EMVE: 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.
EMVE
Largest movements
- Tangible fixed assets +€3,845
new in 2025: €3,845
- Receivables within one year -€2,637
down €2,637 (-47.7%), from €5,527 to €2,890
of which Trade receivables: -€2,410
- Cash -€1,570
down €1,570 (-5.5%), from €28,574 to €27,004
mainly Other debts (-€5,708) and Investment in fixed assets (net) (-€4,246)
- Stocks and contracts +€398
up €398 (+11.0%), from €3,618 to €4,016
- Debts after one year +€6,414
up €6,414 (+16.0%), from €40,000 to €46,414
- Other debts -€5,708
no longer reported in 2025 (was €5,708)
- Accrued charges and deferred income +€2,063
up €2,063 (+229.3%), from €900 to €2,963
- Profit (loss) carried forward -€1,672
down €1,672 (-5.9%), from -€28,142 to -€29,814
- Trade debts -€1,049
down €1,049 (-56.1%), from €1,871 to €821
- Gross operating margin +€542
up €542 (+15.8%), from €3,428 to €3,970
- Depreciation +€401
new in 2025: €401
- Other operating charges +€312
up €312 (+16.2%), from €1,928 to €2,240
- Financial charges +€186
up €186 (+20.1%), from €928 to €1,114
- Financial income +€56
up €56 (+260.0%), from €22 to €78
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 | €38,928 | €38,976 | +€48 | +0.1% |
| Fixed assets | 21/28 | €560 | €4,405 | +€3,845 | +686.1% |
| Tangible fixed assets | 22/27 | - | €3,845 | +€3,845 | |
| Other tangible fixed assets | 26 | - | €3,845 | +€3,845 | |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €38,367 | €34,571 | -€3,797 | -9.9% |
| Stocks and contracts in progress | 3 | €3,618 | €4,016 | +€398 | +11.0% |
| Stocks | 30/36 | €3,618 | €4,016 | +€398 | +11.0% |
| Amounts receivable within one year | 40/41 | €5,527 | €2,890 | -€2,637 | -47.7% |
| Trade receivables | 40 | €4,120 | €1,710 | -€2,410 | -58.5% |
| Other amounts receivable | 41 | €1,407 | €1,180 | -€227 | -16.1% |
| Cash at bank and in hand | 54/58 | €28,574 | €27,004 | -€1,570 | -5.5% |
| Deferred charges and accrued income | 490/1 | €649 | €662 | +€13 | +2.0% |
| Total equity and liabilities | 10/49 | €38,928 | €38,976 | +€48 | +0.1% |
| Equity | 10/15 | -€9,550 | -€11,222 | -€1,672 | -17.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,142 | -€29,814 | -€1,672 | -5.9% |
| Amounts payable | 17/49 | €48,478 | €50,199 | +€1,720 | +3.5% |
| Amounts payable after more than one year | 17 | €40,000 | €46,414 | +€6,414 | +16.0% |
| Other amounts payable | 178/9 | €40,000 | €46,414 | +€6,414 | +16.0% |
| Amounts payable within one year | 42/48 | €7,578 | €821 | -€6,757 | -89.2% |
| Trade debts | 44 | €1,871 | €821 | -€1,049 | -56.1% |
| Suppliers | 440/4 | €1,871 | €821 | -€1,049 | -56.1% |
| Other amounts payable | 47/48 | €5,708 | - | -€5,708 | |
| Accrued charges and deferred income | 492/3 | €900 | €2,963 | +€2,063 | +229.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €401 | +€401 | |
| Other operating charges | 640/8 | €1,928 | €2,240 | +€312 | +16.2% |
| Non-recurring operating charges | 66A | - | €1,965 | +€1,965 | |
| Gross operating margin | 9900 | €3,428 | €3,970 | +€542 | +15.8% |
| Operating profit (loss) | 9901 | €1,500 | -€636 | -€2,136 | |
| Financial income | 75/76B | €22 | €78 | +€56 | +260.0% |
| Recurring financial income | 75 | €22 | €78 | +€56 | +260.0% |
| Financial charges | 65/66B | €928 | €1,114 | +€186 | +20.1% |
| Recurring financial charges | 65 | €928 | €1,114 | +€186 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €594 | -€1,672 | -€2,266 | |
| Profit (loss) for the period | 9904 | €594 | -€1,672 | -€2,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €594 | -€1,672 | -€2,266 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.