EMVE: 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.
EMVE
Largest movements
- Cash -€15,612
down €15,612 (-40.0%), from €39,066 to €23,454
mainly Trade debts (-€11,429) and Contributions, distributions and other (-€11,061)
- Deferred charges and accrued income -€11,213
down €11,213 (-93.8%), from €11,951 to €738
- Trade debts -€11,429
down €11,429 (-96.7%), from €11,816 to €387
- Other debts -€7,176
down €7,176 (-42.4%), from €16,927 to €9,751
- Tax, wage and social debts -€5,402
down €5,402 (-33.9%), from €15,924 to €10,522
of which Taxes: -€5,402
- Profit (loss) carried forward -€4,097
down €4,097, from €0 to -€4,097
- Gross operating margin -€10,618
down €10,618 (-42.4%), from €25,064 to €14,446
- Taxes -€2,773
down €2,773 (-81.8%), from €3,388 to €615
- Depreciation +€1,451
up €1,451 (+107%), from €1,356 to €2,807
- Financial charges -€741
down €741 (-16.9%), from €4,388 to €3,646
- Other operating charges +€315
up €315 (+159%), from €197 to €512
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 | €117,999 | €90,615 | -€27,384 | -23.2% |
| Fixed assets | 21/28 | €66,982 | €66,424 | -€559 | -0.8% |
| Tangible fixed assets | 22/27 | €6,217 | €5,659 | -€559 | -9.0% |
| Plant, machinery and equipment | 23 | €1,092 | €718 | -€375 | -34.3% |
| Furniture and vehicles | 24 | €5,125 | €3,073 | -€2,052 | -40.0% |
| Other tangible fixed assets | 26 | - | €1,868 | +€1,868 | |
| Financial fixed assets | 28 | €60,765 | €60,765 | = | 0.0% |
| Current assets | 29/58 | €51,017 | €24,192 | -€26,825 | -52.6% |
| Cash at bank and in hand | 54/58 | €39,066 | €23,454 | -€15,612 | -40.0% |
| Deferred charges and accrued income | 490/1 | €11,951 | €738 | -€11,213 | -93.8% |
| Total equity and liabilities | 10/49 | €117,999 | €90,615 | -€27,384 | -23.2% |
| Equity | 10/15 | €73,333 | €69,235 | -€4,097 | -5.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €72,833 | €72,833 | = | 0.0% |
| Distributable reserves | 133 | €72,833 | €72,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,097 | -€4,097 | |
| Amounts payable | 17/49 | €44,666 | €21,380 | -€23,286 | -52.1% |
| Amounts payable within one year | 42/48 | €44,666 | €20,659 | -€24,007 | -53.7% |
| Trade debts | 44 | €11,816 | €387 | -€11,429 | -96.7% |
| Suppliers | 440/4 | €11,816 | €387 | -€11,429 | -96.7% |
| Taxes, remuneration and social security | 45 | €15,924 | €10,522 | -€5,402 | -33.9% |
| Taxes | 450/3 | €15,924 | €10,522 | -€5,402 | -33.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,927 | €9,751 | -€7,176 | -42.4% |
| Accrued charges and deferred income | 492/3 | €0 | €721 | +€721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,356 | €2,807 | +€1,451 | +107% |
| Other operating charges | 640/8 | €197 | €512 | +€315 | +159% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,064 | €14,446 | -€10,618 | -42.4% |
| Operating profit (loss) | 9901 | €23,511 | €11,128 | -€12,383 | -52.7% |
| Financial income | 75/76B | €135 | €98 | -€36 | -27.1% |
| Recurring financial income | 75 | €135 | €98 | -€36 | -27.1% |
| Financial charges | 65/66B | €4,388 | €3,646 | -€741 | -16.9% |
| Recurring financial charges | 65 | €4,388 | €3,646 | -€741 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €19,258 | €7,579 | -€11,678 | -60.6% |
| Income taxes | 67/77 | €3,388 | €615 | -€2,773 | -81.8% |
| Profit (loss) for the period | 9904 | €15,869 | €6,964 | -€8,905 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,869 | €6,964 | -€8,905 | -56.1% |
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.