EMCO: 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.
EMCO
Largest movements
- Cash -€298,035
down €298,035 (-79.0%), from €377,441 to €79,406
mainly Contributions, distributions and other (-€285,714) and Net result for the year (-€58,378)
- Tangible fixed assets -€33,090
down €33,090 (-30.7%), from €107,766 to €74,677
of which Furniture and vehicles: -€28,013
- Receivables within one year -€18,039
down €18,039 (-82.5%), from €21,871 to €3,833
of which Trade receivables: -€20,966
- Reserves -€343,755
down €343,755 (-69.7%), from €493,231 to €149,477
- Gross operating margin -€110,741
down €110,741, from €89,756 to -€20,985
- Taxes -€13,307
down €13,307 (-89.5%), from €14,860 to €1,553
- Depreciation -€8,046
down €8,046 (-22.3%), from €36,059 to €28,013
- Financial income -€6,541
down €6,541 (-96.0%), from €6,813 to €271
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 | €509,393 | €158,225 | -€351,168 | -68.9% |
| Fixed assets | 21/28 | €107,766 | €74,677 | -€33,090 | -30.7% |
| Tangible fixed assets | 22/27 | €107,766 | €74,677 | -€33,090 | -30.7% |
| Land and buildings | 22 | €2,211 | €0 | -€2,211 | -100% |
| Plant, machinery and equipment | 23 | €2,865 | €0 | -€2,865 | -100% |
| Furniture and vehicles | 24 | €102,690 | €74,677 | -€28,013 | -27.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €401,627 | €83,548 | -€318,079 | -79.2% |
| Amounts receivable within one year | 40/41 | €21,871 | €3,833 | -€18,039 | -82.5% |
| Trade receivables | 40 | €20,966 | €0 | -€20,966 | -100% |
| Other amounts receivable | 41 | €905 | €3,833 | +€2,928 | +323% |
| Cash at bank and in hand | 54/58 | €377,441 | €79,406 | -€298,035 | -79.0% |
| Deferred charges and accrued income | 490/1 | €2,314 | €309 | -€2,005 | -86.6% |
| Total equity and liabilities | 10/49 | €509,393 | €158,225 | -€351,168 | -68.9% |
| Equity | 10/15 | €499,431 | €155,339 | -€344,092 | -68.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €493,231 | €149,477 | -€343,755 | -69.7% |
| Distributable reserves | 133 | €493,231 | €149,477 | -€343,755 | -69.7% |
| Profit (loss) carried forward | 14 | €0 | -€337 | -€337 | |
| Amounts payable | 17/49 | €9,962 | €2,885 | -€7,076 | -71.0% |
| Amounts payable within one year | 42/48 | €9,962 | €2,885 | -€7,076 | -71.0% |
| Trade debts | 44 | €2,620 | €1,772 | -€848 | -32.4% |
| Suppliers | 440/4 | €2,620 | €1,772 | -€848 | -32.4% |
| Taxes, remuneration and social security | 45 | €5,676 | €1,114 | -€4,562 | -80.4% |
| Taxes | 450/3 | €5,676 | €1,114 | -€4,562 | -80.4% |
| Other amounts payable | 47/48 | €1,666 | €0 | -€1,666 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,059 | €28,013 | -€8,046 | -22.3% |
| Other operating charges | 640/8 | €2,329 | €2,854 | +€524 | +22.5% |
| Non-recurring operating charges | 66A | - | €5,076 | +€5,076 | |
| Gross operating margin | 9900 | €89,756 | -€20,985 | -€110,741 | |
| Operating profit (loss) | 9901 | €51,368 | -€56,928 | -€108,296 | |
| Financial income | 75/76B | €6,813 | €271 | -€6,541 | -96.0% |
| Recurring financial income | 75 | €6,813 | €271 | -€6,541 | -96.0% |
| Financial charges | 65/66B | €143 | €168 | +€25 | +17.4% |
| Recurring financial charges | 65 | €143 | €168 | +€25 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €58,037 | -€56,824 | -€114,862 | |
| Income taxes | 67/77 | €14,860 | €1,553 | -€13,307 | -89.5% |
| Profit (loss) for the period | 9904 | €43,177 | -€58,378 | -€101,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,177 | -€58,378 | -€101,555 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.