EMARCA: 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.
EMARCA
Largest movements
- Tangible fixed assets -€41,357
down €41,357 (-4.6%), from €908,898 to €867,542
of which Land and buildings: -€41,254
- Receivables within one year +€33,635
up €33,635 (+2.5%), from €1.3m to €1.4m
- Profit (loss) carried forward -€29,903
down €29,903 (-13.3%), from -€225,516 to -€255,419
- Financial charges -€43,215
down €43,215 (-78.0%), from €55,383 to €12,169
- Gross operating margin -€23,797
down €23,797, from €19,607 to -€4,190
- Financial income +€632
up €632 (+1.9%), from €33,308 to €33,940
- Other operating charges +€463
up €463 (+8.2%), from €5,664 to €6,128
- Depreciation -€256
down €256 (-0.6%), from €41,613 to €41,357
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,237,805 | €2,232,283 | -€5,522 | -0.2% |
| Fixed assets | 21/28 | €908,898 | €867,542 | -€41,357 | -4.6% |
| Tangible fixed assets | 22/27 | €908,898 | €867,542 | -€41,357 | -4.6% |
| Land and buildings | 22 | €908,796 | €867,542 | -€41,254 | -4.5% |
| Furniture and vehicles | 24 | €103 | - | -€103 | |
| Current assets | 29/58 | €1,328,907 | €1,364,742 | +€35,835 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,328,907 | €1,362,542 | +€33,635 | +2.5% |
| Other amounts receivable | 41 | €1,328,907 | €1,362,542 | +€33,635 | +2.5% |
| Deferred charges and accrued income | 490/1 | - | €2,200 | +€2,200 | |
| Total equity and liabilities | 10/49 | €2,237,805 | €2,232,283 | -€5,522 | -0.2% |
| Equity | 10/15 | -€163,016 | -€192,919 | -€29,903 | -18.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,516 | -€255,419 | -€29,903 | -13.3% |
| Amounts payable | 17/49 | €2,400,821 | €2,425,202 | +€24,381 | +1.0% |
| Amounts payable within one year | 42/48 | €2,397,744 | €2,425,202 | +€27,458 | +1.1% |
| Financial debts | 43 | €1,307,511 | €1,322,490 | +€14,979 | +1.1% |
| Credit institutions | 430/8 | €1,182,635 | €1,195,514 | +€12,879 | +1.1% |
| Other loans | 439 | €124,876 | €126,976 | +€2,100 | +1.7% |
| Trade debts | 44 | €24,117 | €25,341 | +€1,225 | +5.1% |
| Suppliers | 440/4 | €24,117 | €25,341 | +€1,225 | +5.1% |
| Other amounts payable | 47/48 | €1,066,117 | €1,077,371 | +€11,254 | +1.1% |
| Accrued charges and deferred income | 492/3 | €3,077 | - | -€3,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,613 | €41,357 | -€256 | -0.6% |
| Other operating charges | 640/8 | €5,664 | €6,128 | +€463 | +8.2% |
| Gross operating margin | 9900 | €19,607 | -€4,190 | -€23,797 | |
| Operating profit (loss) | 9901 | -€27,670 | -€51,674 | -€24,004 | -86.7% |
| Financial income | 75/76B | €33,308 | €33,940 | +€632 | +1.9% |
| Recurring financial income | 75 | €33,308 | €33,940 | +€632 | +1.9% |
| Financial charges | 65/66B | €55,383 | €12,169 | -€43,215 | -78.0% |
| Recurring financial charges | 65 | €55,383 | €12,169 | -€43,215 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | -€49,746 | -€29,903 | +€19,843 | +39.9% |
| Profit (loss) for the period | 9904 | -€49,746 | -€29,903 | +€19,843 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,746 | -€29,903 | +€19,843 | +39.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.