EM ASSIST: 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 ASSIST
Largest movements
- Cash +€133,373
up €133,373 (+50.0%), from €266,984 to €400,357
mainly Net result for the year (+€194,206) and Depreciation (+€47,505)
- Tangible fixed assets -€47,505
down €47,505 (-5.9%), from €806,844 to €759,339
of which Other tangible fixed assets: -€38,942
- Receivables within one year -€33,896
down €33,896 (-46.5%), from €72,919 to €39,023
of which Trade receivables: -€35,033
- Reserves +€194,206
up €194,206 (+25.3%), from €766,835 to €961,041
of which Distributable reserves: +€194,206
- Other debts -€139,989
down €139,989 (-93.1%), from €150,291 to €10,302
- Tax, wage and social debts +€42,847
up €42,847 (+41.7%), from €102,792 to €145,639
- Current portion of long-term debt -€26,596
down €26,596 (-59.1%), from €45,027 to €18,432
- Debts after one year -€18,432
down €18,432 (-27.7%), from €66,526 to €48,095
- Gross operating margin +€36,517
up €36,517 (+11.8%), from €309,501 to €346,018
- Taxes +€7,879
up €7,879 (+9.4%), from €83,880 to €91,759
- Financial charges -€4,623
down €4,623 (-34.3%), from €13,469 to €8,846
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 | €1,152,786 | €1,206,352 | +€53,566 | +4.6% |
| Fixed assets | 21/28 | €807,644 | €760,139 | -€47,505 | -5.9% |
| Tangible fixed assets | 22/27 | €806,844 | €759,339 | -€47,505 | -5.9% |
| Land and buildings | 22 | €5,157 | €0 | -€5,157 | -100% |
| Plant, machinery and equipment | 23 | €347 | €0 | -€347 | -100.0% |
| Furniture and vehicles | 24 | €7,054 | €3,996 | -€3,058 | -43.3% |
| Other tangible fixed assets | 26 | €794,285 | €755,343 | -€38,942 | -4.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €345,142 | €446,212 | +€101,070 | +29.3% |
| Amounts receivable within one year | 40/41 | €72,919 | €39,023 | -€33,896 | -46.5% |
| Trade receivables | 40 | €72,919 | €37,885 | -€35,033 | -48.0% |
| Other amounts receivable | 41 | €0 | €1,138 | +€1,138 | |
| Cash at bank and in hand | 54/58 | €266,984 | €400,357 | +€133,373 | +50.0% |
| Deferred charges and accrued income | 490/1 | €5,239 | €6,832 | +€1,593 | +30.4% |
| Total equity and liabilities | 10/49 | €1,152,786 | €1,206,352 | +€53,566 | +4.6% |
| Equity | 10/15 | €773,035 | €967,241 | +€194,206 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €766,835 | €961,041 | +€194,206 | +25.3% |
| Non-distributable reserves | 130/1 | €15,292 | €15,292 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,292 | €15,292 | = | 0.0% |
| Distributable reserves | 133 | €751,542 | €945,748 | +€194,206 | +25.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €379,751 | €239,111 | -€140,640 | -37.0% |
| Amounts payable after more than one year | 17 | €66,526 | €48,095 | -€18,432 | -27.7% |
| Financial debts | 170/4 | €66,526 | €48,095 | -€18,432 | -27.7% |
| Amounts payable within one year | 42/48 | €303,986 | €178,739 | -€125,247 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €45,027 | €18,432 | -€26,596 | -59.1% |
| Trade debts | 44 | €5,876 | €4,366 | -€1,509 | -25.7% |
| Suppliers | 440/4 | €5,876 | €4,366 | -€1,509 | -25.7% |
| Taxes, remuneration and social security | 45 | €102,792 | €145,639 | +€42,847 | +41.7% |
| Taxes | 450/3 | €102,792 | €145,639 | +€42,847 | +41.7% |
| Other amounts payable | 47/48 | €150,291 | €10,302 | -€139,989 | -93.1% |
| Accrued charges and deferred income | 492/3 | €9,239 | €12,278 | +€3,039 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,297 | €47,505 | +€208 | +0.4% |
| Other operating charges | 640/8 | €4,992 | €3,702 | -€1,290 | -25.8% |
| Gross operating margin | 9900 | €309,501 | €346,018 | +€36,517 | +11.8% |
| Operating profit (loss) | 9901 | €257,212 | €294,811 | +€37,599 | +14.6% |
| Financial charges | 65/66B | €13,469 | €8,846 | -€4,623 | -34.3% |
| Recurring financial charges | 65 | €13,469 | €8,846 | -€4,623 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €243,743 | €285,965 | +€42,222 | +17.3% |
| Income taxes | 67/77 | €83,880 | €91,759 | +€7,879 | +9.4% |
| Profit (loss) for the period | 9904 | €159,862 | €194,206 | +€34,343 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €159,862 | €194,206 | +€34,343 | +21.5% |
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 21 October 2026 via checked.be.