EMSUDIT: 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.
EMSUDIT
Largest movements
- Receivables within one year -€24,859
down €24,859 (-75.1%), from €33,093 to €8,234
of which Trade receivables: -€12,693
- Tangible fixed assets -€22,370
down €22,370 (-1.9%), from €1.2m to €1.1m
of which Land and buildings: -€21,998
- Debts after one year -€31,655
down €31,655 (-8.7%), from €364,428 to €332,774
- Other debts -€29,199
down €29,199 (-27.6%), from €105,749 to €76,550
- Reserves +€20,000
up €20,000 (+7.4%), from €271,860 to €291,860
- Financial charges +€10,914
up €10,914 (+116.8%), from €9,344 to €20,257
- Gross operating margin +€7,545
up €7,545 (+9.9%), from €76,587 to €84,132
- Other operating charges +€3,074
up €3,074 (+41.7%), from €7,369 to €10,444
- Taxes -€1,822
down €1,822 (-15.7%), from €11,580 to €9,758
- Depreciation +€864
up €864 (+4.0%), from €21,506 to €22,370
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 | €1,216,007 | €1,167,076 | -€48,931 | -4.0% |
| Fixed assets | 21/28 | €1,167,885 | €1,145,515 | -€22,370 | -1.9% |
| Tangible fixed assets | 22/27 | €1,167,885 | €1,145,515 | -€22,370 | -1.9% |
| Land and buildings | 22 | €1,166,754 | €1,144,756 | -€21,998 | -1.9% |
| Furniture and vehicles | 24 | €1,131 | €759 | -€372 | -32.9% |
| Current assets | 29/58 | €48,122 | €21,560 | -€26,561 | -55.2% |
| Amounts receivable within one year | 40/41 | €33,093 | €8,234 | -€24,859 | -75.1% |
| Trade receivables | 40 | €12,693 | - | -€12,693 | |
| Other amounts receivable | 41 | €20,400 | €8,234 | -€12,166 | -59.6% |
| Cash at bank and in hand | 54/58 | €11,213 | €9,618 | -€1,595 | -14.2% |
| Deferred charges and accrued income | 490/1 | €3,816 | €3,709 | -€107 | -2.8% |
| Total equity and liabilities | 10/49 | €1,216,007 | €1,167,076 | -€48,931 | -4.0% |
| Equity | 10/15 | €692,609 | €713,912 | +€21,303 | +3.1% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €271,860 | €291,860 | +€20,000 | +7.4% |
| Distributable reserves | 133 | €271,860 | €291,860 | +€20,000 | +7.4% |
| Profit (loss) carried forward | 14 | €352,149 | €353,452 | +€1,303 | +0.4% |
| Amounts payable | 17/49 | €523,398 | €453,164 | -€70,234 | -13.4% |
| Amounts payable after more than one year | 17 | €364,428 | €332,774 | -€31,655 | -8.7% |
| Financial debts | 170/4 | €364,428 | €332,774 | -€31,655 | -8.7% |
| Amounts payable within one year | 42/48 | €152,893 | €112,396 | -€40,497 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €41,498 | €31,655 | -€9,844 | -23.7% |
| Taxes, remuneration and social security | 45 | €5,646 | €4,192 | -€1,454 | -25.8% |
| Taxes | 450/3 | €5,646 | €4,192 | -€1,454 | -25.8% |
| Other amounts payable | 47/48 | €105,749 | €76,550 | -€29,199 | -27.6% |
| Accrued charges and deferred income | 492/3 | €6,076 | €7,994 | +€1,918 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,506 | €22,370 | +€864 | +4.0% |
| Other operating charges | 640/8 | €7,369 | €10,444 | +€3,074 | +41.7% |
| Gross operating margin | 9900 | €76,587 | €84,132 | +€7,545 | +9.9% |
| Operating profit (loss) | 9901 | €47,712 | €51,318 | +€3,606 | +7.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -84.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -84.6% |
| Financial charges | 65/66B | €9,344 | €20,257 | +€10,914 | +116.8% |
| Recurring financial charges | 65 | €9,344 | €20,257 | +€10,914 | +116.8% |
| Profit (loss) for the period before taxes | 9903 | €38,369 | €31,061 | -€7,308 | -19.0% |
| Income taxes | 67/77 | €11,580 | €9,758 | -€1,822 | -15.7% |
| Profit (loss) for the period | 9904 | €26,788 | €21,303 | -€5,486 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,788 | €21,303 | -€5,486 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.