EMEA TRADE: 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 TRADE
Largest movements
- Receivables within one year -€44,484
down €44,484 (-64.9%), from €68,517 to €24,033
of which Trade receivables: -€44,695
- Cash +€1,471
up €1,471 (+1387.7%), from €106 to €1,577
mainly Receivables within one year (+€44,484) and Other debts (+€4,233)
- Trade debts -€21,214
down €21,214 (-82.2%), from €25,823 to €4,609
- Advances received -€20,000
down €20,000 (-27.0%), from €74,030 to €54,030
- Profit (loss) carried forward -€6,032
down €6,032 (-9.9%), from -€61,143 to -€67,175
- Other debts +€4,233
up €4,233 (+14.5%), from €29,156 to €33,389
- Other operating charges -€47,057
no longer reported in 2025 (was €47,057)
- Gross operating margin -€45,917
down €45,917, from €39,936 to -€5,981
- Purchases and services -€13,915
no longer reported in 2025 (was €13,915)
- Turnover -€8,054
no longer reported in 2025 (was €8,054)
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 | €100,930 | €57,917 | -€43,013 | -42.6% |
| Fixed assets | 21/28 | €1,657 | €1,657 | = | 0.0% |
| Financial fixed assets | 28 | €1,657 | €1,657 | = | 0.0% |
| Current assets | 29/58 | €99,273 | €56,260 | -€43,013 | -43.3% |
| Amounts receivable within one year | 40/41 | €68,517 | €24,033 | -€44,484 | -64.9% |
| Trade receivables | 40 | €67,182 | €22,487 | -€44,695 | -66.5% |
| Other amounts receivable | 41 | €1,335 | €1,546 | +€211 | +15.8% |
| Cash at bank and in hand | 54/58 | €106 | €1,577 | +€1,471 | +1387.7% |
| Deferred charges and accrued income | 490/1 | €30,650 | €30,650 | = | 0.0% |
| Total equity and liabilities | 10/49 | €100,930 | €57,917 | -€43,013 | -42.6% |
| Equity | 10/15 | -€29,084 | -€35,116 | -€6,032 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,459 | €13,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,599 | €11,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,143 | -€67,175 | -€6,032 | -9.9% |
| Amounts payable | 17/49 | €130,014 | €93,033 | -€36,981 | -28.4% |
| Amounts payable within one year | 42/48 | €130,014 | €93,033 | -€36,981 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €494 | €494 | = | 0.0% |
| Financial debts | 43 | €511 | €511 | = | 0.0% |
| Credit institutions | 430/8 | €511 | €511 | = | 0.0% |
| Trade debts | 44 | €25,823 | €4,609 | -€21,214 | -82.2% |
| Suppliers | 440/4 | €25,823 | €4,609 | -€21,214 | -82.2% |
| Advances received on contracts in progress | 46 | €74,030 | €54,030 | -€20,000 | -27.0% |
| Other amounts payable | 47/48 | €29,156 | €33,389 | +€4,233 | +14.5% |
| Turnover | 70 | €8,054 | - | -€8,054 | |
| Goods, raw materials, services and sundry goods | 60/61 | €13,915 | - | -€13,915 | |
| Other operating charges | 640/8 | €47,057 | - | -€47,057 | |
| Non-recurring operating charges | 66A | €47,404 | - | -€47,404 | |
| Gross operating margin | 9900 | €39,936 | -€5,981 | -€45,917 | |
| Operating profit (loss) | 9901 | -€54,525 | -€5,981 | +€48,544 | +89.0% |
| Financial charges | 65/66B | €225 | €51 | -€174 | -77.3% |
| Recurring financial charges | 65 | €225 | €51 | -€174 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | -€54,750 | -€6,032 | +€48,718 | +89.0% |
| Profit (loss) for the period | 9904 | -€54,750 | -€6,032 | +€48,718 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,750 | -€6,032 | +€48,718 | +89.0% |
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 3 October 2026 via checked.be.