E.M.E.: what changed
E.M.E.
Largest movements
- Cash +€19,240
up €19,240 (+58.7%), from €32,771 to €52,011
mainly Net result for the year (+€40,785) and Other debts (+€26,584)
- Deferred charges and accrued income +€10,990
up €10,990 (+1,994%), from €551 to €11,541
- Tangible fixed assets -€7,815
down €7,815 (-21.4%), from €36,573 to €28,758
of which Furniture and vehicles: -€6,699
- Other debts +€26,584
up €26,584 (+172%), from €15,501 to €42,084
- Profit (loss) carried forward -€8,451
down €8,451 (-23.0%), from €36,703 to €28,252
- Debts after one year -€5,720
down €5,720 (-34.0%), from €16,836 to €11,116
- Trade debts +€5,476
up €5,476 (+638%), from €859 to €6,334
- Tax, wage and social debts +€4,883
up €4,883 (+46.0%), from €10,605 to €15,488
of which Taxes: +€6,222
- Gross operating margin +€7,357
up €7,357 (+9.5%), from €77,390 to €84,747
- Taxes +€2,277
up €2,277 (+21.0%), from €10,854 to €13,131
- Staff costs +€1,411
up €1,411 (+7.3%), from €19,266 to €20,678
- Depreciation +€1,138
up €1,138 (+17.0%), from €6,677 to €7,815
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,053 | €112,048 | +€22,995 | +25.8% |
| Fixed assets | 21/28 | €36,573 | €28,758 | -€7,815 | -21.4% |
| Tangible fixed assets | 22/27 | €36,573 | €28,758 | -€7,815 | -21.4% |
| Furniture and vehicles | 24 | €25,605 | €18,906 | -€6,699 | -26.2% |
| Other tangible fixed assets | 26 | €10,968 | €9,852 | -€1,116 | -10.2% |
| Current assets | 29/58 | €52,480 | €83,290 | +€30,810 | +58.7% |
| Amounts receivable within one year | 40/41 | €19,158 | €19,737 | +€579 | +3.0% |
| Trade receivables | 40 | €19,158 | €19,737 | +€579 | +3.0% |
| Cash at bank and in hand | 54/58 | €32,771 | €52,011 | +€19,240 | +58.7% |
| Deferred charges and accrued income | 490/1 | €551 | €11,541 | +€10,990 | +1,994% |
| Total equity and liabilities | 10/49 | €89,053 | €112,048 | +€22,995 | +25.8% |
| Equity | 10/15 | €37,703 | €29,252 | -€8,451 | -22.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,703 | €28,252 | -€8,451 | -23.0% |
| Amounts payable | 17/49 | €51,350 | €82,796 | +€31,446 | +61.2% |
| Amounts payable after more than one year | 17 | €16,836 | €11,116 | -€5,720 | -34.0% |
| Financial debts | 170/4 | €16,836 | €11,116 | -€5,720 | -34.0% |
| Amounts payable within one year | 42/48 | €34,514 | €71,680 | +€37,166 | +108% |
| Current portion of amounts payable after more than one year | 42 | €7,550 | €7,773 | +€223 | +3.0% |
| Trade debts | 44 | €859 | €6,334 | +€5,476 | +638% |
| Suppliers | 440/4 | €859 | €6,334 | +€5,476 | +638% |
| Taxes, remuneration and social security | 45 | €10,605 | €15,488 | +€4,883 | +46.0% |
| Taxes | 450/3 | €6,721 | €12,943 | +€6,222 | +92.6% |
| Remuneration and social security | 454/9 | €3,883 | €2,545 | -€1,339 | -34.5% |
| Other amounts payable | 47/48 | €15,501 | €42,084 | +€26,584 | +172% |
| Remuneration, social security and pensions | 62 | €19,266 | €20,678 | +€1,411 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,677 | €7,815 | +€1,138 | +17.0% |
| Other operating charges | 640/8 | €1,815 | €1,139 | -€676 | -37.3% |
| Gross operating margin | 9900 | €77,390 | €84,747 | +€7,357 | +9.5% |
| Operating profit (loss) | 9901 | €49,632 | €55,116 | +€5,484 | +11.0% |
| Financial income | 75/76B | €59 | €208 | +€149 | +252% |
| Recurring financial income | 75 | €59 | €208 | +€149 | +252% |
| Financial charges | 65/66B | €1,795 | €1,408 | -€387 | -21.6% |
| Recurring financial charges | 65 | €1,795 | €1,408 | -€387 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €47,896 | €53,916 | +€6,020 | +12.6% |
| Income taxes | 67/77 | €10,854 | €13,131 | +€2,277 | +21.0% |
| Profit (loss) for the period | 9904 | €37,042 | €40,785 | +€3,743 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,042 | €40,785 | +€3,743 | +10.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.