EM AUTO: 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.
EM AUTO
Largest movements
- Receivables within one year -€44,984
down €44,984 (-43.7%), from €103,011 to €58,027
of which Trade receivables: -€72,786
- Cash +€3,403
up €3,403 (+25.4%), from €13,416 to €16,819
mainly Receivables within one year (+€44,984) and Tax, wage and social debts (+€39,823)
- Tangible fixed assets -€3,122
down €3,122 (-13.3%), from €23,459 to €20,337
of which Other tangible fixed assets: -€3,521
- Stocks and contracts +€2,959
up €2,959 (+3.9%), from €75,760 to €78,719
- Other debts -€55,363
down €55,363 (-90.3%), from €61,305 to €5,942
- Tax, wage and social debts +€39,823
up €39,823 (+46.5%), from €85,637 to €125,459
of which Taxes: +€26,658
- Trade debts -€21,173
down €21,173 (-41.0%), from €51,661 to €30,488
- Profit (loss) carried forward -€4,727
down €4,727, from €3,718 to -€1,008
- Gross operating margin -€38,371
down €38,371 (-73.2%), from €52,385 to €14,014
- Staff costs -€17,195
down €17,195 (-58.2%), from €29,520 to €12,325
- Other operating charges -€9,538
down €9,538 (-98.8%), from €9,651 to €113
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,947 | €179,506 | -€41,440 | -18.8% |
| Fixed assets | 21/28 | €28,759 | €25,637 | -€3,122 | -10.9% |
| Tangible fixed assets | 22/27 | €23,459 | €20,337 | -€3,122 | -13.3% |
| Furniture and vehicles | 24 | €2,182 | €2,581 | +€399 | +18.3% |
| Other tangible fixed assets | 26 | €21,277 | €17,756 | -€3,521 | -16.6% |
| Financial fixed assets | 28 | €5,300 | €5,300 | = | 0.0% |
| Current assets | 29/58 | €192,188 | €153,870 | -€38,318 | -19.9% |
| Stocks and contracts in progress | 3 | €75,760 | €78,719 | +€2,959 | +3.9% |
| Stocks | 30/36 | €75,760 | €78,719 | +€2,959 | +3.9% |
| Amounts receivable within one year | 40/41 | €103,011 | €58,027 | -€44,984 | -43.7% |
| Trade receivables | 40 | €93,602 | €20,816 | -€72,786 | -77.8% |
| Other amounts receivable | 41 | €9,410 | €37,212 | +€27,802 | +295.5% |
| Cash at bank and in hand | 54/58 | €13,416 | €16,819 | +€3,403 | +25.4% |
| Deferred charges and accrued income | 490/1 | - | €305 | +€305 | |
| Total equity and liabilities | 10/49 | €220,947 | €179,506 | -€41,440 | -18.8% |
| Equity | 10/15 | €22,343 | €17,617 | -€4,727 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €25 | €25 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25 | €25 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,718 | -€1,008 | -€4,727 | |
| Amounts payable | 17/49 | €198,603 | €161,890 | -€36,714 | -18.5% |
| Amounts payable within one year | 42/48 | €198,603 | €161,890 | -€36,714 | -18.5% |
| Trade debts | 44 | €51,661 | €30,488 | -€21,173 | -41.0% |
| Suppliers | 440/4 | €51,661 | €30,488 | -€21,173 | -41.0% |
| Taxes, remuneration and social security | 45 | €85,637 | €125,459 | +€39,823 | +46.5% |
| Taxes | 450/3 | €11,426 | €38,084 | +€26,658 | +233.3% |
| Remuneration and social security | 454/9 | €74,211 | €87,375 | +€13,164 | +17.7% |
| Other amounts payable | 47/48 | €61,305 | €5,942 | -€55,363 | -90.3% |
| Remuneration, social security and pensions | 62 | €29,520 | €12,325 | -€17,195 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,047 | €5,616 | -€431 | -7.1% |
| Other operating charges | 640/8 | €9,651 | €113 | -€9,538 | -98.8% |
| Non-recurring operating charges | 66A | €84 | - | -€84 | |
| Gross operating margin | 9900 | €52,385 | €14,014 | -€38,371 | -73.2% |
| Operating profit (loss) | 9901 | €7,082 | -€4,041 | -€11,123 | |
| Financial charges | 65/66B | €931 | €686 | -€246 | -26.4% |
| Recurring financial charges | 65 | €931 | €686 | -€246 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €6,150 | -€4,727 | -€10,877 | |
| Profit (loss) for the period | 9904 | €6,150 | -€4,727 | -€10,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,150 | -€4,727 | -€10,877 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.