EMV Technics: what changed
EMV Technics
Largest movements
- Tangible fixed assets +€315,769
up €315,769 (+126%), from €251,420 to €567,189
of which Land and buildings: +€329,188
- Receivables within one year +€52,513
up €52,513 (+73.8%), from €71,127 to €123,641
of which Trade receivables: +€36,257
- Cash -€18,442
down €18,442 (-29.4%), from €62,772 to €44,330
mainly Investment in fixed assets (net) (-€362,691) and Contributions, distributions and other (-€216,565)
- Deferred charges and accrued income +€11,849
up €11,849 (+295%), from €4,011 to €15,860
- Stocks and contracts -€8,678
down €8,678 (-24.6%), from €35,299 to €26,621
- Debts after one year +€226,752
up €226,752 (+260%), from €87,098 to €313,850
- Other debts +€185,539
up €185,539 (+311%), from €59,576 to €245,115
- Reserves -€86,674
down €86,674 (-38.3%), from €226,065 to €139,391
of which Distributable reserves: -€149,824
- Current portion of long-term debt +€15,915
up €15,915 (+177%), from €8,994 to €24,909
- Accrued charges and deferred income +€8,581
up €8,581 (+184%), from €4,672 to €13,253
- Gross operating margin +€92,337
up €92,337 (+67.0%), from €137,762 to €230,100
- Depreciation +€24,705
up €24,705 (+94.2%), from €26,217 to €50,922
- Taxes +€11,039
up €11,039 (+56.4%), from €19,561 to €30,601
- Financial charges +€11,021
up €11,021 (+163%), from €6,775 to €17,796
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,629 | €786,641 | +€349,012 | +79.8% |
| Fixed assets | 21/28 | €264,420 | €576,189 | +€311,769 | +118% |
| Intangible fixed assets | 21 | €13,000 | €9,000 | -€4,000 | -30.8% |
| Tangible fixed assets | 22/27 | €251,420 | €567,189 | +€315,769 | +126% |
| Land and buildings | 22 | €143,479 | €472,667 | +€329,188 | +229% |
| Plant, machinery and equipment | 23 | €34,278 | €34,182 | -€96 | -0.3% |
| Furniture and vehicles | 24 | €73,664 | €60,341 | -€13,323 | -18.1% |
| Current assets | 29/58 | €173,208 | €210,451 | +€37,243 | +21.5% |
| Stocks and contracts in progress | 3 | €35,299 | €26,621 | -€8,678 | -24.6% |
| Stocks | 30/36 | €35,299 | €26,621 | -€8,678 | -24.6% |
| Amounts receivable within one year | 40/41 | €71,127 | €123,641 | +€52,513 | +73.8% |
| Trade receivables | 40 | €56,642 | €92,899 | +€36,257 | +64.0% |
| Other amounts receivable | 41 | €14,485 | €30,741 | +€16,256 | +112% |
| Cash at bank and in hand | 54/58 | €62,772 | €44,330 | -€18,442 | -29.4% |
| Deferred charges and accrued income | 490/1 | €4,011 | €15,860 | +€11,849 | +295% |
| Total equity and liabilities | 10/49 | €437,629 | €786,641 | +€349,012 | +79.8% |
| Equity | 10/15 | €244,665 | €157,991 | -€86,674 | -35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,065 | €139,391 | -€86,674 | -38.3% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €226,065 | €76,241 | -€149,824 | -66.3% |
| Amounts payable | 17/49 | €192,963 | €628,650 | +€435,686 | +226% |
| Amounts payable after more than one year | 17 | €87,098 | €313,850 | +€226,752 | +260% |
| Financial debts | 170/4 | €87,098 | €313,850 | +€226,752 | +260% |
| Amounts payable within one year | 42/48 | €101,193 | €301,546 | +€200,353 | +198% |
| Current portion of amounts payable after more than one year | 42 | €8,994 | €24,909 | +€15,915 | +177% |
| Trade debts | 44 | €27,251 | €26,289 | -€962 | -3.5% |
| Suppliers | 440/4 | €27,251 | €26,289 | -€962 | -3.5% |
| Taxes, remuneration and social security | 45 | €5,372 | €5,233 | -€139 | -2.6% |
| Taxes | 450/3 | €3,611 | €3,397 | -€214 | -5.9% |
| Remuneration and social security | 454/9 | €1,761 | €1,836 | +€75 | +4.3% |
| Other amounts payable | 47/48 | €59,576 | €245,115 | +€185,539 | +311% |
| Accrued charges and deferred income | 492/3 | €4,672 | €13,253 | +€8,581 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,217 | €50,922 | +€24,705 | +94.2% |
| Other operating charges | 640/8 | €2,140 | €1,744 | -€396 | -18.5% |
| Non-recurring operating charges | 66A | €776 | €1,050 | +€274 | +35.3% |
| Gross operating margin | 9900 | €137,762 | €230,100 | +€92,337 | +67.0% |
| Operating profit (loss) | 9901 | €108,629 | €176,382 | +€67,754 | +62.4% |
| Financial income | 75/76B | €329 | €1,905 | +€1,576 | +478% |
| Recurring financial income | 75 | €329 | €1,905 | +€1,576 | +478% |
| Financial charges | 65/66B | €6,775 | €17,796 | +€11,021 | +163% |
| Recurring financial charges | 65 | €6,775 | €17,796 | +€11,021 | +163% |
| Profit (loss) for the period before taxes | 9903 | €102,183 | €160,491 | +€58,308 | +57.1% |
| Income taxes | 67/77 | €19,561 | €30,601 | +€11,039 | +56.4% |
| Profit (loss) for the period | 9904 | €82,622 | €129,891 | +€47,269 | +57.2% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,622 | €66,741 | -€15,881 | -19.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.