EMCA Distribution: 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.
EMCA Distribution
Largest movements
- Stocks and contracts -€415,992
no longer reported in 2024 (was €415,992)
- Tangible fixed assets -€344,814
no longer reported in 2024 (was €344,814)
of which Other tangible fixed assets: -€333,774
- Receivables within one year +€23,891
up €23,891 (+20.2%), from €117,984 to €141,875
of which Other amounts receivable: +€75,449
- Debts after one year +€1.1m
up €1.1m (+295.4%), from €378,563 to €1.5m
of which Other amounts payable: +€1.3m
- Profit (loss) carried forward -€1.1m
down €1.1m (-88.0%), from -€1.2m to -€2.2m
- Trade debts -€782,301
down €782,301 (-54.4%), from €1.4m to €655,120
- Tax, wage and social debts -€44,650
no longer reported in 2024 (was €44,650)
of which Remuneration and social security: -€37,768
- Gross operating margin -€567,947
down €567,947, from €220,042 to -€347,905
- Financial charges +€333,010
up €333,010 (+2552.6%), from €13,046 to €346,056
of which Non-recurring financial charges: +€331,864
- Depreciation -€129,923
no longer reported in 2024 (was €129,923)
- Staff costs -€7,589
down €7,589 (-2.6%), from €296,376 to €288,787
- Other operating charges -€5,522
down €5,522 (-15.5%), from €35,642 to €30,120
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 | €966,820 | €214,492 | -€752,328 | -77.8% |
| Fixed assets | 21/28 | €359,274 | €6,764 | -€352,509 | -98.1% |
| Tangible fixed assets | 22/27 | €344,814 | - | -€344,814 | |
| Plant, machinery and equipment | 23 | €9,955 | - | -€9,955 | |
| Furniture and vehicles | 24 | €1,085 | - | -€1,085 | |
| Other tangible fixed assets | 26 | €333,774 | - | -€333,774 | |
| Financial fixed assets | 28 | €14,460 | €6,764 | -€7,695 | -53.2% |
| Current assets | 29/58 | €607,546 | €207,727 | -€399,818 | -65.8% |
| Stocks and contracts in progress | 3 | €415,992 | - | -€415,992 | |
| Stocks | 30/36 | €415,992 | - | -€415,992 | |
| Amounts receivable within one year | 40/41 | €117,984 | €141,875 | +€23,891 | +20.2% |
| Trade receivables | 40 | €66,362 | €14,805 | -€51,558 | -77.7% |
| Other amounts receivable | 41 | €51,622 | €127,071 | +€75,449 | +146.2% |
| Cash at bank and in hand | 54/58 | €72,661 | €65,852 | -€6,809 | -9.4% |
| Deferred charges and accrued income | 490/1 | €908 | - | -€908 | |
| Total equity and liabilities | 10/49 | €966,820 | €214,492 | -€752,328 | -77.8% |
| Equity | 10/15 | -€1,044,834 | -€2,096,357 | -€1.1m | -100.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,194,834 | -€2,246,357 | -€1.1m | -88.0% |
| Amounts payable | 17/49 | €2,011,653 | €2,310,848 | +€299,195 | +14.9% |
| Amounts payable after more than one year | 17 | €378,563 | €1,496,720 | +€1.1m | +295.4% |
| Financial debts | 170/4 | €378,563 | €239,517 | -€139,046 | -36.7% |
| Other amounts payable | 178/9 | - | €1,257,203 | +€1.3m | |
| Amounts payable within one year | 42/48 | €1,632,584 | €814,128 | -€818,457 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €137,552 | €139,046 | +€1,494 | +1.1% |
| Trade debts | 44 | €1,437,421 | €655,120 | -€782,301 | -54.4% |
| Suppliers | 440/4 | €1,437,421 | €655,120 | -€782,301 | -54.4% |
| Taxes, remuneration and social security | 45 | €44,650 | - | -€44,650 | |
| Taxes | 450/3 | €6,882 | - | -€6,882 | |
| Remuneration and social security | 454/9 | €37,768 | - | -€37,768 | |
| Other amounts payable | 47/48 | €12,961 | €19,961 | +€7,000 | +54.0% |
| Accrued charges and deferred income | 492/3 | €505 | - | -€505 | |
| Non-recurring operating income | 76A | €10,489 | - | -€10,489 | |
| Remuneration, social security and pensions | 62 | €296,376 | €288,787 | -€7,589 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,923 | - | -€129,923 | |
| Other operating charges | 640/8 | €35,642 | €30,120 | -€5,522 | -15.5% |
| Non-recurring operating charges | 66A | €14,067 | €38,804 | +€24,737 | +175.9% |
| Gross operating margin | 9900 | €220,042 | -€347,905 | -€567,947 | |
| Operating profit (loss) | 9901 | -€255,966 | -€705,617 | -€449,651 | -175.7% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €13,046 | €346,056 | +€333,010 | +2552.6% |
| Recurring financial charges | 65 | €13,046 | €14,191 | +€1,146 | +8.8% |
| Non-recurring financial charges | 66B | - | €331,864 | +€331,864 | |
| Profit (loss) for the period before taxes | 9903 | -€269,012 | -€1,051,523 | -€782,511 | -290.9% |
| Profit (loss) for the period | 9904 | -€269,012 | -€1,051,523 | -€782,511 | -290.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€269,012 | -€1,051,523 | -€782,511 | -290.9% |
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 5 October 2026 via checked.be.