EMS-k: 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-k
Largest movements
- Cash +€178,987
up €178,987 (+95730.6%), from €187 to €179,174
mainly Net result for the year (+€136,782) and Tax, wage and social debts (+€47,231)
- Tangible fixed assets +€5,378
new in 2025: €5,378
- Reserves +€136,782
up €136,782 (+1091.7%), from €12,529 to €149,311
- Tax, wage and social debts +€47,231
up €47,231 (+640.6%), from €7,373 to €54,604
- Gross operating margin +€161,099
up €161,099 (+1023.9%), from €15,734 to €176,832
- Taxes +€35,860
up €35,860 (+1119.0%), from €3,205 to €39,065
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 | €24,387 | €208,903 | +€184,516 | +756.6% |
| Fixed assets | 21/28 | - | €5,378 | +€5,378 | |
| Tangible fixed assets | 22/27 | - | €5,378 | +€5,378 | |
| Furniture and vehicles | 24 | - | €5,378 | +€5,378 | |
| Current assets | 29/58 | €24,387 | €203,526 | +€179,139 | +734.6% |
| Amounts receivable within one year | 40/41 | €24,200 | €24,351 | +€151 | +0.6% |
| Trade receivables | 40 | €24,200 | €24,351 | +€151 | +0.6% |
| Cash at bank and in hand | 54/58 | €187 | €179,174 | +€178,987 | +95730.6% |
| Total equity and liabilities | 10/49 | €24,387 | €208,903 | +€184,516 | +756.6% |
| Equity | 10/15 | €15,029 | €151,811 | +€136,782 | +910.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,529 | €149,311 | +€136,782 | +1091.7% |
| Distributable reserves | 133 | €12,529 | €149,311 | +€136,782 | +1091.7% |
| Amounts payable | 17/49 | €9,358 | €57,092 | +€47,734 | +510.1% |
| Amounts payable within one year | 42/48 | €9,358 | €57,092 | +€47,734 | +510.1% |
| Trade debts | 44 | - | €493 | +€493 | |
| Suppliers | 440/4 | - | €493 | +€493 | |
| Taxes, remuneration and social security | 45 | €7,373 | €54,604 | +€47,231 | +640.6% |
| Taxes | 450/3 | €7,373 | €54,604 | +€47,231 | +640.6% |
| Other amounts payable | 47/48 | €1,985 | €1,995 | +€10 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €975 | +€975 | |
| Gross operating margin | 9900 | €15,734 | €176,832 | +€161,099 | +1023.9% |
| Operating profit (loss) | 9901 | €15,734 | €175,858 | +€160,124 | +1017.7% |
| Financial charges | 65/66B | - | €11 | +€11 | |
| Recurring financial charges | 65 | - | €11 | +€11 | |
| Profit (loss) for the period before taxes | 9903 | €15,734 | €175,847 | +€160,113 | +1017.6% |
| Income taxes | 67/77 | €3,205 | €39,065 | +€35,860 | +1119.0% |
| Profit (loss) for the period | 9904 | €12,529 | €136,782 | +€124,253 | +991.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,529 | €136,782 | +€124,253 | +991.7% |
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 2 October 2026 via checked.be.