EMEA Commodity Services: 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.
EMEA Commodity Services
Largest movements
- Cash +€29,138
up €29,138 (+2246.8%), from €1,297 to €30,434
mainly Net result for the year (+€56,541) and Other debts (+€26,666)
- Tangible fixed assets +€8,794
up €8,794 (+55.3%), from €15,900 to €24,694
of which Furniture and vehicles: +€10,289
- Receivables within one year +€8,456
up €8,456 (+4.6%), from €183,646 to €192,101
of which Other amounts receivable: +€16,856
- Reserves +€52,798
up €52,798 (+65.6%), from €80,486 to €133,284
- Trade debts -€34,010
down €34,010 (-57.2%), from €59,443 to €25,432
- Other debts +€26,666
new in 2025: €26,666
- Tax, wage and social debts +€20,923
up €20,923 (+95.7%), from €21,872 to €42,794
- Current portion of long-term debt -€12,470
down €12,470 (-61.4%), from €20,322 to €7,852
- Gross operating margin +€62,901
up €62,901 (+404.8%), from €15,538 to €78,438
- Taxes +€22,168
up €22,168 (+748.0%), from €2,963 to €25,131
- Depreciation -€14,146
down €14,146 (-86.5%), from €16,352 to €2,206
- Financial charges -€2,390
down €2,390 (-59.0%), from €4,053 to €1,663
- Financial income +€1,426
up €1,426 (+22.8%), from €6,259 to €7,685
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,218 | €248,697 | +€46,478 | +23.0% |
| Fixed assets | 21/28 | €15,900 | €24,694 | +€8,794 | +55.3% |
| Tangible fixed assets | 22/27 | €15,900 | €24,694 | +€8,794 | +55.3% |
| Furniture and vehicles | 24 | €10,738 | €21,027 | +€10,289 | +95.8% |
| Other tangible fixed assets | 26 | €5,162 | €3,667 | -€1,495 | -29.0% |
| Current assets | 29/58 | €186,318 | €224,002 | +€37,684 | +20.2% |
| Amounts receivable within one year | 40/41 | €183,646 | €192,101 | +€8,456 | +4.6% |
| Trade receivables | 40 | €35,148 | €26,747 | -€8,401 | -23.9% |
| Other amounts receivable | 41 | €148,498 | €165,354 | +€16,856 | +11.4% |
| Cash at bank and in hand | 54/58 | €1,297 | €30,434 | +€29,138 | +2246.8% |
| Deferred charges and accrued income | 490/1 | €1,376 | €1,467 | +€91 | +6.6% |
| Total equity and liabilities | 10/49 | €202,218 | €248,697 | +€46,478 | +23.0% |
| Equity | 10/15 | €79,409 | €134,284 | +€54,875 | +69.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €80,486 | €133,284 | +€52,798 | +65.6% |
| Distributable reserves | 133 | €80,486 | €133,284 | +€52,798 | +65.6% |
| Profit (loss) carried forward | 14 | -€2,077 | - | +€2,077 | |
| Amounts payable | 17/49 | €122,809 | €114,412 | -€8,397 | -6.8% |
| Amounts payable after more than one year | 17 | €19,492 | €11,639 | -€7,852 | -40.3% |
| Financial debts | 170/4 | €19,492 | €11,639 | -€7,852 | -40.3% |
| Amounts payable within one year | 42/48 | €101,637 | €102,745 | +€1,109 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €20,322 | €7,852 | -€12,470 | -61.4% |
| Trade debts | 44 | €59,443 | €25,432 | -€34,010 | -57.2% |
| Suppliers | 440/4 | €59,443 | €25,432 | -€34,010 | -57.2% |
| Taxes, remuneration and social security | 45 | €21,872 | €42,794 | +€20,923 | +95.7% |
| Taxes | 450/3 | €21,872 | €42,794 | +€20,923 | +95.7% |
| Other amounts payable | 47/48 | - | €26,666 | +€26,666 | |
| Accrued charges and deferred income | 492/3 | €1,680 | €27 | -€1,653 | -98.4% |
| Non-recurring operating income | 76A | €6,650 | €15,000 | +€8,350 | +125.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,352 | €2,206 | -€14,146 | -86.5% |
| Other operating charges | 640/8 | €505 | €583 | +€78 | +15.4% |
| Gross operating margin | 9900 | €15,538 | €78,438 | +€62,901 | +404.8% |
| Operating profit (loss) | 9901 | -€1,320 | €75,650 | +€76,969 | |
| Financial income | 75/76B | €6,259 | €7,685 | +€1,426 | +22.8% |
| Recurring financial income | 75 | €6,259 | €7,685 | +€1,426 | +22.8% |
| Financial charges | 65/66B | €4,053 | €1,663 | -€2,390 | -59.0% |
| Recurring financial charges | 65 | €4,053 | €1,663 | -€2,390 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €886 | €81,672 | +€80,786 | +9113.8% |
| Income taxes | 67/77 | €2,963 | €25,131 | +€22,168 | +748.0% |
| Profit (loss) for the period | 9904 | -€2,077 | €56,541 | +€58,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,077 | €56,541 | +€58,618 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.