Emtrade: 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.
Emtrade
Largest movements
- Cash +€51,627
up €51,627 (+142,972%), from €36 to €51,663
mainly Net result for the year (+€39,897) and Tax, wage and social debts (+€20,775)
- Tangible fixed assets +€21,216
up €21,216 (+1,329%), from €1,597 to €22,813
of which Furniture and vehicles: +€22,690
- Receivables within one year -€13,869
down €13,869 (-9.1%), from €152,901 to €139,032
of which Trade receivables: -€66,278
- Profit (loss) carried forward +€39,897
up €39,897 (+105%), from €37,936 to €77,833
- Tax, wage and social debts +€20,775
up €20,775 (+38.0%), from €54,655 to €75,430
of which Taxes: +€24,963
- Gross operating margin +€46,430
up €46,430 (+45.0%), from €103,111 to €149,541
- Staff costs +€14,496
up €14,496 (+20.0%), from €72,570 to €87,066
- Taxes +€9,009
up €9,009 (+129%), from €6,994 to €16,003
- Financial income +€4,474
up €4,474 (+129,305%), from €3 to €4,477
- Other operating charges +€3,213
up €3,213 (+173%), from €1,854 to €5,067
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 | €154,934 | €213,508 | +€58,575 | +37.8% |
| Fixed assets | 21/28 | €1,997 | €22,813 | +€20,816 | +1,043% |
| Tangible fixed assets | 22/27 | €1,597 | €22,813 | +€21,216 | +1,329% |
| Plant, machinery and equipment | 23 | €1,597 | €123 | -€1,474 | -92.3% |
| Furniture and vehicles | 24 | - | €22,690 | +€22,690 | |
| Financial fixed assets | 28 | €400 | - | -€400 | |
| Current assets | 29/58 | €152,937 | €190,695 | +€37,758 | +24.7% |
| Amounts receivable within one year | 40/41 | €152,901 | €139,032 | -€13,869 | -9.1% |
| Trade receivables | 40 | €105,216 | €38,938 | -€66,278 | -63.0% |
| Other amounts receivable | 41 | €47,685 | €100,094 | +€52,409 | +110% |
| Cash at bank and in hand | 54/58 | €36 | €51,663 | +€51,627 | +142,972% |
| Total equity and liabilities | 10/49 | €154,934 | €213,508 | +€58,575 | +37.8% |
| Equity | 10/15 | €58,396 | €98,293 | +€39,897 | +68.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,936 | €77,833 | +€39,897 | +105% |
| Amounts payable | 17/49 | €96,538 | €115,215 | +€18,678 | +19.3% |
| Amounts payable within one year | 42/48 | €96,538 | €115,215 | +€18,678 | +19.3% |
| Financial debts | 43 | €1,054 | - | -€1,054 | |
| Credit institutions | 430/8 | €1,054 | - | -€1,054 | |
| Trade debts | 44 | €40,829 | €39,785 | -€1,044 | -2.6% |
| Suppliers | 440/4 | €40,829 | €39,785 | -€1,044 | -2.6% |
| Taxes, remuneration and social security | 45 | €54,655 | €75,430 | +€20,775 | +38.0% |
| Taxes | 450/3 | €34,493 | €59,456 | +€24,963 | +72.4% |
| Remuneration and social security | 454/9 | €20,162 | €15,974 | -€4,188 | -20.8% |
| Remuneration, social security and pensions | 62 | €72,570 | €87,066 | +€14,496 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,474 | €4,471 | +€2,997 | +203% |
| Other operating charges | 640/8 | €1,854 | €5,067 | +€3,213 | +173% |
| Gross operating margin | 9900 | €103,111 | €149,541 | +€46,430 | +45.0% |
| Operating profit (loss) | 9901 | €27,213 | €52,938 | +€25,725 | +94.5% |
| Financial income | 75/76B | €3 | €4,477 | +€4,474 | +129,305% |
| Recurring financial income | 75 | €3 | €4,477 | +€4,474 | +129,305% |
| Financial charges | 65/66B | €1,512 | €1,515 | +€3 | +0.2% |
| Recurring financial charges | 65 | €1,512 | €1,515 | +€3 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €25,705 | €55,900 | +€30,196 | +117% |
| Income taxes | 67/77 | €6,994 | €16,003 | +€9,009 | +129% |
| Profit (loss) for the period | 9904 | €18,711 | €39,897 | +€21,186 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €18,711 | €39,897 | +€21,186 | +113% |
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 14 October 2026 via checked.be.