EMT Management: 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.
EMT Management
Largest movements
- Cash +€96,283
up €96,283 (+88.6%), from €108,721 to €205,004
mainly Net result for the year (+€110,195) and Other debts (+€21,272)
- Receivables within one year +€28,380
up €28,380 (+126%), from €22,591 to €50,971
- Deferred charges and accrued income +€14,000
new in 2025: €14,000
- Tangible fixed assets +€12,413
up €12,413 (+103%), from €12,015 to €24,427
of which Plant, machinery and equipment: +€7,971
- Reserves +€110,195
up €110,195 (+118%), from €93,543 to €203,738
- Other debts +€21,272
up €21,272 (+375%), from €5,673 to €26,944
- Trade debts +€19,638
up €19,638 (+710%), from €2,765 to €22,403
- Gross operating margin +€30,602
up €30,602 (+25.8%), from €118,588 to €149,190
- Depreciation +€4,056
up €4,056 (+437%), from €929 to €4,985
- Financial charges +€1,515
up €1,515 (+638%), from €237 to €1,752
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 | €143,676 | €294,403 | +€150,726 | +105% |
| Fixed assets | 21/28 | €12,365 | €24,427 | +€12,063 | +97.6% |
| Tangible fixed assets | 22/27 | €12,015 | €24,427 | +€12,413 | +103% |
| Plant, machinery and equipment | 23 | €7,040 | €15,011 | +€7,971 | +113% |
| Furniture and vehicles | 24 | €4,974 | €9,416 | +€4,442 | +89.3% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €131,312 | €269,975 | +€138,663 | +106% |
| Amounts receivable within one year | 40/41 | €22,591 | €50,971 | +€28,380 | +126% |
| Trade receivables | 40 | €22,591 | €50,971 | +€28,380 | +126% |
| Cash at bank and in hand | 54/58 | €108,721 | €205,004 | +€96,283 | +88.6% |
| Deferred charges and accrued income | 490/1 | - | €14,000 | +€14,000 | |
| Total equity and liabilities | 10/49 | €143,676 | €294,403 | +€150,726 | +105% |
| Equity | 10/15 | €96,043 | €206,238 | +€110,195 | +115% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €93,543 | €203,738 | +€110,195 | +118% |
| Distributable reserves | 133 | €93,543 | €203,738 | +€110,195 | +118% |
| Amounts payable | 17/49 | €47,633 | €88,165 | +€40,531 | +85.1% |
| Amounts payable within one year | 42/48 | €47,633 | €88,165 | +€40,531 | +85.1% |
| Trade debts | 44 | €2,765 | €22,403 | +€19,638 | +710% |
| Suppliers | 440/4 | €2,765 | €22,403 | +€19,638 | +710% |
| Taxes, remuneration and social security | 45 | €39,196 | €38,818 | -€378 | -1.0% |
| Taxes | 450/3 | €28,388 | €38,818 | +€10,430 | +36.7% |
| Remuneration and social security | 454/9 | €10,808 | - | -€10,808 | |
| Other amounts payable | 47/48 | €5,673 | €26,944 | +€21,272 | +375% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €4,985 | +€4,056 | +437% |
| Other operating charges | 640/8 | - | €239 | +€239 | |
| Gross operating margin | 9900 | €118,588 | €149,190 | +€30,602 | +25.8% |
| Operating profit (loss) | 9901 | €117,659 | €143,966 | +€26,307 | +22.4% |
| Financial income | 75/76B | €0 | €10 | +€10 | +103,000% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +103,000% |
| Financial charges | 65/66B | €237 | €1,752 | +€1,515 | +638% |
| Recurring financial charges | 65 | €237 | €1,752 | +€1,515 | +638% |
| Profit (loss) for the period before taxes | 9903 | €117,422 | €142,224 | +€24,803 | +21.1% |
| Income taxes | 67/77 | €30,868 | €32,029 | +€1,161 | +3.8% |
| Profit (loss) for the period | 9904 | €86,554 | €110,195 | +€23,641 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,554 | €110,195 | +€23,641 | +27.3% |
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.