Emerald Expeditors: 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.
Emerald Expeditors
Largest movements
- Tangible fixed assets +€506,827
up €506,827 (+31.5%), from €1.6m to €2.1m
of which Land and buildings: +€498,713
- Cash +€364,768
up €364,768 (+19.1%), from €1.9m to €2.3m
mainly Net result for the year (+€2.4m) and Receivables within one year (+€286,882)
- Receivables within one year -€286,882
down €286,882 (-23.4%), from €1.2m to €941,112
of which Other amounts receivable: -€450,515
- Reserves +€2.4m
up €2.4m (+1485.1%), from €160,308 to €2.5m
- Other debts -€1.3m
down €1.3m (-65.3%), from €2.0m to €691,740
- Current portion of long-term debt -€228,372
down €228,372 (-19.0%), from €1.2m to €974,084
- Tax, wage and social debts -€172,292
down €172,292 (-89.0%), from €193,587 to €21,295
of which Taxes: -€172,453
- Debts after one year -€158,184
down €158,184 (-9.4%), from €1.7m to €1.5m
- Financial income +€2.3m
up €2.3m (+33756.1%), from €6,698 to €2.3m
- Gross operating margin -€198,180
down €198,180 (-36.2%), from €547,114 to €348,935
- Taxes -€123,068
down €123,068, from €112,475 to -€10,593
- Financial charges +€85,856
up €85,856 (+119.7%), from €71,750 to €157,606
- Depreciation +€23,782
up €23,782 (+61.6%), from €38,605 to €62,388
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 | €5,291,856 | €5,875,787 | +€583,931 | +11.0% |
| Fixed assets | 21/28 | €2,157,859 | €2,661,686 | +€503,827 | +23.3% |
| Tangible fixed assets | 22/27 | €1,608,509 | €2,115,336 | +€506,827 | +31.5% |
| Land and buildings | 22 | €1,584,442 | €2,083,156 | +€498,713 | +31.5% |
| Furniture and vehicles | 24 | €24,067 | €32,180 | +€8,114 | +33.7% |
| Financial fixed assets | 28 | €549,350 | €546,350 | -€3,000 | -0.5% |
| Current assets | 29/58 | €3,133,997 | €3,214,101 | +€80,104 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,227,994 | €941,112 | -€286,882 | -23.4% |
| Trade receivables | 40 | €97,663 | €261,296 | +€163,633 | +167.5% |
| Other amounts receivable | 41 | €1,130,331 | €679,816 | -€450,515 | -39.9% |
| Cash at bank and in hand | 54/58 | €1,906,002 | €2,270,771 | +€364,768 | +19.1% |
| Deferred charges and accrued income | 490/1 | - | €2,218 | +€2,218 | |
| Total equity and liabilities | 10/49 | €5,291,856 | €5,875,787 | +€583,931 | +11.0% |
| Equity | 10/15 | €163,308 | €2,544,046 | +€2.4m | +1457.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €160,308 | €2,541,008 | +€2.4m | +1485.1% |
| Distributable reserves | 133 | €160,308 | €2,541,008 | +€2.4m | +1485.1% |
| Profit (loss) carried forward | 14 | €0 | €38 | +€38 | |
| Amounts payable | 17/49 | €5,128,547 | €3,331,740 | -€1.8m | -35.0% |
| Amounts payable after more than one year | 17 | €1,684,100 | €1,525,916 | -€158,184 | -9.4% |
| Financial debts | 170/4 | €1,684,100 | €1,525,916 | -€158,184 | -9.4% |
| Amounts payable within one year | 42/48 | €3,442,158 | €1,805,825 | -€1.6m | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €1,202,456 | €974,084 | -€228,372 | -19.0% |
| Financial debts | 43 | €9,405 | €104,975 | +€95,571 | +1016.2% |
| Credit institutions | 430/8 | €9,405 | €104,975 | +€95,571 | +1016.2% |
| Trade debts | 44 | €43,922 | €13,730 | -€30,192 | -68.7% |
| Suppliers | 440/4 | €43,922 | €13,730 | -€30,192 | -68.7% |
| Taxes, remuneration and social security | 45 | €193,587 | €21,295 | -€172,292 | -89.0% |
| Taxes | 450/3 | €183,647 | €11,194 | -€172,453 | -93.9% |
| Remuneration and social security | 454/9 | €9,940 | €10,102 | +€161 | +1.6% |
| Other amounts payable | 47/48 | €1,992,789 | €691,740 | -€1.3m | -65.3% |
| Accrued charges and deferred income | 492/3 | €2,289 | €0 | -€2,289 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,605 | €62,388 | +€23,782 | +61.6% |
| Other operating charges | 640/8 | €8,151 | €2,488 | -€5,664 | -69.5% |
| Non-recurring operating charges | 66A | - | €24,067 | +€24,067 | |
| Gross operating margin | 9900 | €547,114 | €348,935 | -€198,180 | -36.2% |
| Operating profit (loss) | 9901 | €500,358 | €259,993 | -€240,365 | -48.0% |
| Financial income | 75/76B | €6,698 | €2,267,759 | +€2.3m | +33756.1% |
| Recurring financial income | 75 | €6,698 | €2,267,759 | +€2.3m | +33756.1% |
| Financial charges | 65/66B | €71,750 | €157,606 | +€85,856 | +119.7% |
| Recurring financial charges | 65 | €71,750 | €157,606 | +€85,856 | +119.7% |
| Profit (loss) for the period before taxes | 9903 | €435,306 | €2,370,145 | +€1.9m | +444.5% |
| Income taxes | 67/77 | €112,475 | -€10,593 | -€123,068 | |
| Profit (loss) for the period | 9904 | €322,831 | €2,380,738 | +€2.1m | +637.5% |
| Profit (loss) for the period to be appropriated | 9905 | €322,831 | €2,380,738 | +€2.1m | +637.5% |
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 6 October 2026 via checked.be.