EMG-SYSTEMES-FORMATIONS: 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.
EMG-SYSTEMES-FORMATIONS
Largest movements
- Cash -€4,779
down €4,779 (-30.9%), from €15,443 to €10,663
mainly Net result for the year (-€8,113) and Investment in fixed assets (net) (-€5,835)
- Tangible fixed assets -€2,977
down €2,977 (-16.9%), from €17,614 to €14,638
of which Furniture and vehicles: -€2,920
- Profit (loss) carried forward -€8,113
down €8,113, from €5 to -€8,107
- Other operating charges -€4,186
no longer reported in 2025 (was €4,186)
- Gross operating margin -€1,813
down €1,813 (-63.3%), from €2,864 to €1,052
- Depreciation +€688
up €688 (+8.5%), from €8,124 to €8,812
- Taxes +€83
up €83 (+144.2%), from €58 to €141
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 | €35,665 | €28,025 | -€7,640 | -21.4% |
| Fixed assets | 21/28 | €17,614 | €14,638 | -€2,977 | -16.9% |
| Tangible fixed assets | 22/27 | €17,614 | €14,638 | -€2,977 | -16.9% |
| Furniture and vehicles | 24 | €16,123 | €13,203 | -€2,920 | -18.1% |
| Other tangible fixed assets | 26 | €1,491 | €1,434 | -€57 | -3.8% |
| Current assets | 29/58 | €18,051 | €13,387 | -€4,664 | -25.8% |
| Amounts receivable within one year | 40/41 | €2,608 | €2,724 | +€116 | +4.4% |
| Trade receivables | 40 | €120 | €2,718 | +€2,598 | +2164.7% |
| Other amounts receivable | 41 | €2,488 | €6 | -€2,482 | -99.8% |
| Cash at bank and in hand | 54/58 | €15,443 | €10,663 | -€4,779 | -30.9% |
| Total equity and liabilities | 10/49 | €35,665 | €28,025 | -€7,640 | -21.4% |
| Equity | 10/15 | €35,665 | €27,553 | -€8,113 | -22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,460 | €29,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,600 | €27,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5 | -€8,107 | -€8,113 | |
| Amounts payable | 17/49 | - | €472 | +€472 | |
| Amounts payable within one year | 42/48 | - | €472 | +€472 | |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Other amounts payable | 47/48 | - | €332 | +€332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,124 | €8,812 | +€688 | +8.5% |
| Other operating charges | 640/8 | €4,186 | - | -€4,186 | |
| Gross operating margin | 9900 | €2,864 | €1,052 | -€1,813 | -63.3% |
| Operating profit (loss) | 9901 | -€9,445 | -€7,760 | +€1,685 | +17.8% |
| Financial income | 75/76B | €17 | €1 | -€16 | -97.0% |
| Recurring financial income | 75 | €17 | €1 | -€16 | -97.0% |
| Financial charges | 65/66B | €206 | €212 | +€6 | +2.9% |
| Recurring financial charges | 65 | €206 | €212 | +€6 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,635 | -€7,972 | +€1,663 | +17.3% |
| Income taxes | 67/77 | €58 | €141 | +€83 | +144.2% |
| Profit (loss) for the period | 9904 | -€9,693 | -€8,113 | +€1,580 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,693 | -€8,113 | +€1,580 | +16.3% |
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 5 October 2026 via checked.be.