Group EMM: 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 EMM
Largest movements
- Receivables within one year -€1,562
no longer reported in 2025 (was €1,562)
- Tangible fixed assets -€274
down €274 (-46.1%), from €595 to €321
of which Furniture and vehicles: -€220
- Cash +€43
up €43 (+51.0%), from €83 to €126
mainly Receivables within one year (+€1,562) and Depreciation (+€274)
- Profit (loss) carried forward -€1,672
down €1,672 (-14.6%), from -€11,445 to -€13,116
- Other debts -€112
down €112 (-1.3%), from €8,675 to €8,563
- Staff costs -€5,444
no longer reported in 2025 (was €5,444)
- Financial charges -€664
down €664 (-93.9%), from €708 to €44
- Other operating charges -€616
no longer reported in 2025 (was €616)
- Gross operating margin +€528
up €528 (+28.1%), from -€1,882 to -€1,354
- Depreciation -€62
down €62 (-18.5%), from €337 to €274
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 | €2,241 | €447 | -€1,794 | -80.1% |
| Fixed assets | 21/28 | €595 | €321 | -€274 | -46.1% |
| Tangible fixed assets | 22/27 | €595 | €321 | -€274 | -46.1% |
| Plant, machinery and equipment | 23 | €183 | €129 | -€54 | -29.7% |
| Furniture and vehicles | 24 | €412 | €192 | -€220 | -53.4% |
| Current assets | 29/58 | €1,646 | €126 | -€1,520 | -92.3% |
| Amounts receivable within one year | 40/41 | €1,562 | - | -€1,562 | |
| Other amounts receivable | 41 | €1,562 | - | -€1,562 | |
| Cash at bank and in hand | 54/58 | €83 | €126 | +€43 | +51.0% |
| Total equity and liabilities | 10/49 | €2,241 | €447 | -€1,794 | -80.1% |
| Equity | 10/15 | -€6,445 | -€8,116 | -€1,672 | -25.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,445 | -€13,116 | -€1,672 | -14.6% |
| Amounts payable | 17/49 | €8,686 | €8,563 | -€123 | -1.4% |
| Amounts payable within one year | 42/48 | €8,686 | €8,563 | -€123 | -1.4% |
| Taxes, remuneration and social security | 45 | €10 | - | -€10 | |
| Remuneration and social security | 454/9 | €10 | - | -€10 | |
| Other amounts payable | 47/48 | €8,675 | €8,563 | -€112 | -1.3% |
| Remuneration, social security and pensions | 62 | €5,444 | - | -€5,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €274 | -€62 | -18.5% |
| Other operating charges | 640/8 | €616 | - | -€616 | |
| Non-recurring operating charges | 66A | €2,458 | - | -€2,458 | |
| Gross operating margin | 9900 | -€1,882 | -€1,354 | +€528 | +28.1% |
| Operating profit (loss) | 9901 | -€10,737 | -€1,628 | +€9,109 | +84.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €708 | €44 | -€664 | -93.9% |
| Recurring financial charges | 65 | €708 | €44 | -€664 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,445 | -€1,672 | +€9,773 | +85.4% |
| Profit (loss) for the period | 9904 | -€11,445 | -€1,672 | +€9,773 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,445 | -€1,672 | +€9,773 | +85.4% |
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 5 October 2026 via checked.be.