EMIN LOGISTICS: 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.
EMIN LOGISTICS
Largest movements
- Receivables within one year -€33,711
down €33,711 (-43.3%), from €77,838 to €44,127
of which Trade receivables: -€38,712
- Tangible fixed assets -€16,143
down €16,143 (-47.9%), from €33,729 to €17,586
of which Leasing and similar rights: -€16,600
- Cash +€9,473
up €9,473 (+7.0%), from €135,000 to €144,472
mainly Other debts (+€85,000) and Receivables within one year (+€33,711)
- Profit (loss) carried forward -€99,752
down €99,752 (-51.9%), from €192,211 to €92,458
- Other debts +€85,000
new in 2025: €85,000
- Current portion of long-term debt -€19,520
no longer reported in 2025 (was €19,520)
- Tax, wage and social debts -€5,850
down €5,850 (-22.7%), from €25,767 to €19,917
- Staff costs +€43,701
up €43,701 (+24.1%), from €181,669 to €225,371
- Taxes +€43,529
new in 2025: €43,529
- Gross operating margin -€23,830
down €23,830 (-6.6%), from €363,344 to €339,513
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 | €246,567 | €206,186 | -€40,382 | -16.4% |
| Fixed assets | 21/28 | €33,729 | €17,586 | -€16,143 | -47.9% |
| Tangible fixed assets | 22/27 | €33,729 | €17,586 | -€16,143 | -47.9% |
| Furniture and vehicles | 24 | €529 | €986 | +€457 | +86.3% |
| Leasing and similar rights | 25 | €33,200 | €16,600 | -€16,600 | -50.0% |
| Current assets | 29/58 | €212,838 | €188,599 | -€24,238 | -11.4% |
| Amounts receivable within one year | 40/41 | €77,838 | €44,127 | -€33,711 | -43.3% |
| Trade receivables | 40 | €75,983 | €37,271 | -€38,712 | -50.9% |
| Other amounts receivable | 41 | €1,855 | €6,856 | +€5,001 | +270% |
| Cash at bank and in hand | 54/58 | €135,000 | €144,472 | +€9,473 | +7.0% |
| Total equity and liabilities | 10/49 | €246,567 | €206,186 | -€40,382 | -16.4% |
| Equity | 10/15 | €194,211 | €94,458 | -€99,752 | -51.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,211 | €92,458 | -€99,752 | -51.9% |
| Amounts payable | 17/49 | €52,357 | €111,727 | +€59,371 | +113% |
| Amounts payable after more than one year | 17 | €6,770 | €6,770 | = | 0.0% |
| Financial debts | 170/4 | €6,770 | €6,770 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,587 | €104,958 | +€59,371 | +130% |
| Current portion of amounts payable after more than one year | 42 | €19,520 | - | -€19,520 | |
| Trade debts | 44 | €300 | €40 | -€260 | -86.6% |
| Suppliers | 440/4 | €300 | €40 | -€260 | -86.6% |
| Taxes, remuneration and social security | 45 | €25,767 | €19,917 | -€5,850 | -22.7% |
| Taxes | 450/3 | €25,767 | €19,917 | -€5,850 | -22.7% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Remuneration, social security and pensions | 62 | €181,669 | €225,371 | +€43,701 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,098 | €17,134 | +€36 | +0.2% |
| Other operating charges | 640/8 | €50,278 | €51,452 | +€1,174 | +2.3% |
| Gross operating margin | 9900 | €363,344 | €339,513 | -€23,830 | -6.6% |
| Operating profit (loss) | 9901 | €114,298 | €45,557 | -€68,741 | -60.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €3,333 | €1,785 | -€1,548 | -46.5% |
| Recurring financial charges | 65 | €3,333 | €1,785 | -€1,548 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €110,965 | €43,777 | -€67,188 | -60.5% |
| Income taxes | 67/77 | - | €43,529 | +€43,529 | |
| Profit (loss) for the period | 9904 | €110,965 | €248 | -€110,717 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,965 | €248 | -€110,717 | -99.8% |
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 16 October 2026 via checked.be.