EMT: 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.
EMT
Largest movements
- Tangible fixed assets -€111,002
down €111,002 (-4.9%), from €2.3m to €2.2m
- Cash +€89,634
up €89,634 (+117.4%), from €76,367 to €166,000
mainly Debts after one year (+€167,460) and Depreciation (+€111,002)
- Receivables within one year -€45,043
down €45,043 (-37.8%), from €119,278 to €74,235
- Debts after one year +€167,460
up €167,460 (+8.0%), from €2.1m to €2.2m
- Profit (loss) carried forward -€154,736
down €154,736 (-19.3%), from -€801,932 to -€956,668
- Reserves -€57,378
down €57,378 (-12.6%), from €455,198 to €397,820
- Turnover +€97,436
new in 2025: €97,436
- Purchases and services +€52,358
new in 2025: €52,358
- Gross operating margin -€32,031
down €32,031 (-41.5%), from €77,109 to €45,078
- Financial charges +€28,442
up €28,442 (+21.0%), from €135,533 to €163,975
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 | €2,469,674 | €2,403,263 | -€66,411 | -2.7% |
| Fixed assets | 21/28 | €2,274,030 | €2,163,028 | -€111,002 | -4.9% |
| Tangible fixed assets | 22/27 | €2,274,030 | €2,163,028 | -€111,002 | -4.9% |
| Furniture and vehicles | 24 | €2,274,030 | €2,163,028 | -€111,002 | -4.9% |
| Current assets | 29/58 | €195,644 | €240,236 | +€44,591 | +22.8% |
| Amounts receivable within one year | 40/41 | €119,278 | €74,235 | -€45,043 | -37.8% |
| Trade receivables | 40 | €119,278 | €74,235 | -€45,043 | -37.8% |
| Cash at bank and in hand | 54/58 | €76,367 | €166,000 | +€89,634 | +117.4% |
| Total equity and liabilities | 10/49 | €2,469,674 | €2,403,263 | -€66,411 | -2.7% |
| Equity | 10/15 | €153,266 | -€58,848 | -€212,114 | |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €455,198 | €397,820 | -€57,378 | -12.6% |
| Tax-exempt reserves | 132 | €455,198 | €397,820 | -€57,378 | -12.6% |
| Profit (loss) carried forward | 14 | -€801,932 | -€956,668 | -€154,736 | -19.3% |
| Provisions and deferred taxes | 16 | €156,833 | €137,707 | -€19,126 | -12.2% |
| Deferred taxes | 168 | €156,833 | €137,707 | -€19,126 | -12.2% |
| Amounts payable | 17/49 | €2,159,576 | €2,324,405 | +€164,829 | +7.6% |
| Amounts payable after more than one year | 17 | €2,082,323 | €2,249,783 | +€167,460 | +8.0% |
| Financial debts | 170/4 | €2,082,323 | €2,249,783 | +€167,460 | +8.0% |
| Amounts payable within one year | 42/48 | €7,706 | €8,726 | +€1,019 | +13.2% |
| Trade debts | 44 | €1,148 | €5,839 | +€4,691 | +408.7% |
| Suppliers | 440/4 | - | €5,839 | +€5,839 | |
| Bills of exchange payable | 441 | €1,148 | - | -€1,148 | |
| Taxes, remuneration and social security | 45 | €6,558 | €2,887 | -€3,672 | -56.0% |
| Taxes | 450/3 | €6,558 | €2,887 | -€3,672 | -56.0% |
| Accrued charges and deferred income | 492/3 | €69,546 | €65,896 | -€3,650 | -5.2% |
| Turnover | 70 | - | €97,436 | +€97,436 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €52,358 | +€52,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,002 | €111,002 | = | 0.0% |
| Other operating charges | 640/8 | €1,184 | €1,341 | +€157 | +13.2% |
| Gross operating margin | 9900 | €77,109 | €45,078 | -€32,031 | -41.5% |
| Operating profit (loss) | 9901 | -€35,077 | -€67,265 | -€32,188 | -91.8% |
| Financial income | 75/76B | €205 | €0 | -€205 | -100.0% |
| Recurring financial income | 75 | €205 | €0 | -€205 | -100.0% |
| Financial charges | 65/66B | €135,533 | €163,975 | +€28,442 | +21.0% |
| Recurring financial charges | 65 | €135,533 | €163,975 | +€28,442 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€170,405 | -€231,240 | -€60,835 | -35.7% |
| Transfer from deferred taxes | 780 | €19,126 | €19,126 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€151,279 | -€212,114 | -€60,835 | -40.2% |
| Transfer from tax-exempt reserves | 789 | €57,378 | €57,378 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,902 | -€154,736 | -€60,835 | -64.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.