EMTEK: 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.
EMTEK
Largest movements
- Cash +€29,657
up €29,657 (+20.7%), from €143,257 to €172,914
mainly Depreciation (+€19,701) and Trade debts (+€18,815)
- Tangible fixed assets -€17,713
down €17,713 (-28.9%), from €61,279 to €43,566
of which Furniture and vehicles: -€18,395
- Receivables within one year +€10,128
up €10,128 (+21.1%), from €47,958 to €58,086
of which Trade receivables: +€16,724
- Trade debts +€18,815
up €18,815 (+31.8%), from €59,110 to €77,925
- Debts after one year -€16,019
down €16,019 (-49.8%), from €32,138 to €16,119
- Tax, wage and social debts +€12,488
up €12,488 (+47.5%), from €26,281 to €38,769
of which Taxes: +€9,473
- Profit (loss) carried forward +€6,274
up €6,274 (+4.5%), from €139,430 to €145,704
- Taxes -€13,300
down €13,300, from €9,265 to -€4,035
- Gross operating margin -€5,337
down €5,337 (-14.5%), from €36,825 to €31,488
- Financial charges -€889
no longer reported in 2025 (was €889)
- Staff costs +€737
up €737 (+11.4%), from €6,437 to €7,174
- Other operating charges +€550
up €550 (+24.0%), from €2,290 to €2,840
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 | €291,831 | €313,646 | +€21,815 | +7.5% |
| Fixed assets | 21/28 | €61,464 | €43,751 | -€17,713 | -28.8% |
| Tangible fixed assets | 22/27 | €61,279 | €43,566 | -€17,713 | -28.9% |
| Plant, machinery and equipment | 23 | €5,451 | €6,133 | +€682 | +12.5% |
| Furniture and vehicles | 24 | €55,828 | €37,433 | -€18,395 | -32.9% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €230,367 | €269,895 | +€39,528 | +17.2% |
| Stocks and contracts in progress | 3 | €39,152 | €38,895 | -€257 | -0.7% |
| Stocks | 30/36 | €39,152 | €38,895 | -€257 | -0.7% |
| Amounts receivable within one year | 40/41 | €47,958 | €58,086 | +€10,128 | +21.1% |
| Trade receivables | 40 | €34,662 | €51,386 | +€16,724 | +48.2% |
| Other amounts receivable | 41 | €13,296 | €6,700 | -€6,596 | -49.6% |
| Cash at bank and in hand | 54/58 | €143,257 | €172,914 | +€29,657 | +20.7% |
| Total equity and liabilities | 10/49 | €291,831 | €313,646 | +€21,815 | +7.5% |
| Equity | 10/15 | €159,890 | €166,164 | +€6,274 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,430 | €145,704 | +€6,274 | +4.5% |
| Amounts payable | 17/49 | €131,941 | €147,482 | +€15,541 | +11.8% |
| Amounts payable after more than one year | 17 | €32,138 | €16,119 | -€16,019 | -49.8% |
| Financial debts | 170/4 | €32,138 | €16,119 | -€16,019 | -49.8% |
| Amounts payable within one year | 42/48 | €99,803 | €131,363 | +€31,560 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €14,412 | €14,669 | +€257 | +1.8% |
| Trade debts | 44 | €59,110 | €77,925 | +€18,815 | +31.8% |
| Suppliers | 440/4 | €59,110 | €77,925 | +€18,815 | +31.8% |
| Taxes, remuneration and social security | 45 | €26,281 | €38,769 | +€12,488 | +47.5% |
| Taxes | 450/3 | €6,366 | €15,839 | +€9,473 | +149% |
| Remuneration and social security | 454/9 | €19,915 | €22,930 | +€3,015 | +15.1% |
| Remuneration, social security and pensions | 62 | €6,437 | €7,174 | +€737 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,304 | €19,701 | +€397 | +2.1% |
| Other operating charges | 640/8 | €2,290 | €2,840 | +€550 | +24.0% |
| Gross operating margin | 9900 | €36,825 | €31,488 | -€5,337 | -14.5% |
| Operating profit (loss) | 9901 | €8,794 | €1,773 | -€7,021 | -79.8% |
| Financial income | 75/76B | - | €466 | +€466 | |
| Recurring financial income | 75 | - | €466 | +€466 | |
| Financial charges | 65/66B | €889 | - | -€889 | |
| Recurring financial charges | 65 | €889 | - | -€889 | |
| Profit (loss) for the period before taxes | 9903 | €7,905 | €2,239 | -€5,666 | -71.7% |
| Income taxes | 67/77 | €9,265 | -€4,035 | -€13,300 | |
| Profit (loss) for the period | 9904 | -€1,360 | €6,274 | +€7,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,360 | €6,274 | +€7,634 |
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 16 October 2026 via checked.be.