EMA Technical Services: 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.
EMA Technical Services
Largest movements
- Receivables within one year -€91,878
down €91,878 (-70.3%), from €130,670 to €38,791
of which Other amounts receivable: -€82,147
- Cash -€28,359
down €28,359 (-84.9%), from €33,403 to €5,044
mainly Contributions, distributions and other (-€121,922) and Stocks and contracts (-€8,527)
- Stocks and contracts +€8,527
up €8,527 (+57.9%), from €14,717 to €23,244
- Tangible fixed assets -€7,121
down €7,121 (-39.6%), from €17,965 to €10,845
of which Leasing and similar rights: -€3,824
- Deferred charges and accrued income -€6,957
down €6,957 (-24.9%), from €27,897 to €20,940
- Reserves -€117,850
down €117,850 (-61.6%), from €191,464 to €73,615
- Current portion of long-term debt -€4,510
down €4,510 (-90.1%), from €5,007 to €497
- Debts after one year -€3,468
no longer reported in 2025 (was €3,468)
- Staff costs +€6,326
up €6,326 (+27.4%), from €23,114 to €29,440
- Financial income -€4,225
down €4,225 (-100.0%), from €4,226 to €1
- Gross operating margin +€1,166
up €1,166 (+2.3%), from €50,139 to €51,305
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 | €224,652 | €98,864 | -€125,788 | -56.0% |
| Fixed assets | 21/28 | €17,965 | €10,845 | -€7,121 | -39.6% |
| Tangible fixed assets | 22/27 | €17,965 | €10,845 | -€7,121 | -39.6% |
| Plant, machinery and equipment | 23 | €7,379 | €5,483 | -€1,896 | -25.7% |
| Furniture and vehicles | 24 | €6,763 | €5,362 | -€1,401 | -20.7% |
| Leasing and similar rights | 25 | €3,824 | - | -€3,824 | |
| Current assets | 29/58 | €206,686 | €88,019 | -€118,667 | -57.4% |
| Stocks and contracts in progress | 3 | €14,717 | €23,244 | +€8,527 | +57.9% |
| Contracts in progress | 37 | €14,717 | €23,244 | +€8,527 | +57.9% |
| Amounts receivable within one year | 40/41 | €130,670 | €38,791 | -€91,878 | -70.3% |
| Trade receivables | 40 | €19,832 | €10,100 | -€9,732 | -49.1% |
| Other amounts receivable | 41 | €110,838 | €28,691 | -€82,147 | -74.1% |
| Cash at bank and in hand | 54/58 | €33,403 | €5,044 | -€28,359 | -84.9% |
| Deferred charges and accrued income | 490/1 | €27,897 | €20,940 | -€6,957 | -24.9% |
| Total equity and liabilities | 10/49 | €224,652 | €98,864 | -€125,788 | -56.0% |
| Equity | 10/15 | €194,464 | €76,615 | -€117,850 | -60.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €191,464 | €73,615 | -€117,850 | -61.6% |
| Distributable reserves | 133 | €191,464 | €73,615 | -€117,850 | -61.6% |
| Amounts payable | 17/49 | €30,187 | €22,249 | -€7,938 | -26.3% |
| Amounts payable after more than one year | 17 | €3,468 | - | -€3,468 | |
| Financial debts | 170/4 | €3,468 | - | -€3,468 | |
| Amounts payable within one year | 42/48 | €26,244 | €22,249 | -€3,995 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €5,007 | €497 | -€4,510 | -90.1% |
| Trade debts | 44 | €2,833 | €3,441 | +€607 | +21.4% |
| Suppliers | 440/4 | €2,833 | €3,441 | +€607 | +21.4% |
| Taxes, remuneration and social security | 45 | €18,404 | €18,312 | -€92 | -0.5% |
| Taxes | 450/3 | €17,383 | €11,316 | -€6,067 | -34.9% |
| Remuneration and social security | 454/9 | €1,021 | €6,995 | +€5,975 | +585% |
| Accrued charges and deferred income | 492/3 | €475 | - | -€475 | |
| Remuneration, social security and pensions | 62 | €23,114 | €29,440 | +€6,326 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €8,712 | +€461 | +5.6% |
| Other operating charges | 640/8 | €3,117 | €2,643 | -€474 | -15.2% |
| Gross operating margin | 9900 | €50,139 | €51,305 | +€1,166 | +2.3% |
| Operating profit (loss) | 9901 | €15,657 | €10,510 | -€5,147 | -32.9% |
| Financial income | 75/76B | €4,226 | €1 | -€4,225 | -100.0% |
| Recurring financial income | 75 | €4,226 | €1 | -€4,225 | -100.0% |
| Financial charges | 65/66B | €615 | €776 | +€162 | +26.3% |
| Recurring financial charges | 65 | €615 | €776 | +€162 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €19,268 | €9,735 | -€9,533 | -49.5% |
| Income taxes | 67/77 | €5,654 | €5,663 | +€9 | +0.2% |
| Profit (loss) for the period | 9904 | €13,614 | €4,072 | -€9,542 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,614 | €4,072 | -€9,542 | -70.1% |
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 31 October 2026 via checked.be.