EMA ELECTRO: 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.
EMA ELECTRO
Largest movements
- Tangible fixed assets -€12,042
down €12,042 (-11.6%), from €103,799 to €91,757
of which Land and buildings: -€9,204
- Cash -€10,951
down €10,951 (-27.7%), from €39,544 to €28,593
mainly Debts after one year (-€10,743) and Current investments (-€10,000)
- Current investments +€10,000
new in 2025: €10,000
- Receivables within one year +€4,077
up €4,077 (+19.2%), from €21,229 to €25,307
of which Other amounts receivable: +€2,812
- Debts after one year -€10,743
down €10,743 (-15.5%), from €69,398 to €58,655
- Reserves +€10,385
up €10,385 (+13.9%), from €74,899 to €85,284
- Tax, wage and social debts -€3,813
down €3,813 (-36.1%), from €10,571 to €6,758
of which Remuneration and social security: -€3,260
- Trade debts -€3,494
no longer reported in 2025 (was €3,494)
- Other debts -€1,939
no longer reported in 2025 (was €1,939)
- Gross operating margin -€6,599
down €6,599 (-15.7%), from €42,066 to €35,468
- Taxes -€1,234
down €1,234 (-17.2%), from €7,171 to €5,937
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 | €170,825 | €161,440 | -€9,385 | -5.5% |
| Fixed assets | 21/28 | €103,799 | €91,757 | -€12,042 | -11.6% |
| Tangible fixed assets | 22/27 | €103,799 | €91,757 | -€12,042 | -11.6% |
| Land and buildings | 22 | €82,839 | €73,635 | -€9,204 | -11.1% |
| Plant, machinery and equipment | 23 | €9,089 | €6,627 | -€2,462 | -27.1% |
| Furniture and vehicles | 24 | €2,387 | €3,207 | +€820 | +34.4% |
| Other tangible fixed assets | 26 | €9,485 | €8,289 | -€1,196 | -12.6% |
| Current assets | 29/58 | €67,026 | €69,683 | +€2,657 | +4.0% |
| Amounts receivable within one year | 40/41 | €21,229 | €25,307 | +€4,077 | +19.2% |
| Trade receivables | 40 | €18,400 | €19,665 | +€1,266 | +6.9% |
| Other amounts receivable | 41 | €2,829 | €5,641 | +€2,812 | +99.4% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €39,544 | €28,593 | -€10,951 | -27.7% |
| Deferred charges and accrued income | 490/1 | €6,252 | €5,783 | -€470 | -7.5% |
| Total equity and liabilities | 10/49 | €170,825 | €161,440 | -€9,385 | -5.5% |
| Equity | 10/15 | €74,899 | €85,284 | +€10,385 | +13.9% |
| Reserves | 13 | €74,899 | €85,284 | +€10,385 | +13.9% |
| Distributable reserves | 133 | €74,899 | €85,284 | +€10,385 | +13.9% |
| Amounts payable | 17/49 | €95,926 | €76,156 | -€19,770 | -20.6% |
| Amounts payable after more than one year | 17 | €69,398 | €58,655 | -€10,743 | -15.5% |
| Financial debts | 170/4 | €69,398 | €58,655 | -€10,743 | -15.5% |
| Amounts payable within one year | 42/48 | €26,528 | €17,501 | -€9,027 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €10,523 | €10,743 | +€220 | +2.1% |
| Trade debts | 44 | €3,494 | - | -€3,494 | |
| Suppliers | 440/4 | €3,494 | - | -€3,494 | |
| Taxes, remuneration and social security | 45 | €10,571 | €6,758 | -€3,813 | -36.1% |
| Taxes | 450/3 | €7,311 | €6,758 | -€553 | -7.6% |
| Remuneration and social security | 454/9 | €3,260 | - | -€3,260 | |
| Other amounts payable | 47/48 | €1,939 | - | -€1,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,147 | €15,994 | -€153 | -0.9% |
| Other operating charges | 640/8 | €1,199 | €964 | -€236 | -19.6% |
| Non-recurring operating charges | 66A | - | €659 | +€659 | |
| Gross operating margin | 9900 | €42,066 | €35,468 | -€6,599 | -15.7% |
| Operating profit (loss) | 9901 | €24,721 | €17,851 | -€6,869 | -27.8% |
| Financial income | 75/76B | - | €394 | +€394 | |
| Recurring financial income | 75 | - | €394 | +€394 | |
| Financial charges | 65/66B | €2,147 | €1,923 | -€224 | -10.4% |
| Recurring financial charges | 65 | €2,147 | €1,923 | -€224 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €22,573 | €16,322 | -€6,252 | -27.7% |
| Income taxes | 67/77 | €7,171 | €5,937 | -€1,234 | -17.2% |
| Profit (loss) for the period | 9904 | €15,403 | €10,385 | -€5,018 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,403 | €10,385 | -€5,018 | -32.6% |
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 8 October 2026 via checked.be.