EM DESIGN: 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.
EM DESIGN
Largest movements
- Cash +€80,154
up €80,154 (+264.8%), from €30,270 to €110,424
mainly Net result for the year (+€47,003) and Debts after one year (+€41,349)
- Receivables within one year -€28,891
down €28,891 (-25.5%), from €113,481 to €84,590
- Profit (loss) carried forward +€47,003
up €47,003 (+1229.5%), from €3,823 to €50,826
- Debts after one year +€41,349
up €41,349 (+68.9%), from €60,000 to €101,349
of which Financial debts: +€41,349
- Trade debts -€35,503
down €35,503 (-47.5%), from €74,815 to €39,312
- Tax, wage and social debts -€11,857
down €11,857 (-41.8%), from €28,336 to €16,479
of which Taxes: -€14,301
- Short-term financial debts +€9,487
new in 2025: €9,487
- Write-downs -€117,889
down €117,889, from €58,944 to -€58,944
- Gross operating margin +€80,682
up €80,682 (+17914.7%), from €450 to €81,133
- Other operating charges +€74,559
up €74,559 (+2116.4%), from €3,523 to €78,082
- Financial charges +€3,749
up €3,749 (+377.5%), from €993 to €4,743
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 | €178,254 | €228,722 | +€50,468 | +28.3% |
| Fixed assets | 21/28 | €15,886 | €16,271 | +€384 | +2.4% |
| Tangible fixed assets | 22/27 | €15,886 | €16,271 | +€384 | +2.4% |
| Plant, machinery and equipment | 23 | - | €7,904 | +€7,904 | |
| Furniture and vehicles | 24 | €13,205 | €5,984 | -€7,221 | -54.7% |
| Other tangible fixed assets | 26 | €2,681 | €2,384 | -€298 | -11.1% |
| Current assets | 29/58 | €162,368 | €212,451 | +€50,084 | +30.8% |
| Stocks and contracts in progress | 3 | €16,351 | €16,351 | = | 0.0% |
| Stocks | 30/36 | €16,351 | €16,351 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,481 | €84,590 | -€28,891 | -25.5% |
| Trade receivables | 40 | €113,481 | €84,590 | -€28,891 | -25.5% |
| Cash at bank and in hand | 54/58 | €30,270 | €110,424 | +€80,154 | +264.8% |
| Deferred charges and accrued income | 490/1 | €2,266 | €1,086 | -€1,180 | -52.1% |
| Total equity and liabilities | 10/49 | €178,254 | €228,722 | +€50,468 | +28.3% |
| Equity | 10/15 | €9,823 | €56,826 | +€47,003 | +478.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,823 | €50,826 | +€47,003 | +1229.5% |
| Amounts payable | 17/49 | €168,431 | €171,896 | +€3,465 | +2.1% |
| Amounts payable after more than one year | 17 | €60,000 | €101,349 | +€41,349 | +68.9% |
| Financial debts | 170/4 | - | €41,349 | +€41,349 | |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,503 | €70,548 | -€36,955 | -34.4% |
| Financial debts | 43 | - | €9,487 | +€9,487 | |
| Credit institutions | 430/8 | - | €9,487 | +€9,487 | |
| Trade debts | 44 | €74,815 | €39,312 | -€35,503 | -47.5% |
| Suppliers | 440/4 | €74,815 | €39,312 | -€35,503 | -47.5% |
| Taxes, remuneration and social security | 45 | €28,336 | €16,479 | -€11,857 | -41.8% |
| Taxes | 450/3 | €26,780 | €12,479 | -€14,301 | -53.4% |
| Remuneration and social security | 454/9 | €1,556 | €4,000 | +€2,444 | +157.0% |
| Other amounts payable | 47/48 | €4,352 | €5,270 | +€918 | +21.1% |
| Accrued charges and deferred income | 492/3 | €928 | - | -€928 | |
| Remuneration, social security and pensions | 62 | €2,360 | €2,644 | +€285 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,957 | €7,616 | +€659 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,944 | -€58,944 | -€117,889 | |
| Other operating charges | 640/8 | €3,523 | €78,082 | +€74,559 | +2116.4% |
| Gross operating margin | 9900 | €450 | €81,133 | +€80,682 | +17914.7% |
| Operating profit (loss) | 9901 | -€71,333 | €51,735 | +€123,069 | |
| Financial income | 75/76B | €124 | €10 | -€114 | -92.0% |
| Recurring financial income | 75 | €124 | €10 | -€114 | -92.0% |
| Financial charges | 65/66B | €993 | €4,743 | +€3,749 | +377.5% |
| Recurring financial charges | 65 | €993 | €4,743 | +€3,749 | +377.5% |
| Profit (loss) for the period before taxes | 9903 | -€72,203 | €47,003 | +€119,206 | |
| Profit (loss) for the period | 9904 | -€72,203 | €47,003 | +€119,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,203 | €47,003 | +€119,206 |
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 3 October 2026 via checked.be.