EMT2: 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.
EMT2
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-12.9%), from €193,699 to €168,699
- Profit (loss) carried forward -€12,424
down €12,424, from €6,869 to -€5,554
- Debts after one year -€10,254
down €10,254 (-13.7%), from €74,662 to €64,408
of which Financial debts: -€10,254
- Other debts +€2,209
up €2,209 (+29.4%), from €7,522 to €9,730
- Tax, wage and social debts -€2,199
down €2,199 (-42.9%), from €5,129 to €2,931
- Gross operating margin -€84,629
down €84,629 (-84.9%), from €99,627 to €14,997
- Taxes -€23,743
no longer reported in 2025 (was €23,743)
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 | €204,494 | €180,830 | -€23,665 | -11.6% |
| Fixed assets | 21/28 | €196,746 | €170,375 | -€26,372 | -13.4% |
| Intangible fixed assets | 21 | €193,699 | €168,699 | -€25,000 | -12.9% |
| Tangible fixed assets | 22/27 | €3,048 | €1,676 | -€1,372 | -45.0% |
| Furniture and vehicles | 24 | €3,048 | €1,676 | -€1,372 | -45.0% |
| Current assets | 29/58 | €7,748 | €10,455 | +€2,707 | +34.9% |
| Amounts receivable within one year | 40/41 | €3,591 | €5,361 | +€1,770 | +49.3% |
| Trade receivables | 40 | €3,591 | €1,361 | -€2,230 | -62.1% |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €4,157 | €4,799 | +€642 | +15.4% |
| Deferred charges and accrued income | 490/1 | - | €295 | +€295 | |
| Total equity and liabilities | 10/49 | €204,494 | €180,830 | -€23,665 | -11.6% |
| Equity | 10/15 | €105,919 | €93,496 | -€12,424 | -11.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €86,550 | €86,550 | = | 0.0% |
| Distributable reserves | 133 | €86,550 | €86,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,869 | -€5,554 | -€12,424 | |
| Amounts payable | 17/49 | €98,575 | €87,334 | -€11,241 | -11.4% |
| Amounts payable after more than one year | 17 | €74,662 | €64,408 | -€10,254 | -13.7% |
| Financial debts | 170/4 | €14,662 | €4,408 | -€10,254 | -69.9% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,913 | €22,926 | -€987 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €9,812 | €10,254 | +€443 | +4.5% |
| Trade debts | 44 | €1,450 | €11 | -€1,439 | -99.2% |
| Suppliers | 440/4 | €1,450 | €11 | -€1,439 | -99.2% |
| Taxes, remuneration and social security | 45 | €5,129 | €2,931 | -€2,199 | -42.9% |
| Taxes | 450/3 | €5,129 | €2,931 | -€2,199 | -42.9% |
| Other amounts payable | 47/48 | €7,522 | €9,730 | +€2,209 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,182 | €26,372 | +€189 | +0.7% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €99,627 | €14,997 | -€84,629 | -84.9% |
| Operating profit (loss) | 9901 | €73,381 | -€11,374 | -€84,755 | |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €1,073 | €1,070 | -€3 | -0.2% |
| Recurring financial charges | 65 | €1,073 | €1,070 | -€3 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €72,308 | -€12,424 | -€84,732 | |
| Income taxes | 67/77 | €23,743 | - | -€23,743 | |
| Profit (loss) for the period | 9904 | €48,565 | -€12,424 | -€60,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,565 | -€12,424 | -€60,989 |
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 23 October 2026 via checked.be.