EM TECHNOLOGY: 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 TECHNOLOGY
Largest movements
- Receivables within one year +€44,897
up €44,897 (+304.1%), from €14,765 to €59,662
of which Other amounts receivable: +€45,817
- Tangible fixed assets +€7,753
up €7,753 (+382.2%), from €2,028 to €9,781
of which Other tangible fixed assets: +€8,516
- Trade debts +€16,734
up €16,734 (+348.9%), from €4,796 to €21,530
- Profit (loss) carried forward +€15,927
up €15,927 (+231.8%), from €6,870 to €22,797
- Current portion of long-term debt +€7,542
new in 2025: €7,542
- Debts after one year +€6,955
new in 2025: €6,955
- Tax, wage and social debts +€5,611
up €5,611 (+188.7%), from €2,973 to €8,584
of which Taxes: +€6,448
- Gross operating margin +€27,007
up €27,007 (+578.8%), from €4,666 to €31,672
- Taxes +€7,654
new in 2025: €7,654
- Financial charges +€4,275
up €4,275 (+2022.9%), from €211 to €4,487
- Depreciation +€739
up €739 (+283.2%), from €261 to €999
- Other operating charges -€360
down €360 (-12.1%), from €2,966 to €2,606
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 | €21,742 | €74,510 | +€52,768 | +242.7% |
| Fixed assets | 21/28 | €2,028 | €9,781 | +€7,753 | +382.2% |
| Tangible fixed assets | 22/27 | €2,028 | €9,781 | +€7,753 | +382.2% |
| Furniture and vehicles | 24 | €2,028 | €1,265 | -€763 | -37.6% |
| Other tangible fixed assets | 26 | - | €8,516 | +€8,516 | |
| Current assets | 29/58 | €19,714 | €64,729 | +€45,015 | +228.3% |
| Amounts receivable within one year | 40/41 | €14,765 | €59,662 | +€44,897 | +304.1% |
| Trade receivables | 40 | €11,931 | €11,011 | -€920 | -7.7% |
| Other amounts receivable | 41 | €2,834 | €48,651 | +€45,817 | +1616.9% |
| Current investments | 50/53 | €235 | €235 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,714 | €4,832 | +€118 | +2.5% |
| Total equity and liabilities | 10/49 | €21,742 | €74,510 | +€52,768 | +242.7% |
| Equity | 10/15 | €13,973 | €29,900 | +€15,927 | +114.0% |
| Contributions | 10/11 | €7,103 | €7,103 | = | 0.0% |
| Capital | 10 | €7,103 | €7,103 | = | 0.0% |
| Issued capital | 100 | €7,103 | €7,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,870 | €22,797 | +€15,927 | +231.8% |
| Amounts payable | 17/49 | €7,769 | €44,610 | +€36,841 | +474.2% |
| Amounts payable after more than one year | 17 | - | €6,955 | +€6,955 | |
| Financial debts | 170/4 | - | €6,955 | +€6,955 | |
| Amounts payable within one year | 42/48 | €7,769 | €37,655 | +€29,886 | +384.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,542 | +€7,542 | |
| Trade debts | 44 | €4,796 | €21,530 | +€16,734 | +348.9% |
| Suppliers | 440/4 | €4,796 | €21,530 | +€16,734 | +348.9% |
| Taxes, remuneration and social security | 45 | €2,973 | €8,584 | +€5,611 | +188.7% |
| Taxes | 450/3 | €2,135 | €8,584 | +€6,448 | +302.0% |
| Remuneration and social security | 454/9 | €838 | - | -€838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €999 | +€739 | +283.2% |
| Other operating charges | 640/8 | €2,966 | €2,606 | -€360 | -12.1% |
| Gross operating margin | 9900 | €4,666 | €31,672 | +€27,007 | +578.8% |
| Operating profit (loss) | 9901 | €1,439 | €28,067 | +€26,628 | +1850.4% |
| Financial charges | 65/66B | €211 | €4,487 | +€4,275 | +2022.9% |
| Recurring financial charges | 65 | €211 | €4,487 | +€4,275 | +2022.9% |
| Profit (loss) for the period before taxes | 9903 | €1,228 | €23,580 | +€22,353 | +1820.7% |
| Income taxes | 67/77 | - | €7,654 | +€7,654 | |
| Profit (loss) for the period | 9904 | €1,228 | €15,927 | +€14,699 | +1197.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,228 | €15,927 | +€14,699 | +1197.3% |
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.