EMERSON PROCESS MANAGEMENT: 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.
What changed
EMERSON PROCESS MANAGEMENT
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€37.5m
2024 · -€7.1m-€30.4m
Equity
-€33.9m
2024 · €3.6m-€37.5m
Cash
-
not filed
Balance sheet total
€22.2m
2024 · €65.0m-€42.8m
Largest movements
Assets
- Financial fixed assets -€41.8m
down €41.8m (-99.4%), from €42.0m to €236,017
of which Affiliated companies: -€41.7m
- Receivables within one year -€1.6m
down €1.6m (-11.3%), from €14.3m to €12.6m
of which Trade receivables: -€1.3m
- Current investments +€1.3m
up €1.3m (+29.7%), from €4.3m to €5.6m
Equity and liabilities
- Profit (loss) carried forward -€37.5m
down €37.5m, from €2.8m to -€34.6m
- Short-term financial debts -€3.3m
down €3.3m (-7.6%), from €44.0m to €40.7m
- Accrued charges and deferred income -€1.4m
down €1.4m (-70.4%), from €2.0m to €597,682
- Provisions -€1.1m
down €1.1m (-40.0%), from €2.7m to €1.6m
Income statement
- Financial charges +€29.4m
up €29.4m (+208%), from €14.1m to €43.5m
of which Non-recurring financial charges: +€29.9m
- Goods and materials -€5.1m
down €5.1m (-14.3%), from €35.6m to €30.5m
- Turnover -€3.0m
down €3.0m (-5.1%), from €59.2m to €56.2m
- Provisions +€2.2m
up €2.2m (+66.7%), from -€3.3m to -€1.1m
- Staff costs -€592,667
down €592,667 (-4.4%), from €13.4m to €12.8m
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.
Result 2024
-€7.1m
Turnover
-€3.0m
Other operating income
+€484,414
Goods and materials
+€5.1m
Services and other goods
-€319,257
Staff costs
+€592,667
Depreciation
+€8,703
Write-downs
-€350,113
Provisions
-€2.2m
Other operating charges
+€73,827
Other operating items
-€1.0m
Financial income
+€275,840
Financial charges
-€29.4m
Other financial items
-€292,855
Taxes
-€361,850
Deferred taxes and other
+€1
Result 2025
-€37.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,991,723 | €22,154,549 | -€42.8m | -65.9% |
| Fixed assets | 21/28 | €43,146,542 | €1,227,940 | -€41.9m | -97.2% |
| Intangible fixed assets | 21 | €293,918 | €232,685 | -€61,233 | -20.8% |
| Tangible fixed assets | 22/27 | €849,907 | €759,238 | -€90,669 | -10.7% |
| Land and buildings | 22 | €162,378 | €123,738 | -€38,640 | -23.8% |
| Plant, machinery and equipment | 23 | €572,117 | €478,745 | -€93,372 | -16.3% |
| Leasing and similar rights | 25 | €97,254 | €151,003 | +€53,749 | +55.3% |
| Assets under construction and advance payments | 27 | €18,159 | €5,752 | -€12,407 | -68.3% |
| Financial fixed assets | 28 | €42,002,716 | €236,017 | -€41.8m | -99.4% |
| Affiliated companies | 280/1 | €41,733,000 | €0 | -€41.7m | -100% |
| Participating interests | 280 | €41,733,000 | €0 | -€41.7m | -100% |
| Other financial fixed assets | 284/8 | €269,716 | €236,017 | -€33,699 | -12.5% |
| Amounts receivable and cash guarantees | 285/8 | €269,716 | €236,017 | -€33,699 | -12.5% |
| Current assets | 29/58 | €21,845,182 | €20,926,608 | -€918,574 | -4.2% |
| Stocks and contracts in progress | 3 | €2,778,548 | €2,187,651 | -€590,897 | -21.3% |
| Stocks | 30/36 | €723,463 | €660,389 | -€63,074 | -8.7% |
| Goods purchased for resale | 34 | €723,463 | €660,389 | -€63,074 | -8.7% |
| Contracts in progress | 37 | €2,055,085 | €1,527,262 | -€527,823 | -25.7% |
| Amounts receivable within one year | 40/41 | €14,254,749 | €12,644,179 | -€1.6m | -11.3% |
| Trade receivables | 40 | €13,764,398 | €12,509,149 | -€1.3m | -9.1% |
| Other amounts receivable | 41 | €490,351 | €135,029 | -€355,322 | -72.5% |
| Current investments | 50/53 | €4,311,697 | €5,591,996 | +€1.3m | +29.7% |
| Other investments | 51/53 | €4,311,697 | €5,591,996 | +€1.3m | +29.7% |
| Deferred charges and accrued income | 490/1 | €500,187 | €502,783 | +€2,596 | +0.5% |
| Total equity and liabilities | 10/49 | €64,991,723 | €22,154,549 | -€42.8m | -65.9% |
| Equity | 10/15 | €3,592,821 | -€33,884,373 | -€37.5m | |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Capital | 10 | €510,000 | €510,000 | = | 0.0% |
| Issued capital | 100 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €251,000 | €251,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €251,000 | €251,000 | = | 0.0% |
| Legal reserve | 130 | €251,000 | €251,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,831,821 | -€34,645,373 | -€37.5m | |
| Provisions and deferred taxes | 16 | €2,733,719 | €1,638,912 | -€1.1m | -40.0% |
| Provisions for liabilities and charges | 160/5 | €2,733,719 | €1,638,912 | -€1.1m | -40.0% |
| Major repairs and maintenance | 162 | €125,000 | €125,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,608,719 | €1,513,912 | -€1.1m | -42.0% |
| Amounts payable | 17/49 | €58,665,183 | €54,400,010 | -€4.3m | -7.3% |
| Amounts payable within one year | 42/48 | €56,647,046 | €53,802,328 | -€2.8m | -5.0% |
| Financial debts | 43 | €43,997,529 | €40,662,956 | -€3.3m | -7.6% |
| Other loans | 439 | €43,997,529 | €40,662,956 | -€3.3m | -7.6% |
| Trade debts | 44 | €5,920,823 | €6,406,300 | +€485,477 | +8.2% |
| Suppliers | 440/4 | €5,920,823 | €6,406,300 | +€485,477 | +8.2% |
| Advances received on contracts in progress | 46 | €3,632,667 | €3,337,567 | -€295,100 | -8.1% |
| Taxes, remuneration and social security | 45 | €3,096,026 | €3,395,504 | +€299,478 | +9.7% |
| Taxes | 450/3 | €946,739 | €927,259 | -€19,480 | -2.1% |
| Remuneration and social security | 454/9 | €2,149,288 | €2,468,245 | +€318,957 | +14.8% |
| Accrued charges and deferred income | 492/3 | €2,018,137 | €597,682 | -€1.4m | -70.4% |
| Operating income | 70/76A | €63,384,436 | €59,843,117 | -€3.5m | -5.6% |
| Turnover | 70 | €59,188,377 | €56,186,952 | -€3.0m | -5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €836,107 | -€188,202 | -€1.0m | |
| Other operating income | 74 | €3,359,953 | €3,844,367 | +€484,414 | +14.4% |
| Operating charges | 60/66A | €55,781,528 | €52,859,373 | -€2.9m | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €35,647,933 | €30,534,793 | -€5.1m | -14.3% |
| Purchases | 600/8 | - | €30,471,719 | +€30.5m | |
| Change in stocks: decrease (increase) | 609 | €373,802 | €63,074 | -€310,728 | -83.1% |
| Services and other goods | 61 | €9,675,291 | €9,994,548 | +€319,257 | +3.3% |
| Remuneration, social security and pensions | 62 | €13,418,649 | €12,825,982 | -€592,667 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,261 | €226,558 | -€8,703 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €822 | €350,935 | +€350,113 | +42,593% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,291,620 | -€1,094,808 | +€2.2m | +66.7% |
| Other operating charges | 640/8 | €95,192 | €21,365 | -€73,827 | -77.6% |
| Operating profit (loss) | 9901 | €7,602,909 | €6,983,744 | -€619,165 | -8.1% |
| Financial income | 75/76B | - | €275,840 | +€275,840 | |
| Recurring financial income | 75 | €292,855 | €275,840 | -€17,015 | -5.8% |
| Income from current assets | 751 | €286,378 | €186,554 | -€99,824 | -34.9% |
| Other financial income | 752/9 | €6,477 | €89,286 | +€82,809 | +1,279% |
| Financial charges | 65/66B | €14,146,180 | €43,513,906 | +€29.4m | +208% |
| Recurring financial charges | 65 | €2,285,864 | €1,780,906 | -€504,958 | -22.1% |
| Debt charges | 650 | €2,246,094 | €1,719,897 | -€526,197 | -23.4% |
| Other financial charges | 652/9 | €39,770 | €61,009 | +€21,239 | +53.4% |
| Non-recurring financial charges | 66B | €11,860,316 | €41,733,000 | +€29.9m | +252% |
| Profit (loss) for the period before taxes | 9903 | -€6,250,416 | -€36,254,322 | -€30.0m | -480% |
| Income taxes | 67/77 | €861,023 | €1,222,873 | +€361,850 | +42.0% |
| Taxes | 670/3 | €861,023 | €1,222,873 | +€361,850 | +42.0% |
| Profit (loss) for the period | 9904 | -€7,111,440 | -€37,477,195 | -€30.4m | -427% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,111,440 | -€37,477,195 | -€30.4m | -427% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.