EM-TECH: 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-TECH
Largest movements
- Cash +€3,130
up €3,130 (+900.8%), from €347 to €3,477
mainly Tax, wage and social debts (+€9,270) and Depreciation (+€3,111)
- Receivables within one year +€3,055
up €3,055 (+28.5%), from €10,707 to €13,763
of which Trade receivables: +€4,642
- Tangible fixed assets -€1,935
down €1,935 (-29.0%), from €6,665 to €4,730
- Deferred charges and accrued income +€1,011
up €1,011 (+186.8%), from €541 to €1,552
- Tax, wage and social debts +€9,270
up €9,270 (+234.9%), from €3,947 to €13,218
of which Remuneration and social security: +€6,084
- Other debts -€4,379
down €4,379 (-33.8%), from €12,963 to €8,584
- Profit (loss) carried forward +€906
up €906 (+22.2%), from -€4,081 to -€3,175
- Trade debts -€537
down €537 (-22.9%), from €2,348 to €1,811
- Gross operating margin +€6,871
up €6,871, from -€1,793 to €5,078
- Depreciation +€1,277
up €1,277 (+69.6%), from €1,835 to €3,111
- Financial charges +€437
up €437 (+581.0%), from €75 to €512
- Taxes +€186
up €186, from €0 to €186
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 | €18,261 | €23,522 | +€5,260 | +28.8% |
| Fixed assets | 21/28 | €6,665 | €4,730 | -€1,935 | -29.0% |
| Tangible fixed assets | 22/27 | €6,665 | €4,730 | -€1,935 | -29.0% |
| Furniture and vehicles | 24 | €6,665 | €4,730 | -€1,935 | -29.0% |
| Current assets | 29/58 | €11,596 | €18,791 | +€7,196 | +62.1% |
| Amounts receivable within one year | 40/41 | €10,707 | €13,763 | +€3,055 | +28.5% |
| Trade receivables | 40 | €8,707 | €13,349 | +€4,642 | +53.3% |
| Other amounts receivable | 41 | €2,000 | €414 | -€1,586 | -79.3% |
| Cash at bank and in hand | 54/58 | €347 | €3,477 | +€3,130 | +900.8% |
| Deferred charges and accrued income | 490/1 | €541 | €1,552 | +€1,011 | +186.8% |
| Total equity and liabilities | 10/49 | €18,261 | €23,522 | +€5,260 | +28.8% |
| Equity | 10/15 | -€996 | -€90 | +€906 | +90.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85 | €85 | = | 0.0% |
| Distributable reserves | 133 | €85 | €85 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,081 | -€3,175 | +€906 | +22.2% |
| Amounts payable | 17/49 | €19,257 | €23,612 | +€4,354 | +22.6% |
| Amounts payable within one year | 42/48 | €19,257 | €23,612 | +€4,354 | +22.6% |
| Trade debts | 44 | €2,348 | €1,811 | -€537 | -22.9% |
| Suppliers | 440/4 | €2,348 | €1,811 | -€537 | -22.9% |
| Taxes, remuneration and social security | 45 | €3,947 | €13,218 | +€9,270 | +234.9% |
| Taxes | 450/3 | €1,945 | €5,132 | +€3,186 | +163.8% |
| Remuneration and social security | 454/9 | €2,002 | €8,086 | +€6,084 | +303.9% |
| Other amounts payable | 47/48 | €12,963 | €8,584 | -€4,379 | -33.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,835 | €3,111 | +€1,277 | +69.6% |
| Other operating charges | 640/8 | €381 | €364 | -€17 | -4.5% |
| Gross operating margin | 9900 | -€1,793 | €5,078 | +€6,871 | |
| Operating profit (loss) | 9901 | -€4,008 | €1,603 | +€5,612 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -64.1% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -64.1% |
| Financial charges | 65/66B | €75 | €512 | +€437 | +581.0% |
| Recurring financial charges | 65 | €75 | €512 | +€437 | +581.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,081 | €1,092 | +€5,174 | |
| Income taxes | 67/77 | €0 | €186 | +€186 | |
| Profit (loss) for the period | 9904 | -€4,081 | €906 | +€4,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,081 | €906 | +€4,987 |
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 9 October 2026 via checked.be.