eMTee: 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.
eMTee
Largest movements
- Tangible fixed assets -€11,550
down €11,550 (-16.1%), from €71,790 to €60,240
of which Furniture and vehicles: -€18,052
- Cash -€6,459
down €6,459 (-9.9%), from €65,477 to €59,018
mainly Other debts (-€34,834) and Debts after one year (-€22,960)
- Receivables within one year -€5,717
down €5,717 (-22.0%), from €25,989 to €20,272
of which Trade receivables: -€8,117
- Other debts -€34,834
no longer reported in 2025 (was €34,834)
- Reserves +€32,204
up €32,204 (+1,731%), from €1,860 to €34,064
of which Distributable reserves: +€32,204
- Debts after one year -€22,960
down €22,960 (-41.8%), from €54,909 to €31,948
- Current portion of long-term debt +€3,814
up €3,814 (+19.9%), from €19,130 to €22,945
- Trade debts -€2,158
no longer reported in 2025 (was €2,158)
- Gross operating margin +€6,051
up €6,051 (+9.4%), from €64,079 to €70,130
- Depreciation +€4,037
up €4,037 (+24.6%), from €16,396 to €20,433
- Taxes +€3,614
up €3,614 (+30.0%), from €12,053 to €15,666
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 | €165,807 | €142,105 | -€23,701 | -14.3% |
| Fixed assets | 21/28 | €71,790 | €60,240 | -€11,550 | -16.1% |
| Tangible fixed assets | 22/27 | €71,790 | €60,240 | -€11,550 | -16.1% |
| Land and buildings | 22 | €1,750 | €9,884 | +€8,134 | +465% |
| Plant, machinery and equipment | 23 | €6,202 | €4,570 | -€1,632 | -26.3% |
| Furniture and vehicles | 24 | €63,838 | €45,786 | -€18,052 | -28.3% |
| Current assets | 29/58 | €94,016 | €81,865 | -€12,151 | -12.9% |
| Amounts receivable within one year | 40/41 | €25,989 | €20,272 | -€5,717 | -22.0% |
| Trade receivables | 40 | €25,989 | €17,872 | -€8,117 | -31.2% |
| Other amounts receivable | 41 | - | €2,400 | +€2,400 | |
| Cash at bank and in hand | 54/58 | €65,477 | €59,018 | -€6,459 | -9.9% |
| Deferred charges and accrued income | 490/1 | €2,550 | €2,575 | +€25 | +1.0% |
| Total equity and liabilities | 10/49 | €165,807 | €142,105 | -€23,701 | -14.3% |
| Equity | 10/15 | €42,225 | €74,429 | +€32,204 | +76.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €34,064 | +€32,204 | +1,731% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,204 | +€32,204 | |
| Profit (loss) carried forward | 14 | €34,165 | €34,165 | = | 0.0% |
| Amounts payable | 17/49 | €123,581 | €67,676 | -€55,905 | -45.2% |
| Amounts payable after more than one year | 17 | €54,909 | €31,948 | -€22,960 | -41.8% |
| Financial debts | 170/4 | €54,909 | €31,948 | -€22,960 | -41.8% |
| Amounts payable within one year | 42/48 | €68,673 | €35,728 | -€32,945 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €19,130 | €22,945 | +€3,814 | +19.9% |
| Trade debts | 44 | €2,158 | - | -€2,158 | |
| Suppliers | 440/4 | €2,158 | - | -€2,158 | |
| Taxes, remuneration and social security | 45 | €12,551 | €12,783 | +€232 | +1.9% |
| Taxes | 450/3 | €12,551 | €12,783 | +€232 | +1.9% |
| Other amounts payable | 47/48 | €34,834 | - | -€34,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,396 | €20,433 | +€4,037 | +24.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €64,079 | €70,130 | +€6,051 | +9.4% |
| Operating profit (loss) | 9901 | €47,565 | €49,577 | +€2,011 | +4.2% |
| Financial charges | 65/66B | €1,348 | €1,707 | +€359 | +26.6% |
| Recurring financial charges | 65 | €1,348 | €1,707 | +€359 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €46,218 | €47,870 | +€1,652 | +3.6% |
| Income taxes | 67/77 | €12,053 | €15,666 | +€3,614 | +30.0% |
| Profit (loss) for the period | 9904 | €34,165 | €32,204 | -€1,961 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,165 | €32,204 | -€1,961 | -5.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.