Advocaat EMS: what changed
Two fiscal 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.
Advocaat EMS
Largest movements
- Receivables within one year +€4,987
up €4,987 (+38.8%), from €12,850 to €17,837
of which Other amounts receivable: +€4,245
- Cash +€824
up €824 (+11.1%), from €7,408 to €8,232
mainly Net result for the year (+€16,740) and Other debts (+€11,737)
- Tangible fixed assets -€581
down €581 (-40.5%), from €1,437 to €855
- Other debts +€11,737
new in 2025: €11,737
- Reserves -€9,997
no longer reported in 2025 (was €9,997)
- Tax, wage and social debts +€4,715
up €4,715 (+50.5%), from €9,336 to €14,051
- Trade debts -€1,225
down €1,225 (-54.2%), from €2,262 to €1,037
- Gross operating margin +€9,302
up €9,302 (+64.5%), from €14,416 to €23,718
- Taxes +€1,574
up €1,574 (+41.2%), from €3,825 to €5,399
- Staff costs +€390
up €390 (+43.0%), from €906 to €1,296
- Financial income +€377
up €377 (+113.1%), from €334 to €711
- Depreciation +€322
up €322 (+123.8%), from €260 to €581
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.
Cash bridge derived
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 | €21,695 | €26,924 | +€5,230 | +24.1% |
| Fixed assets | 21/28 | €1,437 | €855 | -€581 | -40.5% |
| Tangible fixed assets | 22/27 | €1,437 | €855 | -€581 | -40.5% |
| Plant, machinery and equipment | 23 | €1,437 | €855 | -€581 | -40.5% |
| Current assets | 29/58 | €20,258 | €26,069 | +€5,811 | +28.7% |
| Amounts receivable within one year | 40/41 | €12,850 | €17,837 | +€4,987 | +38.8% |
| Trade receivables | 40 | €2,072 | €2,813 | +€741 | +35.8% |
| Other amounts receivable | 41 | €10,779 | €15,024 | +€4,245 | +39.4% |
| Cash at bank and in hand | 54/58 | €7,408 | €8,232 | +€824 | +11.1% |
| Total equity and liabilities | 10/49 | €21,695 | €26,924 | +€5,230 | +24.1% |
| Equity | 10/15 | €10,097 | €100 | -€9,997 | -99.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,997 | - | -€9,997 | |
| Distributable reserves | 133 | €9,997 | - | -€9,997 | |
| Amounts payable | 17/49 | €11,597 | €26,824 | +€15,227 | +131.3% |
| Amounts payable within one year | 42/48 | €11,597 | €26,824 | +€15,227 | +131.3% |
| Trade debts | 44 | €2,262 | €1,037 | -€1,225 | -54.2% |
| Suppliers | 440/4 | €2,262 | €1,037 | -€1,225 | -54.2% |
| Taxes, remuneration and social security | 45 | €9,336 | €14,051 | +€4,715 | +50.5% |
| Taxes | 450/3 | €9,336 | €14,051 | +€4,715 | +50.5% |
| Other amounts payable | 47/48 | - | €11,737 | +€11,737 | |
| Remuneration, social security and pensions | 62 | €906 | €1,296 | +€390 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | €581 | +€322 | +123.8% |
| Other operating charges | 640/8 | €118 | €347 | +€229 | +193.9% |
| Gross operating margin | 9900 | €14,416 | €23,718 | +€9,302 | +64.5% |
| Operating profit (loss) | 9901 | €13,133 | €21,494 | +€8,361 | +63.7% |
| Financial income | 75/76B | €334 | €711 | +€377 | +113.1% |
| Recurring financial income | 75 | €334 | €711 | +€377 | +113.1% |
| Financial charges | 65/66B | €338 | €66 | -€272 | -80.5% |
| Recurring financial charges | 65 | €338 | €66 | -€272 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €13,128 | €22,139 | +€9,011 | +68.6% |
| Income taxes | 67/77 | €3,825 | €5,399 | +€1,574 | +41.2% |
| Profit (loss) for the period | 9904 | €9,303 | €16,740 | +€7,437 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,303 | €16,740 | +€7,437 | +79.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.