 | +€11 | +0.3% |
| Credit institutions | 430/8 | €4,340 | €4,351 | +€11 | +0.3% |
| Trade debts | 44 | €2,912,293 | €2,939,994 | +€27,701 | +1.0% |
| Suppliers | 440/4 | €2,912,293 | €2,939,994 | +€27,701 | +1.0% |
| Taxes, remuneration and social security | 45 | €330,251 | €300,125 | -€30,127 | -9.1% |
| Taxes | 450/3 | €86,209 | €54,530 | -€31,679 | -36.7% |
| Remuneration and social security | 454/9 | €244,043 | €245,594 | +€1,552 | +0.6% |
| Other amounts payable | 47/48 | €2,059,372 | €160,852 | -€1.9m | -92.2% |
| Operating income | 70/76A | €9,679,330 | €6,121,778 | -€3.6m | -36.8% |
| Turnover | 70 | €8,949,938 | €6,522,759 | -€2.4m | -27.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €577,496 | -€685,854 | -€1.3m | |
| Other operating income | 74 | €151,896 | €251,908 | +€100,011 | +65.8% |
| Non-recurring operating income | 76A | €0 | €32,966 | +€32,966 | |
| Operating charges | 60/66A | €9,651,073 | €8,319,487 | -€1.3m | -13.8% |
| Goods for resale, raw materials and consumables | 60 | €6,075,838 | €5,149,054 | -€926,783 | -15.3% |
| Purchases | 600/8 | €6,039,947 | €5,189,090 | -€850,857 | -14.1% |
| Change in stocks: decrease (increase) | 609 | €35,891 | -€40,036 | -€75,926 | |
| Services and other goods | 61 | €2,018,827 | €1,771,745 | -€247,082 | -12.2% |
| Remuneration, social security and pensions | 62 | €1,363,113 | €1,629,172 | +€266,059 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,949 | €172,046 | +€1,098 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €30,000 | +€30,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€41,916 | -€612,299 | -€570,383 | -1360.8% |
| Other operating charges | 640/8 | €63,296 | €179,768 | +€116,473 | +184.0% |
| Non-recurring operating charges | 66A | €967 | €0 | -€967 | -100.0% |
| Operating profit (loss) | 9901 | €28,258 | -€2,197,709 | -€2.2m | |
| Financial income | 75/76B | €29,358 | €18,123 | -€11,236 | -38.3% |
| Recurring financial income | 75 | €29,358 | €18,123 | -€11,236 | -38.3% |
| Income from current assets | 751 | €2,285 | €2,456 | +€170 | +7.4% |
| Other financial income | 752/9 | €27,073 | €15,667 | -€11,406 | -42.1% |
| Financial charges | 65/66B | €16,679 | €24,288 | +€7,609 | +45.6% |
| Recurring financial charges | 65 | €16,679 | €24,288 | +€7,609 | +45.6% |
| Debt charges | 650 | €7,364 | €16,961 | +€9,596 | +130.3% |
| Other financial charges | 652/9 | €9,315 | €7,327 | -€1,988 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €40,937 | -€2,203,874 | -€2.2m | |
| Transfer from deferred taxes | 780 | €441 | €956 | +€515 | +116.8% |
| Transfer to deferred taxes | 680 | €0 | €4,000 | +€4,000 | |
| Income taxes | 67/77 | €16,927 | €1,615 | -€15,312 | -90.5% |
| Taxes | 670/3 | €16,927 | €1,615 | -€15,312 | -90.5% |
| Profit (loss) for the period | 9904 | €24,451 | -€2,208,533 | -€2.2m | |
| Transfer from tax-exempt reserves | 789 | €1,322 | €2,867 | +€1,545 | +116.8% |
| Transfer to tax-exempt reserves | 689 | €71,570 | €12,000 | -€59,570 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,797 | -€2,217,666 | -€2.2m | -4742.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.