EMLA: what changed
What changed
EMLA
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€5,874
2024 · -€5,352-€522
Equity
€14,278
2024 · €20,152-€5,874
Cash
€85
2024 · €635-€550
Balance sheet total
€375,625
2024 · €389,350-€13,726
Largest movements
Assets
- Receivables within one year -€13,176
down €13,176 (-45.9%), from €28,684 to €15,508
of which Trade receivables: -€13,227
Equity and liabilities
- Other debts -€7,425
down €7,425 (-2.1%), from €360,539 to €353,114
- Profit (loss) carried forward -€5,874
new in 2025: -€5,874
Income statement
- Gross operating margin -€9,473
down €9,473, from €5,128 to -€4,345
- Other operating charges -€8,754
down €8,754 (-87.6%), from €9,992 to €1,238
- Financial charges -€196
down €196 (-40.3%), from €488 to €291
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.
Result 2024
-€5,352
Gross operating margin
-€9,473
Other operating charges
+€8,754
Financial income
-€0
Financial charges
+€196
Result 2025
-€5,874
raises the resultlowers the result
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.
From operations
+€1,449
Investment
€0
Financing
-€1,999
Cash 2024
€635
From operations (derived)
+€1,449
Net result for the year
-€5,874
Receivables within one year
+€13,176
Trade debts
+€1,577
Tax, wage and social debts
-€34
Other debts
-€7,425
Accrued charges and deferred income
+€30
Financing
-€1,999
Current portion of long-term debt
-€1,999
Cash 2025
€85
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,350 | €375,625 | -€13,726 | -3.5% |
| Fixed assets | 21/28 | €360,032 | €360,032 | = | 0.0% |
| Financial fixed assets | 28 | €360,032 | €360,032 | = | 0.0% |
| Current assets | 29/58 | €29,319 | €15,593 | -€13,726 | -46.8% |
| Amounts receivable within one year | 40/41 | €28,684 | €15,508 | -€13,176 | -45.9% |
| Trade receivables | 40 | €28,679 | €15,452 | -€13,227 | -46.1% |
| Other amounts receivable | 41 | €5 | €57 | +€52 | +1,023% |
| Cash at bank and in hand | 54/58 | €635 | €85 | -€550 | -86.6% |
| Total equity and liabilities | 10/49 | €389,350 | €375,625 | -€13,726 | -3.5% |
| Equity | 10/15 | €20,152 | €14,278 | -€5,874 | -29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €152 | €152 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,874 | -€5,874 | |
| Amounts payable | 17/49 | €369,198 | €361,347 | -€7,852 | -2.1% |
| Amounts payable within one year | 42/48 | €367,658 | €359,777 | -€7,882 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €2,291 | €292 | -€1,999 | -87.2% |
| Trade debts | 44 | €4,794 | €6,370 | +€1,577 | +32.9% |
| Suppliers | 440/4 | €4,794 | €6,370 | +€1,577 | +32.9% |
| Taxes, remuneration and social security | 45 | €34 | - | -€34 | |
| Taxes | 450/3 | €34 | - | -€34 | |
| Other amounts payable | 47/48 | €360,539 | €353,114 | -€7,425 | -2.1% |
| Accrued charges and deferred income | 492/3 | €1,540 | €1,570 | +€30 | +1.9% |
| Other operating charges | 640/8 | €9,992 | €1,238 | -€8,754 | -87.6% |
| Gross operating margin | 9900 | €5,128 | -€4,345 | -€9,473 | |
| Operating profit (loss) | 9901 | -€4,864 | -€5,583 | -€718 | -14.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €488 | €291 | -€196 | -40.3% |
| Recurring financial charges | 65 | €488 | €291 | -€196 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,352 | -€5,874 | -€522 | -9.8% |
| Profit (loss) for the period | 9904 | -€5,352 | -€5,874 | -€522 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,352 | -€5,874 | -€522 | -9.8% |
Next steps
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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.