EM AUTO: 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.
EM AUTO
Largest movements
- Receivables within one year -€41,301
down €41,301 (-71.2%), from €58,027 to €16,727
of which Trade receivables: -€20,816
- Cash -€16,408
down €16,408 (-97.6%), from €16,819 to €410
mainly Tax, wage and social debts (-€96,375) and Net result for the year (-€52,874)
- Stocks and contracts +€13,561
up €13,561 (+17.2%), from €78,719 to €92,279
- Tangible fixed assets -€4,874
down €4,874 (-24.0%), from €20,337 to €15,463
of which Other tangible fixed assets: -€3,521
- Debts after one year +€101,361
new in 2025: €101,361
- Tax, wage and social debts -€96,375
down €96,375 (-76.8%), from €125,459 to €29,084
of which Remuneration and social security: -€77,928
- Profit (loss) carried forward -€52,874
down €52,874 (-5,243%), from -€1,008 to -€53,882
- Staff costs +€41,935
up €41,935 (+340%), from €12,325 to €54,260
- Other operating charges +€3,649
up €3,649 (+3,218%), from €113 to €3,762
- Gross operating margin -€2,613
down €2,613 (-18.6%), from €14,014 to €11,401
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 | €179,506 | €130,179 | -€49,327 | -27.5% |
| Fixed assets | 21/28 | €25,637 | €20,763 | -€4,874 | -19.0% |
| Tangible fixed assets | 22/27 | €20,337 | €15,463 | -€4,874 | -24.0% |
| Plant, machinery and equipment | 23 | - | €544 | +€544 | |
| Furniture and vehicles | 24 | €2,581 | €684 | -€1,897 | -73.5% |
| Other tangible fixed assets | 26 | €17,756 | €14,234 | -€3,521 | -19.8% |
| Financial fixed assets | 28 | €5,300 | €5,300 | = | 0.0% |
| Current assets | 29/58 | €153,870 | €109,416 | -€44,454 | -28.9% |
| Stocks and contracts in progress | 3 | €78,719 | €92,279 | +€13,561 | +17.2% |
| Stocks | 30/36 | €78,719 | €92,279 | +€13,561 | +17.2% |
| Amounts receivable within one year | 40/41 | €58,027 | €16,727 | -€41,301 | -71.2% |
| Trade receivables | 40 | €20,816 | - | -€20,816 | |
| Other amounts receivable | 41 | €37,212 | €16,727 | -€20,485 | -55.1% |
| Cash at bank and in hand | 54/58 | €16,819 | €410 | -€16,408 | -97.6% |
| Deferred charges and accrued income | 490/1 | €305 | - | -€305 | |
| Total equity and liabilities | 10/49 | €179,506 | €130,179 | -€49,327 | -27.5% |
| Equity | 10/15 | €17,617 | -€35,257 | -€52,874 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25 | €25 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25 | €25 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,008 | -€53,882 | -€52,874 | -5,243% |
| Amounts payable | 17/49 | €161,890 | €165,436 | +€3,546 | +2.2% |
| Amounts payable after more than one year | 17 | - | €101,361 | +€101,361 | |
| Other amounts payable | 178/9 | - | €101,361 | +€101,361 | |
| Amounts payable within one year | 42/48 | €161,890 | €64,075 | -€97,814 | -60.4% |
| Trade debts | 44 | €30,488 | €29,316 | -€1,172 | -3.8% |
| Suppliers | 440/4 | €30,488 | €29,316 | -€1,172 | -3.8% |
| Taxes, remuneration and social security | 45 | €125,459 | €29,084 | -€96,375 | -76.8% |
| Taxes | 450/3 | €38,084 | €19,637 | -€18,448 | -48.4% |
| Remuneration and social security | 454/9 | €87,375 | €9,447 | -€77,928 | -89.2% |
| Other amounts payable | 47/48 | €5,942 | €5,675 | -€267 | -4.5% |
| Remuneration, social security and pensions | 62 | €12,325 | €54,260 | +€41,935 | +340% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,616 | €5,559 | -€57 | -1.0% |
| Other operating charges | 640/8 | €113 | €3,762 | +€3,649 | +3,218% |
| Gross operating margin | 9900 | €14,014 | €11,401 | -€2,613 | -18.6% |
| Operating profit (loss) | 9901 | -€4,041 | -€52,181 | -€48,140 | -1,191% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €686 | €699 | +€13 | +1.9% |
| Recurring financial charges | 65 | €686 | €699 | +€13 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,727 | -€52,874 | -€48,147 | -1,019% |
| Profit (loss) for the period | 9904 | -€4,727 | -€52,874 | -€48,147 | -1,019% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,727 | -€52,874 | -€48,147 | -1,019% |
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 31 October 2026 via checked.be.