Emergent Solutions: 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.
Emergent Solutions
Largest movements
- Cash -€52,245
down €52,245 (-43.3%), from €120,525 to €68,280
mainly Other debts (-€25,269) and Receivables within one year (-€21,071)
- Receivables within one year +€21,071
up €21,071 (+184%), from €11,462 to €32,533
of which Trade receivables: +€23,155
- Tangible fixed assets -€5,215
down €5,215 (-1.5%), from €338,913 to €333,698
of which Land and buildings: -€8,364
- Other debts -€25,269
down €25,269 (-14.6%), from €173,599 to €148,330
- Tax, wage and social debts +€9,340
up €9,340, from €0 to €9,340
- Debts after one year -€7,230
down €7,230 (-2.7%), from €265,332 to €258,102
of which Financial debts: -€7,230
- Profit (loss) carried forward -€7,061
down €7,061, from €0 to -€7,061
- Accrued charges and deferred income -€5,107
down €5,107 (-52.8%), from €9,667 to €4,560
- Gross operating margin -€67,007
down €67,007 (-77.4%), from €86,619 to €19,612
- Taxes -€12,023
down €12,023 (-97.7%), from €12,300 to €277
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 | €479,245 | €441,621 | -€37,624 | -7.9% |
| Fixed assets | 21/28 | €339,431 | €334,046 | -€5,385 | -1.6% |
| Tangible fixed assets | 22/27 | €338,913 | €333,698 | -€5,215 | -1.5% |
| Land and buildings | 22 | €334,589 | €326,225 | -€8,364 | -2.5% |
| Plant, machinery and equipment | 23 | - | €2,716 | +€2,716 | |
| Furniture and vehicles | 24 | €2,069 | €1,191 | -€878 | -42.4% |
| Other tangible fixed assets | 26 | €2,255 | €3,566 | +€1,311 | +58.1% |
| Financial fixed assets | 28 | €518 | €348 | -€170 | -32.8% |
| Current assets | 29/58 | €139,814 | €107,575 | -€32,239 | -23.1% |
| Amounts receivable within one year | 40/41 | €11,462 | €32,533 | +€21,071 | +184% |
| Trade receivables | 40 | €1,941 | €25,096 | +€23,155 | +1,193% |
| Other amounts receivable | 41 | €9,521 | €7,438 | -€2,084 | -21.9% |
| Cash at bank and in hand | 54/58 | €120,525 | €68,280 | -€52,245 | -43.3% |
| Deferred charges and accrued income | 490/1 | €7,827 | €6,762 | -€1,065 | -13.6% |
| Total equity and liabilities | 10/49 | €479,245 | €441,621 | -€37,624 | -7.9% |
| Equity | 10/15 | €18,600 | €11,539 | -€7,061 | -38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,061 | -€7,061 | |
| Amounts payable | 17/49 | €460,645 | €430,082 | -€30,563 | -6.6% |
| Amounts payable after more than one year | 17 | €265,332 | €258,102 | -€7,230 | -2.7% |
| Financial debts | 170/4 | €185,332 | €178,102 | -€7,230 | -3.9% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €185,645 | €167,420 | -€18,226 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €6,942 | €7,230 | +€288 | +4.1% |
| Trade debts | 44 | €5,104 | €2,519 | -€2,584 | -50.6% |
| Suppliers | 440/4 | €5,104 | €2,519 | -€2,584 | -50.6% |
| Taxes, remuneration and social security | 45 | €0 | €9,340 | +€9,340 | |
| Taxes | 450/3 | €0 | €9,340 | +€9,340 | |
| Other amounts payable | 47/48 | €173,599 | €148,330 | -€25,269 | -14.6% |
| Accrued charges and deferred income | 492/3 | €9,667 | €4,560 | -€5,107 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,061 | €10,199 | +€138 | +1.4% |
| Other operating charges | 640/8 | €1,112 | €1,263 | +€152 | +13.6% |
| Non-recurring operating charges | 66A | €4,610 | €0 | -€4,610 | -100% |
| Gross operating margin | 9900 | €86,619 | €19,612 | -€67,007 | -77.4% |
| Operating profit (loss) | 9901 | €70,837 | €8,150 | -€62,687 | -88.5% |
| Financial income | 75/76B | €552 | €435 | -€117 | -21.2% |
| Recurring financial income | 75 | €552 | €435 | -€117 | -21.2% |
| Financial charges | 65/66B | €14,512 | €15,369 | +€857 | +5.9% |
| Recurring financial charges | 65 | €14,512 | €15,369 | +€857 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €56,877 | -€6,784 | -€63,661 | |
| Income taxes | 67/77 | €12,300 | €277 | -€12,023 | -97.7% |
| Profit (loss) for the period | 9904 | €44,577 | -€7,061 | -€51,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,577 | -€7,061 | -€51,638 |
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 19 October 2026 via checked.be.