E.M. BUILDING: 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.M. BUILDING
Largest movements
- Tangible fixed assets -€8,490
down €8,490 (-26.1%), from €32,492 to €24,002
of which Furniture and vehicles: -€5,523
- Receivables within one year +€3,787
up €3,787 (+30.1%), from €12,576 to €16,363
of which Trade receivables: +€3,582
- Short-term financial debts +€8,046
up €8,046 (+101%), from €7,949 to €15,995
- Debts after one year -€7,619
down €7,619 (-47.0%), from €16,205 to €8,585
- Trade debts -€2,827
down €2,827 (-24.1%), from €11,730 to €8,902
- Other debts -€1,954
down €1,954 (-86.5%), from €2,258 to €304
- Current portion of long-term debt -€1,378
down €1,378 (-15.3%), from €8,998 to €7,619
- Gross operating margin +€5,741
up €5,741 (+81.5%), from €7,045 to €12,785
- Taxes +€4,000
up €4,000, from -€4,000 to €0
- Financial charges +€785
up €785 (+38.4%), from €2,045 to €2,830
- Depreciation +€483
up €483 (+6.0%), from €8,007 to €8,490
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,933 | €68,463 | -€4,470 | -6.1% |
| Fixed assets | 21/28 | €32,512 | €24,022 | -€8,490 | -26.1% |
| Tangible fixed assets | 22/27 | €32,492 | €24,002 | -€8,490 | -26.1% |
| Plant, machinery and equipment | 23 | €11,509 | €8,543 | -€2,967 | -25.8% |
| Furniture and vehicles | 24 | €20,982 | €15,459 | -€5,523 | -26.3% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €40,421 | €44,442 | +€4,021 | +9.9% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,576 | €16,363 | +€3,787 | +30.1% |
| Trade receivables | 40 | €7,576 | €11,157 | +€3,582 | +47.3% |
| Other amounts receivable | 41 | €5,000 | €5,206 | +€206 | +4.1% |
| Deferred charges and accrued income | 490/1 | €2,845 | €3,079 | +€233 | +8.2% |
| Total equity and liabilities | 10/49 | €72,933 | €68,463 | -€4,470 | -6.1% |
| Equity | 10/15 | €23,304 | €24,418 | +€1,114 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,601 | €30,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,530 | €1,530 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,530 | €1,530 | = | 0.0% |
| Distributable reserves | 133 | €29,071 | €29,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,496 | -€12,383 | +€1,114 | +8.3% |
| Amounts payable | 17/49 | €49,628 | €44,045 | -€5,583 | -11.2% |
| Amounts payable after more than one year | 17 | €16,205 | €8,585 | -€7,619 | -47.0% |
| Financial debts | 170/4 | €16,205 | €8,585 | -€7,619 | -47.0% |
| Amounts payable within one year | 42/48 | €33,424 | €35,444 | +€2,020 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,998 | €7,619 | -€1,378 | -15.3% |
| Financial debts | 43 | €7,949 | €15,995 | +€8,046 | +101% |
| Credit institutions | 430/8 | €7,949 | €15,995 | +€8,046 | +101% |
| Trade debts | 44 | €11,730 | €8,902 | -€2,827 | -24.1% |
| Suppliers | 440/4 | €11,730 | €8,902 | -€2,827 | -24.1% |
| Taxes, remuneration and social security | 45 | €2,489 | €2,623 | +€134 | +5.4% |
| Taxes | 450/3 | €966 | €900 | -€66 | -6.8% |
| Remuneration and social security | 454/9 | €1,523 | €1,723 | +€200 | +13.1% |
| Other amounts payable | 47/48 | €2,258 | €304 | -€1,954 | -86.5% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,007 | €8,490 | +€483 | +6.0% |
| Other operating charges | 640/8 | €419 | €387 | -€32 | -7.7% |
| Gross operating margin | 9900 | €7,045 | €12,785 | +€5,741 | +81.5% |
| Operating profit (loss) | 9901 | -€1,381 | €3,908 | +€5,289 | |
| Financial income | 75/76B | €15 | €35 | +€20 | +138% |
| Recurring financial income | 75 | €15 | €35 | +€20 | +138% |
| Financial charges | 65/66B | €2,045 | €2,830 | +€785 | +38.4% |
| Recurring financial charges | 65 | €2,045 | €2,830 | +€785 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,411 | €1,114 | +€4,525 | |
| Income taxes | 67/77 | -€4,000 | €0 | +€4,000 | |
| Profit (loss) for the period | 9904 | €589 | €1,114 | +€525 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €589 | €1,114 | +€525 | +89.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.