EMY: 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.
EMY
Largest movements
- Cash +€25,004
up €25,004 (+92.8%), from €26,942 to €51,946
mainly Net result for the year (+€24,778) and Depreciation (+€17,947)
- Intangible fixed assets -€14,500
down €14,500 (-36.4%), from €39,875 to €25,375
- Stocks and contracts +€4,111
up €4,111 (+34.9%), from €11,782 to €15,892
- Tangible fixed assets -€3,447
down €3,447 (-37.1%), from €9,287 to €5,840
of which Other tangible fixed assets: -€3,337
- Receivables within one year -€2,880
down €2,880 (-62.1%), from €4,640 to €1,759
of which Trade receivables: -€2,885
- Profit (loss) carried forward +€24,694
up €24,694 (+39.3%), from -€62,798 to -€38,104
- Other debts -€15,632
down €15,632 (-21.3%), from €73,421 to €57,789
- Debts after one year -€7,268
down €7,268 (-33.6%), from €21,626 to €14,359
- Tax, wage and social debts +€6,389
up €6,389 (+24.4%), from €26,171 to €32,560
of which Remuneration and social security: +€5,777
- Gross operating margin +€18,151
up €18,151 (+10.9%), from €166,670 to €184,821
- Staff costs -€14,854
down €14,854 (-9.7%), from €153,011 to €138,157
- Other operating charges -€2,576
down €2,576 (-55.9%), from €4,610 to €2,034
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 | €95,802 | €105,019 | +€9,216 | +9.6% |
| Fixed assets | 21/28 | €52,362 | €34,415 | -€17,947 | -34.3% |
| Intangible fixed assets | 21 | €39,875 | €25,375 | -€14,500 | -36.4% |
| Tangible fixed assets | 22/27 | €9,287 | €5,840 | -€3,447 | -37.1% |
| Plant, machinery and equipment | 23 | €110 | - | -€110 | |
| Other tangible fixed assets | 26 | €9,178 | €5,840 | -€3,337 | -36.4% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €43,440 | €70,603 | +€27,163 | +62.5% |
| Stocks and contracts in progress | 3 | €11,782 | €15,892 | +€4,111 | +34.9% |
| Stocks | 30/36 | €11,782 | €15,892 | +€4,111 | +34.9% |
| Amounts receivable within one year | 40/41 | €4,640 | €1,759 | -€2,880 | -62.1% |
| Trade receivables | 40 | €4,640 | €1,755 | -€2,885 | -62.2% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €26,942 | €51,946 | +€25,004 | +92.8% |
| Deferred charges and accrued income | 490/1 | €77 | €1,006 | +€929 | +1203.4% |
| Total equity and liabilities | 10/49 | €95,802 | €105,019 | +€9,216 | +9.6% |
| Equity | 10/15 | -€50,398 | -€25,704 | +€24,694 | +49.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,798 | -€38,104 | +€24,694 | +39.3% |
| Amounts payable | 17/49 | €146,200 | €130,722 | -€15,478 | -10.6% |
| Amounts payable after more than one year | 17 | €21,626 | €14,359 | -€7,268 | -33.6% |
| Financial debts | 170/4 | €21,626 | €14,359 | -€7,268 | -33.6% |
| Amounts payable within one year | 42/48 | €124,574 | €116,363 | -€8,210 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €7,118 | €7,268 | +€149 | +2.1% |
| Trade debts | 44 | €17,863 | €18,746 | +€883 | +4.9% |
| Suppliers | 440/4 | €17,863 | €18,746 | +€883 | +4.9% |
| Taxes, remuneration and social security | 45 | €26,171 | €32,560 | +€6,389 | +24.4% |
| Taxes | 450/3 | €14,928 | €15,540 | +€612 | +4.1% |
| Remuneration and social security | 454/9 | €11,243 | €17,021 | +€5,777 | +51.4% |
| Other amounts payable | 47/48 | €73,421 | €57,789 | -€15,632 | -21.3% |
| Remuneration, social security and pensions | 62 | €153,011 | €138,157 | -€14,854 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,388 | €17,947 | -€441 | -2.4% |
| Other operating charges | 640/8 | €4,610 | €2,034 | -€2,576 | -55.9% |
| Gross operating margin | 9900 | €166,670 | €184,821 | +€18,151 | +10.9% |
| Operating profit (loss) | 9901 | -€9,339 | €26,684 | +€36,023 | |
| Financial income | 75/76B | €9 | €1 | -€7 | -85.1% |
| Recurring financial income | 75 | €9 | €1 | -€7 | -85.1% |
| Financial charges | 65/66B | €2,039 | €1,766 | -€273 | -13.4% |
| Recurring financial charges | 65 | €2,039 | €1,766 | -€273 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,369 | €24,919 | +€36,288 | |
| Income taxes | 67/77 | -€732 | €141 | +€873 | |
| Profit (loss) for the period | 9904 | -€10,637 | €24,778 | +€35,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,637 | €24,778 | +€35,415 |
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 1 October 2026 via checked.be.