EMB DEVELOPMENT: what changed
EMB DEVELOPMENT
Largest movements
- Stocks and contracts -€10,000
down €10,000 (-76.9%), from €13,000 to €3,000
- Receivables within one year -€5,335
down €5,335 (-7.2%), from €73,793 to €68,458
of which Other amounts receivable: -€9,699
- Trade debts -€15,362
down €15,362 (-17.0%), from €90,403 to €75,042
- Tax, wage and social debts -€10,404
no longer reported in 2025 (was €10,404)
- Profit (loss) carried forward +€5,906
up €5,906 (+18.6%), from -€31,755 to -€25,849
- Short-term financial debts +€3,674
up €3,674 (+81.7%), from €4,499 to €8,173
- Gross operating margin +€19,635
up €19,635, from -€13,423 to €6,212
- Depreciation -€2,969
down €2,969 (-77.7%), from €3,820 to €851
- Financial income +€1,085
up €1,085 (+71.4%), from €1,519 to €2,604
- Financial charges +€691
up €691 (+68.7%), from €1,006 to €1,697
- Taxes -€237
no longer reported in 2025 (was €237)
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,011 | €71,826 | -€16,185 | -18.4% |
| Fixed assets | 21/28 | €1,219 | €368 | -€851 | -69.8% |
| Tangible fixed assets | 22/27 | €1,219 | €368 | -€851 | -69.8% |
| Furniture and vehicles | 24 | €1,219 | €368 | -€851 | -69.8% |
| Current assets | 29/58 | €86,793 | €71,458 | -€15,335 | -17.7% |
| Stocks and contracts in progress | 3 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Stocks | 30/36 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Amounts receivable within one year | 40/41 | €73,793 | €68,458 | -€5,335 | -7.2% |
| Trade receivables | 40 | €15,919 | €20,283 | +€4,364 | +27.4% |
| Other amounts receivable | 41 | €57,874 | €48,175 | -€9,699 | -16.8% |
| Total equity and liabilities | 10/49 | €88,011 | €71,826 | -€16,185 | -18.4% |
| Equity | 10/15 | -€17,295 | -€11,388 | +€5,906 | +34.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,460 | €9,460 | = | 0.0% |
| Distributable reserves | 133 | €9,460 | €9,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,755 | -€25,849 | +€5,906 | +18.6% |
| Amounts payable | 17/49 | €105,306 | €83,214 | -€22,092 | -21.0% |
| Amounts payable within one year | 42/48 | €105,306 | €83,214 | -€22,092 | -21.0% |
| Financial debts | 43 | €4,499 | €8,173 | +€3,674 | +81.7% |
| Credit institutions | 430/8 | €4,499 | €8,173 | +€3,674 | +81.7% |
| Trade debts | 44 | €90,403 | €75,042 | -€15,362 | -17.0% |
| Suppliers | 440/4 | €90,403 | €75,042 | -€15,362 | -17.0% |
| Taxes, remuneration and social security | 45 | €10,404 | - | -€10,404 | |
| Taxes | 450/3 | €10,404 | - | -€10,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,820 | €851 | -€2,969 | -77.7% |
| Other operating charges | 640/8 | €405 | €363 | -€42 | -10.4% |
| Gross operating margin | 9900 | -€13,423 | €6,212 | +€19,635 | |
| Operating profit (loss) | 9901 | -€17,647 | €4,999 | +€22,646 | |
| Financial income | 75/76B | €1,519 | €2,604 | +€1,085 | +71.4% |
| Recurring financial income | 75 | €1,519 | €2,604 | +€1,085 | +71.4% |
| Financial charges | 65/66B | €1,006 | €1,697 | +€691 | +68.7% |
| Recurring financial charges | 65 | €1,006 | €1,697 | +€691 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,133 | €5,906 | +€23,040 | |
| Income taxes | 67/77 | €237 | - | -€237 | |
| Profit (loss) for the period | 9904 | -€17,371 | €5,906 | +€23,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,371 | €5,906 | +€23,277 |
Next steps
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 8 November 2026 via checked.be.