EMULCO LABORATORIES: 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.
EMULCO LABORATORIES
Largest movements
- Intangible fixed assets -€239,626
down €239,626 (-9.6%), from €2.5m to €2.2m
- Receivables within one year +€156,111
up €156,111 (+390%), from €39,991 to €196,102
of which Trade receivables: +€184,538
- Profit (loss) carried forward -€319,899
down €319,899 (-11.2%), from -€2.8m to -€3.2m
- Other debts +€281,362
up €281,362 (+13.3%), from €2.1m to €2.4m
- Investment grants -€72,669
down €72,669 (-11.5%), from €629,752 to €557,083
- Trade debts +€40,571
up €40,571 (+29.3%), from €138,450 to €179,021
- Gross operating margin +€68,001
up €68,001 (+174%), from €39,163 to €107,165
- Staff costs -€22,222
down €22,222 (-10.9%), from €204,313 to €182,091
- Depreciation +€4,252
up €4,252 (+1.6%), from €261,255 to €265,507
- Financial charges +€1,483
up €1,483 (+3.1%), from €48,464 to €49,947
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 | €2,550,428 | €2,463,077 | -€87,351 | -3.4% |
| Fixed assets | 21/28 | €2,489,436 | €2,248,567 | -€240,870 | -9.7% |
| Intangible fixed assets | 21 | €2,486,243 | €2,246,618 | -€239,626 | -9.6% |
| Tangible fixed assets | 22/27 | €3,193 | €1,949 | -€1,244 | -39.0% |
| Plant, machinery and equipment | 23 | €903 | - | -€903 | |
| Other tangible fixed assets | 26 | €2,290 | €1,949 | -€341 | -14.9% |
| Current assets | 29/58 | €60,992 | €214,510 | +€153,518 | +252% |
| Amounts receivable within one year | 40/41 | €39,991 | €196,102 | +€156,111 | +390% |
| Trade receivables | 40 | €11,495 | €196,033 | +€184,538 | +1,605% |
| Other amounts receivable | 41 | €28,496 | €69 | -€28,427 | -99.8% |
| Cash at bank and in hand | 54/58 | €16,568 | €16,791 | +€223 | +1.3% |
| Deferred charges and accrued income | 490/1 | €4,433 | €1,617 | -€2,816 | -63.5% |
| Total equity and liabilities | 10/49 | €2,550,428 | €2,463,077 | -€87,351 | -3.4% |
| Equity | 10/15 | €273,109 | -€119,459 | -€392,568 | |
| Contributions | 10/11 | €2,461,700 | €2,461,700 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,848,343 | -€3,168,242 | -€319,899 | -11.2% |
| Investment grants | 15 | €629,752 | €557,083 | -€72,669 | -11.5% |
| Amounts payable | 17/49 | €2,277,319 | €2,582,536 | +€305,217 | +13.4% |
| Amounts payable within one year | 42/48 | €2,277,319 | €2,582,536 | +€305,217 | +13.4% |
| Trade debts | 44 | €138,450 | €179,021 | +€40,571 | +29.3% |
| Suppliers | 440/4 | €138,450 | €179,021 | +€40,571 | +29.3% |
| Taxes, remuneration and social security | 45 | €30,319 | €13,603 | -€16,716 | -55.1% |
| Taxes | 450/3 | €2,727 | €7,407 | +€4,680 | +172% |
| Remuneration and social security | 454/9 | €27,592 | €6,196 | -€21,396 | -77.5% |
| Other amounts payable | 47/48 | €2,108,550 | €2,389,912 | +€281,362 | +13.3% |
| Remuneration, social security and pensions | 62 | €204,313 | €182,091 | -€22,222 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,255 | €265,507 | +€4,252 | +1.6% |
| Other operating charges | 640/8 | €1,483 | €1,230 | -€252 | -17.0% |
| Gross operating margin | 9900 | €39,163 | €107,165 | +€68,001 | +174% |
| Operating profit (loss) | 9901 | -€427,887 | -€341,664 | +€86,224 | +20.2% |
| Financial income | 75/76B | €72,669 | €72,669 | = | 0.0% |
| Recurring financial income | 75 | €72,669 | €72,669 | = | 0.0% |
| Financial charges | 65/66B | €48,464 | €49,947 | +€1,483 | +3.1% |
| Recurring financial charges | 65 | €48,464 | €49,947 | +€1,483 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€403,682 | -€318,941 | +€84,741 | +21.0% |
| Income taxes | 67/77 | €674 | €958 | +€284 | +42.1% |
| Profit (loss) for the period | 9904 | -€404,356 | -€319,899 | +€84,457 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€404,356 | -€319,899 | +€84,457 | +20.9% |
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 31 October 2026 via checked.be.