EMTELEC: 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.
EMTELEC
Largest movements
- Cash +€34,620
up €34,620 (+495%), from €7,000 to €41,620
mainly Net result for the year (+€30,185) and Debts after one year (+€19,243)
- Tangible fixed assets +€22,825
up €22,825 (+28.0%), from €81,456 to €104,282
of which Land and buildings: +€17,222
- Receivables within one year -€7,704
down €7,704 (-18.8%), from €40,920 to €33,216
of which Trade receivables: -€5,642
- Stocks and contracts +€2,500
up €2,500 (+167%), from €1,500 to €4,000
- Reserves +€29,352
up €29,352 (+128%), from €22,999 to €52,351
- Debts after one year +€19,243
up €19,243 (+30.0%), from €64,052 to €83,295
- Other debts -€18,878
down €18,878 (-95.8%), from €19,711 to €833
- Trade debts +€17,283
up €17,283 (+104%), from €16,562 to €33,845
- Current portion of long-term debt +€2,228
up €2,228 (+96.0%), from €2,321 to €4,549
- Other operating charges -€7,347
down €7,347 (-86.1%), from €8,528 to €1,182
- Gross operating margin +€2,613
up €2,613 (+5.1%), from €51,714 to €54,327
- Depreciation +€1,788
up €1,788 (+41.0%), from €4,356 to €6,144
- Taxes +€1,397
up €1,397 (+20.9%), from €6,699 to €8,096
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 | €140,461 | €191,622 | +€51,161 | +36.4% |
| Fixed assets | 21/28 | €81,456 | €104,282 | +€22,825 | +28.0% |
| Tangible fixed assets | 22/27 | €81,456 | €104,282 | +€22,825 | +28.0% |
| Land and buildings | 22 | €73,390 | €90,612 | +€17,222 | +23.5% |
| Plant, machinery and equipment | 23 | €4,528 | €5,591 | +€1,063 | +23.5% |
| Furniture and vehicles | 24 | - | €4,724 | +€4,724 | |
| Other tangible fixed assets | 26 | €3,538 | €3,355 | -€183 | -5.2% |
| Current assets | 29/58 | €59,005 | €87,341 | +€28,336 | +48.0% |
| Stocks and contracts in progress | 3 | €1,500 | €4,000 | +€2,500 | +167% |
| Stocks | 30/36 | €1,500 | €4,000 | +€2,500 | +167% |
| Amounts receivable within one year | 40/41 | €40,920 | €33,216 | -€7,704 | -18.8% |
| Trade receivables | 40 | €33,704 | €28,062 | -€5,642 | -16.7% |
| Other amounts receivable | 41 | €7,216 | €5,155 | -€2,061 | -28.6% |
| Cash at bank and in hand | 54/58 | €7,000 | €41,620 | +€34,620 | +495% |
| Deferred charges and accrued income | 490/1 | €9,585 | €8,505 | -€1,081 | -11.3% |
| Total equity and liabilities | 10/49 | €140,461 | €191,622 | +€51,161 | +36.4% |
| Equity | 10/15 | €27,999 | €57,351 | +€29,352 | +105% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,999 | €52,351 | +€29,352 | +128% |
| Distributable reserves | 133 | €22,999 | €52,351 | +€29,352 | +128% |
| Amounts payable | 17/49 | €112,462 | €134,271 | +€21,809 | +19.4% |
| Amounts payable after more than one year | 17 | €64,052 | €83,295 | +€19,243 | +30.0% |
| Financial debts | 170/4 | €64,052 | €83,295 | +€19,243 | +30.0% |
| Amounts payable within one year | 42/48 | €46,814 | €48,341 | +€1,527 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €2,321 | €4,549 | +€2,228 | +96.0% |
| Trade debts | 44 | €16,562 | €33,845 | +€17,283 | +104% |
| Suppliers | 440/4 | €16,562 | €33,845 | +€17,283 | +104% |
| Taxes, remuneration and social security | 45 | €8,220 | €9,114 | +€894 | +10.9% |
| Taxes | 450/3 | €8,220 | €9,114 | +€894 | +10.9% |
| Other amounts payable | 47/48 | €19,711 | €833 | -€18,878 | -95.8% |
| Accrued charges and deferred income | 492/3 | €1,597 | €2,636 | +€1,039 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €6,144 | +€1,788 | +41.0% |
| Other operating charges | 640/8 | €8,528 | €1,182 | -€7,347 | -86.1% |
| Gross operating margin | 9900 | €51,714 | €54,327 | +€2,613 | +5.1% |
| Operating profit (loss) | 9901 | €38,829 | €47,001 | +€8,172 | +21.0% |
| Financial income | 75/76B | €2 | €54 | +€52 | +2,927% |
| Recurring financial income | 75 | €2 | €54 | +€52 | +2,927% |
| Financial charges | 65/66B | €8,300 | €8,774 | +€474 | +5.7% |
| Recurring financial charges | 65 | €8,300 | €8,774 | +€474 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €30,531 | €38,281 | +€7,750 | +25.4% |
| Income taxes | 67/77 | €6,699 | €8,096 | +€1,397 | +20.9% |
| Profit (loss) for the period | 9904 | €23,832 | €30,185 | +€6,353 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,832 | €30,185 | +€6,353 | +26.7% |
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 19 October 2026 via checked.be.