EMFIP: what changed
EMFIP
Largest movements
- Receivables within one year -€18,500
down €18,500 (-90.6%), from €20,428 to €1,928
- Cash -€313
down €313 (-83.5%), from €374 to €62
mainly Net result for the year (-€21,326)
- Profit (loss) carried forward -€21,326
down €21,326 (-14.4%), from -€148,311 to -€169,636
- Other debts +€2,513
up €2,513 (+15.5%), from €16,241 to €18,753
- Other operating charges +€1,735
up €1,735 (+176%), from €987 to €2,722
- Gross operating margin -€188
down €188 (-1.0%), from -€18,185 to -€18,373
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 | €22,303 | €3,490 | -€18,813 | -84.4% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €20,803 | €1,990 | -€18,813 | -90.4% |
| Amounts receivable within one year | 40/41 | €20,428 | €1,928 | -€18,500 | -90.6% |
| Other amounts receivable | 41 | €20,428 | €1,928 | -€18,500 | -90.6% |
| Cash at bank and in hand | 54/58 | €374 | €62 | -€313 | -83.5% |
| Total equity and liabilities | 10/49 | €22,303 | €3,490 | -€18,813 | -84.4% |
| Equity | 10/15 | €6,062 | -€15,263 | -€21,326 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,173 | €148,173 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €133,313 | €133,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,311 | -€169,636 | -€21,326 | -14.4% |
| Amounts payable | 17/49 | €16,241 | €18,753 | +€2,513 | +15.5% |
| Amounts payable within one year | 42/48 | €16,241 | €18,753 | +€2,513 | +15.5% |
| Other amounts payable | 47/48 | €16,241 | €18,753 | +€2,513 | +15.5% |
| Other operating charges | 640/8 | €987 | €2,722 | +€1,735 | +176% |
| Gross operating margin | 9900 | -€18,185 | -€18,373 | -€188 | -1.0% |
| Operating profit (loss) | 9901 | -€19,172 | -€21,096 | -€1,923 | -10.0% |
| Financial charges | 65/66B | €135 | €230 | +€95 | +71.0% |
| Recurring financial charges | 65 | €135 | €230 | +€95 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,307 | -€21,326 | -€2,019 | -10.5% |
| Profit (loss) for the period | 9904 | -€19,307 | -€21,326 | -€2,019 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,307 | -€21,326 | -€2,019 | -10.5% |
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 4 November 2026 via checked.be.