EMP: 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.
EMP
Largest movements
- Cash +€8,198
up €8,198 (+157.7%), from €5,200 to €13,398
mainly Other debts (+€5,819) and Depreciation (+€4,728)
- Stocks and contracts +€5,190
up €5,190 (+12.8%), from €40,550 to €45,740
- Tangible fixed assets -€4,728
down €4,728 (-100.0%), from €4,728 to €0
of which Furniture and vehicles: -€4,728
- Receivables within one year -€3,358
down €3,358 (-49.6%), from €6,772 to €3,414
of which Trade receivables: -€3,651
- Other debts +€5,819
up €5,819 (+31.3%), from €18,602 to €24,422
- Trade debts -€754
down €754 (-71.4%), from €1,055 to €301
- Financial charges +€1,951
up €1,951 (+1357.5%), from €144 to €2,095
- Taxes -€1,083
down €1,083 (-26.5%), from €4,083 to €3,001
- Depreciation -€853
down €853 (-15.3%), from €5,580 to €4,728
- Gross operating margin +€310
up €310 (+2.6%), from €12,113 to €12,423
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 | €57,249 | €62,552 | +€5,303 | +9.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,728 | €0 | -€4,728 | -100.0% |
| Tangible fixed assets | 22/27 | €4,728 | €0 | -€4,728 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,728 | €0 | -€4,728 | -100.0% |
| Current assets | 29/58 | €52,522 | €62,552 | +€10,030 | +19.1% |
| Stocks and contracts in progress | 3 | €40,550 | €45,740 | +€5,190 | +12.8% |
| Stocks | 30/36 | €40,550 | €45,740 | +€5,190 | +12.8% |
| Amounts receivable within one year | 40/41 | €6,772 | €3,414 | -€3,358 | -49.6% |
| Trade receivables | 40 | €6,675 | €3,024 | -€3,651 | -54.7% |
| Other amounts receivable | 41 | €97 | €390 | +€293 | +302.1% |
| Cash at bank and in hand | 54/58 | €5,200 | €13,398 | +€8,198 | +157.7% |
| Total equity and liabilities | 10/49 | €57,249 | €62,552 | +€5,303 | +9.3% |
| Equity | 10/15 | €33,137 | €32,940 | -€197 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,677 | €12,480 | -€197 | -1.6% |
| Amounts payable | 17/49 | €24,112 | €29,612 | +€5,500 | +22.8% |
| Amounts payable within one year | 42/48 | €21,112 | €26,612 | +€5,500 | +26.0% |
| Trade debts | 44 | €1,055 | €301 | -€754 | -71.4% |
| Suppliers | 440/4 | €1,055 | €301 | -€754 | -71.4% |
| Taxes, remuneration and social security | 45 | €1,455 | €1,889 | +€434 | +29.9% |
| Taxes | 450/3 | €1,455 | €1,889 | +€434 | +29.9% |
| Other amounts payable | 47/48 | €18,602 | €24,422 | +€5,819 | +31.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,580 | €4,728 | -€853 | -15.3% |
| Other operating charges | 640/8 | €1,096 | €1,131 | +€34 | +3.1% |
| Gross operating margin | 9900 | €12,113 | €12,423 | +€310 | +2.6% |
| Operating profit (loss) | 9901 | €5,436 | €6,565 | +€1,128 | +20.8% |
| Financial charges | 65/66B | €144 | €2,095 | +€1,951 | +1357.5% |
| Recurring financial charges | 65 | €144 | €2,095 | +€1,951 | +1357.5% |
| Profit (loss) for the period before taxes | 9903 | €5,293 | €4,470 | -€823 | -15.5% |
| Income taxes | 67/77 | €4,083 | €3,001 | -€1,083 | -26.5% |
| Profit (loss) for the period | 9904 | €1,209 | €1,469 | +€260 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,209 | €1,469 | +€260 | +21.5% |
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 29 September 2026 via checked.be.