emvédee: 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.
emvédee
Largest movements
- Cash -€54,797
down €54,797 (-44.3%), from €123,793 to €68,996
mainly Contributions, distributions and other (-€206,549) and Receivables within one year (-€53,314)
- Receivables within one year +€53,314
up €53,314 (+320.8%), from €16,618 to €69,932
of which Trade receivables: +€54,000
- Tangible fixed assets -€3,572
down €3,572 (-51.2%), from €6,975 to €3,403
- Profit (loss) carried forward -€121,388
down €121,388 (-88.9%), from €136,549 to €15,161
- Other debts +€87,004
up €87,004 (+10728.3%), from €811 to €87,815
- Tax, wage and social debts +€27,873
up €27,873 (+303.6%), from €9,180 to €37,053
- Trade debts +€1,676
up €1,676 (+1519.6%), from €110 to €1,787
- Gross operating margin +€69,061
up €69,061 (+157.9%), from €43,734 to €112,795
- Taxes +€14,760
up €14,760 (+167.2%), from €8,828 to €23,588
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 | €148,150 | €143,316 | -€4,834 | -3.3% |
| Fixed assets | 21/28 | €7,125 | €3,553 | -€3,572 | -50.1% |
| Tangible fixed assets | 22/27 | €6,975 | €3,403 | -€3,572 | -51.2% |
| Furniture and vehicles | 24 | €6,975 | €3,403 | -€3,572 | -51.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €141,025 | €139,762 | -€1,263 | -0.9% |
| Amounts receivable within one year | 40/41 | €16,618 | €69,932 | +€53,314 | +320.8% |
| Trade receivables | 40 | €14,520 | €68,520 | +€54,000 | +371.9% |
| Other amounts receivable | 41 | €2,098 | €1,412 | -€686 | -32.7% |
| Cash at bank and in hand | 54/58 | €123,793 | €68,996 | -€54,797 | -44.3% |
| Deferred charges and accrued income | 490/1 | €615 | €835 | +€220 | +35.8% |
| Total equity and liabilities | 10/49 | €148,150 | €143,316 | -€4,834 | -3.3% |
| Equity | 10/15 | €138,049 | €16,661 | -€121,388 | -87.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,549 | €15,161 | -€121,388 | -88.9% |
| Amounts payable | 17/49 | €10,101 | €126,655 | +€116,554 | +1153.9% |
| Amounts payable within one year | 42/48 | €10,101 | €126,655 | +€116,554 | +1153.9% |
| Trade debts | 44 | €110 | €1,787 | +€1,676 | +1519.6% |
| Suppliers | 440/4 | €110 | €1,787 | +€1,676 | +1519.6% |
| Taxes, remuneration and social security | 45 | €9,180 | €37,053 | +€27,873 | +303.6% |
| Taxes | 450/3 | €9,180 | €37,053 | +€27,873 | +303.6% |
| Other amounts payable | 47/48 | €811 | €87,815 | +€87,004 | +10728.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €3,572 | +€146 | +4.3% |
| Other operating charges | 640/8 | €537 | €150 | -€387 | -72.1% |
| Non-recurring operating charges | 66A | €59 | €138 | +€79 | +133.6% |
| Gross operating margin | 9900 | €43,734 | €112,795 | +€69,061 | +157.9% |
| Operating profit (loss) | 9901 | €39,712 | €108,936 | +€69,224 | +174.3% |
| Financial charges | 65/66B | €138 | €187 | +€49 | +35.3% |
| Recurring financial charges | 65 | €138 | €187 | +€49 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €39,574 | €108,749 | +€69,175 | +174.8% |
| Income taxes | 67/77 | €8,828 | €23,588 | +€14,760 | +167.2% |
| Profit (loss) for the period | 9904 | €30,746 | €85,161 | +€54,415 | +177.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,746 | €85,161 | +€54,415 | +177.0% |
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 9 October 2026 via checked.be.