E.M. GROUP: what changed
Two fiscal 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. GROUP
Largest movements
- Tangible fixed assets +€125,717
up €125,717 (+28.1%), from €446,876 to €572,593
of which Leasing and similar rights: +€139,592
- Reserves +€93,729
up €93,729 (+13.7%), from €682,987 to €776,715
of which Non-distributable reserves: +€78,075
- Tax, wage and social debts +€29,352
up €29,352 (+28.7%), from €102,185 to €131,537
of which Taxes: +€27,459
- Gross operating margin +€66,670
up €66,670 (+11.4%), from €584,400 to €651,070
- Staff costs +€35,689
up €35,689 (+13.7%), from €260,058 to €295,747
- Depreciation -€33,889
down €33,889 (-46.3%), from €73,211 to €39,322
- Financial income +€28,525
up €28,525 (+57.0%), from €50,000 to €78,525
of which Non-recurring financial income: +€28,525
- Taxes +€26,012
up €26,012 (+51.4%), from €50,591 to €76,602
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.
Cash bridge derived
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 | €2,679,895 | €2,817,617 | +€137,721 | +5.1% |
| Fixed assets | 21/28 | €2,569,716 | €2,695,433 | +€125,717 | +4.9% |
| Tangible fixed assets | 22/27 | €446,876 | €572,593 | +€125,717 | +28.1% |
| Land and buildings | 22 | €442,791 | €428,920 | -€13,871 | -3.1% |
| Plant, machinery and equipment | 23 | €1,096 | €790 | -€306 | -27.9% |
| Furniture and vehicles | 24 | €2,989 | €3,291 | +€302 | +10.1% |
| Leasing and similar rights | 25 | €0 | €139,592 | +€139,592 | |
| Financial fixed assets | 28 | €2,122,840 | €2,122,840 | = | 0.0% |
| Current assets | 29/58 | €110,180 | €122,184 | +€12,004 | +10.9% |
| Amounts receivable within one year | 40/41 | €88,053 | €95,487 | +€7,433 | +8.4% |
| Trade receivables | 40 | €54,053 | €45,487 | -€8,567 | -15.8% |
| Other amounts receivable | 41 | €34,000 | €50,000 | +€16,000 | +47.1% |
| Cash at bank and in hand | 54/58 | €22,126 | €26,697 | +€4,571 | +20.7% |
| Total equity and liabilities | 10/49 | €2,679,895 | €2,817,617 | +€137,721 | +5.1% |
| Equity | 10/15 | €1,701,587 | €1,795,315 | +€93,729 | +5.5% |
| Contributions | 10/11 | €1,018,600 | €1,018,600 | = | 0.0% |
| Reserves | 13 | €682,987 | €776,715 | +€93,729 | +13.7% |
| Non-distributable reserves | 130/1 | €252,632 | €330,706 | +€78,075 | +30.9% |
| Reserves not available under the articles | 1311 | €252,632 | €330,706 | +€78,075 | +30.9% |
| Distributable reserves | 133 | €430,355 | €446,009 | +€15,654 | +3.6% |
| Amounts payable | 17/49 | €978,309 | €1,022,302 | +€43,993 | +4.5% |
| Amounts payable after more than one year | 17 | €547,921 | €543,129 | -€4,792 | -0.9% |
| Financial debts | 170/4 | €547,921 | €543,129 | -€4,792 | -0.9% |
| Amounts payable within one year | 42/48 | €430,388 | €479,172 | +€48,784 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €130,681 | €121,076 | -€9,606 | -7.4% |
| Trade debts | 44 | €13,672 | €16,399 | +€2,727 | +19.9% |
| Suppliers | 440/4 | €13,672 | €16,399 | +€2,727 | +19.9% |
| Taxes, remuneration and social security | 45 | €102,185 | €131,537 | +€29,352 | +28.7% |
| Taxes | 450/3 | €79,860 | €107,319 | +€27,459 | +34.4% |
| Remuneration and social security | 454/9 | €22,325 | €24,218 | +€1,893 | +8.5% |
| Other amounts payable | 47/48 | €183,849 | €210,160 | +€26,311 | +14.3% |
| Turnover | 70 | €492,192 | €510,784 | +€18,592 | +3.8% |
| Non-recurring operating income | 76A | €2,889 | €40,728 | +€37,840 | +1309.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €146,121 | €140,028 | -€6,094 | -4.2% |
| Remuneration, social security and pensions | 62 | €260,058 | €295,747 | +€35,689 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,211 | €39,322 | -€33,889 | -46.3% |
| Other operating charges | 640/8 | €14,107 | €29,943 | +€15,836 | +112.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €584,400 | €651,070 | +€66,670 | +11.4% |
| Operating profit (loss) | 9901 | €237,024 | €286,058 | +€49,034 | +20.7% |
| Financial income | 75/76B | €50,000 | €78,525 | +€28,525 | +57.0% |
| Recurring financial income | 75 | €50,000 | €0 | -€50,000 | -100.0% |
| Non-recurring financial income | 76B | €50,000 | €78,525 | +€28,525 | +57.0% |
| Financial charges | 65/66B | €46,254 | €54,251 | +€7,998 | +17.3% |
| Recurring financial charges | 65 | €46,254 | €54,251 | +€7,998 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €240,770 | €310,331 | +€69,561 | +28.9% |
| Income taxes | 67/77 | €50,591 | €76,602 | +€26,012 | +51.4% |
| Profit (loss) for the period | 9904 | €190,180 | €233,729 | +€43,549 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €190,180 | €233,729 | +€43,549 | +22.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.