Emek: what changed
Two financial 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.
Emek
Largest movements
- Receivables after one year -€402,000
down €402,000 (-89.3%), from €450,000 to €48,000
- Deferred charges and accrued income +€125,478
up €125,478 (+26,227%), from €478 to €125,956
- Receivables within one year +€94,676
up €94,676 (+136%), from €69,468 to €164,143
- Financial fixed assets +€50,205
up €50,205 (+67.2%), from €74,695 to €124,900
- Cash +€40,879
up €40,879 (+32.1%), from €127,392 to €168,270
mainly Receivables after one year (+€402,000) and Net result for the year (+€50,819)
- Trade debts -€122,843
down €122,843 (-71.1%), from €172,718 to €49,875
- Profit (loss) carried forward +€50,819
up €50,819 (+16.4%), from €310,240 to €361,060
- Tax, wage and social debts +€23,235
up €23,235 (+17.4%), from €133,807 to €157,042
of which Taxes: +€27,394
- Debts after one year -€10,258
down €10,258 (-9.0%), from €113,475 to €103,217
- Gross operating margin -€113,654
down €113,654 (-26.7%), from €426,399 to €312,745
- Depreciation -€24,915
down €24,915 (-63.6%), from €39,181 to €14,266
- Financial charges -€19,537
down €19,537 (-60.2%), from €32,433 to €12,896
- Staff costs +€17,844
up €17,844 (+14.4%), from €124,271 to €142,115
- Taxes +€16,050
up €16,050 (+22.0%), from €73,079 to €89,129
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.
Derived cash bridge
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 | €760,573 | €700,051 | -€60,521 | -8.0% |
| Fixed assets | 21/28 | €111,532 | €188,722 | +€77,190 | +69.2% |
| Intangible fixed assets | 21 | €5,952 | €3,095 | -€2,857 | -48.0% |
| Tangible fixed assets | 22/27 | €30,884 | €60,727 | +€29,842 | +96.6% |
| Plant, machinery and equipment | 23 | €2,919 | €898 | -€2,021 | -69.2% |
| Furniture and vehicles | 24 | €8,395 | €11,097 | +€2,703 | +32.2% |
| Other tangible fixed assets | 26 | €19,571 | €48,731 | +€29,160 | +149% |
| Financial fixed assets | 28 | €74,695 | €124,900 | +€50,205 | +67.2% |
| Current assets | 29/58 | €649,041 | €511,329 | -€137,711 | -21.2% |
| Amounts receivable after more than one year | 29 | €450,000 | €48,000 | -€402,000 | -89.3% |
| Other amounts receivable | 291 | €450,000 | €48,000 | -€402,000 | -89.3% |
| Stocks and contracts in progress | 3 | €1,703 | €4,960 | +€3,256 | +191% |
| Stocks | 30/36 | €1,703 | €4,960 | +€3,256 | +191% |
| Amounts receivable within one year | 40/41 | €69,468 | €164,143 | +€94,676 | +136% |
| Other amounts receivable | 41 | €69,468 | €164,143 | +€94,676 | +136% |
| Cash at bank and in hand | 54/58 | €127,392 | €168,270 | +€40,879 | +32.1% |
| Deferred charges and accrued income | 490/1 | €478 | €125,956 | +€125,478 | +26,227% |
| Total equity and liabilities | 10/49 | €760,573 | €700,051 | -€60,521 | -8.0% |
| Equity | 10/15 | €328,840 | €379,660 | +€50,819 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,240 | €361,060 | +€50,819 | +16.4% |
| Amounts payable | 17/49 | €431,732 | €320,392 | -€111,341 | -25.8% |
| Amounts payable after more than one year | 17 | €113,475 | €103,217 | -€10,258 | -9.0% |
| Financial debts | 170/4 | €113,475 | €103,217 | -€10,258 | -9.0% |
| Amounts payable within one year | 42/48 | €316,207 | €217,175 | -€99,032 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €9,682 | €10,258 | +€576 | +5.9% |
| Trade debts | 44 | €172,718 | €49,875 | -€122,843 | -71.1% |
| Suppliers | 440/4 | €172,718 | €49,875 | -€122,843 | -71.1% |
| Taxes, remuneration and social security | 45 | €133,807 | €157,042 | +€23,235 | +17.4% |
| Taxes | 450/3 | €117,141 | €144,535 | +€27,394 | +23.4% |
| Remuneration and social security | 454/9 | €16,667 | €12,507 | -€4,160 | -25.0% |
| Accrued charges and deferred income | 492/3 | €2,050 | - | -€2,050 | |
| Remuneration, social security and pensions | 62 | €124,271 | €142,115 | +€17,844 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,181 | €14,266 | -€24,915 | -63.6% |
| Other operating charges | 640/8 | €1,925 | €3,544 | +€1,619 | +84.1% |
| Gross operating margin | 9900 | €426,399 | €312,745 | -€113,654 | -26.7% |
| Operating profit (loss) | 9901 | €261,022 | €152,820 | -€108,202 | -41.5% |
| Financial income | 75/76B | €10 | €24 | +€13 | +127% |
| Recurring financial income | 75 | €10 | €24 | +€13 | +127% |
| Financial charges | 65/66B | €32,433 | €12,896 | -€19,537 | -60.2% |
| Recurring financial charges | 65 | €32,433 | €12,896 | -€19,537 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €228,600 | €139,948 | -€88,652 | -38.8% |
| Income taxes | 67/77 | €73,079 | €89,129 | +€16,050 | +22.0% |
| Profit (loss) for the period | 9904 | €155,521 | €50,819 | -€104,702 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,521 | €50,819 | -€104,702 | -67.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.