EMTO: 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.
EMTO
Largest movements
- Receivables within one year +€24,605
up €24,605 (+97.5%), from €25,241 to €49,846
of which Other amounts receivable: +€22,500
- Cash +€12,295
up €12,295 (+40.0%), from €30,760 to €43,055
mainly Net result for the year (+€31,412) and Tax, wage and social debts (+€8,155)
- Deferred charges and accrued income +€5,462
up €5,462 (+231.7%), from €2,357 to €7,819
- Tangible fixed assets -€2,597
down €2,597 (-34.1%), from €7,626 to €5,029
of which Furniture and vehicles: -€1,584
- Reserves +€72,321
new in 2025: €72,321
- Profit (loss) carried forward -€40,908
down €40,908 (-100.0%), from €40,908 to €0
- Tax, wage and social debts +€8,155
up €8,155 (+47.1%), from €17,328 to €25,483
of which Taxes: +€10,955
- Other debts +€2,379
up €2,379 (+436.2%), from €545 to €2,924
- Debts after one year -€2,106
down €2,106 (-100.0%), from €2,106 to €0
- Gross operating margin +€6,927
up €6,927 (+16.0%), from €43,334 to €50,261
- Taxes +€1,116
up €1,116 (+12.9%), from €8,641 to €9,757
- Financial income +€823
up €823 (+164.6%), from €500 to €1,323
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 | €65,985 | €105,749 | +€39,764 | +60.3% |
| Fixed assets | 21/28 | €7,626 | €5,029 | -€2,597 | -34.1% |
| Tangible fixed assets | 22/27 | €7,626 | €5,029 | -€2,597 | -34.1% |
| Plant, machinery and equipment | 23 | €1,716 | €702 | -€1,014 | -59.1% |
| Furniture and vehicles | 24 | €5,910 | €4,327 | -€1,584 | -26.8% |
| Current assets | 29/58 | €58,358 | €100,720 | +€42,362 | +72.6% |
| Amounts receivable within one year | 40/41 | €25,241 | €49,846 | +€24,605 | +97.5% |
| Trade receivables | 40 | €12,741 | €14,846 | +€2,105 | +16.5% |
| Other amounts receivable | 41 | €12,500 | €35,000 | +€22,500 | +180.0% |
| Cash at bank and in hand | 54/58 | €30,760 | €43,055 | +€12,295 | +40.0% |
| Deferred charges and accrued income | 490/1 | €2,357 | €7,819 | +€5,462 | +231.7% |
| Total equity and liabilities | 10/49 | €65,985 | €105,749 | +€39,764 | +60.3% |
| Equity | 10/15 | €42,908 | €74,321 | +€31,412 | +73.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €72,321 | +€72,321 | |
| Distributable reserves | 133 | - | €72,321 | +€72,321 | |
| Profit (loss) carried forward | 14 | €40,908 | €0 | -€40,908 | -100.0% |
| Amounts payable | 17/49 | €23,076 | €31,429 | +€8,352 | +36.2% |
| Amounts payable after more than one year | 17 | €2,106 | €0 | -€2,106 | -100.0% |
| Financial debts | 170/4 | €2,106 | €0 | -€2,106 | -100.0% |
| Amounts payable within one year | 42/48 | €20,971 | €31,429 | +€10,458 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €2,674 | €2,106 | -€568 | -21.2% |
| Trade debts | 44 | €424 | €916 | +€492 | +116.1% |
| Suppliers | 440/4 | €424 | €916 | +€492 | +116.1% |
| Taxes, remuneration and social security | 45 | €17,328 | €25,483 | +€8,155 | +47.1% |
| Taxes | 450/3 | €14,528 | €25,483 | +€10,955 | +75.4% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100.0% |
| Other amounts payable | 47/48 | €545 | €2,924 | +€2,379 | +436.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,597 | €2,597 | = | 0.0% |
| Other operating charges | 640/8 | €1,220 | €1,127 | -€93 | -7.6% |
| Non-recurring operating charges | 66A | - | €3,642 | +€3,642 | |
| Gross operating margin | 9900 | €43,334 | €50,261 | +€6,927 | +16.0% |
| Operating profit (loss) | 9901 | €39,517 | €42,895 | +€3,378 | +8.5% |
| Financial income | 75/76B | €500 | €1,323 | +€823 | +164.6% |
| Recurring financial income | 75 | €500 | €1,323 | +€823 | +164.6% |
| Financial charges | 65/66B | €2,556 | €3,049 | +€493 | +19.3% |
| Recurring financial charges | 65 | €2,556 | €3,049 | +€493 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €37,461 | €41,169 | +€3,709 | +9.9% |
| Income taxes | 67/77 | €8,641 | €9,757 | +€1,116 | +12.9% |
| Profit (loss) for the period | 9904 | €28,820 | €31,412 | +€2,593 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,820 | €31,412 | +€2,593 | +9.0% |
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 11 October 2026 via checked.be.