EMZY: what changed
EMZY
Largest movements
- Cash -€33,386
down €33,386 (-90.1%), from €37,043 to €3,657
mainly Debts after one year (-€30,442) and Receivables within one year (-€12,204)
- Tangible fixed assets -€19,452
down €19,452 (-4.9%), from €400,606 to €381,154
of which Land and buildings: -€20,750
- Receivables within one year +€12,204
up €12,204 (+87.9%), from €13,890 to €26,094
of which Trade receivables: +€10,890
- Debts after one year -€30,442
down €30,442 (-6.7%), from €456,682 to €426,240
- Profit (loss) carried forward -€4,855
down €4,855 (-15.4%), from -€31,434 to -€36,289
- Gross operating margin +€10,886
up €10,886 (+35.3%), from €30,866 to €41,753
- Depreciation -€2,773
down €2,773 (-8.5%), from €32,594 to €29,822
- Financial charges +€1,278
up €1,278 (+8.9%), from €14,292 to €15,570
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,254 | €411,896 | -€40,358 | -8.9% |
| Fixed assets | 21/28 | €400,606 | €381,154 | -€19,452 | -4.9% |
| Tangible fixed assets | 22/27 | €400,606 | €381,154 | -€19,452 | -4.9% |
| Land and buildings | 22 | €387,542 | €366,792 | -€20,750 | -5.4% |
| Plant, machinery and equipment | 23 | €7,915 | €1,062 | -€6,853 | -86.6% |
| Furniture and vehicles | 24 | €5,149 | €13,300 | +€8,151 | +158% |
| Current assets | 29/58 | €51,649 | €30,743 | -€20,906 | -40.5% |
| Amounts receivable within one year | 40/41 | €13,890 | €26,094 | +€12,204 | +87.9% |
| Trade receivables | 40 | €13,890 | €24,780 | +€10,890 | +78.4% |
| Other amounts receivable | 41 | - | €1,314 | +€1,314 | |
| Cash at bank and in hand | 54/58 | €37,043 | €3,657 | -€33,386 | -90.1% |
| Deferred charges and accrued income | 490/1 | €716 | €993 | +€277 | +38.7% |
| Total equity and liabilities | 10/49 | €452,254 | €411,896 | -€40,358 | -8.9% |
| Equity | 10/15 | -€28,434 | -€33,289 | -€4,855 | -17.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€31,434 | -€36,289 | -€4,855 | -15.4% |
| Amounts payable | 17/49 | €480,688 | €445,185 | -€35,503 | -7.4% |
| Amounts payable after more than one year | 17 | €456,682 | €426,240 | -€30,442 | -6.7% |
| Financial debts | 170/4 | €456,682 | €426,240 | -€30,442 | -6.7% |
| Amounts payable within one year | 42/48 | €24,006 | €18,945 | -€5,061 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €14,757 | €15,442 | +€685 | +4.6% |
| Trade debts | 44 | €1,422 | €212 | -€1,210 | -85.1% |
| Suppliers | 440/4 | €1,422 | €212 | -€1,210 | -85.1% |
| Taxes, remuneration and social security | 45 | €1,491 | €1,445 | -€46 | -3.1% |
| Taxes | 450/3 | €1,491 | €1,445 | -€46 | -3.1% |
| Other amounts payable | 47/48 | €6,336 | €1,847 | -€4,489 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,594 | €29,822 | -€2,773 | -8.5% |
| Other operating charges | 640/8 | €1,116 | €1,216 | +€100 | +9.0% |
| Gross operating margin | 9900 | €30,866 | €41,753 | +€10,886 | +35.3% |
| Operating profit (loss) | 9901 | -€2,844 | €10,715 | +€13,559 | |
| Financial charges | 65/66B | €14,292 | €15,570 | +€1,278 | +8.9% |
| Recurring financial charges | 65 | €14,292 | €15,570 | +€1,278 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,136 | -€4,855 | +€12,281 | +71.7% |
| Profit (loss) for the period | 9904 | -€17,136 | -€4,855 | +€12,281 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,136 | -€4,855 | +€12,281 | +71.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.