EMS ELECT: 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 ELECT
Largest movements
- Receivables within one year -€7,028
down €7,028 (-51.6%), from €13,631 to €6,603
of which Trade receivables: -€6,362
- Tangible fixed assets -€2,217
down €2,217 (-17.8%), from €12,435 to €10,218
- Cash +€2,097
up €2,097 (+31.2%), from €6,731 to €8,828
mainly Trade debts (+€7,479) and Receivables within one year (+€7,028)
- Stocks and contracts +€1,675
up €1,675 (+41.7%), from €4,020 to €5,695
- Deferred charges and accrued income +€1,019
new in 2025: €1,019
- Tax, wage and social debts -€9,883
down €9,883 (-85.1%), from €11,616 to €1,734
of which Taxes: -€10,651
- Trade debts +€7,479
up €7,479 (+182%), from €4,120 to €11,599
- Other debts +€6,362
up €6,362 (+12.0%), from €53,046 to €59,408
- Profit (loss) carried forward -€5,116
down €5,116 (-8.8%), from -€57,839 to -€62,954
- Debts after one year -€2,576
no longer reported in 2025 (was €2,576)
- Gross operating margin +€34,276
up €34,276, from -€28,949 to €5,327
- Financial charges +€4,158
up €4,158 (+254%), from €1,638 to €5,796
- Other operating charges -€2,256
down €2,256 (-94.7%), from €2,384 to €128
- Staff costs +€911
up €911 (+125%), from €730 to €1,641
- Depreciation +€883
up €883 (+48.9%), from €1,809 to €2,692
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 | €36,817 | €32,363 | -€4,454 | -12.1% |
| Fixed assets | 21/28 | €12,435 | €10,218 | -€2,217 | -17.8% |
| Tangible fixed assets | 22/27 | €12,435 | €10,218 | -€2,217 | -17.8% |
| Furniture and vehicles | 24 | €12,435 | €10,218 | -€2,217 | -17.8% |
| Current assets | 29/58 | €24,382 | €22,145 | -€2,237 | -9.2% |
| Stocks and contracts in progress | 3 | €4,020 | €5,695 | +€1,675 | +41.7% |
| Stocks | 30/36 | €4,020 | €5,695 | +€1,675 | +41.7% |
| Amounts receivable within one year | 40/41 | €13,631 | €6,603 | -€7,028 | -51.6% |
| Trade receivables | 40 | €11,454 | €5,092 | -€6,362 | -55.5% |
| Other amounts receivable | 41 | €2,178 | €1,511 | -€667 | -30.6% |
| Cash at bank and in hand | 54/58 | €6,731 | €8,828 | +€2,097 | +31.2% |
| Deferred charges and accrued income | 490/1 | - | €1,019 | +€1,019 | |
| Total equity and liabilities | 10/49 | €36,817 | €32,363 | -€4,454 | -12.1% |
| Equity | 10/15 | -€37,839 | -€42,954 | -€5,116 | -13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,839 | -€62,954 | -€5,116 | -8.8% |
| Amounts payable | 17/49 | €74,656 | €75,317 | +€661 | +0.9% |
| Amounts payable after more than one year | 17 | €2,576 | - | -€2,576 | |
| Financial debts | 170/4 | €2,576 | - | -€2,576 | |
| Amounts payable within one year | 42/48 | €72,080 | €75,317 | +€3,237 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €3,297 | €2,576 | -€721 | -21.9% |
| Trade debts | 44 | €4,120 | €11,599 | +€7,479 | +182% |
| Suppliers | 440/4 | €4,120 | €11,599 | +€7,479 | +182% |
| Taxes, remuneration and social security | 45 | €11,616 | €1,734 | -€9,883 | -85.1% |
| Taxes | 450/3 | €11,616 | €965 | -€10,651 | -91.7% |
| Remuneration and social security | 454/9 | - | €768 | +€768 | |
| Other amounts payable | 47/48 | €53,046 | €59,408 | +€6,362 | +12.0% |
| Remuneration, social security and pensions | 62 | €730 | €1,641 | +€911 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,809 | €2,692 | +€883 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €225 | +€225 | |
| Other operating charges | 640/8 | €2,384 | €128 | -€2,256 | -94.7% |
| Gross operating margin | 9900 | -€28,949 | €5,327 | +€34,276 | |
| Operating profit (loss) | 9901 | -€33,870 | €641 | +€34,512 | |
| Financial income | 75/76B | €903 | €39 | -€864 | -95.6% |
| Recurring financial income | 75 | €903 | €39 | -€864 | -95.6% |
| Financial charges | 65/66B | €1,638 | €5,796 | +€4,158 | +254% |
| Recurring financial charges | 65 | €1,638 | €5,796 | +€4,158 | +254% |
| Profit (loss) for the period before taxes | 9903 | -€34,605 | -€5,116 | +€29,490 | +85.2% |
| Profit (loss) for the period | 9904 | -€34,605 | -€5,116 | +€29,490 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,605 | -€5,116 | +€29,490 | +85.2% |
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 14 October 2026 via checked.be.