EMREB: 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.
EMREB
Largest movements
- Receivables within one year +€57,109
up €57,109 (+160%), from €35,740 to €92,849
of which Trade receivables: +€65,298
- Tangible fixed assets -€30,396
down €30,396 (-3.7%), from €820,324 to €789,928
of which Land and buildings: -€45,629
- Cash +€19,258
up €19,258 (+5.2%), from €370,154 to €389,412
mainly Net result for the year (+€144,985) and Trade debts (+€74,926)
- Profit (loss) carried forward +€144,985
up €144,985 (+19.8%), from €733,440 to €878,426
- Reserves -€140,000
down €140,000 (-26.8%), from €522,019 to €382,019
of which Distributable reserves: -€140,000
- Trade debts +€74,926
up €74,926 (+41,735%), from €180 to €75,106
- Tax, wage and social debts -€35,265
down €35,265 (-92.5%), from €38,110 to €2,845
- Gross operating margin -€4,113
down €4,113 (-1.6%), from €251,348 to €247,234
- Financial income +€3,125
up €3,125 (+301%), from €1,037 to €4,162
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,361,514 | €1,409,783 | +€48,269 | +3.5% |
| Fixed assets | 21/28 | €820,324 | €789,928 | -€30,396 | -3.7% |
| Tangible fixed assets | 22/27 | €820,324 | €789,928 | -€30,396 | -3.7% |
| Land and buildings | 22 | €808,127 | €762,498 | -€45,629 | -5.6% |
| Plant, machinery and equipment | 23 | €11,459 | €18,566 | +€7,107 | +62.0% |
| Furniture and vehicles | 24 | €737 | €8,864 | +€8,126 | +1,102% |
| Current assets | 29/58 | €541,190 | €619,855 | +€78,665 | +14.5% |
| Amounts receivable within one year | 40/41 | €35,740 | €92,849 | +€57,109 | +160% |
| Trade receivables | 40 | €26,442 | €91,740 | +€65,298 | +247% |
| Other amounts receivable | 41 | €9,298 | €1,108 | -€8,190 | -88.1% |
| Current investments | 50/53 | €134,383 | €134,383 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €370,154 | €389,412 | +€19,258 | +5.2% |
| Deferred charges and accrued income | 490/1 | €914 | €3,211 | +€2,298 | +251% |
| Total equity and liabilities | 10/49 | €1,361,514 | €1,409,783 | +€48,269 | +3.5% |
| Equity | 10/15 | €1,317,459 | €1,322,444 | +€4,985 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €522,019 | €382,019 | -€140,000 | -26.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €515,819 | €375,819 | -€140,000 | -27.1% |
| Profit (loss) carried forward | 14 | €733,440 | €878,426 | +€144,985 | +19.8% |
| Amounts payable | 17/49 | €44,055 | €87,339 | +€43,284 | +98.2% |
| Amounts payable within one year | 42/48 | €38,290 | €78,276 | +€39,987 | +104% |
| Trade debts | 44 | €180 | €75,106 | +€74,926 | +41,735% |
| Suppliers | 440/4 | €180 | €75,106 | +€74,926 | +41,735% |
| Taxes, remuneration and social security | 45 | €38,110 | €2,845 | -€35,265 | -92.5% |
| Taxes | 450/3 | €38,110 | €2,845 | -€35,265 | -92.5% |
| Other amounts payable | 47/48 | - | €326 | +€326 | |
| Accrued charges and deferred income | 492/3 | €5,765 | €9,062 | +€3,297 | +57.2% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,159 | €48,863 | +€1,705 | +3.6% |
| Other operating charges | 640/8 | €7,373 | €6,633 | -€740 | -10.0% |
| Non-recurring operating charges | 66A | €189 | - | -€189 | |
| Gross operating margin | 9900 | €251,348 | €247,234 | -€4,113 | -1.6% |
| Operating profit (loss) | 9901 | €196,627 | €191,738 | -€4,889 | -2.5% |
| Financial income | 75/76B | €1,037 | €4,162 | +€3,125 | +301% |
| Recurring financial income | 75 | €1,037 | €4,162 | +€3,125 | +301% |
| Financial charges | 65/66B | €399 | €774 | +€375 | +94.0% |
| Recurring financial charges | 65 | €399 | €774 | +€375 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | €197,265 | €195,126 | -€2,139 | -1.1% |
| Income taxes | 67/77 | €52,332 | €50,141 | -€2,191 | -4.2% |
| Profit (loss) for the period | 9904 | €144,934 | €144,985 | +€52 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,934 | €144,985 | +€52 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.