EMVEBE: 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.
EMVEBE
Largest movements
- Cash +€75,965
up €75,965 (+331.3%), from €22,933 to €98,898
mainly Net result for the year (+€51,443) and Investment in fixed assets (net) (+€37,748)
- Tangible fixed assets -€37,748
no longer reported in 2025 (was €37,748)
of which Plant, machinery and equipment: -€21,563
- Receivables within one year -€26,521
down €26,521 (-71.9%), from €36,883 to €10,362
of which Trade receivables: -€27,144
- Stocks and contracts -€7,318
no longer reported in 2025 (was €7,318)
- Trade debts -€35,856
down €35,856 (-66.6%), from €53,805 to €17,949
- Reserves +€29,270
new in 2025: €29,270
- Profit (loss) carried forward +€22,174
no longer reported in 2025 (was -€22,174)
- Current portion of long-term debt -€12,558
down €12,558 (-87.2%), from €14,400 to €1,842
- Tax, wage and social debts +€3,919
up €3,919 (+17.2%), from €22,845 to €26,763
of which Taxes: +€8,185
- Gross operating margin +€115,420
up €115,420 (+97.8%), from €117,994 to €233,414
- Taxes +€13,159
new in 2025: €13,159
- Depreciation -€6,268
no longer reported in 2025 (was €6,268)
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 | €105,719 | €109,260 | +€3,540 | +3.3% |
| Fixed assets | 21/28 | €37,748 | - | -€37,748 | |
| Tangible fixed assets | 22/27 | €37,748 | - | -€37,748 | |
| Land and buildings | 22 | €7,538 | - | -€7,538 | |
| Plant, machinery and equipment | 23 | €21,563 | - | -€21,563 | |
| Furniture and vehicles | 24 | €8,647 | - | -€8,647 | |
| Current assets | 29/58 | €67,972 | €109,260 | +€41,288 | +60.7% |
| Stocks and contracts in progress | 3 | €7,318 | - | -€7,318 | |
| Stocks | 30/36 | €7,318 | - | -€7,318 | |
| Amounts receivable within one year | 40/41 | €36,883 | €10,362 | -€26,521 | -71.9% |
| Trade receivables | 40 | €35,684 | €8,540 | -€27,144 | -76.1% |
| Other amounts receivable | 41 | €1,199 | €1,822 | +€623 | +51.9% |
| Cash at bank and in hand | 54/58 | €22,933 | €98,898 | +€75,965 | +331.3% |
| Deferred charges and accrued income | 490/1 | €838 | - | -€838 | |
| Total equity and liabilities | 10/49 | €105,719 | €109,260 | +€3,540 | +3.3% |
| Equity | 10/15 | -€17,674 | €33,770 | +€51,443 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | - | €29,270 | +€29,270 | |
| Distributable reserves | 133 | - | €29,270 | +€29,270 | |
| Profit (loss) carried forward | 14 | -€22,174 | - | +€22,174 | |
| Amounts payable | 17/49 | €123,393 | €75,490 | -€47,903 | -38.8% |
| Amounts payable within one year | 42/48 | €123,393 | €75,490 | -€47,903 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €14,400 | €1,842 | -€12,558 | -87.2% |
| Trade debts | 44 | €53,805 | €17,949 | -€35,856 | -66.6% |
| Suppliers | 440/4 | €53,805 | €17,949 | -€35,856 | -66.6% |
| Advances received on contracts in progress | 46 | €170 | - | -€170 | |
| Taxes, remuneration and social security | 45 | €22,845 | €26,763 | +€3,919 | +17.2% |
| Taxes | 450/3 | €7,304 | €15,488 | +€8,185 | +112.1% |
| Remuneration and social security | 454/9 | €15,541 | €11,275 | -€4,266 | -27.5% |
| Other amounts payable | 47/48 | €32,173 | €28,937 | -€3,237 | -10.1% |
| Remuneration, social security and pensions | 62 | €130,739 | €129,728 | -€1,011 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,268 | - | -€6,268 | |
| Other operating charges | 640/8 | €305 | €307 | +€2 | +0.7% |
| Non-recurring operating charges | 66A | - | €37,748 | +€37,748 | |
| Gross operating margin | 9900 | €117,994 | €233,414 | +€115,420 | +97.8% |
| Operating profit (loss) | 9901 | -€19,317 | €65,631 | +€84,948 | |
| Financial income | 75/76B | €758 | €2 | -€757 | -99.8% |
| Recurring financial income | 75 | €758 | €2 | -€757 | -99.8% |
| Financial charges | 65/66B | €828 | €1,030 | +€203 | +24.5% |
| Recurring financial charges | 65 | €828 | €1,030 | +€203 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,387 | €64,602 | +€83,989 | |
| Income taxes | 67/77 | - | €13,159 | +€13,159 | |
| Profit (loss) for the period | 9904 | -€19,387 | €51,443 | +€70,830 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,387 | €51,443 | +€70,830 |
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 10 October 2026 via checked.be.