EMMS: 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.
EMMS
Largest movements
- Tangible fixed assets -€23,542
down €23,542 (-28.8%), from €81,625 to €58,083
- Receivables within one year +€18,165
up €18,165 (+657%), from €2,766 to €20,931
of which Trade receivables: +€18,068
- Cash -€11,879
down €11,879 (-43.0%), from €27,611 to €15,731
mainly Receivables within one year (-€18,165) and Debts after one year (-€17,709)
- Deferred charges and accrued income +€1,928
up €1,928 (+296%), from €650 to €2,578
- Debts after one year -€17,709
down €17,709 (-58.5%), from €30,292 to €12,583
- Reserves -€15,485
down €15,485 (-36.2%), from €42,812 to €27,327
of which Distributable reserves: -€15,485
- Other debts +€15,356
up €15,356 (+2,720%), from €565 to €15,921
- Trade debts +€3,935
up €3,935 (+96.8%), from €4,064 to €7,999
- Current portion of long-term debt -€2,235
down €2,235 (-11.2%), from €19,943 to €17,709
- Gross operating margin -€20,174
down €20,174 (-39.3%), from €51,343 to €31,169
- Taxes -€5,182
down €5,182 (-81.4%), from €6,363 to €1,180
- Financial charges -€1,864
down €1,864 (-48.7%), from €3,825 to €1,961
- Other operating charges -€1,045
down €1,045 (-35.4%), from €2,948 to €1,903
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 | €112,652 | €97,323 | -€15,329 | -13.6% |
| Fixed assets | 21/28 | €81,625 | €58,083 | -€23,542 | -28.8% |
| Tangible fixed assets | 22/27 | €81,625 | €58,083 | -€23,542 | -28.8% |
| Furniture and vehicles | 24 | €81,625 | €58,083 | -€23,542 | -28.8% |
| Current assets | 29/58 | €31,027 | €39,240 | +€8,213 | +26.5% |
| Amounts receivable within one year | 40/41 | €2,766 | €20,931 | +€18,165 | +657% |
| Trade receivables | 40 | €2,706 | €20,773 | +€18,068 | +668% |
| Other amounts receivable | 41 | €60 | €157 | +€97 | +161% |
| Cash at bank and in hand | 54/58 | €27,611 | €15,731 | -€11,879 | -43.0% |
| Deferred charges and accrued income | 490/1 | €650 | €2,578 | +€1,928 | +296% |
| Total equity and liabilities | 10/49 | €112,652 | €97,323 | -€15,329 | -13.6% |
| Equity | 10/15 | €49,012 | €33,109 | -€15,902 | -32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,812 | €27,327 | -€15,485 | -36.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €42,812 | €27,327 | -€15,485 | -36.2% |
| Profit (loss) carried forward | 14 | €0 | -€418 | -€418 | |
| Amounts payable | 17/49 | €63,640 | €64,214 | +€573 | +0.9% |
| Amounts payable after more than one year | 17 | €30,292 | €12,583 | -€17,709 | -58.5% |
| Financial debts | 170/4 | €30,292 | €12,583 | -€17,709 | -58.5% |
| Amounts payable within one year | 42/48 | €33,016 | €51,291 | +€18,275 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €19,943 | €17,709 | -€2,235 | -11.2% |
| Trade debts | 44 | €4,064 | €7,999 | +€3,935 | +96.8% |
| Suppliers | 440/4 | €4,064 | €7,999 | +€3,935 | +96.8% |
| Taxes, remuneration and social security | 45 | €8,444 | €9,663 | +€1,219 | +14.4% |
| Taxes | 450/3 | €6,927 | €8,146 | +€1,219 | +17.6% |
| Remuneration and social security | 454/9 | €1,517 | €1,517 | = | 0.0% |
| Other amounts payable | 47/48 | €565 | €15,921 | +€15,356 | +2,720% |
| Accrued charges and deferred income | 492/3 | €333 | €340 | +€7 | +2.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,070 | €26,542 | +€472 | +1.8% |
| Other operating charges | 640/8 | €2,948 | €1,903 | -€1,045 | -35.4% |
| Gross operating margin | 9900 | €51,343 | €31,169 | -€20,174 | -39.3% |
| Operating profit (loss) | 9901 | €22,325 | €2,724 | -€19,601 | -87.8% |
| Financial income | 75/76B | €70 | €0 | -€70 | -100% |
| Recurring financial income | 75 | €70 | €0 | -€70 | -100% |
| Financial charges | 65/66B | €3,825 | €1,961 | -€1,864 | -48.7% |
| Recurring financial charges | 65 | €3,825 | €1,961 | -€1,864 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €18,569 | €763 | -€17,807 | -95.9% |
| Income taxes | 67/77 | €6,363 | €1,180 | -€5,182 | -81.4% |
| Profit (loss) for the period | 9904 | €12,207 | -€418 | -€12,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,207 | -€418 | -€12,625 |
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 17 October 2026 via checked.be.