GROUP EMJAY: 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.
GROUP EMJAY
Largest movements
- Cash -€473,751
down €473,751 (-88.3%), from €536,564 to €62,813
mainly Receivables within one year (-€220,301) and Stocks and contracts (-€108,270)
- Receivables within one year +€220,301
up €220,301 (+79.8%), from €276,197 to €496,498
of which Other amounts receivable: +€289,857
- Stocks and contracts +€108,270
up €108,270 (+14.4%), from €751,901 to €860,171
of which Stocks: +€79,790
- Tangible fixed assets -€25,890
down €25,890 (-10.4%), from €249,998 to €224,108
of which Other tangible fixed assets: -€38,120
- Other debts -€57,201
down €57,201 (-5.2%), from €1.1m to €1.0m
- Debts after one year -€53,382
down €53,382 (-6.6%), from €806,019 to €752,638
of which Financial debts: -€53,382
- Profit (loss) carried forward -€32,680
down €32,680 (-3.3%), from -€985,220 to -€1.0m
- Tax, wage and social debts -€20,050
down €20,050 (-87.8%), from €22,829 to €2,779
of which Taxes: -€20,854
- Gross operating margin -€213,596
down €213,596 (-68.7%), from €311,106 to €97,510
- Other operating charges -€46,234
down €46,234 (-67.4%), from €68,630 to €22,396
- Staff costs +€22,474
up €22,474 (+156.9%), from €14,327 to €36,801
- Taxes +€10,804
up €10,804 (+5149.4%), from €210 to €11,013
- Depreciation +€5,016
up €5,016 (+10.0%), from €50,222 to €55,238
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 | €1,822,493 | €1,651,970 | -€170,523 | -9.4% |
| Fixed assets | 21/28 | €249,998 | €224,108 | -€25,890 | -10.4% |
| Tangible fixed assets | 22/27 | €249,998 | €224,108 | -€25,890 | -10.4% |
| Land and buildings | 22 | €41,500 | €31,785 | -€9,716 | -23.4% |
| Plant, machinery and equipment | 23 | €4,714 | €3,522 | -€1,192 | -25.3% |
| Furniture and vehicles | 24 | - | €23,138 | +€23,138 | |
| Other tangible fixed assets | 26 | €203,784 | €165,664 | -€38,120 | -18.7% |
| Current assets | 29/58 | €1,572,495 | €1,427,862 | -€144,633 | -9.2% |
| Stocks and contracts in progress | 3 | €751,901 | €860,171 | +€108,270 | +14.4% |
| Stocks | 30/36 | €520,460 | €600,250 | +€79,790 | +15.3% |
| Contracts in progress | 37 | €231,441 | €259,921 | +€28,480 | +12.3% |
| Amounts receivable within one year | 40/41 | €276,197 | €496,498 | +€220,301 | +79.8% |
| Trade receivables | 40 | €73,912 | €4,356 | -€69,556 | -94.1% |
| Other amounts receivable | 41 | €202,285 | €492,142 | +€289,857 | +143.3% |
| Cash at bank and in hand | 54/58 | €536,564 | €62,813 | -€473,751 | -88.3% |
| Deferred charges and accrued income | 490/1 | €7,832 | €8,379 | +€547 | +7.0% |
| Total equity and liabilities | 10/49 | €1,822,493 | €1,651,970 | -€170,523 | -9.4% |
| Equity | 10/15 | -€186,377 | -€219,057 | -€32,680 | -17.5% |
| Contributions | 10/11 | €748,592 | €748,592 | = | 0.0% |
| Outside capital | 11 | €748,592 | €748,592 | = | 0.0% |
| Other | 1109/19 | €748,592 | €748,592 | = | 0.0% |
| Reserves | 13 | €50,250 | €50,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,500 | €31,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€985,220 | -€1,017,900 | -€32,680 | -3.3% |
| Amounts payable | 17/49 | €2,008,870 | €1,871,027 | -€137,843 | -6.9% |
| Amounts payable after more than one year | 17 | €806,019 | €752,638 | -€53,382 | -6.6% |
| Financial debts | 170/4 | €805,869 | €752,488 | -€53,382 | -6.6% |
| Other amounts payable | 178/9 | €150 | €150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,202,850 | €1,118,389 | -€84,461 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €52,657 | €53,382 | +€725 | +1.4% |
| Trade debts | 44 | €21,104 | €13,170 | -€7,935 | -37.6% |
| Suppliers | 440/4 | €21,104 | €13,170 | -€7,935 | -37.6% |
| Taxes, remuneration and social security | 45 | €22,829 | €2,779 | -€20,050 | -87.8% |
| Taxes | 450/3 | €22,035 | €1,181 | -€20,854 | -94.6% |
| Remuneration and social security | 454/9 | €794 | €1,598 | +€804 | +101.3% |
| Other amounts payable | 47/48 | €1,106,261 | €1,049,059 | -€57,201 | -5.2% |
| Remuneration, social security and pensions | 62 | €14,327 | €36,801 | +€22,474 | +156.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,222 | €55,238 | +€5,016 | +10.0% |
| Other operating charges | 640/8 | €68,630 | €22,396 | -€46,234 | -67.4% |
| Gross operating margin | 9900 | €311,106 | €97,510 | -€213,596 | -68.7% |
| Operating profit (loss) | 9901 | €177,927 | -€16,924 | -€194,852 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €5,487 | €4,745 | -€742 | -13.5% |
| Recurring financial charges | 65 | €5,487 | €4,745 | -€742 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €172,440 | -€21,666 | -€194,107 | |
| Income taxes | 67/77 | €210 | €11,013 | +€10,804 | +5149.4% |
| Profit (loss) for the period | 9904 | €172,230 | -€32,680 | -€204,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,230 | -€32,680 | -€204,910 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.