EMS: 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.
EMS
Largest movements
- Stocks and contracts -€19,000
down €19,000 (-89.3%), from €21,280 to €2,280
- Tangible fixed assets -€8,517
down €8,517 (-50.3%), from €16,938 to €8,422
of which Furniture and vehicles: -€8,400
- Receivables within one year +€7,874
up €7,874 (+5.0%), from €157,658 to €165,532
of which Other amounts receivable: +€22,554
- Trade debts -€43,217
down €43,217 (-60.7%), from €71,176 to €27,958
- Reserves +€15,928
up €15,928 (+8.4%), from €189,118 to €205,046
of which Distributable reserves: +€15,928
- Tax, wage and social debts +€14,545
up €14,545 (+180%), from €8,074 to €22,620
of which Taxes: +€16,233
- Debts after one year -€13,529
no longer reported in 2025 (was €13,529)
- Short-term financial debts +€5,750
up €5,750 (+36.5%), from €15,766 to €21,516
- Gross operating margin +€15,206
up €15,206 (+34.3%), from €44,341 to €59,547
- Financial charges +€14,965
up €14,965 (+159%), from €9,390 to €24,356
of which Non-recurring financial charges: +€17,463
- Other operating charges -€7,689
down €7,689 (-89.0%), from €8,642 to €953
- Staff costs -€7,656
down €7,656, from €7,429 to -€227
- Taxes +€5,441
up €5,441 (+103%), from €5,271 to €10,712
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,047 | €298,869 | -€20,179 | -6.3% |
| Fixed assets | 21/28 | €16,938 | €8,422 | -€8,517 | -50.3% |
| Tangible fixed assets | 22/27 | €16,938 | €8,422 | -€8,517 | -50.3% |
| Land and buildings | 22 | €299 | €183 | -€117 | -39.0% |
| Furniture and vehicles | 24 | €16,639 | €8,239 | -€8,400 | -50.5% |
| Current assets | 29/58 | €302,109 | €290,447 | -€11,662 | -3.9% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €21,280 | €2,280 | -€19,000 | -89.3% |
| Stocks | 30/36 | €21,280 | €2,280 | -€19,000 | -89.3% |
| Amounts receivable within one year | 40/41 | €157,658 | €165,532 | +€7,874 | +5.0% |
| Trade receivables | 40 | €83,502 | €68,822 | -€14,680 | -17.6% |
| Other amounts receivable | 41 | €74,156 | €96,710 | +€22,554 | +30.4% |
| Deferred charges and accrued income | 490/1 | €3,171 | €2,635 | -€537 | -16.9% |
| Total equity and liabilities | 10/49 | €319,047 | €298,869 | -€20,179 | -6.3% |
| Equity | 10/15 | €195,318 | €211,246 | +€15,928 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,118 | €205,046 | +€15,928 | +8.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €187,259 | €203,187 | +€15,928 | +8.5% |
| Amounts payable | 17/49 | €123,729 | €87,622 | -€36,107 | -29.2% |
| Amounts payable after more than one year | 17 | €13,529 | - | -€13,529 | |
| Financial debts | 170/4 | €13,529 | - | -€13,529 | |
| Amounts payable within one year | 42/48 | €108,092 | €85,622 | -€22,470 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €13,077 | €13,529 | +€452 | +3.5% |
| Financial debts | 43 | €15,766 | €21,516 | +€5,750 | +36.5% |
| Credit institutions | 430/8 | €15,766 | €21,516 | +€5,750 | +36.5% |
| Trade debts | 44 | €71,176 | €27,958 | -€43,217 | -60.7% |
| Suppliers | 440/4 | €71,176 | €27,958 | -€43,217 | -60.7% |
| Taxes, remuneration and social security | 45 | €8,074 | €22,620 | +€14,545 | +180% |
| Taxes | 450/3 | €6,121 | €22,354 | +€16,233 | +265% |
| Remuneration and social security | 454/9 | €1,953 | €265 | -€1,687 | -86.4% |
| Accrued charges and deferred income | 492/3 | €2,108 | €2,000 | -€108 | -5.1% |
| Remuneration, social security and pensions | 62 | €7,429 | -€227 | -€7,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,517 | €8,517 | = | 0.0% |
| Other operating charges | 640/8 | €8,642 | €953 | -€7,689 | -89.0% |
| Gross operating margin | 9900 | €44,341 | €59,547 | +€15,206 | +34.3% |
| Operating profit (loss) | 9901 | €19,753 | €50,303 | +€30,550 | +155% |
| Financial income | 75/76B | €5,432 | €7,900 | +€2,469 | +45.5% |
| Recurring financial income | 75 | €5,432 | €7,900 | +€2,469 | +45.5% |
| Financial charges | 65/66B | €9,390 | €24,356 | +€14,965 | +159% |
| Recurring financial charges | 65 | €9,390 | €6,893 | -€2,497 | -26.6% |
| Non-recurring financial charges | 66B | - | €17,463 | +€17,463 | |
| Profit (loss) for the period before taxes | 9903 | €15,794 | €33,848 | +€18,054 | +114% |
| Income taxes | 67/77 | €5,271 | €10,712 | +€5,441 | +103% |
| Profit (loss) for the period | 9904 | €10,523 | €23,136 | +€12,613 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €10,523 | €23,136 | +€12,613 | +120% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.