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
- Tangible fixed assets -€28,126
down €28,126 (-3.0%), from €930,672 to €902,547
of which Land and buildings: -€27,170
- Debts after one year -€27,737
down €27,737 (-15.3%), from €180,806 to €153,069
- Other debts +€25,064
up €25,064 (+11.5%), from €217,991 to €243,055
- Current portion of long-term debt -€13,035
down €13,035 (-32.0%), from €40,772 to €27,737
- Gross operating margin -€4,068
down €4,068 (-9.2%), from €44,338 to €40,270
- Taxes -€1,101
down €1,101 (-20.0%), from €5,503 to €4,402
- Depreciation -€686
down €686 (-2.4%), from €28,812 to €28,126
- Financial charges -€682
down €682 (-21.9%), from €3,109 to €2,427
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 | €932,822 | €911,562 | -€21,260 | -2.3% |
| Fixed assets | 21/28 | €930,672 | €902,547 | -€28,126 | -3.0% |
| Tangible fixed assets | 22/27 | €930,672 | €902,547 | -€28,126 | -3.0% |
| Land and buildings | 22 | €927,869 | €900,699 | -€27,170 | -2.9% |
| Other tangible fixed assets | 26 | €2,803 | €1,848 | -€955 | -34.1% |
| Current assets | 29/58 | €2,150 | €9,015 | +€6,866 | +319.4% |
| Amounts receivable within one year | 40/41 | - | €448 | +€448 | |
| Other amounts receivable | 41 | - | €448 | +€448 | |
| Cash at bank and in hand | 54/58 | €2,150 | €8,567 | +€6,417 | +298.5% |
| Total equity and liabilities | 10/49 | €932,822 | €911,562 | -€21,260 | -2.3% |
| Equity | 10/15 | €417,021 | €418,510 | +€1,489 | +0.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €238,095 | €238,407 | +€312 | +0.1% |
| Tax-exempt reserves | 132 | €206,595 | €198,407 | -€8,188 | -4.0% |
| Distributable reserves | 133 | €31,500 | €40,000 | +€8,500 | +27.0% |
| Profit (loss) carried forward | 14 | €53,925 | €55,103 | +€1,178 | +2.2% |
| Provisions and deferred taxes | 16 | €68,865 | €66,136 | -€2,729 | -4.0% |
| Deferred taxes | 168 | €68,865 | €66,136 | -€2,729 | -4.0% |
| Amounts payable | 17/49 | €446,936 | €426,917 | -€20,020 | -4.5% |
| Amounts payable after more than one year | 17 | €180,806 | €153,069 | -€27,737 | -15.3% |
| Financial debts | 170/4 | €180,806 | €153,069 | -€27,737 | -15.3% |
| Amounts payable within one year | 42/48 | €265,467 | €273,145 | +€7,678 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €40,772 | €27,737 | -€13,035 | -32.0% |
| Trade debts | 44 | €5,202 | - | -€5,202 | |
| Suppliers | 440/4 | €5,202 | - | -€5,202 | |
| Taxes, remuneration and social security | 45 | €1,503 | €2,353 | +€850 | +56.6% |
| Taxes | 450/3 | €1,503 | €2,353 | +€850 | +56.6% |
| Other amounts payable | 47/48 | €217,991 | €243,055 | +€25,064 | +11.5% |
| Accrued charges and deferred income | 492/3 | €663 | €702 | +€40 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,812 | €28,126 | -€686 | -2.4% |
| Other operating charges | 640/8 | €6,373 | €6,555 | +€182 | +2.9% |
| Gross operating margin | 9900 | €44,338 | €40,270 | -€4,068 | -9.2% |
| Operating profit (loss) | 9901 | €9,153 | €5,589 | -€3,564 | -38.9% |
| Financial charges | 65/66B | €3,109 | €2,427 | -€682 | -21.9% |
| Recurring financial charges | 65 | €3,109 | €2,427 | -€682 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €6,044 | €3,162 | -€2,882 | -47.7% |
| Transfer from deferred taxes | 780 | €2,729 | €2,729 | = | 0.0% |
| Income taxes | 67/77 | €5,503 | €4,402 | -€1,101 | -20.0% |
| Profit (loss) for the period | 9904 | €3,270 | €1,489 | -€1,781 | -54.5% |
| Transfer from tax-exempt reserves | 789 | €8,188 | €8,188 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,459 | €9,678 | -€1,781 | -15.5% |
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.