Emvecon: 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.
Emvecon
Largest movements
- Receivables within one year -€25,477
down €25,477 (-65.9%), from €38,656 to €13,179
of which Other amounts receivable: -€29,018
- Tangible fixed assets +€16,235
up €16,235 (+340.8%), from €4,764 to €20,999
of which Furniture and vehicles: +€16,959
- Cash -€10,517
down €10,517 (-12.0%), from €87,486 to €76,968
mainly Contributions, distributions and other (-€34,107) and Investment in fixed assets (net) (-€18,303)
- Reserves -€24,719
down €24,719 (-22.4%), from €110,573 to €85,854
of which Distributable reserves: -€24,719
- Tax, wage and social debts +€4,480
up €4,480 (+225.5%), from €1,987 to €6,467
- Gross operating margin +€15,412
up €15,412 (+4799.3%), from €321 to €15,733
- Taxes +€3,896
up €3,896 (+1135.1%), from €343 to €4,240
- Financial income -€768
down €768 (-48.6%), from €1,581 to €813
- Depreciation +€594
up €594 (+40.3%), from €1,475 to €2,068
- Other operating charges +€242
up €242 (+59.0%), from €410 to €652
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 | €130,906 | €112,199 | -€18,707 | -14.3% |
| Fixed assets | 21/28 | €4,764 | €20,999 | +€16,235 | +340.8% |
| Tangible fixed assets | 22/27 | €4,764 | €20,999 | +€16,235 | +340.8% |
| Furniture and vehicles | 24 | - | €16,959 | +€16,959 | |
| Other tangible fixed assets | 26 | €4,764 | €4,040 | -€724 | -15.2% |
| Current assets | 29/58 | €126,142 | €91,200 | -€34,942 | -27.7% |
| Amounts receivable within one year | 40/41 | €38,656 | €13,179 | -€25,477 | -65.9% |
| Trade receivables | 40 | €9,638 | €13,179 | +€3,541 | +36.7% |
| Other amounts receivable | 41 | €29,018 | - | -€29,018 | |
| Cash at bank and in hand | 54/58 | €87,486 | €76,968 | -€10,517 | -12.0% |
| Deferred charges and accrued income | 490/1 | - | €1,053 | +€1,053 | |
| Total equity and liabilities | 10/49 | €130,906 | €112,199 | -€18,707 | -14.3% |
| Equity | 10/15 | €128,591 | €103,871 | -€24,719 | -19.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €110,573 | €85,854 | -€24,719 | -22.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €108,714 | €83,994 | -€24,719 | -22.7% |
| Profit (loss) carried forward | 14 | -€574 | -€574 | = | 0.0% |
| Amounts payable | 17/49 | €2,315 | €8,328 | +€6,013 | +259.7% |
| Amounts payable within one year | 42/48 | €2,315 | €8,328 | +€6,013 | +259.7% |
| Trade debts | 44 | €328 | €984 | +€656 | +200.0% |
| Suppliers | 440/4 | €328 | €984 | +€656 | +200.0% |
| Taxes, remuneration and social security | 45 | €1,987 | €6,467 | +€4,480 | +225.5% |
| Taxes | 450/3 | €1,987 | €6,467 | +€4,480 | +225.5% |
| Other amounts payable | 47/48 | - | €877 | +€877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,475 | €2,068 | +€594 | +40.3% |
| Other operating charges | 640/8 | €410 | €652 | +€242 | +59.0% |
| Gross operating margin | 9900 | €321 | €15,733 | +€15,412 | +4799.3% |
| Operating profit (loss) | 9901 | -€1,564 | €13,013 | +€14,576 | |
| Financial income | 75/76B | €1,581 | €813 | -€768 | -48.6% |
| Recurring financial income | 75 | €1,581 | €813 | -€768 | -48.6% |
| Financial charges | 65/66B | €248 | €198 | -€50 | -20.0% |
| Recurring financial charges | 65 | €248 | €198 | -€50 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€231 | €13,627 | +€13,858 | |
| Income taxes | 67/77 | €343 | €4,240 | +€3,896 | +1135.1% |
| Profit (loss) for the period | 9904 | -€574 | €9,388 | +€9,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€574 | €9,388 | +€9,962 |
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 2 October 2026 via checked.be.