EMS+: 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.
EMS+
Largest movements
- Tangible fixed assets +€15,994
up €15,994 (+25.3%), from €63,321 to €79,315
- Cash +€4,691
up €4,691 (+221.0%), from €2,123 to €6,814
mainly Other debts (+€235,137) and Debts after one year (+€15,592)
- Stocks and contracts -€3,616
down €3,616 (-1.5%), from €248,257 to €244,641
- Receivables within one year -€3,376
down €3,376 (-52.8%), from €6,389 to €3,013
of which Trade receivables: -€3,138
- Trade debts -€239,181
down €239,181 (-99.5%), from €240,263 to €1,082
- Other debts +€235,137
up €235,137 (+138.1%), from €170,310 to €405,448
- Debts after one year +€15,592
up €15,592 (+24.6%), from €63,321 to €78,913
- Current portion of long-term debt +€6,704
new in 2025: €6,704
- Profit (loss) carried forward -€5,378
down €5,378 (-3.1%), from -€173,888 to -€179,267
- Purchases and services -€210,482
down €210,482 (-93.4%), from €225,341 to €14,859
- Gross operating margin +€158,732
up €158,732, from -€147,149 to €11,583
- Turnover -€51,906
down €51,906 (-66.4%), from €78,192 to €26,285
- Depreciation +€8,385
new in 2025: €8,385
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 | €320,091 | €333,962 | +€13,871 | +4.3% |
| Fixed assets | 21/28 | €63,321 | €79,315 | +€15,994 | +25.3% |
| Tangible fixed assets | 22/27 | €63,321 | €79,315 | +€15,994 | +25.3% |
| Plant, machinery and equipment | 23 | €63,321 | €79,315 | +€15,994 | +25.3% |
| Current assets | 29/58 | €256,770 | €254,647 | -€2,122 | -0.8% |
| Stocks and contracts in progress | 3 | €248,257 | €244,641 | -€3,616 | -1.5% |
| Stocks | 30/36 | €248,257 | €244,641 | -€3,616 | -1.5% |
| Amounts receivable within one year | 40/41 | €6,389 | €3,013 | -€3,376 | -52.8% |
| Trade receivables | 40 | €6,151 | €3,013 | -€3,138 | -51.0% |
| Other amounts receivable | 41 | €238 | €0 | -€238 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,123 | €6,814 | +€4,691 | +221.0% |
| Deferred charges and accrued income | 490/1 | - | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €320,091 | €333,962 | +€13,871 | +4.3% |
| Equity | 10/15 | -€153,888 | -€159,267 | -€5,378 | -3.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,888 | -€179,267 | -€5,378 | -3.1% |
| Amounts payable | 17/49 | €473,979 | €493,229 | +€19,250 | +4.1% |
| Amounts payable after more than one year | 17 | €63,321 | €78,913 | +€15,592 | +24.6% |
| Financial debts | 170/4 | €63,321 | €78,913 | +€15,592 | +24.6% |
| Amounts payable within one year | 42/48 | €410,573 | €413,393 | +€2,821 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,704 | +€6,704 | |
| Trade debts | 44 | €240,263 | €1,082 | -€239,181 | -99.5% |
| Suppliers | 440/4 | €240,263 | €1,082 | -€239,181 | -99.5% |
| Taxes, remuneration and social security | 45 | - | €160 | +€160 | |
| Taxes | 450/3 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €170,310 | €405,448 | +€235,137 | +138.1% |
| Accrued charges and deferred income | 492/3 | €85 | €922 | +€837 | +983.6% |
| Turnover | 70 | €78,192 | €26,285 | -€51,906 | -66.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,341 | €14,859 | -€210,482 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,385 | +€8,385 | |
| Other operating charges | 640/8 | €620 | €600 | -€20 | -3.2% |
| Gross operating margin | 9900 | -€147,149 | €11,583 | +€158,732 | |
| Operating profit (loss) | 9901 | -€147,769 | €2,599 | +€150,368 | |
| Financial income | 75/76B | €70 | - | -€70 | |
| Recurring financial income | 75 | €70 | - | -€70 | |
| Financial charges | 65/66B | €7,972 | €7,977 | +€5 | +0.1% |
| Recurring financial charges | 65 | €7,972 | €7,977 | +€5 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€155,671 | -€5,378 | +€150,293 | +96.5% |
| Profit (loss) for the period | 9904 | -€155,671 | -€5,378 | +€150,293 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€155,671 | -€5,378 | +€150,293 | +96.5% |
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 7 October 2026 via checked.be.