E&M Vastgoed: what changed
E&M Vastgoed
Largest movements
- Tangible fixed assets -€13,936
down €13,936 (-8.7%), from €159,857 to €145,921
of which Land and buildings: -€9,554
- Cash -€2,614
down €2,614 (-41.9%), from €6,234 to €3,619
mainly Debts after one year (-€37,016) and Contributions, distributions and other (-€7,600)
- Deferred charges and accrued income -€2,601
down €2,601 (-80.6%), from €3,227 to €626
- Receivables within one year +€2,223
up €2,223 (+33.9%), from €6,551 to €8,774
- Debts after one year -€37,016
down €37,016 (-25.9%), from €142,701 to €105,685
of which Other amounts payable: -€27,889
- Other debts +€20,000
new in 2025: €20,000
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Profit (loss) carried forward -€6,991
down €6,991 (-74.2%), from €9,427 to €2,436
- Current portion of long-term debt -€3,187
down €3,187 (-24.9%), from €12,793 to €9,606
- Gross operating margin +€2,742
up €2,742 (+8.2%), from €33,440 to €36,182
- Other operating charges -€869
down €869 (-42.1%), from €2,065 to €1,196
- Taxes +€639
up €639 (+13.8%), from €4,618 to €5,256
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,619 | €159,690 | -€16,929 | -9.6% |
| Fixed assets | 21/28 | €160,607 | €146,671 | -€13,936 | -8.7% |
| Tangible fixed assets | 22/27 | €159,857 | €145,921 | -€13,936 | -8.7% |
| Land and buildings | 22 | €153,964 | €144,411 | -€9,554 | -6.2% |
| Plant, machinery and equipment | 23 | €581 | - | -€581 | |
| Furniture and vehicles | 24 | €5,312 | €1,510 | -€3,802 | -71.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €16,012 | €13,019 | -€2,993 | -18.7% |
| Amounts receivable within one year | 40/41 | €6,551 | €8,774 | +€2,223 | +33.9% |
| Other amounts receivable | 41 | €6,551 | €8,774 | +€2,223 | +33.9% |
| Cash at bank and in hand | 54/58 | €6,234 | €3,619 | -€2,614 | -41.9% |
| Deferred charges and accrued income | 490/1 | €3,227 | €626 | -€2,601 | -80.6% |
| Total equity and liabilities | 10/49 | €176,619 | €159,690 | -€16,929 | -9.6% |
| Equity | 10/15 | €15,627 | €21,036 | +€5,409 | +34.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | €9,427 | €2,436 | -€6,991 | -74.2% |
| Amounts payable | 17/49 | €160,992 | €138,654 | -€22,338 | -13.9% |
| Amounts payable after more than one year | 17 | €142,701 | €105,685 | -€37,016 | -25.9% |
| Financial debts | 170/4 | €114,812 | €105,685 | -€9,127 | -7.9% |
| Other amounts payable | 178/9 | €27,889 | - | -€27,889 | |
| Amounts payable within one year | 42/48 | €17,195 | €31,842 | +€14,647 | +85.2% |
| Current portion of amounts payable after more than one year | 42 | €12,793 | €9,606 | -€3,187 | -24.9% |
| Trade debts | 44 | €634 | €462 | -€173 | -27.2% |
| Suppliers | 440/4 | €634 | €462 | -€173 | -27.2% |
| Taxes, remuneration and social security | 45 | €3,768 | €1,774 | -€1,994 | -52.9% |
| Taxes | 450/3 | €3,768 | €1,774 | -€1,994 | -52.9% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,096 | €1,127 | +€31 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,985 | €13,936 | -€48 | -0.3% |
| Other operating charges | 640/8 | €2,065 | €1,196 | -€869 | -42.1% |
| Gross operating margin | 9900 | €33,440 | €36,182 | +€2,742 | +8.2% |
| Operating profit (loss) | 9901 | €17,390 | €21,050 | +€3,659 | +21.0% |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €2,992 | €2,785 | -€207 | -6.9% |
| Recurring financial charges | 65 | €2,992 | €2,785 | -€207 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €14,493 | €18,265 | +€3,772 | +26.0% |
| Income taxes | 67/77 | €4,618 | €5,256 | +€639 | +13.8% |
| Profit (loss) for the period | 9904 | €9,875 | €13,009 | +€3,133 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,875 | €13,009 | +€3,133 | +31.7% |
Next steps
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 5 November 2026 via checked.be.