EMVI PROJECTS: 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.
EMVI PROJECTS
Largest movements
- Cash +€50,124
up €50,124 (+208%), from €24,063 to €74,187
mainly Net result for the year (+€118,355) and Depreciation (+€59,413)
- Tangible fixed assets -€34,560
down €34,560 (-4.7%), from €729,343 to €694,783
of which Land and buildings: -€24,750
- Receivables within one year -€19,507
down €19,507 (-17.0%), from €114,430 to €94,923
of which Trade receivables: -€19,411
- Other debts -€123,523
down €123,523 (-88.9%), from €138,874 to €15,351
- Reserves +€118,355
up €118,355 (+1,143%), from €10,357 to €128,712
- Tax, wage and social debts +€46,536
up €46,536 (+73.0%), from €63,729 to €110,265
of which Taxes: +€34,249
- Debts after one year -€29,250
down €29,250 (-6.2%), from €472,900 to €443,650
of which Financial debts: -€29,250
- Trade debts -€13,909
down €13,909 (-69.7%), from €19,957 to €6,048
- Gross operating margin +€355,097
up €355,097 (+132%), from €269,476 to €624,573
- Staff costs +€209,818
up €209,818 (+124%), from €168,664 to €378,481
- Taxes +€46,350
up €46,350 (+715%), from €6,486 to €52,836
- Depreciation +€13,015
up €13,015 (+28.1%), from €46,399 to €59,413
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.
Derived cash bridge
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 | €878,110 | €875,870 | -€2,240 | -0.3% |
| Fixed assets | 21/28 | €729,343 | €694,783 | -€34,560 | -4.7% |
| Tangible fixed assets | 22/27 | €729,343 | €694,783 | -€34,560 | -4.7% |
| Land and buildings | 22 | €618,648 | €593,898 | -€24,750 | -4.0% |
| Plant, machinery and equipment | 23 | €36,631 | €28,409 | -€8,222 | -22.4% |
| Furniture and vehicles | 24 | €70,928 | €70,436 | -€492 | -0.7% |
| Other tangible fixed assets | 26 | €3,136 | €2,040 | -€1,096 | -34.9% |
| Current assets | 29/58 | €148,767 | €181,087 | +€32,320 | +21.7% |
| Amounts receivable within one year | 40/41 | €114,430 | €94,923 | -€19,507 | -17.0% |
| Trade receivables | 40 | €114,334 | €94,923 | -€19,411 | -17.0% |
| Other amounts receivable | 41 | €96 | €0 | -€96 | -100% |
| Cash at bank and in hand | 54/58 | €24,063 | €74,187 | +€50,124 | +208% |
| Deferred charges and accrued income | 490/1 | €10,274 | €11,977 | +€1,703 | +16.6% |
| Total equity and liabilities | 10/49 | €878,110 | €875,870 | -€2,240 | -0.3% |
| Equity | 10/15 | €150,357 | €268,712 | +€118,355 | +78.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €10,357 | €128,712 | +€118,355 | +1,143% |
| Distributable reserves | 133 | €10,357 | €128,712 | +€118,355 | +1,143% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €727,753 | €607,158 | -€120,595 | -16.6% |
| Amounts payable after more than one year | 17 | €472,900 | €443,650 | -€29,250 | -6.2% |
| Financial debts | 170/4 | €468,000 | €438,750 | -€29,250 | -6.3% |
| Other amounts payable | 178/9 | €4,900 | €4,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €251,810 | €160,914 | -€90,897 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €29,250 | €29,250 | = | 0.0% |
| Trade debts | 44 | €19,957 | €6,048 | -€13,909 | -69.7% |
| Suppliers | 440/4 | €19,957 | €6,048 | -€13,909 | -69.7% |
| Taxes, remuneration and social security | 45 | €63,729 | €110,265 | +€46,536 | +73.0% |
| Taxes | 450/3 | €27,742 | €61,991 | +€34,249 | +123% |
| Remuneration and social security | 454/9 | €35,987 | €48,274 | +€12,287 | +34.1% |
| Other amounts payable | 47/48 | €138,874 | €15,351 | -€123,523 | -88.9% |
| Accrued charges and deferred income | 492/3 | €3,042 | €2,594 | -€448 | -14.7% |
| Remuneration, social security and pensions | 62 | €168,664 | €378,481 | +€209,818 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,399 | €59,413 | +€13,015 | +28.1% |
| Other operating charges | 640/8 | €6,209 | €4,769 | -€1,440 | -23.2% |
| Gross operating margin | 9900 | €269,476 | €624,573 | +€355,097 | +132% |
| Operating profit (loss) | 9901 | €48,205 | €181,910 | +€133,705 | +277% |
| Financial income | 75/76B | €51 | €0 | -€51 | -100.0% |
| Recurring financial income | 75 | €51 | €0 | -€51 | -100.0% |
| Financial charges | 65/66B | €9,717 | €10,719 | +€1,001 | +10.3% |
| Recurring financial charges | 65 | €9,717 | €10,719 | +€1,001 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €38,538 | €171,191 | +€132,653 | +344% |
| Income taxes | 67/77 | €6,486 | €52,836 | +€46,350 | +715% |
| Profit (loss) for the period | 9904 | €32,052 | €118,355 | +€86,303 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €32,052 | €118,355 | +€86,303 | +269% |
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 15 October 2026 via checked.be.