EMSPIRE: 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.
EMSPIRE
Largest movements
- Cash +€579,264
up €579,264 (+1124.4%), from €51,516 to €630,779
mainly Current investments (+€488,418) and Net result for the year (+€170,907)
- Current investments -€488,418
down €488,418 (-41.8%), from €1.2m to €679,909
- Tangible fixed assets -€20,299
down €20,299 (-29.4%), from €69,147 to €48,848
of which Furniture and vehicles: -€20,636
- Tax, wage and social debts +€54,013
up €54,013 (+94.2%), from €57,314 to €111,327
of which Taxes: +€54,286
- Depreciation +€5,200
up €5,200 (+25.1%), from €20,725 to €25,925
- Gross operating margin +€5,183
up €5,183 (+2.0%), from €253,864 to €259,046
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 | €1,310,067 | €1,366,599 | +€56,532 | +4.3% |
| Fixed assets | 21/28 | €69,147 | €48,848 | -€20,299 | -29.4% |
| Tangible fixed assets | 22/27 | €69,147 | €48,848 | -€20,299 | -29.4% |
| Land and buildings | 22 | €8,440 | €9,163 | +€722 | +8.6% |
| Plant, machinery and equipment | 23 | €800 | €414 | -€386 | -48.2% |
| Furniture and vehicles | 24 | €59,907 | €39,271 | -€20,636 | -34.4% |
| Current assets | 29/58 | €1,240,919 | €1,317,751 | +€76,831 | +6.2% |
| Amounts receivable within one year | 40/41 | €3,659 | €2,336 | -€1,324 | -36.2% |
| Other amounts receivable | 41 | €3,659 | €2,336 | -€1,324 | -36.2% |
| Current investments | 50/53 | €1,168,328 | €679,909 | -€488,418 | -41.8% |
| Cash at bank and in hand | 54/58 | €51,516 | €630,779 | +€579,264 | +1124.4% |
| Deferred charges and accrued income | 490/1 | €17,417 | €4,726 | -€12,691 | -72.9% |
| Total equity and liabilities | 10/49 | €1,310,067 | €1,366,599 | +€56,532 | +4.3% |
| Equity | 10/15 | €1,240,606 | €1,250,917 | +€10,311 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,234,406 | €1,244,717 | +€10,311 | +0.8% |
| Distributable reserves | 133 | €1,234,406 | €1,244,717 | +€10,311 | +0.8% |
| Amounts payable | 17/49 | €69,461 | €115,682 | +€46,221 | +66.5% |
| Amounts payable within one year | 42/48 | €69,422 | €115,657 | +€46,235 | +66.6% |
| Trade debts | 44 | €12,108 | €4,331 | -€7,777 | -64.2% |
| Suppliers | 440/4 | €12,108 | €4,331 | -€7,777 | -64.2% |
| Taxes, remuneration and social security | 45 | €57,314 | €111,327 | +€54,013 | +94.2% |
| Taxes | 450/3 | €54,014 | €108,300 | +€54,286 | +100.5% |
| Remuneration and social security | 454/9 | €3,300 | €3,027 | -€274 | -8.3% |
| Accrued charges and deferred income | 492/3 | €39 | €24 | -€15 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,725 | €25,925 | +€5,200 | +25.1% |
| Other operating charges | 640/8 | €1,159 | €1,297 | +€139 | +12.0% |
| Gross operating margin | 9900 | €253,864 | €259,046 | +€5,183 | +2.0% |
| Operating profit (loss) | 9901 | €231,980 | €231,824 | -€156 | -0.1% |
| Financial income | 75/76B | €16,860 | €17,001 | +€141 | +0.8% |
| Recurring financial income | 75 | €16,860 | €17,001 | +€141 | +0.8% |
| Financial charges | 65/66B | €2,815 | €1,769 | -€1,046 | -37.2% |
| Recurring financial charges | 65 | €2,815 | €1,769 | -€1,046 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €246,025 | €247,056 | +€1,031 | +0.4% |
| Income taxes | 67/77 | €74,908 | €76,149 | +€1,241 | +1.7% |
| Profit (loss) for the period | 9904 | €171,117 | €170,907 | -€210 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €171,117 | €170,907 | -€210 | -0.1% |
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 7 October 2026 via checked.be.