EMB Projects: what changed
Two fiscal 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.
EMB Projects
Largest movements
- Tangible fixed assets +€9,562
up €9,562 (+41.4%), from €23,072 to €32,634
of which Furniture and vehicles: +€9,350
- Receivables within one year -€3,789
down €3,789 (-57.8%), from €6,556 to €2,767
of which Other amounts receivable: -€3,472
- Deferred charges and accrued income +€608
up €608, from €0 to €608
- Profit (loss) carried forward -€13,848
down €13,848 (-56.2%), from -€24,626 to -€38,473
- Other debts +€12,309
up €12,309, from €0 to €12,309
- Current portion of long-term debt +€11,104
up €11,104 (+85.1%), from €13,046 to €24,149
- Debts after one year -€9,362
down €9,362 (-50.6%), from €18,493 to €9,132
- Short-term financial debts +€5,378
up €5,378 (+111.7%), from €4,816 to €10,194
- Depreciation +€14,287
up €14,287 (+206.2%), from €6,929 to €21,216
- Other operating charges -€11,145
down €11,145 (-87.5%), from €12,744 to €1,599
- Gross operating margin +€2,962
up €2,962 (+28.5%), from €10,410 to €13,372
- Financial charges -€1,631
down €1,631 (-36.3%), from €4,497 to €2,865
- Staff costs +€1,454
new in 2025: €1,454
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,628 | €36,009 | +€6,381 | +21.5% |
| Fixed assets | 21/28 | €23,072 | €32,634 | +€9,562 | +41.4% |
| Tangible fixed assets | 22/27 | €23,072 | €32,634 | +€9,562 | +41.4% |
| Plant, machinery and equipment | 23 | €1,123 | €1,335 | +€212 | +18.9% |
| Furniture and vehicles | 24 | €21,949 | €31,299 | +€9,350 | +42.6% |
| Current assets | 29/58 | €6,556 | €3,375 | -€3,181 | -48.5% |
| Amounts receivable within one year | 40/41 | €6,556 | €2,767 | -€3,789 | -57.8% |
| Trade receivables | 40 | €2,120 | €1,803 | -€317 | -14.9% |
| Other amounts receivable | 41 | €4,436 | €963 | -€3,472 | -78.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | €608 | +€608 | |
| Total equity and liabilities | 10/49 | €29,628 | €36,009 | +€6,381 | +21.5% |
| Equity | 10/15 | -€7,185 | -€21,033 | -€13,848 | -192.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,441 | €14,441 | = | 0.0% |
| Distributable reserves | 133 | €14,441 | €14,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,626 | -€38,473 | -€13,848 | -56.2% |
| Amounts payable | 17/49 | €36,813 | €57,041 | +€20,229 | +55.0% |
| Amounts payable after more than one year | 17 | €18,493 | €9,132 | -€9,362 | -50.6% |
| Financial debts | 170/4 | €18,493 | €9,132 | -€9,362 | -50.6% |
| Amounts payable within one year | 42/48 | €18,319 | €47,910 | +€29,590 | +161.5% |
| Current portion of amounts payable after more than one year | 42 | €13,046 | €24,149 | +€11,104 | +85.1% |
| Financial debts | 43 | €4,816 | €10,194 | +€5,378 | +111.7% |
| Credit institutions | 430/8 | €4,816 | €10,194 | +€5,378 | +111.7% |
| Trade debts | 44 | €313 | €349 | +€36 | +11.4% |
| Suppliers | 440/4 | €313 | €349 | +€36 | +11.4% |
| Taxes, remuneration and social security | 45 | €145 | €909 | +€764 | +528.8% |
| Taxes | 450/3 | €145 | €672 | +€527 | +364.9% |
| Remuneration and social security | 454/9 | - | €237 | +€237 | |
| Other amounts payable | 47/48 | €0 | €12,309 | +€12,309 | |
| Non-recurring operating income | 76A | €294 | €0 | -€294 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €1,454 | +€1,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,929 | €21,216 | +€14,287 | +206.2% |
| Other operating charges | 640/8 | €12,744 | €1,599 | -€11,145 | -87.5% |
| Gross operating margin | 9900 | €10,410 | €13,372 | +€2,962 | +28.5% |
| Operating profit (loss) | 9901 | -€9,263 | -€10,897 | -€1,634 | -17.6% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €4,497 | €2,865 | -€1,631 | -36.3% |
| Recurring financial charges | 65 | €4,497 | €2,865 | -€1,631 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,760 | -€13,726 | +€34 | +0.2% |
| Income taxes | 67/77 | €178 | €122 | -€56 | -31.7% |
| Profit (loss) for the period | 9904 | -€13,938 | -€13,848 | +€90 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,938 | -€13,848 | +€90 | +0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.