EMV LOGISTICS: 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.
EMV LOGISTICS
Largest movements
- Tangible fixed assets -€76,841
down €76,841 (-16.4%), from €468,559 to €391,718
of which Land and buildings: -€75,347
- Profit (loss) carried forward -€59,105
down €59,105 (-8.4%), from -€703,139 to -€762,244
- Other debts -€20,219
down €20,219 (-1.9%), from €1.0m to €1.0m
- Gross operating margin -€25,848
down €25,848, from €23,646 to -€2,202
- Other operating charges -€9,127
down €9,127 (-100.0%), from €9,127 to €0
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,227 | €391,718 | -€77,510 | -16.5% |
| Fixed assets | 21/28 | €468,584 | €391,718 | -€76,866 | -16.4% |
| Tangible fixed assets | 22/27 | €468,559 | €391,718 | -€76,841 | -16.4% |
| Land and buildings | 22 | €466,566 | €391,219 | -€75,347 | -16.1% |
| Plant, machinery and equipment | 23 | €1,993 | €498 | -€1,495 | -75.0% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €644 | - | -€644 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €644 | - | -€644 | |
| Total equity and liabilities | 10/49 | €469,227 | €391,718 | -€77,510 | -16.5% |
| Equity | 10/15 | -€641,139 | -€700,244 | -€59,105 | -9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | - | €62,000 | +€62,000 | |
| Other | 1109/19 | - | €62,000 | +€62,000 | |
| Profit (loss) carried forward | 14 | -€703,139 | -€762,244 | -€59,105 | -8.4% |
| Amounts payable | 17/49 | €1,110,366 | €1,091,962 | -€18,404 | -1.7% |
| Amounts payable after more than one year | 17 | €60,560 | €60,560 | = | 0.0% |
| Financial debts | 170/4 | €60,560 | €60,560 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,049,806 | €1,031,401 | -€18,404 | -1.8% |
| Trade debts | 44 | - | €1,815 | +€1,815 | |
| Suppliers | 440/4 | - | €1,815 | +€1,815 | |
| Other amounts payable | 47/48 | €1,049,806 | €1,029,586 | -€20,219 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,614 | €25,614 | = | 0.0% |
| Other operating charges | 640/8 | €9,127 | €0 | -€9,127 | -100.0% |
| Gross operating margin | 9900 | €23,646 | -€2,202 | -€25,848 | |
| Operating profit (loss) | 9901 | -€11,094 | -€27,815 | -€16,721 | -150.7% |
| Financial charges | 65/66B | €168 | - | -€168 | |
| Recurring financial charges | 65 | €168 | - | -€168 | |
| Profit (loss) for the period before taxes | 9903 | -€11,262 | -€27,815 | -€16,553 | -147.0% |
| Profit (loss) for the period | 9904 | -€11,262 | -€27,815 | -€16,553 | -147.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,262 | -€27,815 | -€16,553 | -147.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.