emTransit: 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.
What changed
emTransit
NACE 77.210, Renting and leasing of sports and recreation goods
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€171,464
2024 · €177,716-€6,252
Equity
€843,449
2024 · €671,984+€171,464
Cash
€183,574
2024 · €289,294-€105,719
Balance sheet total
€27.1m
2024 · €10.2m+€16.9m
Largest movements
Assets
- Receivables within one year +€17.2m
up €17.2m (+181.3%), from €9.5m to €26.7m
of which Other amounts receivable: +€17.2m
Equity and liabilities
- Other debts +€17.5m
up €17.5m (+238.9%), from €7.3m to €24.8m
- Trade debts -€644,462
down €644,462 (-52.9%), from €1.2m to €572,899
Income statement
- Services and other goods +€2.3m
up €2.3m (+25.5%), from €9.1m to €11.5m
- Turnover +€1.9m
up €1.9m (+13.4%), from €13.9m to €15.8m
- Staff costs -€695,311
down €695,311 (-16.0%), from €4.3m to €3.6m
- Other operating income -€171,256
no longer reported in 2025 (was €171,256)
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.
Result 2024
€177,716
Turnover
+€1.9m
Other operating income
-€171,256
Services and other goods
-€2.3m
Staff costs
+€695,311
Depreciation
-€95,226
Write-downs
-€146,361
Other operating charges
+€15,358
Other operating items
+€135,179
Financial income
+€381
Financial charges
+€2,441
Taxes
+€23,946
Result 2025
€171,464
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.
From operations
-€105,238
Investment
-€481
Financing
€0
Cash 2024
€289,294
From operations (derived)
-€105,238
Net result for the year
+€171,464
Depreciation
+€159,090
Receivables after one year
+€49,162
Receivables within one year
-€17.2m
Smaller working-capital items
-€99,785
Trade debts
-€644,462
Other debts
+€17.5m
Investment (derived)
-€481
Investment in fixed assets (net)
-€481
Cash 2025
€183,574
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,160,396 | €27,074,177 | +€16.9m | +166.5% |
| Fixed assets | 21/28 | €341,176 | €182,567 | -€158,609 | -46.5% |
| Tangible fixed assets | 22/27 | €292,266 | €133,657 | -€158,609 | -54.3% |
| Plant, machinery and equipment | 23 | €6,575 | €3,632 | -€2,943 | -44.8% |
| Furniture and vehicles | 24 | €368 | - | -€368 | |
| Leasing and similar rights | 25 | €200,508 | €83,137 | -€117,371 | -58.5% |
| Other tangible fixed assets | 26 | €84,815 | €46,888 | -€37,927 | -44.7% |
| Financial fixed assets | 28 | €48,910 | €48,910 | = | 0.0% |
| Affiliated companies | 280/1 | €48,910 | €48,910 | = | 0.0% |
| Participating interests | 280 | €48,910 | €48,910 | = | 0.0% |
| Current assets | 29/58 | €9,819,220 | €26,891,610 | +€17.1m | +173.9% |
| Amounts receivable after more than one year | 29 | €49,162 | - | -€49,162 | |
| Other amounts receivable | 291 | €49,162 | - | -€49,162 | |
| Amounts receivable within one year | 40/41 | €9,480,765 | €26,673,457 | +€17.2m | +181.3% |
| Trade receivables | 40 | €1 | €535 | +€535 | +106960.0% |
| Other amounts receivable | 41 | €9,480,764 | €26,672,922 | +€17.2m | +181.3% |
| Cash at bank and in hand | 54/58 | €289,294 | €183,574 | -€105,719 | -36.5% |
| Deferred charges and accrued income | 490/1 | - | €34,578 | +€34,578 | |
| Total equity and liabilities | 10/49 | €10,160,396 | €27,074,177 | +€16.9m | +166.5% |
| Equity | 10/15 | €671,984 | €843,449 | +€171,464 | +25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €665,784 | €837,249 | +€171,464 | +25.8% |
| Amounts payable | 17/49 | €9,488,412 | €26,230,728 | +€16.7m | +176.5% |
| Amounts payable after more than one year | 17 | €111,439 | €111,439 | = | 0.0% |
| Financial debts | 170/4 | €111,439 | €111,439 | = | 0.0% |
| Leasing and similar obligations | 172 | €111,439 | €111,439 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,350,141 | €26,119,289 | +€16.8m | +179.3% |
| Current portion of amounts payable after more than one year | 42 | €89,069 | €89,069 | = | 0.0% |
| Trade debts | 44 | €1,217,361 | €572,899 | -€644,462 | -52.9% |
| Suppliers | 440/4 | €1,217,361 | €572,899 | -€644,462 | -52.9% |
| Taxes, remuneration and social security | 45 | €739,717 | €701,342 | -€38,376 | -5.2% |
| Taxes | 450/3 | €308,420 | €264,343 | -€44,077 | -14.3% |
| Remuneration and social security | 454/9 | €431,298 | €436,999 | +€5,702 | +1.3% |
| Other amounts payable | 47/48 | €7,303,994 | €24,755,980 | +€17.5m | +238.9% |
| Accrued charges and deferred income | 492/3 | €26,831 | - | -€26,831 | |
| Operating income | 70/76A | €14,090,728 | €15,908,711 | +€1.8m | +12.9% |
| Turnover | 70 | €13,907,961 | €15,766,401 | +€1.9m | +13.4% |
| Other operating income | 74 | €171,256 | - | -€171,256 | |
| Non-recurring operating income | 76A | €11,512 | €142,310 | +€130,798 | +1136.2% |
| Operating charges | 60/66A | €13,801,862 | €15,652,865 | +€1.9m | +13.4% |
| Services and other goods | 61 | €9,129,599 | €11,454,065 | +€2.3m | +25.5% |
| Remuneration, social security and pensions | 62 | €4,334,024 | €3,638,713 | -€695,311 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,864 | €159,090 | +€95,226 | +149.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €188,243 | €334,604 | +€146,361 | +77.8% |
| Other operating charges | 640/8 | €81,751 | €66,394 | -€15,358 | -18.8% |
| Non-recurring operating charges | 66A | €4,381 | - | -€4,381 | |
| Operating profit (loss) | 9901 | €288,866 | €255,846 | -€33,020 | -11.4% |
| Financial income | 75/76B | €23 | €404 | +€381 | +1674.1% |
| Recurring financial income | 75 | €23 | €404 | +€381 | +1674.1% |
| Other financial income | 752/9 | €23 | €404 | +€381 | +1674.1% |
| Financial charges | 65/66B | €4,849 | €2,408 | -€2,441 | -50.3% |
| Recurring financial charges | 65 | €4,849 | €2,408 | -€2,441 | -50.3% |
| Other financial charges | 652/9 | €4,849 | €2,408 | -€2,441 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €284,040 | €253,842 | -€30,198 | -10.6% |
| Income taxes | 67/77 | €106,324 | €82,378 | -€23,946 | -22.5% |
| Taxes | 670/3 | €106,324 | €82,378 | -€23,946 | -22.5% |
| Profit (loss) for the period | 9904 | €177,716 | €171,464 | -€6,252 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €177,716 | €171,464 | -€6,252 | -3.5% |
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 9 October 2026 via checked.be.