Dr. EmS: 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.
Dr. EmS
Largest movements
- Cash +€36,462
up €36,462 (+101.0%), from €36,115 to €72,578
mainly Receivables within one year (+€23,444) and Net result for the year (+€19,650)
- Receivables within one year -€23,444
down €23,444 (-100.0%), from €23,444 to €0
- Deferred charges and accrued income -€2,325
down €2,325 (-14.8%), from €15,737 to €13,412
- Reserves +€19,650
up €19,650 (+36.2%), from €54,268 to €73,917
- Tax, wage and social debts -€6,728
down €6,728 (-47.2%), from €14,243 to €7,516
of which Taxes: -€8,628
- Trade debts -€2,567
down €2,567 (-62.9%), from €4,084 to €1,517
- Gross operating margin -€43,490
down €43,490 (-63.1%), from €68,901 to €25,411
- Taxes -€8,628
down €8,628 (-62.5%), from €13,801 to €5,173
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 | €76,795 | €87,150 | +€10,355 | +13.5% |
| Fixed assets | 21/28 | €1,499 | €1,160 | -€339 | -22.6% |
| Tangible fixed assets | 22/27 | €1,499 | €1,160 | -€339 | -22.6% |
| Furniture and vehicles | 24 | €1,499 | €1,160 | -€339 | -22.6% |
| Current assets | 29/58 | €75,296 | €85,990 | +€10,694 | +14.2% |
| Amounts receivable within one year | 40/41 | €23,444 | €0 | -€23,444 | -100.0% |
| Other amounts receivable | 41 | €23,444 | €0 | -€23,444 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,115 | €72,578 | +€36,462 | +101.0% |
| Deferred charges and accrued income | 490/1 | €15,737 | €13,412 | -€2,325 | -14.8% |
| Total equity and liabilities | 10/49 | €76,795 | €87,150 | +€10,355 | +13.5% |
| Equity | 10/15 | €58,468 | €78,117 | +€19,650 | +33.6% |
| Contributions | 10/11 | €4,200 | €4,200 | = | 0.0% |
| Reserves | 13 | €54,268 | €73,917 | +€19,650 | +36.2% |
| Distributable reserves | 133 | €54,268 | €73,917 | +€19,650 | +36.2% |
| Amounts payable | 17/49 | €18,327 | €9,032 | -€9,295 | -50.7% |
| Amounts payable within one year | 42/48 | €18,327 | €9,032 | -€9,295 | -50.7% |
| Trade debts | 44 | €4,084 | €1,517 | -€2,567 | -62.9% |
| Suppliers | 440/4 | €4,084 | €1,517 | -€2,567 | -62.9% |
| Taxes, remuneration and social security | 45 | €14,243 | €7,516 | -€6,728 | -47.2% |
| Taxes | 450/3 | €14,243 | €5,616 | -€8,628 | -60.6% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197 | €339 | +€142 | +72.2% |
| Other operating charges | 640/8 | €561 | €157 | -€404 | -72.0% |
| Gross operating margin | 9900 | €68,901 | €25,411 | -€43,490 | -63.1% |
| Operating profit (loss) | 9901 | €68,143 | €24,914 | -€43,228 | -63.4% |
| Financial charges | 65/66B | €75 | €91 | +€17 | +22.7% |
| Recurring financial charges | 65 | €75 | €91 | +€17 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €68,068 | €24,823 | -€43,245 | -63.5% |
| Income taxes | 67/77 | €13,801 | €5,173 | -€8,628 | -62.5% |
| Profit (loss) for the period | 9904 | €54,268 | €19,650 | -€34,618 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,268 | €19,650 | -€34,618 | -63.8% |
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 10 October 2026 via checked.be.