BENNY EMBRECHTS: what changed
What changed
BENNY EMBRECHTS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€27,689
2024 · €7,158+€20,531
Equity
€106,604
2024 · €78,915+€27,689
Cash
€9,329
2024 · €8,352+€976
Balance sheet total
€278,780
2024 · €249,980+€28,800
Largest movements
Assets
- Receivables within one year +€40,832
up €40,832 (+34.3%), from €119,163 to €159,995
of which Trade receivables: +€23,888
- Tangible fixed assets -€13,009
down €13,009 (-10.6%), from €122,465 to €109,457
of which Land and buildings: -€10,317
Equity and liabilities
- Reserves +€27,600
up €27,600 (+57.2%), from €48,260 to €75,860
- Debts after one year -€15,935
down €15,935 (-14.4%), from €110,972 to €95,037
- Tax, wage and social debts +€14,770
up €14,770 (+76.0%), from €19,435 to €34,205
- Short-term financial debts +€2,800
up €2,800 (+13.4%), from €20,970 to €23,770
Income statement
- Gross operating margin +€29,747
up €29,747 (+87.2%), from €34,127 to €63,874
- Taxes +€11,888
up €11,888 (+239%), from €4,967 to €16,855
- Other operating charges -€2,551
down €2,551 (-69.7%), from €3,660 to €1,110
- Staff costs +€718
up €718 (+18.3%), from €3,933 to €4,651
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,158
Gross operating margin
+€29,747
Staff costs
-€718
Depreciation
+€250
Other operating charges
+€2,551
Financial income
+€222
Financial charges
+€368
Taxes
-€11,888
Result 2025
€27,689
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,872
Investment
€0
Financing
-€12,896
Cash 2024
€8,352
From operations (derived)
+€13,872
Net result for the year
+€27,689
Depreciation
+€13,009
Receivables within one year
-€40,832
Trade debts
-€763
Tax, wage and social debts
+€14,770
Financing
-€12,896
Debts after one year
-€15,935
Current portion of long-term debt
+€239
Short-term financial debts
+€2,800
Cash 2025
€9,329
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,980 | €278,780 | +€28,800 | +11.5% |
| Fixed assets | 21/28 | €122,465 | €109,457 | -€13,009 | -10.6% |
| Tangible fixed assets | 22/27 | €122,465 | €109,457 | -€13,009 | -10.6% |
| Land and buildings | 22 | €115,793 | €105,477 | -€10,317 | -8.9% |
| Plant, machinery and equipment | 23 | €969 | €711 | -€258 | -26.6% |
| Furniture and vehicles | 24 | €5,703 | €3,269 | -€2,435 | -42.7% |
| Current assets | 29/58 | €127,515 | €169,324 | +€41,809 | +32.8% |
| Amounts receivable within one year | 40/41 | €119,163 | €159,995 | +€40,832 | +34.3% |
| Trade receivables | 40 | €29,910 | €53,798 | +€23,888 | +79.9% |
| Other amounts receivable | 41 | €89,252 | €106,197 | +€16,945 | +19.0% |
| Cash at bank and in hand | 54/58 | €8,352 | €9,329 | +€976 | +11.7% |
| Total equity and liabilities | 10/49 | €249,980 | €278,780 | +€28,800 | +11.5% |
| Equity | 10/15 | €78,915 | €106,604 | +€27,689 | +35.1% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €48,260 | €75,860 | +€27,600 | +57.2% |
| Distributable reserves | 133 | €48,260 | €75,860 | +€27,600 | +57.2% |
| Profit (loss) carried forward | 14 | €18,455 | €18,544 | +€89 | +0.5% |
| Amounts payable | 17/49 | €171,066 | €172,176 | +€1,111 | +0.6% |
| Amounts payable after more than one year | 17 | €110,972 | €95,037 | -€15,935 | -14.4% |
| Financial debts | 170/4 | €110,972 | €95,037 | -€15,935 | -14.4% |
| Amounts payable within one year | 42/48 | €60,094 | €77,140 | +€17,046 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €15,697 | €15,935 | +€239 | +1.5% |
| Financial debts | 43 | €20,970 | €23,770 | +€2,800 | +13.4% |
| Credit institutions | 430/8 | €20,970 | €23,770 | +€2,800 | +13.4% |
| Trade debts | 44 | €3,992 | €3,229 | -€763 | -19.1% |
| Suppliers | 440/4 | €3,992 | €3,229 | -€763 | -19.1% |
| Taxes, remuneration and social security | 45 | €19,435 | €34,205 | +€14,770 | +76.0% |
| Taxes | 450/3 | €19,435 | €34,205 | +€14,770 | +76.0% |
| Remuneration, social security and pensions | 62 | €3,933 | €4,651 | +€718 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,259 | €13,009 | -€250 | -1.9% |
| Other operating charges | 640/8 | €3,660 | €1,110 | -€2,551 | -69.7% |
| Gross operating margin | 9900 | €34,127 | €63,874 | +€29,747 | +87.2% |
| Operating profit (loss) | 9901 | €13,275 | €45,104 | +€31,830 | +240% |
| Financial income | 75/76B | €5,074 | €5,296 | +€222 | +4.4% |
| Recurring financial income | 75 | €5,074 | €5,296 | +€222 | +4.4% |
| Financial charges | 65/66B | €6,224 | €5,856 | -€368 | -5.9% |
| Recurring financial charges | 65 | €6,224 | €5,856 | -€368 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €12,125 | €44,544 | +€32,420 | +267% |
| Income taxes | 67/77 | €4,967 | €16,855 | +€11,888 | +239% |
| Profit (loss) for the period | 9904 | €7,158 | €27,689 | +€20,531 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €7,158 | €27,689 | +€20,531 | +287% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.