EMI: what changed
What changed
EMI
filed annual accounts (NBB)
Net result for the year
-€282
2025 · €22,101-€22,383
Equity
€294,306
2025 · €294,588-€282
Cash
-
not filed
Balance sheet total
€465,702
2025 · €436,297+€29,405
Largest movements
Assets
- Receivables within one year +€35,103
up €35,103 (+56.6%), from €62,051 to €97,154
- Tangible fixed assets -€7,287
down €7,287 (-2.0%), from €373,029 to €365,742
Equity and liabilities
- Other debts +€26,963
up €26,963 (+24.8%), from €108,574 to €135,537
- Trade debts +€5,050
new in 2026: €5,050
Income statement
- Gross operating margin -€33,113
down €33,113 (-71.8%), from €46,113 to €13,000
- Taxes -€11,083
down €11,083 (-95.3%), from €11,632 to €548
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€22,101
Gross operating margin
-€33,113
Other operating charges
-€3
Financial charges
-€350
Taxes
+€11,083
Result 2026
-€282
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,297 | €465,702 | +€29,405 | +6.7% |
| Fixed assets | 21/28 | €373,029 | €365,742 | -€7,287 | -2.0% |
| Tangible fixed assets | 22/27 | €373,029 | €365,742 | -€7,287 | -2.0% |
| Land and buildings | 22 | €373,029 | €365,742 | -€7,287 | -2.0% |
| Current assets | 29/58 | €63,268 | €99,959 | +€36,692 | +58.0% |
| Amounts receivable within one year | 40/41 | €62,051 | €97,154 | +€35,103 | +56.6% |
| Other amounts receivable | 41 | €62,051 | €97,154 | +€35,103 | +56.6% |
| Deferred charges and accrued income | 490/1 | €1,217 | €2,806 | +€1,589 | +131% |
| Total equity and liabilities | 10/49 | €436,297 | €465,702 | +€29,405 | +6.7% |
| Equity | 10/15 | €294,588 | €294,306 | -€282 | -0.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Contributions outside capital | 11 | €120,000 | €120,000 | = | 0.0% |
| Other | 1109/19 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €174,588 | €174,306 | -€282 | -0.2% |
| Distributable reserves | 133 | €174,588 | €174,306 | -€282 | -0.2% |
| Amounts payable | 17/49 | €141,709 | €171,396 | +€29,687 | +20.9% |
| Amounts payable within one year | 42/48 | €139,643 | €169,329 | +€29,686 | +21.3% |
| Financial debts | 43 | €19,437 | €19,931 | +€494 | +2.5% |
| Credit institutions | 430/8 | €19,437 | €19,931 | +€494 | +2.5% |
| Trade debts | 44 | - | €5,050 | +€5,050 | |
| Suppliers | 440/4 | - | €5,050 | +€5,050 | |
| Taxes, remuneration and social security | 45 | €11,632 | €8,811 | -€2,821 | -24.3% |
| Taxes | 450/3 | €11,632 | €8,811 | -€2,821 | -24.3% |
| Other amounts payable | 47/48 | €108,574 | €135,537 | +€26,963 | +24.8% |
| Accrued charges and deferred income | 492/3 | €2,066 | €2,067 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,287 | €7,287 | = | 0.0% |
| Other operating charges | 640/8 | €3,088 | €3,091 | +€3 | +0.1% |
| Gross operating margin | 9900 | €46,113 | €13,000 | -€33,113 | -71.8% |
| Operating profit (loss) | 9901 | €35,738 | €2,622 | -€33,116 | -92.7% |
| Financial charges | 65/66B | €2,006 | €2,356 | +€350 | +17.5% |
| Recurring financial charges | 65 | €2,006 | €2,356 | +€350 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €33,732 | €266 | -€33,466 | -99.2% |
| Income taxes | 67/77 | €11,632 | €548 | -€11,083 | -95.3% |
| Profit (loss) for the period | 9904 | €22,101 | -€282 | -€22,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,101 | -€282 | -€22,383 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.