EMTIKO: 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.
EMTIKO
Largest movements
- Cash -€139,353
down €139,353 (-54.5%), from €255,752 to €116,399
mainly Contributions, distributions and other (-€298,271) and Trade debts (-€13,356)
- Tangible fixed assets -€13,772
down €13,772 (-15.0%), from €91,994 to €78,222
of which Furniture and vehicles: -€7,537
- Reserves -€272,836
down €272,836 (-76.1%), from €358,332 to €85,497
of which Distributable reserves: -€272,836
- Other debts +€120,421
new in 2025: €120,421
- Trade debts -€13,356
down €13,356 (-52.0%), from €25,707 to €12,351
- Tax, wage and social debts +€6,804
up €6,804 (+224.4%), from €3,032 to €9,835
- Gross operating margin -€40,046
down €40,046 (-43.3%), from €92,590 to €52,544
- Taxes -€7,682
down €7,682 (-50.9%), from €15,086 to €7,404
- Other operating charges +€989
up €989 (+52.6%), from €1,880 to €2,869
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 | €405,671 | €246,704 | -€158,967 | -39.2% |
| Fixed assets | 21/28 | €91,994 | €78,222 | -€13,772 | -15.0% |
| Tangible fixed assets | 22/27 | €91,994 | €78,222 | -€13,772 | -15.0% |
| Land and buildings | 22 | €73,677 | €67,442 | -€6,235 | -8.5% |
| Furniture and vehicles | 24 | €18,316 | €10,779 | -€7,537 | -41.1% |
| Current assets | 29/58 | €313,678 | €168,482 | -€145,195 | -46.3% |
| Stocks and contracts in progress | 3 | €53,902 | €52,083 | -€1,819 | -3.4% |
| Stocks | 30/36 | €53,902 | €52,083 | -€1,819 | -3.4% |
| Amounts receivable within one year | 40/41 | €4,024 | €0 | -€4,024 | -100.0% |
| Other amounts receivable | 41 | €4,024 | €0 | -€4,024 | -100.0% |
| Cash at bank and in hand | 54/58 | €255,752 | €116,399 | -€139,353 | -54.5% |
| Total equity and liabilities | 10/49 | €405,671 | €246,704 | -€158,967 | -39.2% |
| Equity | 10/15 | €376,932 | €104,097 | -€272,836 | -72.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €358,332 | €85,497 | -€272,836 | -76.1% |
| 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 | €356,472 | €83,637 | -€272,836 | -76.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,739 | €142,607 | +€113,868 | +396.2% |
| Amounts payable within one year | 42/48 | €28,739 | €142,607 | +€113,868 | +396.2% |
| Trade debts | 44 | €25,707 | €12,351 | -€13,356 | -52.0% |
| Suppliers | 440/4 | €25,707 | €12,351 | -€13,356 | -52.0% |
| Taxes, remuneration and social security | 45 | €3,032 | €9,835 | +€6,804 | +224.4% |
| Taxes | 450/3 | €3,032 | €9,835 | +€6,804 | +224.4% |
| Other amounts payable | 47/48 | - | €120,421 | +€120,421 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,938 | €13,772 | -€167 | -1.2% |
| Other operating charges | 640/8 | €1,880 | €2,869 | +€989 | +52.6% |
| Gross operating margin | 9900 | €92,590 | €52,544 | -€40,046 | -43.3% |
| Operating profit (loss) | 9901 | €76,772 | €35,903 | -€40,868 | -53.2% |
| Financial income | 75/76B | €163 | €14 | -€149 | -91.5% |
| Recurring financial income | 75 | €163 | €14 | -€149 | -91.5% |
| Financial charges | 65/66B | €3,648 | €3,077 | -€571 | -15.6% |
| Recurring financial charges | 65 | €3,648 | €3,077 | -€571 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €73,287 | €32,839 | -€40,447 | -55.2% |
| Income taxes | 67/77 | €15,086 | €7,404 | -€7,682 | -50.9% |
| Profit (loss) for the period | 9904 | €58,201 | €25,436 | -€32,765 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,201 | €25,436 | -€32,765 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.