EMDE: 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.
EMDE
Largest movements
- Receivables within one year -€15,461
down €15,461 (-67.3%), from €22,961 to €7,500
- Tangible fixed assets +€5,158
up €5,158 (+61.7%), from €8,357 to €13,515
- Financial fixed assets +€2,500
up €2,500 (+23.8%), from €10,496 to €12,996
- Deferred charges and accrued income -€1,276
no longer reported in 2024 (was €1,276)
- Cash +€870
up €870 (+35.9%), from €2,423 to €3,292
mainly Receivables within one year (+€15,461) and Tax, wage and social debts (+€11,358)
- Other debts -€16,474
down €16,474 (-11.8%), from €139,757 to €123,283
- Tax, wage and social debts +€11,358
up €11,358 (+100.6%), from €11,291 to €22,649
of which Remuneration and social security: +€8,203
- Advances received -€7,829
no longer reported in 2024 (was €7,829)
- Profit (loss) carried forward +€6,166
up €6,166 (+4.5%), from -€135,693 to -€129,527
- Trade debts -€1,371
down €1,371 (-12.9%), from €10,616 to €9,245
- Gross operating margin -€4,601
down €4,601 (-11.9%), from €38,760 to €34,159
- Depreciation -€1,749
down €1,749 (-42.0%), from €4,167 to €2,418
- Financial income -€1,641
down €1,641 (-77.6%), from €2,114 to €473
- Staff costs -€1,530
down €1,530 (-5.1%), from €29,711 to €28,181
- Financial charges +€1,476
up €1,476 (+103.1%), from €1,431 to €2,907
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 | €48,054 | €39,905 | -€8,150 | -17.0% |
| Fixed assets | 21/28 | €18,853 | €26,511 | +€7,658 | +40.6% |
| Tangible fixed assets | 22/27 | €8,357 | €13,515 | +€5,158 | +61.7% |
| Furniture and vehicles | 24 | €8,357 | €13,515 | +€5,158 | +61.7% |
| Financial fixed assets | 28 | €10,496 | €12,996 | +€2,500 | +23.8% |
| Current assets | 29/58 | €29,202 | €13,394 | -€15,808 | -54.1% |
| Stocks and contracts in progress | 3 | €2,543 | €2,601 | +€59 | +2.3% |
| Stocks | 30/36 | €2,543 | €2,601 | +€59 | +2.3% |
| Amounts receivable within one year | 40/41 | €22,961 | €7,500 | -€15,461 | -67.3% |
| Trade receivables | 40 | €22,961 | €7,500 | -€15,461 | -67.3% |
| Cash at bank and in hand | 54/58 | €2,423 | €3,292 | +€870 | +35.9% |
| Deferred charges and accrued income | 490/1 | €1,276 | - | -€1,276 | |
| Total equity and liabilities | 10/49 | €48,054 | €39,905 | -€8,150 | -17.0% |
| Equity | 10/15 | -€121,438 | -€115,272 | +€6,166 | +5.1% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,693 | -€129,527 | +€6,166 | +4.5% |
| Amounts payable | 17/49 | €169,493 | €155,177 | -€14,316 | -8.4% |
| Amounts payable within one year | 42/48 | €169,493 | €155,177 | -€14,316 | -8.4% |
| Trade debts | 44 | €10,616 | €9,245 | -€1,371 | -12.9% |
| Suppliers | 440/4 | €10,616 | €9,245 | -€1,371 | -12.9% |
| Advances received on contracts in progress | 46 | €7,829 | - | -€7,829 | |
| Taxes, remuneration and social security | 45 | €11,291 | €22,649 | +€11,358 | +100.6% |
| Taxes | 450/3 | €967 | €4,122 | +€3,155 | +326.2% |
| Remuneration and social security | 454/9 | €10,324 | €18,527 | +€8,203 | +79.5% |
| Other amounts payable | 47/48 | €139,757 | €123,283 | -€16,474 | -11.8% |
| Remuneration, social security and pensions | 62 | €29,711 | €28,181 | -€1,530 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,167 | €2,418 | -€1,749 | -42.0% |
| Other operating charges | 640/8 | €410 | €661 | +€250 | +61.0% |
| Gross operating margin | 9900 | €38,760 | €34,159 | -€4,601 | -11.9% |
| Operating profit (loss) | 9901 | €4,472 | €2,900 | -€1,572 | -35.2% |
| Financial income | 75/76B | €2,114 | €473 | -€1,641 | -77.6% |
| Recurring financial income | 75 | €2,114 | €473 | -€1,641 | -77.6% |
| Financial charges | 65/66B | €1,431 | €2,907 | +€1,476 | +103.1% |
| Recurring financial charges | 65 | €1,431 | €2,907 | +€1,476 | +103.1% |
| Profit (loss) for the period before taxes | 9903 | €5,155 | €466 | -€4,689 | -91.0% |
| Income taxes | 67/77 | €264 | - | -€264 | |
| Profit (loss) for the period | 9904 | €4,891 | €466 | -€4,425 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,891 | €466 | -€4,425 | -90.5% |
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 1 October 2026 via checked.be.