E.A.M. GROUP: 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.
E.A.M. GROUP
Largest movements
- Tangible fixed assets +€55,994
up €55,994 (+64.5%), from €86,822 to €142,816
of which Furniture and vehicles: +€58,031
- Receivables within one year +€13,685
up €13,685 (+18.9%), from €72,247 to €85,932
of which Trade receivables: +€9,657
- Cash +€9,615
up €9,615 (+47.5%), from €20,255 to €29,870
mainly Depreciation (+€37,938) and Net result for the year (+€28,458)
- Deferred charges and accrued income -€4,592
down €4,592 (-57.5%), from €7,985 to €3,394
- Reserves +€28,458
up €28,458 (+42.4%), from €67,065 to €95,524
- Current portion of long-term debt +€20,743
new in 2025: €20,743
- Debts after one year +€14,802
up €14,802 (+28.2%), from €52,521 to €67,323
- Other debts +€12,068
up €12,068 (+15,547%), from €78 to €12,145
- Trade debts -€11,243
down €11,243 (-76.7%), from €14,665 to €3,421
- Gross operating margin +€126,530
up €126,530 (+113%), from €112,379 to €238,909
- Staff costs +€110,752
up €110,752 (+510%), from €21,699 to €132,450
- Depreciation +€29,336
up €29,336 (+341%), from €8,601 to €37,938
- Write-downs +€3,245
new in 2025: €3,245
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 | €190,354 | €265,057 | +€74,703 | +39.2% |
| Fixed assets | 21/28 | €89,867 | €145,861 | +€55,994 | +62.3% |
| Tangible fixed assets | 22/27 | €86,822 | €142,816 | +€55,994 | +64.5% |
| Plant, machinery and equipment | 23 | €4,243 | €2,206 | -€2,037 | -48.0% |
| Furniture and vehicles | 24 | €82,578 | €140,609 | +€58,031 | +70.3% |
| Financial fixed assets | 28 | €3,045 | €3,045 | = | 0.0% |
| Current assets | 29/58 | €100,488 | €119,196 | +€18,708 | +18.6% |
| Amounts receivable within one year | 40/41 | €72,247 | €85,932 | +€13,685 | +18.9% |
| Trade receivables | 40 | €72,210 | €81,867 | +€9,657 | +13.4% |
| Other amounts receivable | 41 | €38 | €4,065 | +€4,028 | +10,741% |
| Cash at bank and in hand | 54/58 | €20,255 | €29,870 | +€9,615 | +47.5% |
| Deferred charges and accrued income | 490/1 | €7,985 | €3,394 | -€4,592 | -57.5% |
| Total equity and liabilities | 10/49 | €190,354 | €265,057 | +€74,703 | +39.2% |
| Equity | 10/15 | €82,065 | €110,524 | +€28,458 | +34.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €67,065 | €95,524 | +€28,458 | +42.4% |
| Distributable reserves | 133 | €67,065 | €95,524 | +€28,458 | +42.4% |
| Amounts payable | 17/49 | €108,289 | €154,533 | +€46,244 | +42.7% |
| Amounts payable after more than one year | 17 | €52,521 | €67,323 | +€14,802 | +28.2% |
| Financial debts | 170/4 | €52,521 | €67,323 | +€14,802 | +28.2% |
| Amounts payable within one year | 42/48 | €55,768 | €87,210 | +€31,443 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | - | €20,743 | +€20,743 | |
| Financial debts | 43 | - | €577 | +€577 | |
| Credit institutions | 430/8 | - | €577 | +€577 | |
| Trade debts | 44 | €14,665 | €3,421 | -€11,243 | -76.7% |
| Suppliers | 440/4 | €14,665 | €3,421 | -€11,243 | -76.7% |
| Taxes, remuneration and social security | 45 | €41,026 | €50,324 | +€9,299 | +22.7% |
| Taxes | 450/3 | €33,147 | €41,783 | +€8,637 | +26.1% |
| Remuneration and social security | 454/9 | €7,879 | €8,541 | +€662 | +8.4% |
| Other amounts payable | 47/48 | €78 | €12,145 | +€12,068 | +15,547% |
| Non-recurring operating income | 76A | €673 | €14,613 | +€13,940 | +2,072% |
| Remuneration, social security and pensions | 62 | €21,699 | €132,450 | +€110,752 | +510% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,601 | €37,938 | +€29,336 | +341% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,245 | +€3,245 | |
| Other operating charges | 640/8 | €747 | €2,682 | +€1,935 | +259% |
| Non-recurring operating charges | 66A | - | €1,300 | +€1,300 | |
| Gross operating margin | 9900 | €112,379 | €238,909 | +€126,530 | +113% |
| Operating profit (loss) | 9901 | €81,332 | €61,293 | -€20,038 | -24.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,402 | €7,372 | +€1,970 | +36.5% |
| Recurring financial charges | 65 | €5,402 | €7,372 | +€1,970 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €75,930 | €53,923 | -€22,007 | -29.0% |
| Income taxes | 67/77 | €27,183 | €25,464 | -€1,718 | -6.3% |
| Profit (loss) for the period | 9904 | €48,747 | €28,458 | -€20,289 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,747 | €28,458 | -€20,289 | -41.6% |
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 22 October 2026 via checked.be.