EMBAL VERDE: 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.
EMBAL VERDE
Largest movements
- Receivables within one year +€390,229
up €390,229 (+129%), from €301,896 to €692,125
of which Trade receivables: +€376,912
- Cash -€48,706
down €48,706 (-36.7%), from €132,613 to €83,906
mainly Receivables within one year (-€390,229) and Short-term financial debts (-€50,000)
- Stocks and contracts +€39,261
up €39,261 (+18.9%), from €208,054 to €247,315
- Tangible fixed assets -€21,275
down €21,275 (-26.7%), from €79,740 to €58,465
- Trade debts +€154,154
up €154,154 (+39.8%), from €387,112 to €541,266
- Reserves +€141,714
up €141,714 (+110%), from €128,937 to €270,651
- Tax, wage and social debts +€80,568
up €80,568 (+168%), from €47,931 to €128,499
of which Taxes: +€79,908
- Short-term financial debts -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Other debts +€40,711
new in 2025: €40,711
- Gross operating margin +€172,568
up €172,568 (+82.9%), from €208,276 to €380,844
- Taxes +€28,343
up €28,343 (+108%), from €26,325 to €54,668
- Financial charges +€20,946
up €20,946 (+246%), from €8,501 to €29,448
- Write-downs +€16,655
new in 2025: €16,655
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 | €738,170 | €1,093,535 | +€355,365 | +48.1% |
| Fixed assets | 21/28 | €82,590 | €65,365 | -€17,225 | -20.9% |
| Tangible fixed assets | 22/27 | €79,740 | €58,465 | -€21,275 | -26.7% |
| Furniture and vehicles | 24 | €79,740 | €58,465 | -€21,275 | -26.7% |
| Financial fixed assets | 28 | €2,850 | €6,900 | +€4,050 | +142% |
| Current assets | 29/58 | €655,581 | €1,028,170 | +€372,590 | +56.8% |
| Stocks and contracts in progress | 3 | €208,054 | €247,315 | +€39,261 | +18.9% |
| Stocks | 30/36 | €208,054 | €247,315 | +€39,261 | +18.9% |
| Amounts receivable within one year | 40/41 | €301,896 | €692,125 | +€390,229 | +129% |
| Trade receivables | 40 | €286,061 | €662,972 | +€376,912 | +132% |
| Other amounts receivable | 41 | €15,835 | €29,152 | +€13,317 | +84.1% |
| Cash at bank and in hand | 54/58 | €132,613 | €83,906 | -€48,706 | -36.7% |
| Deferred charges and accrued income | 490/1 | €13,018 | €4,824 | -€8,193 | -62.9% |
| Total equity and liabilities | 10/49 | €738,170 | €1,093,535 | +€355,365 | +48.1% |
| Equity | 10/15 | €148,937 | €290,651 | +€141,714 | +95.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €128,937 | €270,651 | +€141,714 | +110% |
| Distributable reserves | 133 | €128,937 | €270,651 | +€141,714 | +110% |
| Amounts payable | 17/49 | €589,233 | €802,884 | +€213,651 | +36.3% |
| Amounts payable after more than one year | 17 | €41,036 | €28,225 | -€12,811 | -31.2% |
| Financial debts | 170/4 | €41,036 | €28,225 | -€12,811 | -31.2% |
| Amounts payable within one year | 42/48 | €547,399 | €773,288 | +€225,889 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €12,357 | €12,811 | +€455 | +3.7% |
| Financial debts | 43 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Credit institutions | 430/8 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Trade debts | 44 | €387,112 | €541,266 | +€154,154 | +39.8% |
| Suppliers | 440/4 | €387,112 | €541,266 | +€154,154 | +39.8% |
| Taxes, remuneration and social security | 45 | €47,931 | €128,499 | +€80,568 | +168% |
| Taxes | 450/3 | €33,729 | €113,638 | +€79,908 | +237% |
| Remuneration and social security | 454/9 | €14,202 | €14,862 | +€660 | +4.6% |
| Other amounts payable | 47/48 | - | €40,711 | +€40,711 | |
| Accrued charges and deferred income | 492/3 | €798 | €1,372 | +€573 | +71.8% |
| Non-recurring operating income | 76A | €15,433 | - | -€15,433 | |
| Remuneration, social security and pensions | 62 | €84,942 | €85,061 | +€119 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,064 | €21,275 | +€211 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,655 | +€16,655 | |
| Other operating charges | 640/8 | €1,685 | €2,744 | +€1,059 | +62.8% |
| Gross operating margin | 9900 | €208,276 | €380,844 | +€172,568 | +82.9% |
| Operating profit (loss) | 9901 | €100,584 | €255,109 | +€154,524 | +154% |
| Financial income | 75/76B | €7,554 | €10,721 | +€3,167 | +41.9% |
| Recurring financial income | 75 | €7,554 | €10,721 | +€3,167 | +41.9% |
| Financial charges | 65/66B | €8,501 | €29,448 | +€20,946 | +246% |
| Recurring financial charges | 65 | €8,501 | €29,448 | +€20,946 | +246% |
| Profit (loss) for the period before taxes | 9903 | €99,637 | €236,382 | +€136,745 | +137% |
| Income taxes | 67/77 | €26,325 | €54,668 | +€28,343 | +108% |
| Profit (loss) for the period | 9904 | €73,312 | €181,714 | +€108,402 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €73,312 | €181,714 | +€108,402 | +148% |
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 19 October 2026 via checked.be.