EMS Management: 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 Management
Largest movements
- Receivables within one year +€3,881
up €3,881 (+1107.3%), from €351 to €4,232
of which Trade receivables: +€3,881
- Cash +€3,048
up €3,048 (+3.7%), from €83,494 to €86,542
mainly Deferred charges and accrued income (+€2,790) and Tax, wage and social debts (+€2,189)
- Deferred charges and accrued income -€2,790
down €2,790 (-46.8%), from €5,963 to €3,172
- Tangible fixed assets -€1,438
down €1,438 (-29.9%), from €4,814 to €3,376
of which Plant, machinery and equipment: -€3,306
- Tax, wage and social debts +€2,189
up €2,189 (+172.0%), from €1,273 to €3,462
- Gross operating margin -€1,027
down €1,027 (-14.7%), from €6,970 to €5,943
- Taxes +€493
up €493 (+34.5%), from €1,429 to €1,922
- Other operating charges -€398
down €398 (-40.3%), from €989 to €591
- Depreciation -€249
down €249 (-14.7%), from €1,687 to €1,438
- Financial charges +€235
up €235 (+16.9%), from €1,385 to €1,619
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 | €94,621 | €97,322 | +€2,701 | +2.9% |
| Fixed assets | 21/28 | €4,814 | €3,376 | -€1,438 | -29.9% |
| Tangible fixed assets | 22/27 | €4,814 | €3,376 | -€1,438 | -29.9% |
| Plant, machinery and equipment | 23 | €3,306 | €0 | -€3,306 | -100.0% |
| Furniture and vehicles | 24 | €1,508 | €70 | -€1,438 | -95.4% |
| Other tangible fixed assets | 26 | - | €3,306 | +€3,306 | |
| Current assets | 29/58 | €89,807 | €93,946 | +€4,139 | +4.6% |
| Amounts receivable within one year | 40/41 | €351 | €4,232 | +€3,881 | +1107.3% |
| Trade receivables | 40 | €30 | €3,911 | +€3,881 | +13046.0% |
| Other amounts receivable | 41 | €321 | €321 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,494 | €86,542 | +€3,048 | +3.7% |
| Deferred charges and accrued income | 490/1 | €5,963 | €3,172 | -€2,790 | -46.8% |
| Total equity and liabilities | 10/49 | €94,621 | €97,322 | +€2,701 | +2.9% |
| Equity | 10/15 | €91,310 | €91,682 | +€372 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,585 | €86,585 | = | 0.0% |
| Distributable reserves | 133 | €86,585 | €86,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,474 | -€1,102 | +€372 | +25.2% |
| Amounts payable | 17/49 | €3,310 | €5,640 | +€2,329 | +70.4% |
| Amounts payable within one year | 42/48 | €3,310 | €5,390 | +€2,079 | +62.8% |
| Trade debts | 44 | €2,038 | €1,214 | -€824 | -40.4% |
| Suppliers | 440/4 | €2,038 | €1,214 | -€824 | -40.4% |
| Taxes, remuneration and social security | 45 | €1,273 | €3,462 | +€2,189 | +172.0% |
| Taxes | 450/3 | €1,273 | €3,462 | +€2,189 | +172.0% |
| Other amounts payable | 47/48 | - | €714 | +€714 | |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,687 | €1,438 | -€249 | -14.7% |
| Other operating charges | 640/8 | €989 | €591 | -€398 | -40.3% |
| Gross operating margin | 9900 | €6,970 | €5,943 | -€1,027 | -14.7% |
| Operating profit (loss) | 9901 | €4,294 | €3,914 | -€380 | -8.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,385 | €1,619 | +€235 | +16.9% |
| Recurring financial charges | 65 | €1,385 | €1,619 | +€235 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,909 | €2,294 | -€615 | -21.1% |
| Income taxes | 67/77 | €1,429 | €1,922 | +€493 | +34.5% |
| Profit (loss) for the period | 9904 | €1,480 | €372 | -€1,108 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,480 | €372 | -€1,108 | -74.9% |
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 8 October 2026 via checked.be.