EURO - EMKA: 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.
EURO - EMKA
Largest movements
- Cash +€14,926
up €14,926 (+23.9%), from €62,442 to €77,368
mainly Depreciation (+€12,857) and Net result for the year (+€8,098)
- Tangible fixed assets -€9,447
down €9,447 (-24.2%), from €38,990 to €29,543
of which Plant, machinery and equipment: -€7,604
- Receivables within one year +€3,841
up €3,841 (+7.2%), from €53,515 to €57,356
- Profit (loss) carried forward +€8,098
up €8,098 (+14.6%), from -€55,441 to -€47,343
- Trade debts -€7,433
down €7,433 (-36.0%), from €20,662 to €13,229
- Debts after one year +€6,732
up €6,732 (+3.9%), from €173,918 to €180,650
- Tax, wage and social debts +€2,073
up €2,073 (+102%), from €2,034 to €4,108
- Taxes -€5,204
no longer reported in 2025 (was €5,204)
- Gross operating margin +€3,648
up €3,648 (+19.0%), from €19,155 to €22,803
- Depreciation +€1,059
up €1,059 (+9.0%), from €11,798 to €12,857
- Other operating charges +€931
up €931 (+185%), from €502 to €1,433
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 | €172,353 | €181,680 | +€9,327 | +5.4% |
| Fixed assets | 21/28 | €41,447 | €32,000 | -€9,447 | -22.8% |
| Tangible fixed assets | 22/27 | €38,990 | €29,543 | -€9,447 | -24.2% |
| Plant, machinery and equipment | 23 | €29,608 | €22,004 | -€7,604 | -25.7% |
| Furniture and vehicles | 24 | €1,030 | €768 | -€262 | -25.4% |
| Other tangible fixed assets | 26 | €8,352 | €6,771 | -€1,582 | -18.9% |
| Financial fixed assets | 28 | €2,457 | €2,457 | = | 0.0% |
| Current assets | 29/58 | €130,906 | €149,680 | +€18,774 | +14.3% |
| Stocks and contracts in progress | 3 | €5,745 | €5,955 | +€210 | +3.7% |
| Stocks | 30/36 | €5,745 | €5,955 | +€210 | +3.7% |
| Amounts receivable within one year | 40/41 | €53,515 | €57,356 | +€3,841 | +7.2% |
| Trade receivables | 40 | €53,515 | €57,356 | +€3,841 | +7.2% |
| Cash at bank and in hand | 54/58 | €62,442 | €77,368 | +€14,926 | +23.9% |
| Deferred charges and accrued income | 490/1 | €9,204 | €9,002 | -€203 | -2.2% |
| Total equity and liabilities | 10/49 | €172,353 | €181,680 | +€9,327 | +5.4% |
| Equity | 10/15 | -€24,455 | -€16,356 | +€8,098 | +33.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,441 | -€47,343 | +€8,098 | +14.6% |
| Amounts payable | 17/49 | €196,807 | €198,036 | +€1,229 | +0.6% |
| Amounts payable after more than one year | 17 | €173,918 | €180,650 | +€6,732 | +3.9% |
| Financial debts | 170/4 | €173,918 | €180,650 | +€6,732 | +3.9% |
| Amounts payable within one year | 42/48 | €22,696 | €17,337 | -€5,359 | -23.6% |
| Trade debts | 44 | €20,662 | €13,229 | -€7,433 | -36.0% |
| Suppliers | 440/4 | €20,662 | €13,229 | -€7,433 | -36.0% |
| Taxes, remuneration and social security | 45 | €2,034 | €4,108 | +€2,073 | +102% |
| Taxes | 450/3 | €2,034 | €4,108 | +€2,073 | +102% |
| Accrued charges and deferred income | 492/3 | €193 | €50 | -€143 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,798 | €12,857 | +€1,059 | +9.0% |
| Other operating charges | 640/8 | €502 | €1,433 | +€931 | +185% |
| Gross operating margin | 9900 | €19,155 | €22,803 | +€3,648 | +19.0% |
| Operating profit (loss) | 9901 | €6,855 | €8,513 | +€1,658 | +24.2% |
| Financial income | 75/76B | €3 | €6 | +€3 | +99.0% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +99.0% |
| Financial charges | 65/66B | €307 | €421 | +€114 | +37.0% |
| Recurring financial charges | 65 | €307 | €421 | +€114 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €6,551 | €8,098 | +€1,548 | +23.6% |
| Income taxes | 67/77 | €5,204 | - | -€5,204 | |
| Profit (loss) for the period | 9904 | €1,346 | €8,098 | +€6,752 | +501% |
| Profit (loss) for the period to be appropriated | 9905 | €1,346 | €8,098 | +€6,752 | +501% |
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 29 October 2026 via checked.be.