E.M.S. CONSULT: 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.
E.M.S. CONSULT
Largest movements
- Tangible fixed assets +€30,553
up €30,553 (+13.3%), from €229,090 to €259,643
of which Plant, machinery and equipment: +€45,426
- Cash -€15,029
down €15,029 (-98.7%), from €15,232 to €203
mainly Investment in fixed assets (net) (-€65,333) and Other debts (-€32,026)
- Stocks and contracts -€14,995
down €14,995 (-7.6%), from €197,560 to €182,565
of which Contracts in progress: -€14,995
- Receivables within one year -€6,836
down €6,836 (-20.8%), from €32,927 to €26,091
of which Trade receivables: -€7,528
- Debts after one year +€35,263
up €35,263 (+38.1%), from €92,464 to €127,727
- Other debts -€32,026
down €32,026 (-77.6%), from €41,262 to €9,236
- Tax, wage and social debts -€17,974
down €17,974 (-61.2%), from €29,367 to €11,393
- Trade debts +€7,118
up €7,118 (+357%), from €1,996 to €9,114
- Current portion of long-term debt -€7,023
down €7,023 (-23.6%), from €29,761 to €22,738
- Depreciation +€7,719
up €7,719 (+28.5%), from €27,062 to €34,780
- Taxes -€3,480
down €3,480 (-77.5%), from €4,493 to €1,013
- Gross operating margin -€2,637
down €2,637 (-5.3%), from €49,349 to €46,712
- Other operating charges +€1,457
up €1,457 (+87.4%), from €1,667 to €3,124
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 | €477,033 | €470,228 | -€6,806 | -1.4% |
| Fixed assets | 21/28 | €229,090 | €259,643 | +€30,553 | +13.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €229,090 | €259,643 | +€30,553 | +13.3% |
| Land and buildings | 22 | €165,635 | €151,238 | -€14,397 | -8.7% |
| Plant, machinery and equipment | 23 | €60,647 | €106,073 | +€45,426 | +74.9% |
| Furniture and vehicles | 24 | €143 | €0 | -€143 | -100% |
| Other tangible fixed assets | 26 | €2,666 | €2,332 | -€334 | -12.5% |
| Current assets | 29/58 | €247,943 | €210,585 | -€37,358 | -15.1% |
| Stocks and contracts in progress | 3 | €197,560 | €182,565 | -€14,995 | -7.6% |
| Stocks | 30/36 | €152,065 | €152,065 | = | 0.0% |
| Contracts in progress | 37 | €45,495 | €30,500 | -€14,995 | -33.0% |
| Amounts receivable within one year | 40/41 | €32,927 | €26,091 | -€6,836 | -20.8% |
| Trade receivables | 40 | €32,132 | €24,604 | -€7,528 | -23.4% |
| Other amounts receivable | 41 | €795 | €1,487 | +€692 | +87.1% |
| Cash at bank and in hand | 54/58 | €15,232 | €203 | -€15,029 | -98.7% |
| Deferred charges and accrued income | 490/1 | €2,224 | €1,726 | -€498 | -22.4% |
| Total equity and liabilities | 10/49 | €477,033 | €470,228 | -€6,806 | -1.4% |
| Equity | 10/15 | €232,184 | €234,866 | +€2,682 | +1.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €225,978 | €228,660 | +€2,682 | +1.2% |
| Distributable reserves | 133 | €225,978 | €228,660 | +€2,682 | +1.2% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €194,849 | €185,362 | -€9,487 | -4.9% |
| Amounts payable after more than one year | 17 | €92,464 | €127,727 | +€35,263 | +38.1% |
| Financial debts | 170/4 | €92,464 | €127,727 | +€35,263 | +38.1% |
| Amounts payable within one year | 42/48 | €102,386 | €57,635 | -€44,751 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €29,761 | €22,738 | -€7,023 | -23.6% |
| Financial debts | 43 | - | €5,154 | +€5,154 | |
| Credit institutions | 430/8 | - | €5,154 | +€5,154 | |
| Trade debts | 44 | €1,996 | €9,114 | +€7,118 | +357% |
| Suppliers | 440/4 | €1,996 | €9,114 | +€7,118 | +357% |
| Taxes, remuneration and social security | 45 | €29,367 | €11,393 | -€17,974 | -61.2% |
| Taxes | 450/3 | €29,367 | €11,393 | -€17,974 | -61.2% |
| Other amounts payable | 47/48 | €41,262 | €9,236 | -€32,026 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,062 | €34,780 | +€7,719 | +28.5% |
| Other operating charges | 640/8 | €1,667 | €3,124 | +€1,457 | +87.4% |
| Gross operating margin | 9900 | €49,349 | €46,712 | -€2,637 | -5.3% |
| Operating profit (loss) | 9901 | €20,621 | €8,808 | -€11,812 | -57.3% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.6% |
| Financial charges | 65/66B | €4,622 | €5,114 | +€491 | +10.6% |
| Recurring financial charges | 65 | €4,622 | €5,114 | +€491 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €16,004 | €3,695 | -€12,309 | -76.9% |
| Income taxes | 67/77 | €4,493 | €1,013 | -€3,480 | -77.5% |
| Profit (loss) for the period | 9904 | €11,511 | €2,682 | -€8,829 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,511 | €2,682 | -€8,829 | -76.7% |
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 24 October 2026 via checked.be.