EMDD: 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.
EMDD
Largest movements
- Receivables within one year +€66,697
up €66,697 (+237.4%), from €28,099 to €94,795
of which Trade receivables: +€61,674
- Tangible fixed assets +€57,033
up €57,033 (+1166.4%), from €4,890 to €61,922
- Trade debts +€92,152
up €92,152 (+780.2%), from €11,811 to €103,963
- Reserves +€28,000
up €28,000 (+23.5%), from €119,000 to €147,000
- Debts after one year +€21,396
up €21,396 (+8.2%), from €259,398 to €280,794
of which Financial debts: +€21,396
- Tax, wage and social debts -€18,823
down €18,823 (-42.1%), from €44,739 to €25,916
of which Taxes: -€18,823
- Other debts -€11,324
down €11,324 (-3.3%), from €345,793 to €334,469
- Gross operating margin -€8,701
down €8,701 (-9.3%), from €93,492 to €84,791
- Depreciation +€4,607
up €4,607 (+47.1%), from €9,779 to €14,386
- Taxes -€3,868
down €3,868 (-27.9%), from €13,846 to €9,977
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 | €952,813 | €1,072,617 | +€119,804 | +12.6% |
| Fixed assets | 21/28 | €921,330 | €976,666 | +€55,337 | +6.0% |
| Tangible fixed assets | 22/27 | €4,890 | €61,922 | +€57,033 | +1166.4% |
| Furniture and vehicles | 24 | €4,890 | €61,922 | +€57,033 | +1166.4% |
| Financial fixed assets | 28 | €916,440 | €914,744 | -€1,696 | -0.2% |
| Current assets | 29/58 | €31,484 | €95,951 | +€64,468 | +204.8% |
| Amounts receivable within one year | 40/41 | €28,099 | €94,795 | +€66,697 | +237.4% |
| Trade receivables | 40 | €28,099 | €89,772 | +€61,674 | +219.5% |
| Other amounts receivable | 41 | - | €5,023 | +€5,023 | |
| Cash at bank and in hand | 54/58 | €2,122 | - | -€2,122 | |
| Deferred charges and accrued income | 490/1 | €1,263 | €1,156 | -€107 | -8.5% |
| Total equity and liabilities | 10/49 | €952,813 | €1,072,617 | +€119,804 | +12.6% |
| Equity | 10/15 | €219,583 | €248,242 | +€28,659 | +13.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €119,000 | €147,000 | +€28,000 | +23.5% |
| Distributable reserves | 133 | €119,000 | €147,000 | +€28,000 | +23.5% |
| Profit (loss) carried forward | 14 | €583 | €1,242 | +€659 | +112.9% |
| Amounts payable | 17/49 | €733,230 | €824,375 | +€91,146 | +12.4% |
| Amounts payable after more than one year | 17 | €259,398 | €280,794 | +€21,396 | +8.2% |
| Financial debts | 170/4 | €59,398 | €80,794 | +€21,396 | +36.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €447,233 | €521,667 | +€74,434 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €32,891 | €42,319 | +€9,428 | +28.7% |
| Financial debts | 43 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Other loans | 439 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Trade debts | 44 | €11,811 | €103,963 | +€92,152 | +780.2% |
| Suppliers | 440/4 | €11,811 | €103,963 | +€92,152 | +780.2% |
| Taxes, remuneration and social security | 45 | €44,739 | €25,916 | -€18,823 | -42.1% |
| Taxes | 450/3 | €40,739 | €21,916 | -€18,823 | -46.2% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €345,793 | €334,469 | -€11,324 | -3.3% |
| Accrued charges and deferred income | 492/3 | €26,599 | €21,915 | -€4,684 | -17.6% |
| Non-recurring operating income | 76A | - | €24,036 | +€24,036 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,779 | €14,386 | +€4,607 | +47.1% |
| Other operating charges | 640/8 | €245 | €978 | +€732 | +298.6% |
| Non-recurring operating charges | 66A | - | €1,870 | +€1,870 | |
| Gross operating margin | 9900 | €93,492 | €84,791 | -€8,701 | -9.3% |
| Operating profit (loss) | 9901 | €83,468 | €67,558 | -€15,910 | -19.1% |
| Financial charges | 65/66B | €27,851 | €27,256 | -€595 | -2.1% |
| Recurring financial charges | 65 | €27,851 | €27,256 | -€595 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €55,617 | €40,302 | -€15,315 | -27.5% |
| Income taxes | 67/77 | €13,846 | €9,977 | -€3,868 | -27.9% |
| Profit (loss) for the period | 9904 | €41,772 | €30,325 | -€11,447 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,772 | €30,325 | -€11,447 | -27.4% |
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 9 October 2026 via checked.be.