EMATEO: 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.
EMATEO
Largest movements
- Receivables within one year +€46,849
up €46,849 (+89.6%), from €52,286 to €99,135
of which Trade receivables: +€24,628
- Tangible fixed assets -€39,085
down €39,085 (-11.6%), from €338,355 to €299,269
of which Plant, machinery and equipment: -€33,135
- Cash -€10,705
down €10,705 (-67.4%), from €15,886 to €5,181
mainly Other debts (-€49,124) and Receivables within one year (-€46,849)
- Reserves +€64,000
up €64,000 (+136.6%), from €46,860 to €110,860
of which Distributable reserves: +€64,000
- Other debts -€49,124
down €49,124 (-99.8%), from €49,221 to €98
- Debts after one year -€39,246
down €39,246 (-19.0%), from €206,743 to €167,497
- Tax, wage and social debts +€31,917
up €31,917 (+298.4%), from €10,696 to €42,613
- Current portion of long-term debt -€14,114
down €14,114 (-26.4%), from €53,419 to €39,305
- Gross operating margin +€78,951
up €78,951 (+122.3%), from €64,550 to €143,501
- Taxes +€30,698
new in 2024: €30,698
- Depreciation -€2,582
down €2,582 (-6.1%), from €42,327 to €39,746
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 | €707,919 | €704,731 | -€3,188 | -0.5% |
| Fixed assets | 21/28 | €638,410 | €599,324 | -€39,085 | -6.1% |
| Tangible fixed assets | 22/27 | €338,355 | €299,269 | -€39,085 | -11.6% |
| Land and buildings | 22 | €201,214 | €195,610 | -€5,604 | -2.8% |
| Plant, machinery and equipment | 23 | €136,043 | €102,908 | -€33,135 | -24.4% |
| Furniture and vehicles | 24 | €1,098 | €751 | -€346 | -31.5% |
| Financial fixed assets | 28 | €300,055 | €300,055 | = | 0.0% |
| Current assets | 29/58 | €69,509 | €105,406 | +€35,897 | +51.6% |
| Amounts receivable within one year | 40/41 | €52,286 | €99,135 | +€46,849 | +89.6% |
| Trade receivables | 40 | €52,095 | €76,723 | +€24,628 | +47.3% |
| Other amounts receivable | 41 | €191 | €22,412 | +€22,221 | +11637.0% |
| Cash at bank and in hand | 54/58 | €15,886 | €5,181 | -€10,705 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,337 | €1,091 | -€246 | -18.4% |
| Total equity and liabilities | 10/49 | €707,919 | €704,731 | -€3,188 | -0.5% |
| Equity | 10/15 | €364,474 | €429,019 | +€64,545 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €110,860 | +€64,000 | +136.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €109,000 | +€64,000 | +142.2% |
| Profit (loss) carried forward | 14 | €299,014 | €299,559 | +€545 | +0.2% |
| Amounts payable | 17/49 | €343,445 | €275,712 | -€67,734 | -19.7% |
| Amounts payable after more than one year | 17 | €206,743 | €167,497 | -€39,246 | -19.0% |
| Financial debts | 170/4 | €206,743 | €167,497 | -€39,246 | -19.0% |
| Amounts payable within one year | 42/48 | €136,702 | €108,124 | -€28,579 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €53,419 | €39,305 | -€14,114 | -26.4% |
| Financial debts | 43 | €3,323 | €3,126 | -€198 | -6.0% |
| Credit institutions | 430/8 | €3,323 | €3,126 | -€198 | -6.0% |
| Trade debts | 44 | €20,043 | €22,981 | +€2,939 | +14.7% |
| Suppliers | 440/4 | €20,043 | €22,981 | +€2,939 | +14.7% |
| Taxes, remuneration and social security | 45 | €10,696 | €42,613 | +€31,917 | +298.4% |
| Taxes | 450/3 | €10,696 | €42,613 | +€31,917 | +298.4% |
| Other amounts payable | 47/48 | €49,221 | €98 | -€49,124 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €91 | +€91 | |
| Non-recurring operating income | 76A | - | €7,151 | +€7,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,327 | €39,746 | -€2,582 | -6.1% |
| Other operating charges | 640/8 | €748 | €757 | +€9 | +1.2% |
| Non-recurring operating charges | 66A | €22,500 | €787 | -€21,714 | -96.5% |
| Gross operating margin | 9900 | €64,550 | €143,501 | +€78,951 | +122.3% |
| Operating profit (loss) | 9901 | -€1,025 | €102,212 | +€103,237 | |
| Financial income | 75/76B | €0 | €243 | +€243 | +303250.0% |
| Recurring financial income | 75 | €0 | €243 | +€243 | +303250.0% |
| Financial charges | 65/66B | €7,797 | €7,211 | -€586 | -7.5% |
| Recurring financial charges | 65 | €7,797 | €7,211 | -€586 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,822 | €95,244 | +€104,066 | |
| Income taxes | 67/77 | - | €30,698 | +€30,698 | |
| Profit (loss) for the period | 9904 | -€8,822 | €64,545 | +€73,367 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,822 | €64,545 | +€73,367 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.