EMAC INVEST: what changed
What changed
EMAC INVEST
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€121,868
2024 · €46,792-€168,660
Equity
€728,301
2024 · €850,169-€121,868
Cash
€37,960
2024 · €33,868+€4,092
Balance sheet total
€4.0m
2024 · €3.2m+€753,482
Largest movements
Assets
- Stocks and contracts +€867,327
up €867,327 (+177%), from €490,499 to €1.4m
- Tangible fixed assets -€187,836
down €187,836 (-9.8%), from €1.9m to €1.7m
of which Furniture and vehicles: -€166,761
- Receivables within one year +€96,255
up €96,255 (+14.8%), from €648,435 to €744,690
of which Trade receivables: +€80,135
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+134%), from €1.1m to €2.5m
of which Financial debts: +€1.4m
- Current portion of long-term debt -€796,533
down €796,533 (-72.3%), from €1.1m to €305,001
- Advances received +€305,000
up €305,000 (+1,821%), from €16,750 to €321,750
- Profit (loss) carried forward -€121,868
down €121,868 (-47.0%), from €259,469 to €137,601
- Tax, wage and social debts -€68,340
down €68,340 (-86.5%), from €78,983 to €10,643
of which Taxes: -€74,477
Income statement
- Other operating charges +€64,970
up €64,970 (+332%), from €19,558 to €84,528
- Gross operating margin -€47,771
down €47,771 (-15.8%), from €302,291 to €254,521
- Staff costs +€46,839
up €46,839 (+16,571%), from €283 to €47,122
- Depreciation -€37,942
down €37,942 (-40.4%), from €93,919 to €55,977
- Financial income -€18,035
down €18,035 (-93.8%), from €19,222 to €1,187
of which Financial income: -€11,136
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.
Result 2024
€46,792
Gross operating margin
-€47,771
Staff costs
-€46,839
Depreciation
+€37,942
Other operating charges
-€64,970
Financial income
-€18,035
Financial charges
-€17,623
Taxes
-€11,364
Result 2025
-€121,868
raises the resultlowers the result
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.
From operations
-€741,372
Investment
+€131,859
Financing
+€613,605
Cash 2024
€33,868
From operations (derived)
-€741,372
Net result for the year
-€121,868
Depreciation
+€55,977
Stocks and contracts
-€867,327
Receivables within one year
-€96,255
Deferred charges and accrued income
+€26,356
Trade debts
+€51,144
Tax, wage and social debts
-€68,340
Advances received
+€305,000
Accrued charges and deferred income
-€26,059
Investment (derived)
+€131,859
Investment in fixed assets (net)
+€131,859
Financing
+€613,605
Debts after one year
+€1.4m
Current portion of long-term debt
-€796,533
Cash 2025
€37,960
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,206,138 | €3,959,620 | +€753,482 | +23.5% |
| Fixed assets | 21/28 | €1,912,698 | €1,724,862 | -€187,836 | -9.8% |
| Tangible fixed assets | 22/27 | €1,912,373 | €1,724,537 | -€187,836 | -9.8% |
| Land and buildings | 22 | €1,741,026 | €1,720,659 | -€20,367 | -1.2% |
| Plant, machinery and equipment | 23 | €3,178 | €2,470 | -€708 | -22.3% |
| Furniture and vehicles | 24 | €168,169 | €1,408 | -€166,761 | -99.2% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €1,293,440 | €2,234,758 | +€941,318 | +72.8% |
| Stocks and contracts in progress | 3 | €490,499 | €1,357,826 | +€867,327 | +177% |
| Stocks | 30/36 | €490,499 | €1,357,826 | +€867,327 | +177% |
| Amounts receivable within one year | 40/41 | €648,435 | €744,690 | +€96,255 | +14.8% |
| Trade receivables | 40 | €643,049 | €723,185 | +€80,135 | +12.5% |
| Other amounts receivable | 41 | €5,386 | €21,505 | +€16,120 | +299% |
| Cash at bank and in hand | 54/58 | €33,868 | €37,960 | +€4,092 | +12.1% |
| Deferred charges and accrued income | 490/1 | €120,637 | €94,282 | -€26,356 | -21.8% |
| Total equity and liabilities | 10/49 | €3,206,138 | €3,959,620 | +€753,482 | +23.5% |
| Equity | 10/15 | €850,169 | €728,301 | -€121,868 | -14.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €482,500 | €482,500 | = | 0.0% |
| Reserves | 13 | €46,200 | €46,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,469 | €137,601 | -€121,868 | -47.0% |
| Amounts payable | 17/49 | €2,355,969 | €3,231,319 | +€875,350 | +37.2% |
| Amounts payable after more than one year | 17 | €1,051,421 | €2,461,559 | +€1.4m | +134% |
| Financial debts | 170/4 | €586,340 | €2,024,486 | +€1.4m | +245% |
| Other amounts payable | 178/9 | €465,081 | €437,073 | -€28,009 | -6.0% |
| Amounts payable within one year | 42/48 | €1,278,488 | €769,760 | -€508,729 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €1,101,534 | €305,001 | -€796,533 | -72.3% |
| Trade debts | 44 | €71,743 | €122,887 | +€51,144 | +71.3% |
| Suppliers | 440/4 | €71,743 | €122,887 | +€51,144 | +71.3% |
| Advances received on contracts in progress | 46 | €16,750 | €321,750 | +€305,000 | +1,821% |
| Taxes, remuneration and social security | 45 | €78,983 | €10,643 | -€68,340 | -86.5% |
| Taxes | 450/3 | €78,946 | €4,470 | -€74,477 | -94.3% |
| Remuneration and social security | 454/9 | €37 | €6,174 | +€6,136 | +16,456% |
| Other amounts payable | 47/48 | €9,478 | €9,478 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €26,059 | - | -€26,059 | |
| Non-recurring operating income | 76A | - | €9,409 | +€9,409 | |
| Remuneration, social security and pensions | 62 | €283 | €47,122 | +€46,839 | +16,571% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,919 | €55,977 | -€37,942 | -40.4% |
| Other operating charges | 640/8 | €19,558 | €84,528 | +€64,970 | +332% |
| Gross operating margin | 9900 | €302,291 | €254,521 | -€47,771 | -15.8% |
| Operating profit (loss) | 9901 | €188,532 | €66,894 | -€121,638 | -64.5% |
| Financial income | 75/76B | €19,222 | €1,187 | -€18,035 | -93.8% |
| Recurring financial income | 75 | €12,323 | €1,187 | -€11,136 | -90.4% |
| Non-recurring financial income | 76B | €6,898 | - | -€6,898 | |
| Financial charges | 65/66B | €113,377 | €131,000 | +€17,623 | +15.5% |
| Recurring financial charges | 65 | €113,377 | €131,000 | +€17,623 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €94,376 | -€62,920 | -€157,295 | |
| Income taxes | 67/77 | €47,584 | €58,948 | +€11,364 | +23.9% |
| Profit (loss) for the period | 9904 | €46,792 | -€121,868 | -€168,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,792 | -€121,868 | -€168,660 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.