EMSL IMMO: 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.
EMSL IMMO
Largest movements
- Tangible fixed assets -€15,315
down €15,315 (-5.7%), from €267,496 to €252,181
of which Land and buildings: -€14,368
- Profit (loss) carried forward -€22,001
down €22,001 (-44.9%), from -€49,038 to -€71,038
- Other debts +€18,383
up €18,383 (+54.5%), from €33,759 to €52,142
- Debts after one year -€11,392
down €11,392 (-5.1%), from €225,085 to €213,693
- Gross operating margin -€25,357
down €25,357 (-98.5%), from €25,736 to €380
- Other operating charges -€18,483
no longer reported in 2024 (was €18,483)
- Financial charges -€509
down €509 (-6.7%), from €7,575 to €7,065
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,996 | €260,681 | -€15,315 | -5.5% |
| Fixed assets | 21/28 | €267,496 | €252,181 | -€15,315 | -5.7% |
| Tangible fixed assets | 22/27 | €267,496 | €252,181 | -€15,315 | -5.7% |
| Land and buildings | 22 | €263,179 | €248,812 | -€14,368 | -5.5% |
| Plant, machinery and equipment | 23 | €2,524 | €2,260 | -€264 | -10.5% |
| Furniture and vehicles | 24 | €1,792 | €1,109 | -€683 | -38.1% |
| Current assets | 29/58 | €8,500 | €8,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,500 | €8,500 | = | 0.0% |
| Other amounts receivable | 41 | €8,500 | €8,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €275,996 | €260,681 | -€15,315 | -5.5% |
| Equity | 10/15 | €962 | -€21,038 | -€22,001 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,038 | -€71,038 | -€22,001 | -44.9% |
| Amounts payable | 17/49 | €275,034 | €281,720 | +€6,686 | +2.4% |
| Amounts payable after more than one year | 17 | €225,085 | €213,693 | -€11,392 | -5.1% |
| Financial debts | 170/4 | €225,085 | €213,693 | -€11,392 | -5.1% |
| Amounts payable within one year | 42/48 | €49,949 | €68,027 | +€18,078 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €11,812 | €12,141 | +€329 | +2.8% |
| Financial debts | 43 | €3,892 | €3,745 | -€148 | -3.8% |
| Credit institutions | 430/8 | €3,892 | €3,745 | -€148 | -3.8% |
| Trade debts | 44 | €487 | - | -€487 | |
| Suppliers | 440/4 | €487 | - | -€487 | |
| Other amounts payable | 47/48 | €33,759 | €52,142 | +€18,383 | +54.5% |
| Non-recurring operating income | 76A | €2,375 | - | -€2,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,315 | €15,315 | = | 0.0% |
| Other operating charges | 640/8 | €18,483 | - | -€18,483 | |
| Gross operating margin | 9900 | €25,736 | €380 | -€25,357 | -98.5% |
| Operating profit (loss) | 9901 | -€8,061 | -€14,935 | -€6,874 | -85.3% |
| Financial charges | 65/66B | €7,575 | €7,065 | -€509 | -6.7% |
| Recurring financial charges | 65 | €7,575 | €7,065 | -€509 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,636 | -€22,001 | -€6,365 | -40.7% |
| Profit (loss) for the period | 9904 | -€15,636 | -€22,001 | -€6,365 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,636 | -€22,001 | -€6,365 | -40.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.