EREMEX: 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.
EREMEX
Largest movements
- Tangible fixed assets -€87,929
down €87,929 (-21.4%), from €410,714 to €322,785
- Deferred charges and accrued income +€24,100
up €24,100 (+153%), from €15,750 to €39,850
- Cash -€15,120
down €15,120 (-64.3%), from €23,515 to €8,394
mainly Debts after one year (-€112,550) and Trade debts (-€37,676)
- Debts after one year -€112,550
down €112,550 (-22.0%), from €511,879 to €399,329
- Short-term financial debts +€75,000
up €75,000 (+60.0%), from €125,000 to €200,000
- Trade debts -€37,676
down €37,676 (-25.6%), from €146,992 to €109,316
- Staff costs -€62,274
down €62,274 (-20.2%), from €309,050 to €246,777
- Gross operating margin -€60,124
down €60,124 (-14.1%), from €426,921 to €366,797
- Financial income -€10,778
down €10,778 (-57.6%), from €18,714 to €7,936
- Depreciation -€5,780
down €5,780 (-6.1%), from €95,156 to €89,375
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 | €1,096,409 | €1,009,421 | -€86,988 | -7.9% |
| Fixed assets | 21/28 | €410,714 | €322,785 | -€87,929 | -21.4% |
| Tangible fixed assets | 22/27 | €410,714 | €322,785 | -€87,929 | -21.4% |
| Land and buildings | 22 | €245,962 | €208,435 | -€37,527 | -15.3% |
| Plant, machinery and equipment | 23 | €47,318 | €25,891 | -€21,427 | -45.3% |
| Furniture and vehicles | 24 | €117,433 | €88,459 | -€28,974 | -24.7% |
| Current assets | 29/58 | €685,695 | €686,636 | +€940 | +0.1% |
| Stocks and contracts in progress | 3 | €424,492 | €419,578 | -€4,914 | -1.2% |
| Stocks | 30/36 | €144,542 | €117,853 | -€26,689 | -18.5% |
| Contracts in progress | 37 | €279,950 | €301,725 | +€21,775 | +7.8% |
| Amounts receivable within one year | 40/41 | €221,938 | €218,814 | -€3,125 | -1.4% |
| Trade receivables | 40 | €209,117 | €215,043 | +€5,926 | +2.8% |
| Other amounts receivable | 41 | €12,821 | €3,771 | -€9,051 | -70.6% |
| Cash at bank and in hand | 54/58 | €23,515 | €8,394 | -€15,120 | -64.3% |
| Deferred charges and accrued income | 490/1 | €15,750 | €39,850 | +€24,100 | +153% |
| Total equity and liabilities | 10/49 | €1,096,409 | €1,009,421 | -€86,988 | -7.9% |
| Equity | 10/15 | €142,324 | €143,398 | +€1,074 | +0.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,311 | €5,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €311 | €311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,013 | €88,087 | +€1,074 | +1.2% |
| Amounts payable | 17/49 | €954,084 | €866,022 | -€88,062 | -9.2% |
| Amounts payable after more than one year | 17 | €511,879 | €399,329 | -€112,550 | -22.0% |
| Financial debts | 170/4 | €511,879 | €399,329 | -€112,550 | -22.0% |
| Amounts payable within one year | 42/48 | €442,205 | €466,693 | +€24,488 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €106,970 | €98,584 | -€8,387 | -7.8% |
| Financial debts | 43 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Credit institutions | 430/8 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Trade debts | 44 | €146,992 | €109,316 | -€37,676 | -25.6% |
| Suppliers | 440/4 | €146,992 | €109,316 | -€37,676 | -25.6% |
| Taxes, remuneration and social security | 45 | €21,198 | €16,309 | -€4,889 | -23.1% |
| Remuneration and social security | 454/9 | €21,198 | €16,309 | -€4,889 | -23.1% |
| Other amounts payable | 47/48 | €42,044 | €42,484 | +€440 | +1.0% |
| Remuneration, social security and pensions | 62 | €309,050 | €246,777 | -€62,274 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,156 | €89,375 | -€5,780 | -6.1% |
| Other operating charges | 640/8 | €11,722 | €9,241 | -€2,481 | -21.2% |
| Gross operating margin | 9900 | €426,921 | €366,797 | -€60,124 | -14.1% |
| Operating profit (loss) | 9901 | €10,993 | €21,404 | +€10,411 | +94.7% |
| Financial income | 75/76B | €18,714 | €7,936 | -€10,778 | -57.6% |
| Recurring financial income | 75 | €18,714 | €7,936 | -€10,778 | -57.6% |
| Financial charges | 65/66B | €26,237 | €27,052 | +€815 | +3.1% |
| Recurring financial charges | 65 | €26,237 | €27,052 | +€815 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €3,470 | €2,287 | -€1,182 | -34.1% |
| Income taxes | 67/77 | €3,264 | €1,213 | -€2,051 | -62.8% |
| Profit (loss) for the period | 9904 | €205 | €1,074 | +€869 | +423% |
| Profit (loss) for the period to be appropriated | 9905 | €205 | €1,074 | +€869 | +423% |
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.