EM - LINE: 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.
What changed
EM - LINE
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
-€8,173
2022 · €319,877-€328,051
Equity
€650,058
2022 · €658,231-€8,173
Cash
€103
2022 · €147-€44
Balance sheet total
€864,192
2022 · €928,055-€63,863
Largest movements
Assets
- Receivables within one year -€62,415
down €62,415 (-6.8%), from €922,005 to €859,589
of which Trade receivables: -€52,978
Equity and liabilities
- Trade debts -€48,930
down €48,930 (-100.0%), from €48,930 to €0
Income statement
- Gross operating margin -€617,158
down €617,158, from €608,721 to -€8,437
- Taxes -€200,678
down €200,678 (-100.0%), from €200,678 to €0
- Other operating charges -€42,989
down €42,989 (-98.6%), from €43,588 to €599
From the 2022 result to the 2023 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.
Result 2022
€319,877
Gross operating margin
-€617,158
Depreciation
+€3,333
Provisions
+€3,400
Other operating charges
+€42,989
Other operating items
+€57,252
Financial charges
-€131
Taxes
+€200,678
Deferred taxes and other
-€18,414
Result 2023
-€8,173
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,448
Investment
+€1,403
Financing
€0
Cash 2022
€147
From operations (derived)
-€1,448
Net result for the year
-€8,173
Receivables within one year
+€62,415
Provisions
-€1,700
Trade debts
-€48,930
Tax, wage and social debts
-€6,912
Other debts
+€1,853
Investment (derived)
+€1,403
Investment in fixed assets (net)
+€1,403
Cash 2023
€103
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €928,055 | €864,192 | -€63,863 | -6.9% |
| Fixed assets | 21/28 | €5,903 | €4,500 | -€1,403 | -23.8% |
| Tangible fixed assets | 22/27 | €1,403 | €0 | -€1,403 | -100.0% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,403 | €0 | -€1,403 | -100.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €922,152 | €859,692 | -€62,460 | -6.8% |
| Amounts receivable within one year | 40/41 | €922,005 | €859,589 | -€62,415 | -6.8% |
| Trade receivables | 40 | €52,978 | €0 | -€52,978 | -100.0% |
| Other amounts receivable | 41 | €869,027 | €859,589 | -€9,438 | -1.1% |
| Cash at bank and in hand | 54/58 | €147 | €103 | -€44 | -30.1% |
| Total equity and liabilities | 10/49 | €928,055 | €864,192 | -€63,863 | -6.9% |
| Equity | 10/15 | €658,231 | €650,058 | -€8,173 | -1.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €592,643 | €592,643 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,761 | €2,761 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,761 | €2,761 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €589,882 | €589,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,838 | €38,665 | -€8,173 | -17.5% |
| Provisions and deferred taxes | 16 | €1,700 | €0 | -€1,700 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,700 | €0 | -€1,700 | -100.0% |
| Other liabilities and charges | 164/5 | €1,700 | €0 | -€1,700 | -100.0% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €268,124 | €214,134 | -€53,990 | -20.1% |
| Amounts payable within one year | 42/48 | €268,124 | €214,134 | -€53,990 | -20.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €48,930 | €0 | -€48,930 | -100.0% |
| Suppliers | 440/4 | €48,930 | €0 | -€48,930 | -100.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €208,259 | €201,347 | -€6,912 | -3.3% |
| Taxes | 450/3 | €208,259 | €201,347 | -€6,912 | -3.3% |
| Other amounts payable | 47/48 | €10,935 | €12,788 | +€1,853 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,333 | €0 | -€3,333 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,700 | -€1,700 | -€3,400 | |
| Other operating charges | 640/8 | €43,588 | €599 | -€42,989 | -98.6% |
| Non-recurring operating charges | 66A | €57,252 | €0 | -€57,252 | -100.0% |
| Gross operating margin | 9900 | €608,721 | -€8,437 | -€617,158 | |
| Operating profit (loss) | 9901 | €502,847 | -€7,337 | -€510,184 | |
| Financial charges | 65/66B | €706 | €837 | +€131 | +18.5% |
| Recurring financial charges | 65 | €706 | €837 | +€131 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €502,141 | -€8,173 | -€510,314 | |
| Transfer from deferred taxes | 780 | €18,414 | €0 | -€18,414 | -100.0% |
| Income taxes | 67/77 | €200,678 | €0 | -€200,678 | -100.0% |
| Profit (loss) for the period | 9904 | €319,877 | -€8,173 | -€328,051 | |
| Transfer from tax-exempt reserves | 789 | €39,306 | €0 | -€39,306 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €359,184 | -€8,173 | -€367,357 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.