EMS Trading: 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 Trading
Largest movements
- Stocks and contracts +€9,285
up €9,285 (+4.7%), from €196,165 to €205,450
- Debts after one year +€180,000
new in 2025: €180,000
- Other debts -€84,133
down €84,133 (-79.0%), from €106,475 to €22,343
- Trade debts -€82,227
down €82,227 (-90.3%), from €91,055 to €8,827
- Gross operating margin -€4,990
down €4,990 (-73.7%), from €6,767 to €1,777
- Financial charges -€981
down €981 (-90.2%), from €1,088 to €107
- Taxes -€866
down €866 (-54.3%), from €1,596 to €730
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 | €204,722 | €216,398 | +€11,676 | +5.7% |
| Fixed assets | 21/28 | €2,336 | €1,752 | -€584 | -25.0% |
| Tangible fixed assets | 22/27 | €2,336 | €1,752 | -€584 | -25.0% |
| Plant, machinery and equipment | 23 | €2,336 | €1,752 | -€584 | -25.0% |
| Current assets | 29/58 | €202,386 | €214,646 | +€12,260 | +6.1% |
| Stocks and contracts in progress | 3 | €196,165 | €205,450 | +€9,285 | +4.7% |
| Stocks | 30/36 | €196,165 | €205,450 | +€9,285 | +4.7% |
| Amounts receivable within one year | 40/41 | €283 | €1,088 | +€805 | +285% |
| Trade receivables | 40 | €283 | €1,088 | +€805 | +285% |
| Cash at bank and in hand | 54/58 | €5,347 | €7,491 | +€2,144 | +40.1% |
| Deferred charges and accrued income | 490/1 | €592 | €617 | +€26 | +4.3% |
| Total equity and liabilities | 10/49 | €204,722 | €216,398 | +€11,676 | +5.7% |
| Equity | 10/15 | €2,256 | €2,289 | +€34 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €286 | €286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €286 | €286 | = | 0.0% |
| Reserves not available under the articles | 1311 | €286 | €286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,231 | -€4,197 | +€34 | +0.8% |
| Amounts payable | 17/49 | €202,467 | €214,109 | +€11,642 | +5.8% |
| Amounts payable after more than one year | 17 | - | €180,000 | +€180,000 | |
| Other amounts payable | 178/9 | - | €180,000 | +€180,000 | |
| Amounts payable within one year | 42/48 | €202,467 | €34,109 | -€168,358 | -83.2% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €91,055 | €8,827 | -€82,227 | -90.3% |
| Suppliers | 440/4 | €91,055 | €8,827 | -€82,227 | -90.3% |
| Taxes, remuneration and social security | 45 | €4,936 | €2,938 | -€1,997 | -40.5% |
| Taxes | 450/3 | €4,936 | €2,938 | -€1,997 | -40.5% |
| Other amounts payable | 47/48 | €106,475 | €22,343 | -€84,133 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €584 | = | 0.0% |
| Other operating charges | 640/8 | €295 | €323 | +€28 | +9.4% |
| Gross operating margin | 9900 | €6,767 | €1,777 | -€4,990 | -73.7% |
| Operating profit (loss) | 9901 | €5,888 | €870 | -€5,017 | -85.2% |
| Financial charges | 65/66B | €1,088 | €107 | -€981 | -90.2% |
| Recurring financial charges | 65 | €1,088 | €107 | -€981 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €4,799 | €764 | -€4,036 | -84.1% |
| Income taxes | 67/77 | €1,596 | €730 | -€866 | -54.3% |
| Profit (loss) for the period | 9904 | €3,204 | €34 | -€3,170 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,204 | €34 | -€3,170 | -99.0% |
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 29 October 2026 via checked.be.