Emgee Trading: 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.
Emgee Trading
Largest movements
- Cash -€138,918
down €138,918 (-37.8%), from €367,743 to €228,824
- Receivables within one year +€130,304
up €130,304 (+104%), from €125,288 to €255,592
of which Trade receivables: +€144,910
- Deferred charges and accrued income -€61,387
no longer reported in 2025 (was €61,387)
- Stocks and contracts +€53,433
up €53,433 (+69.0%), from €77,431 to €130,864
- Tangible fixed assets +€47,324
up €47,324 (+19.9%), from €238,227 to €285,551
of which Plant, machinery and equipment: +€50,038
- Trade debts +€139,904
up €139,904 (+156%), from €89,632 to €229,535
- Other debts -€57,336
no longer reported in 2025 (was €57,336)
- Tax, wage and social debts -€36,166
down €36,166 (-83.7%), from €43,192 to €7,026
- Debts after one year -€26,437
down €26,437 (-10.8%), from €245,693 to €219,256
- Profit (loss) carried forward +€9,663
up €9,663 (+2.6%), from €374,568 to €384,231
- Gross operating margin -€56,696
down €56,696 (-25.5%), from €222,638 to €165,941
- Staff costs +€49,503
up €49,503 (+92.6%), from €53,454 to €102,957
- Other operating charges +€5,957
up €5,957 (+599%), from €994 to €6,952
- Depreciation +€3,830
up €3,830 (+9.5%), from €40,386 to €44,216
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €870,074 | €900,831 | +€30,756 | +3.5% |
| Fixed assets | 21/28 | €238,227 | €285,551 | +€47,324 | +19.9% |
| Tangible fixed assets | 22/27 | €238,227 | €285,551 | +€47,324 | +19.9% |
| Land and buildings | 22 | €215,272 | €218,239 | +€2,968 | +1.4% |
| Plant, machinery and equipment | 23 | €16,664 | €66,702 | +€50,038 | +300% |
| Furniture and vehicles | 24 | €6,291 | €609 | -€5,682 | -90.3% |
| Current assets | 29/58 | €631,848 | €615,280 | -€16,567 | -2.6% |
| Stocks and contracts in progress | 3 | €77,431 | €130,864 | +€53,433 | +69.0% |
| Stocks | 30/36 | €77,431 | €130,864 | +€53,433 | +69.0% |
| Amounts receivable within one year | 40/41 | €125,288 | €255,592 | +€130,304 | +104% |
| Trade receivables | 40 | €89,744 | €234,654 | +€144,910 | +161% |
| Other amounts receivable | 41 | €35,543 | €20,938 | -€14,605 | -41.1% |
| Cash at bank and in hand | 54/58 | €367,743 | €228,824 | -€138,918 | -37.8% |
| Deferred charges and accrued income | 490/1 | €61,387 | - | -€61,387 | |
| Total equity and liabilities | 10/49 | €870,074 | €900,831 | +€30,756 | +3.5% |
| Equity | 10/15 | €396,568 | €406,231 | +€9,663 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €374,568 | €384,231 | +€9,663 | +2.6% |
| Amounts payable | 17/49 | €473,507 | €494,600 | +€21,093 | +4.5% |
| Amounts payable after more than one year | 17 | €245,693 | €219,256 | -€26,437 | -10.8% |
| Financial debts | 170/4 | €245,693 | €219,256 | -€26,437 | -10.8% |
| Amounts payable within one year | 42/48 | €227,814 | €275,344 | +€47,530 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €12,654 | €13,783 | +€1,129 | +8.9% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €89,632 | €229,535 | +€139,904 | +156% |
| Suppliers | 440/4 | €89,632 | €229,535 | +€139,904 | +156% |
| Taxes, remuneration and social security | 45 | €43,192 | €7,026 | -€36,166 | -83.7% |
| Taxes | 450/3 | €43,192 | €7,026 | -€36,166 | -83.7% |
| Other amounts payable | 47/48 | €57,336 | - | -€57,336 | |
| Remuneration, social security and pensions | 62 | €53,454 | €102,957 | +€49,503 | +92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,386 | €44,216 | +€3,830 | +9.5% |
| Other operating charges | 640/8 | €994 | €6,952 | +€5,957 | +599% |
| Gross operating margin | 9900 | €222,638 | €165,941 | -€56,696 | -25.5% |
| Operating profit (loss) | 9901 | €127,804 | €11,817 | -€115,986 | -90.8% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €1,929 | €2,154 | +€225 | +11.7% |
| Recurring financial charges | 65 | €1,929 | €2,154 | +€225 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €125,890 | €9,663 | -€116,227 | -92.3% |
| Profit (loss) for the period | 9904 | €125,890 | €9,663 | -€116,227 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €125,890 | €9,663 | -€116,227 | -92.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.