EMR Services: 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.
EMR Services
Largest movements
- Tangible fixed assets +€252,614
up €252,614 (+213.9%), from €118,079 to €370,693
of which Land and buildings: +€342,099
- Receivables within one year -€44,646
down €44,646 (-41.9%), from €106,619 to €61,974
of which Trade receivables: -€52,006
- Cash -€43,222
down €43,222 (-98.9%), from €43,710 to €487
mainly Investment in fixed assets (net) (-€259,408) and Stocks and contracts (-€35,783)
- Stocks and contracts +€35,783
up €35,783 (+27.6%), from €129,446 to €165,228
- Debts after one year +€201,579
up €201,579 (+219.1%), from €92,020 to €293,599
of which Financial debts: +€199,079
- Other debts -€13,679
down €13,679 (-8.9%), from €153,274 to €139,595
- Current portion of long-term debt +€13,206
up €13,206 (+536.7%), from €2,461 to €15,667
- Trade debts -€12,234
down €12,234 (-16.1%), from €75,977 to €63,744
- Profit (loss) carried forward +€7,330
up €7,330 (+14.2%), from €51,643 to €58,974
- Gross operating margin +€61,971
up €61,971 (+410.7%), from €15,089 to €77,060
- Other operating charges +€50,672
up €50,672 (+292056.0%), from €17 to €50,689
- Depreciation +€6,091
up €6,091 (+1116.8%), from €545 to €6,636
- Financial charges +€5,389
up €5,389 (+135.1%), from €3,990 to €9,379
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 | €398,414 | €598,835 | +€200,420 | +50.3% |
| Fixed assets | 21/28 | €118,374 | €371,146 | +€252,772 | +213.5% |
| Tangible fixed assets | 22/27 | €118,079 | €370,693 | +€252,614 | +213.9% |
| Land and buildings | 22 | - | €342,099 | +€342,099 | |
| Plant, machinery and equipment | 23 | €617 | €21,287 | +€20,670 | +3349.9% |
| Furniture and vehicles | 24 | €464 | €7,307 | +€6,843 | +1474.0% |
| Assets under construction and advance payments | 27 | €116,998 | - | -€116,998 | |
| Financial fixed assets | 28 | €295 | €453 | +€158 | +53.6% |
| Current assets | 29/58 | €280,040 | €227,689 | -€52,351 | -18.7% |
| Stocks and contracts in progress | 3 | €129,446 | €165,228 | +€35,783 | +27.6% |
| Stocks | 30/36 | €129,446 | €165,228 | +€35,783 | +27.6% |
| Amounts receivable within one year | 40/41 | €106,619 | €61,974 | -€44,646 | -41.9% |
| Trade receivables | 40 | €105,619 | €53,613 | -€52,006 | -49.2% |
| Other amounts receivable | 41 | €1,000 | €8,360 | +€7,360 | +736.0% |
| Cash at bank and in hand | 54/58 | €43,710 | €487 | -€43,222 | -98.9% |
| Deferred charges and accrued income | 490/1 | €266 | - | -€266 | |
| Total equity and liabilities | 10/49 | €398,414 | €598,835 | +€200,420 | +50.3% |
| Equity | 10/15 | €70,243 | €77,574 | +€7,330 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,643 | €58,974 | +€7,330 | +14.2% |
| Amounts payable | 17/49 | €328,171 | €521,261 | +€193,090 | +58.8% |
| Amounts payable after more than one year | 17 | €92,020 | €293,599 | +€201,579 | +219.1% |
| Financial debts | 170/4 | €92,020 | €291,099 | +€199,079 | +216.3% |
| Other amounts payable | 178/9 | - | €2,500 | +€2,500 | |
| Amounts payable within one year | 42/48 | €235,401 | €227,662 | -€7,739 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €2,461 | €15,667 | +€13,206 | +536.7% |
| Trade debts | 44 | €75,977 | €63,744 | -€12,234 | -16.1% |
| Suppliers | 440/4 | €75,977 | €63,744 | -€12,234 | -16.1% |
| Taxes, remuneration and social security | 45 | €3,689 | €8,657 | +€4,967 | +134.6% |
| Taxes | 450/3 | €3,689 | €6,657 | +€2,967 | +80.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €153,274 | €139,595 | -€13,679 | -8.9% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Non-recurring operating income | 76A | €4,132 | €112,462 | +€108,330 | +2621.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €6,636 | +€6,091 | +1116.8% |
| Other operating charges | 640/8 | €17 | €50,689 | +€50,672 | +292056.0% |
| Gross operating margin | 9900 | €15,089 | €77,060 | +€61,971 | +410.7% |
| Operating profit (loss) | 9901 | €14,526 | €19,735 | +€5,209 | +35.9% |
| Financial income | 75/76B | €12 | €6 | -€7 | -54.7% |
| Recurring financial income | 75 | €12 | €6 | -€7 | -54.7% |
| Financial charges | 65/66B | €3,990 | €9,379 | +€5,389 | +135.1% |
| Recurring financial charges | 65 | €3,990 | €9,379 | +€5,389 | +135.1% |
| Profit (loss) for the period before taxes | 9903 | €10,549 | €10,362 | -€187 | -1.8% |
| Income taxes | 67/77 | €2,746 | €3,031 | +€285 | +10.4% |
| Profit (loss) for the period | 9904 | €7,802 | €7,330 | -€472 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,802 | €7,330 | -€472 | -6.0% |
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.