EMG POOL: 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
EMG POOL
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €933,140+€211,679
Equity
€1.6m
2024 · €1.2m+€394,819
Cash
€3,499
2024 · €5,272-€1,773
Balance sheet total
€5.0m
2024 · €5.8m-€816,578
Largest movements
Assets
- Tangible fixed assets -€1.7m
down €1.7m (-35.7%), from €4.7m to €3.0m
of which Leasing and similar rights: -€1.4m
- Receivables within one year +€880,257
up €880,257 (+81.9%), from €1.1m to €2.0m
of which Trade receivables: +€1.5m
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-98.0%), from €1.2m to €22,740
- Other debts +€750,000
up €750,000 (+100.0%), from €750,000 to €1.5m
- Debts after one year -€661,718
down €661,718 (-60.9%), from €1.1m to €425,385
- Current portion of long-term debt -€621,133
down €621,133 (-48.4%), from €1.3m to €661,718
- Tax, wage and social debts +€477,907
up €477,907 (+140.8%), from €339,499 to €817,406
Income statement
- Turnover -€268,544
down €268,544 (-6.6%), from €4.1m to €3.8m
- Depreciation -€204,986
down €204,986 (-10.8%), from €1.9m to €1.7m
- Services and other goods -€195,565
down €195,565 (-49.8%), from €392,768 to €197,203
- Goods and materials -€91,779
down €91,779 (-20.1%), from €457,528 to €365,749
- Taxes +€88,193
up €88,193 (+26.1%), from €338,321 to €426,514
of which Taxes: +€86,219
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
€933,140
Turnover
-€268,544
Goods and materials
+€91,779
Services and other goods
+€195,565
Staff costs
+€24
Depreciation
+€204,986
Other operating charges
+€8,784
Other operating items
+€8,829
Financial income
+€8,648
Financial charges
+€49,802
Taxes
-€88,193
Result 2025
€1.1m
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.
From operations
+€2.0m
Investment
+€2,300
Financing
-€2.0m
Cash 2024
€5,272
From operations (derived)
+€2.0m
Net result for the year
+€1.1m
Depreciation
+€1.7m
Receivables within one year
-€880,257
Deferred charges and accrued income
+€196
Trade debts
-€1.1m
Tax, wage and social debts
+€477,907
Other debts
+€750,000
Investment (derived)
+€2,300
Investment in fixed assets (net)
+€2,300
Financing
-€2.0m
Debts after one year
-€661,718
Current portion of long-term debt
-€621,133
Short-term financial debts
-€15,372
Contributions, distributions and other
-€750,000
Cash 2025
€3,499
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,822,510 | €5,005,932 | -€816,578 | -14.0% |
| Fixed assets | 21/28 | €4,741,675 | €3,046,810 | -€1.7m | -35.7% |
| Tangible fixed assets | 22/27 | €4,739,375 | €3,046,810 | -€1.7m | -35.7% |
| Plant, machinery and equipment | 23 | €656,828 | €378,405 | -€278,423 | -42.4% |
| Leasing and similar rights | 25 | €4,082,547 | €2,668,405 | -€1.4m | -34.6% |
| Financial fixed assets | 28 | €2,300 | - | -€2,300 | |
| Other financial fixed assets | 284/8 | €2,300 | - | -€2,300 | |
| Amounts receivable and cash guarantees | 285/8 | €2,300 | - | -€2,300 | |
| Current assets | 29/58 | €1,080,835 | €1,959,123 | +€878,288 | +81.3% |
| Amounts receivable within one year | 40/41 | €1,075,366 | €1,955,623 | +€880,257 | +81.9% |
| Trade receivables | 40 | €87,653 | €1,546,351 | +€1.5m | +1664.2% |
| Other amounts receivable | 41 | €987,713 | €409,272 | -€578,441 | -58.6% |
| Cash at bank and in hand | 54/58 | €5,272 | €3,499 | -€1,773 | -33.6% |
| Deferred charges and accrued income | 490/1 | €196 | - | -€196 | |
| Total equity and liabilities | 10/49 | €5,822,510 | €5,005,932 | -€816,578 | -14.0% |
| Equity | 10/15 | €1,183,864 | €1,578,683 | +€394,819 | +33.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,175,804 | €1,570,623 | +€394,819 | +33.6% |
| Amounts payable | 17/49 | €4,638,646 | €3,427,249 | -€1.2m | -26.1% |
| Amounts payable after more than one year | 17 | €1,087,103 | €425,385 | -€661,718 | -60.9% |
| Financial debts | 170/4 | €1,087,103 | €425,385 | -€661,718 | -60.9% |
| Leasing and similar obligations | 172 | €1,087,103 | €425,385 | -€661,718 | -60.9% |
| Amounts payable within one year | 42/48 | €3,551,543 | €3,001,864 | -€549,679 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €1,282,851 | €661,718 | -€621,133 | -48.4% |
| Financial debts | 43 | €15,372 | - | -€15,372 | |
| Other loans | 439 | €15,372 | - | -€15,372 | |
| Trade debts | 44 | €1,163,821 | €22,740 | -€1.1m | -98.0% |
| Suppliers | 440/4 | €1,163,821 | €22,740 | -€1.1m | -98.0% |
| Taxes, remuneration and social security | 45 | €339,499 | €817,406 | +€477,907 | +140.8% |
| Taxes | 450/3 | €339,499 | €817,406 | +€477,907 | +140.8% |
| Other amounts payable | 47/48 | €750,000 | €1,500,000 | +€750,000 | +100.0% |
| Operating income | 70/76A | €4,102,779 | €3,843,064 | -€259,715 | -6.3% |
| Turnover | 70 | €4,097,842 | €3,829,297 | -€268,544 | -6.6% |
| Non-recurring operating income | 76A | €4,937 | €13,766 | +€8,829 | +178.8% |
| Operating charges | 60/66A | €2,756,862 | €2,255,724 | -€501,137 | -18.2% |
| Goods for resale, raw materials and consumables | 60 | €457,528 | €365,749 | -€91,779 | -20.1% |
| Purchases | 600/8 | €457,528 | €365,749 | -€91,779 | -20.1% |
| Services and other goods | 61 | €392,768 | €197,203 | -€195,565 | -49.8% |
| Remuneration, social security and pensions | 62 | €78 | €55 | -€24 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,897,552 | €1,692,566 | -€204,986 | -10.8% |
| Other operating charges | 640/8 | €8,936 | €152 | -€8,784 | -98.3% |
| Operating profit (loss) | 9901 | €1,345,917 | €1,587,339 | +€241,423 | +17.9% |
| Financial income | 75/76B | €780 | €9,427 | +€8,648 | +1108.8% |
| Recurring financial income | 75 | €780 | €9,427 | +€8,648 | +1108.8% |
| Income from current assets | 751 | €683 | €9,427 | +€8,745 | +1280.9% |
| Other financial income | 752/9 | €97 | - | -€97 | |
| Financial charges | 65/66B | €75,235 | €25,433 | -€49,802 | -66.2% |
| Recurring financial charges | 65 | €75,235 | €25,433 | -€49,802 | -66.2% |
| Debt charges | 650 | €71,649 | €23,044 | -€48,605 | -67.8% |
| Other financial charges | 652/9 | €3,586 | €2,389 | -€1,196 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €1,271,462 | €1,571,334 | +€299,872 | +23.6% |
| Income taxes | 67/77 | €338,321 | €426,514 | +€88,193 | +26.1% |
| Taxes | 670/3 | €340,296 | €426,514 | +€86,219 | +25.3% |
| Tax adjustments and reversals of tax provisions | 77 | €1,975 | - | -€1,975 | |
| Profit (loss) for the period | 9904 | €933,140 | €1,144,819 | +€211,679 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €933,140 | €1,144,819 | +€211,679 | +22.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.