EMS Groupe: 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 Groupe
Largest movements
- Receivables within one year +€84,996
up €84,996 (+62.7%), from €135,480 to €220,476
of which Trade receivables: +€84,119
- Cash +€37,799
up €37,799 (+31,197%), from €121 to €37,920
mainly Net result for the year (+€70,968) and Trade debts (+€39,378)
- Financial fixed assets +€2,895
up €2,895 (+16.2%), from €17,850 to €20,745
- Profit (loss) carried forward +€70,968
up €70,968 (+114%), from €62,229 to €133,196
- Trade debts +€39,378
up €39,378 (+397%), from €9,928 to €49,307
- Tax, wage and social debts +€32,573
up €32,573 (+70.9%), from €45,962 to €78,536
of which Taxes: +€33,653
- Current portion of long-term debt -€14,003
down €14,003 (-95.1%), from €14,724 to €721
- Other debts -€3,400
down €3,400 (-63.8%), from €5,330 to €1,931
- Gross operating margin +€135,246
up €135,246 (+167%), from €81,137 to €216,383
- Staff costs +€35,441
up €35,441 (+47.0%), from €75,466 to €110,907
- Financial charges -€15,410
down €15,410 (-49.6%), from €31,071 to €15,661
of which Non-recurring financial charges: -€25,413
- Taxes +€10,299
new in 2025: €10,299
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 | €156,774 | €282,290 | +€125,517 | +80.1% |
| Fixed assets | 21/28 | €21,172 | €23,895 | +€2,722 | +12.9% |
| Tangible fixed assets | 22/27 | €3,322 | €3,150 | -€172 | -5.2% |
| Plant, machinery and equipment | 23 | - | €1,467 | +€1,467 | |
| Furniture and vehicles | 24 | €3,322 | €1,683 | -€1,639 | -49.3% |
| Financial fixed assets | 28 | €17,850 | €20,745 | +€2,895 | +16.2% |
| Current assets | 29/58 | €135,601 | €258,396 | +€122,794 | +90.6% |
| Amounts receivable within one year | 40/41 | €135,480 | €220,476 | +€84,996 | +62.7% |
| Trade receivables | 40 | €87,509 | €171,628 | +€84,119 | +96.1% |
| Other amounts receivable | 41 | €47,971 | €48,847 | +€876 | +1.8% |
| Cash at bank and in hand | 54/58 | €121 | €37,920 | +€37,799 | +31,197% |
| Total equity and liabilities | 10/49 | €156,774 | €282,290 | +€125,517 | +80.1% |
| Equity | 10/15 | €80,829 | €151,796 | +€70,968 | +87.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,229 | €133,196 | +€70,968 | +114% |
| Amounts payable | 17/49 | €75,945 | €130,494 | +€54,549 | +71.8% |
| Amounts payable within one year | 42/48 | €75,945 | €130,494 | +€54,549 | +71.8% |
| Current portion of amounts payable after more than one year | 42 | €14,724 | €721 | -€14,003 | -95.1% |
| Trade debts | 44 | €9,928 | €49,307 | +€39,378 | +397% |
| Suppliers | 440/4 | €9,928 | €49,307 | +€39,378 | +397% |
| Taxes, remuneration and social security | 45 | €45,962 | €78,536 | +€32,573 | +70.9% |
| Taxes | 450/3 | €32,629 | €66,282 | +€33,653 | +103% |
| Remuneration and social security | 454/9 | €13,333 | €12,253 | -€1,080 | -8.1% |
| Other amounts payable | 47/48 | €5,330 | €1,931 | -€3,400 | -63.8% |
| Remuneration, social security and pensions | 62 | €75,466 | €110,907 | +€35,441 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €1,922 | +€659 | +52.1% |
| Other operating charges | 640/8 | €3,713 | €5,871 | +€2,158 | +58.1% |
| Non-recurring operating charges | 66A | - | €754 | +€754 | |
| Gross operating margin | 9900 | €81,137 | €216,383 | +€135,246 | +167% |
| Operating profit (loss) | 9901 | €695 | €96,928 | +€96,234 | +13,849% |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -94.6% |
| Non-recurring financial income | 76B | €4 | - | -€4 | |
| Financial charges | 65/66B | €31,071 | €15,661 | -€15,410 | -49.6% |
| Recurring financial charges | 65 | €5,658 | €15,661 | +€10,003 | +177% |
| Non-recurring financial charges | 66B | €25,413 | - | -€25,413 | |
| Profit (loss) for the period before taxes | 9903 | -€30,369 | €81,267 | +€111,636 | |
| Income taxes | 67/77 | - | €10,299 | +€10,299 | |
| Profit (loss) for the period | 9904 | -€30,369 | €70,968 | +€101,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,369 | €70,968 | +€101,337 |
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 27 October 2026 via checked.be.