emr: 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
emr
NACE 33.140, Repair and maintenance of electrical equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,296
2024 · €5,920+€41,377
Equity
€1.1m
2024 · €783,722+€287,296
Cash
€29,316
2024 · €20,036+€9,280
Balance sheet total
€2.9m
2024 · €2.7m+€160,146
Largest movements
Assets
- Stocks and contracts +€130,266
up €130,266 (+8.9%), from €1.5m to €1.6m
of which Stocks: +€129,752
- Receivables within one year +€115,672
up €115,672 (+29.7%), from €389,559 to €505,231
of which Trade receivables: +€113,449
- Tangible fixed assets -€90,384
down €90,384 (-12.6%), from €716,300 to €625,916
Equity and liabilities
- Contributions +€300,000
up €300,000 (+300%), from €100,000 to €400,000
- Debts after one year -€228,854
down €228,854 (-32.6%), from €701,554 to €472,700
of which Other amounts payable: -€175,000
- Trade debts +€193,046
up €193,046 (+38.2%), from €505,743 to €698,790
- Other debts -€74,450
down €74,450 (-22.1%), from €336,405 to €261,955
- Current portion of long-term debt -€29,324
down €29,324 (-33.7%), from €86,985 to €57,661
Income statement
- Staff costs -€74,702
down €74,702 (-24.8%), from €301,332 to €226,629
- Gross operating margin -€23,642
down €23,642 (-4.8%), from €497,293 to €473,651
- Taxes -€16,434
down €16,434 (-64.1%), from €25,653 to €9,219
- Financial charges -€11,485
down €11,485 (-23.0%), from €49,950 to €38,465
- Other operating charges +€5,196
up €5,196 (+55.4%), from €9,373 to €14,569
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
€5,920
Gross operating margin
-€23,642
Staff costs
+€74,702
Depreciation
+€1,174
Other operating charges
-€5,196
Other operating items
-€20,500
Financial income
-€7
Financial charges
+€11,485
Taxes
+€16,434
Deferred taxes and other
-€13,074
Result 2025
€47,296
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€58,037
Investment
-€30,315
Financing
-€18,442
Cash 2024
€20,036
From operations (derived)
+€58,037
Net result for the year
+€47,296
Depreciation
+€123,453
Stocks and contracts
-€130,266
Receivables within one year
-€115,672
Deferred charges and accrued income
+€1,934
Provisions
+€16,302
Trade debts
+€193,046
Tax, wage and social debts
-€3,607
Other debts
-€74,450
Investment (derived)
-€30,315
Investment in fixed assets (net)
-€30,315
Financing
-€18,442
Debts after one year
-€228,854
Current portion of long-term debt
-€29,324
Short-term financial debts
-€263
Contributions, distributions and other
+€240,000
Cash 2025
€29,316
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,733,198 | €2,893,345 | +€160,146 | +5.9% |
| Fixed assets | 21/28 | €862,150 | €769,012 | -€93,137 | -10.8% |
| Intangible fixed assets | 21 | €136,737 | €133,983 | -€2,754 | -2.0% |
| Tangible fixed assets | 22/27 | €716,300 | €625,916 | -€90,384 | -12.6% |
| Land and buildings | 22 | €592,663 | €563,098 | -€29,564 | -5.0% |
| Plant, machinery and equipment | 23 | €65,138 | €35,273 | -€29,866 | -45.8% |
| Furniture and vehicles | 24 | €26,263 | €5,808 | -€20,455 | -77.9% |
| Other tangible fixed assets | 26 | €32,237 | €21,738 | -€10,499 | -32.6% |
| Financial fixed assets | 28 | €9,113 | €9,113 | = | 0.0% |
| Current assets | 29/58 | €1,871,048 | €2,124,332 | +€253,284 | +13.5% |
| Stocks and contracts in progress | 3 | €1,459,519 | €1,589,785 | +€130,266 | +8.9% |
| Stocks | 30/36 | €1,424,926 | €1,554,678 | +€129,752 | +9.1% |
| Contracts in progress | 37 | €34,593 | €35,107 | +€514 | +1.5% |
| Amounts receivable within one year | 40/41 | €389,559 | €505,231 | +€115,672 | +29.7% |
| Trade receivables | 40 | €341,694 | €455,143 | +€113,449 | +33.2% |
| Other amounts receivable | 41 | €47,865 | €50,089 | +€2,223 | +4.6% |
| Cash at bank and in hand | 54/58 | €20,036 | €29,316 | +€9,280 | +46.3% |
| Deferred charges and accrued income | 490/1 | €1,934 | - | -€1,934 | |
| Total equity and liabilities | 10/49 | €2,733,198 | €2,893,345 | +€160,146 | +5.9% |
| Equity | 10/15 | €783,722 | €1,071,019 | +€287,296 | +36.7% |
| Contributions | 10/11 | €100,000 | €400,000 | +€300,000 | +300% |
| Capital | 10 | €100,000 | €400,000 | +€300,000 | +300% |
| Issued capital | 100 | €100,000 | €400,000 | +€300,000 | +300% |
| Reserves | 13 | €540,197 | €530,083 | -€10,114 | -1.9% |
| Non-distributable reserves | 130/1 | €10,000 | €13,100 | +€3,100 | +31.0% |
| Legal reserve | 130 | €10,000 | €13,100 | +€3,100 | +31.0% |
| Tax-exempt reserves | 132 | €15,197 | €1,983 | -€13,214 | -87.0% |
| Distributable reserves | 133 | €515,000 | €515,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,525 | €140,935 | -€2,590 | -1.8% |
| Provisions and deferred taxes | 16 | €4,198 | €20,500 | +€16,302 | +388% |
| Provisions for liabilities and charges | 160/5 | - | €20,500 | +€20,500 | |
| Other liabilities and charges | 164/5 | - | €20,500 | +€20,500 | |
| Deferred taxes | 168 | €4,198 | - | -€4,198 | |
| Amounts payable | 17/49 | €1,945,278 | €1,801,826 | -€143,452 | -7.4% |
| Amounts payable after more than one year | 17 | €701,554 | €472,700 | -€228,854 | -32.6% |
| Financial debts | 170/4 | €526,554 | €472,700 | -€53,854 | -10.2% |
| Other amounts payable | 178/9 | €175,000 | - | -€175,000 | |
| Amounts payable within one year | 42/48 | €1,243,673 | €1,329,075 | +€85,402 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €86,985 | €57,661 | -€29,324 | -33.7% |
| Financial debts | 43 | €154,082 | €153,819 | -€263 | -0.2% |
| Credit institutions | 430/8 | €154,082 | €153,819 | -€263 | -0.2% |
| Trade debts | 44 | €505,743 | €698,790 | +€193,046 | +38.2% |
| Suppliers | 440/4 | €505,743 | €698,790 | +€193,046 | +38.2% |
| Taxes, remuneration and social security | 45 | €160,458 | €156,851 | -€3,607 | -2.2% |
| Taxes | 450/3 | €108,339 | €117,251 | +€8,913 | +8.2% |
| Remuneration and social security | 454/9 | €52,119 | €39,600 | -€12,519 | -24.0% |
| Other amounts payable | 47/48 | €336,405 | €261,955 | -€74,450 | -22.1% |
| Accrued charges and deferred income | 492/3 | €51 | €51 | = | 0.0% |
| Non-recurring operating income | 76A | - | €43,068 | +€43,068 | |
| Remuneration, social security and pensions | 62 | €301,332 | €226,629 | -€74,702 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,627 | €123,453 | -€1,174 | -0.9% |
| Other operating charges | 640/8 | €9,373 | €14,569 | +€5,196 | +55.4% |
| Non-recurring operating charges | 66A | - | €20,500 | +€20,500 | |
| Gross operating margin | 9900 | €497,293 | €473,651 | -€23,642 | -4.8% |
| Operating profit (loss) | 9901 | €61,961 | €88,500 | +€26,539 | +42.8% |
| Financial income | 75/76B | €2,289 | €2,282 | -€7 | -0.3% |
| Recurring financial income | 75 | €2,289 | €2,282 | -€7 | -0.3% |
| Financial charges | 65/66B | €49,950 | €38,465 | -€11,485 | -23.0% |
| Recurring financial charges | 65 | €49,950 | €38,465 | -€11,485 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €14,301 | €52,318 | +€38,017 | +266% |
| Transfer from deferred taxes | 780 | €17,272 | €4,198 | -€13,074 | -75.7% |
| Income taxes | 67/77 | €25,653 | €9,219 | -€16,434 | -64.1% |
| Profit (loss) for the period | 9904 | €5,920 | €47,296 | +€41,377 | +699% |
| Transfer from tax-exempt reserves | 789 | €51,817 | €13,214 | -€38,603 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,737 | €60,510 | +€2,773 | +4.8% |
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 15 October 2026 via checked.be.