EMG RETAIL: 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.
EMG RETAIL
Largest movements
- Tangible fixed assets -€163,268
down €163,268 (-98.1%), from €166,457 to €3,189
of which Other tangible fixed assets: -€157,986
- Stocks and contracts -€49,530
no longer reported in 2025 (was €49,530)
- Cash -€45,375
down €45,375 (-89.0%), from €50,982 to €5,607
mainly Trade debts (-€165,322) and Debts after one year (-€100,836)
- Trade debts -€165,322
down €165,322 (-90.7%), from €182,222 to €16,900
- Debts after one year -€100,836
no longer reported in 2025 (was €100,836)
- Profit (loss) carried forward +€41,764
up €41,764 (+44.7%), from -€93,499 to -€51,735
- Current portion of long-term debt -€25,205
no longer reported in 2025 (was €25,205)
- Tax, wage and social debts -€7,280
no longer reported in 2025 (was €7,280)
- Staff costs -€50,546
down €50,546 (-72.3%), from €69,953 to €19,407
- Gross operating margin +€38,491
up €38,491 (+129%), from €29,824 to €68,314
- Depreciation -€35,081
down €35,081 (-94.3%), from €37,199 to €2,117
- Other operating charges -€2,637
down €2,637 (-69.9%), from €3,774 to €1,137
- Financial charges -€2,409
down €2,409 (-38.2%), from €6,307 to €3,898
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.
Derived cash bridge
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 | €274,565 | €18,408 | -€256,157 | -93.3% |
| Fixed assets | 21/28 | €171,182 | €7,914 | -€163,268 | -95.4% |
| Tangible fixed assets | 22/27 | €166,457 | €3,189 | -€163,268 | -98.1% |
| Plant, machinery and equipment | 23 | €1,650 | - | -€1,650 | |
| Furniture and vehicles | 24 | €6,821 | €3,189 | -€3,631 | -53.2% |
| Other tangible fixed assets | 26 | €157,986 | - | -€157,986 | |
| Financial fixed assets | 28 | €4,725 | €4,725 | = | 0.0% |
| Current assets | 29/58 | €103,383 | €10,494 | -€92,890 | -89.8% |
| Stocks and contracts in progress | 3 | €49,530 | - | -€49,530 | |
| Stocks | 30/36 | €49,530 | - | -€49,530 | |
| Amounts receivable within one year | 40/41 | €2,496 | €4,887 | +€2,391 | +95.8% |
| Other amounts receivable | 41 | €2,496 | €4,887 | +€2,391 | +95.8% |
| Cash at bank and in hand | 54/58 | €50,982 | €5,607 | -€45,375 | -89.0% |
| Deferred charges and accrued income | 490/1 | €376 | - | -€376 | |
| Total equity and liabilities | 10/49 | €274,565 | €18,408 | -€256,157 | -93.3% |
| Equity | 10/15 | -€43,499 | -€1,735 | +€41,764 | +96.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,499 | -€51,735 | +€41,764 | +44.7% |
| Amounts payable | 17/49 | €318,064 | €20,143 | -€297,921 | -93.7% |
| Amounts payable after more than one year | 17 | €100,836 | - | -€100,836 | |
| Financial debts | 170/4 | €100,836 | - | -€100,836 | |
| Amounts payable within one year | 42/48 | €217,228 | €20,143 | -€197,085 | -90.7% |
| Current portion of amounts payable after more than one year | 42 | €25,205 | - | -€25,205 | |
| Trade debts | 44 | €182,222 | €16,900 | -€165,322 | -90.7% |
| Suppliers | 440/4 | €182,222 | €16,900 | -€165,322 | -90.7% |
| Taxes, remuneration and social security | 45 | €7,280 | - | -€7,280 | |
| Remuneration and social security | 454/9 | €7,280 | - | -€7,280 | |
| Other amounts payable | 47/48 | €2,520 | €3,243 | +€723 | +28.7% |
| Non-recurring operating income | 76A | - | €63,722 | +€63,722 | |
| Remuneration, social security and pensions | 62 | €69,953 | €19,407 | -€50,546 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,199 | €2,117 | -€35,081 | -94.3% |
| Other operating charges | 640/8 | €3,774 | €1,137 | -€2,637 | -69.9% |
| Gross operating margin | 9900 | €29,824 | €68,314 | +€38,491 | +129% |
| Operating profit (loss) | 9901 | -€81,102 | €45,653 | +€126,755 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,307 | €3,898 | -€2,409 | -38.2% |
| Recurring financial charges | 65 | €6,307 | €3,898 | -€2,409 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€87,410 | €41,764 | +€129,174 | |
| Profit (loss) for the period | 9904 | -€87,410 | €41,764 | +€129,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,410 | €41,764 | +€129,174 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.