EMSEYAL: what changed
Two financial 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.
EMSEYAL
Largest movements
- Receivables within one year -€42,345
down €42,345 (-38.5%), from €109,879 to €67,534
of which Trade receivables: -€27,375
- Tangible fixed assets -€41,395
down €41,395 (-65.8%), from €62,935 to €21,540
of which Furniture and vehicles: -€44,454
- Cash -€8,130
down €8,130 (-56.2%), from €14,469 to €6,339
mainly Accrued charges and deferred income (-€70,840) and Net result for the year (-€15,299)
- Accrued charges and deferred income -€70,840
no longer reported in 2025 (was €70,840)
- Profit (loss) carried forward -€15,299
down €15,299 (-25.2%), from €60,628 to €45,330
- Trade debts -€9,798
down €9,798 (-31.0%), from €31,568 to €21,770
- Tax, wage and social debts +€2,087
up €2,087 (+19.4%), from €10,778 to €12,865
of which Taxes: +€2,334
- Advances received +€1,979
up €1,979 (+19.9%), from €9,968 to €11,947
- Gross operating margin -€45,539
down €45,539 (-55.3%), from €82,279 to €36,740
- Taxes -€14,009
down €14,009 (-84.2%), from €16,644 to €2,636
- Other operating charges +€3,252
up €3,252 (+403%), from €807 to €4,058
- Financial charges -€1,700
down €1,700 (-48.4%), from €3,510 to €1,810
- Depreciation -€1,298
down €1,298 (-15.7%), from €8,276 to €6,978
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.
Derived cash bridge
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 | €187,282 | €95,413 | -€91,870 | -49.1% |
| Fixed assets | 21/28 | €62,935 | €21,540 | -€41,395 | -65.8% |
| Tangible fixed assets | 22/27 | €62,935 | €21,540 | -€41,395 | -65.8% |
| Plant, machinery and equipment | 23 | €1,567 | €4,626 | +€3,059 | +195% |
| Furniture and vehicles | 24 | €61,367 | €16,913 | -€44,454 | -72.4% |
| Current assets | 29/58 | €124,348 | €73,873 | -€50,475 | -40.6% |
| Amounts receivable within one year | 40/41 | €109,879 | €67,534 | -€42,345 | -38.5% |
| Trade receivables | 40 | €64,042 | €36,667 | -€27,375 | -42.7% |
| Other amounts receivable | 41 | €45,837 | €30,867 | -€14,970 | -32.7% |
| Cash at bank and in hand | 54/58 | €14,469 | €6,339 | -€8,130 | -56.2% |
| Total equity and liabilities | 10/49 | €187,282 | €95,413 | -€91,870 | -49.1% |
| Equity | 10/15 | €64,128 | €48,830 | -€15,299 | -23.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,628 | €45,330 | -€15,299 | -25.2% |
| Amounts payable | 17/49 | €123,154 | €46,583 | -€76,571 | -62.2% |
| Amounts payable within one year | 42/48 | €52,314 | €46,583 | -€5,731 | -11.0% |
| Trade debts | 44 | €31,568 | €21,770 | -€9,798 | -31.0% |
| Suppliers | 440/4 | €31,568 | €21,770 | -€9,798 | -31.0% |
| Advances received on contracts in progress | 46 | €9,968 | €11,947 | +€1,979 | +19.9% |
| Taxes, remuneration and social security | 45 | €10,778 | €12,865 | +€2,087 | +19.4% |
| Taxes | 450/3 | €10,531 | €12,865 | +€2,334 | +22.2% |
| Remuneration and social security | 454/9 | €247 | - | -€247 | |
| Accrued charges and deferred income | 492/3 | €70,840 | - | -€70,840 | |
| Remuneration, social security and pensions | 62 | - | €210 | +€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,276 | €6,978 | -€1,298 | -15.7% |
| Other operating charges | 640/8 | €807 | €4,058 | +€3,252 | +403% |
| Non-recurring operating charges | 66A | - | €38,255 | +€38,255 | |
| Gross operating margin | 9900 | €82,279 | €36,740 | -€45,539 | -55.3% |
| Operating profit (loss) | 9901 | €73,196 | -€12,762 | -€85,957 | |
| Financial income | 75/76B | €1,162 | €1,909 | +€747 | +64.3% |
| Recurring financial income | 75 | €1,162 | €1,909 | +€747 | +64.3% |
| Financial charges | 65/66B | €3,510 | €1,810 | -€1,700 | -48.4% |
| Recurring financial charges | 65 | €3,510 | €1,810 | -€1,700 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €70,848 | -€12,663 | -€83,511 | |
| Income taxes | 67/77 | €16,644 | €2,636 | -€14,009 | -84.2% |
| Profit (loss) for the period | 9904 | €54,204 | -€15,299 | -€69,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,204 | -€15,299 | -€69,502 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.