EMBALCOM: 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.
EMBALCOM
Largest movements
- Current investments +€238,010
new in 2024: €238,010
- Cash -€141,756
down €141,756 (-25.4%), from €557,599 to €415,843
mainly Current investments (-€238,010) and Debts after one year (-€90,156)
- Receivables within one year +€73,791
up €73,791 (+27.0%), from €272,821 to €346,612
of which Trade receivables: +€67,873
- Tangible fixed assets -€46,867
down €46,867 (-2.2%), from €2.1m to €2.1m
of which Land and buildings: -€97,941
- Stocks and contracts +€40,556
up €40,556 (+8.4%), from €483,987 to €524,543
- Reserves +€264,784
up €264,784 (+15.1%), from €1.8m to €2.0m
of which Distributable reserves: +€264,784
- Debts after one year -€90,156
down €90,156 (-8.1%), from €1.1m to €1.0m
of which Financial debts: -€90,156
- Gross operating margin +€92,629
up €92,629 (+15.9%), from €582,889 to €675,518
- Taxes +€49,690
up €49,690 (+65.5%), from €75,916 to €125,606
- Other operating charges -€46,105
down €46,105 (-95.5%), from €48,269 to €2,164
- Staff costs +€8,688
up €8,688 (+6.1%), from €143,014 to €151,701
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,455,689 | €3,619,423 | +€163,734 | +4.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,141,282 | €2,094,415 | -€46,867 | -2.2% |
| Tangible fixed assets | 22/27 | €2,141,270 | €2,094,402 | -€46,867 | -2.2% |
| Land and buildings | 22 | €2,034,753 | €1,936,812 | -€97,941 | -4.8% |
| Plant, machinery and equipment | 23 | €31,261 | €29,734 | -€1,527 | -4.9% |
| Furniture and vehicles | 24 | €75,256 | €127,856 | +€52,601 | +69.9% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €1,314,407 | €1,525,008 | +€210,601 | +16.0% |
| Stocks and contracts in progress | 3 | €483,987 | €524,543 | +€40,556 | +8.4% |
| Stocks | 30/36 | €483,987 | €524,543 | +€40,556 | +8.4% |
| Amounts receivable within one year | 40/41 | €272,821 | €346,612 | +€73,791 | +27.0% |
| Trade receivables | 40 | €241,246 | €309,118 | +€67,873 | +28.1% |
| Other amounts receivable | 41 | €31,575 | €37,494 | +€5,919 | +18.7% |
| Current investments | 50/53 | - | €238,010 | +€238,010 | |
| Cash at bank and in hand | 54/58 | €557,599 | €415,843 | -€141,756 | -25.4% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €3,455,689 | €3,619,423 | +€163,734 | +4.7% |
| Equity | 10/15 | €1,899,601 | €2,158,085 | +€258,484 | +13.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,754,901 | €2,019,685 | +€264,784 | +15.1% |
| Non-distributable reserves | 130/1 | €28,600 | €28,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,600 | €28,600 | = | 0.0% |
| Distributable reserves | 133 | €1,726,301 | €1,991,085 | +€264,784 | +15.3% |
| Investment grants | 15 | €119,700 | €113,400 | -€6,300 | -5.3% |
| Amounts payable | 17/49 | €1,556,088 | €1,461,338 | -€94,750 | -6.1% |
| Amounts payable after more than one year | 17 | €1,111,110 | €1,020,954 | -€90,156 | -8.1% |
| Financial debts | 170/4 | €1,109,920 | €1,019,764 | -€90,156 | -8.1% |
| Other amounts payable | 178/9 | €1,190 | €1,190 | = | 0.0% |
| Amounts payable within one year | 42/48 | €444,978 | €440,384 | -€4,594 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €88,950 | €90,156 | +€1,206 | +1.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €183,752 | €202,723 | +€18,971 | +10.3% |
| Suppliers | 440/4 | €183,752 | €202,723 | +€18,971 | +10.3% |
| Taxes, remuneration and social security | 45 | €151,382 | €140,459 | -€10,924 | -7.2% |
| Taxes | 450/3 | €140,127 | €128,521 | -€11,606 | -8.3% |
| Remuneration and social security | 454/9 | €11,255 | €11,937 | +€682 | +6.1% |
| Other amounts payable | 47/48 | €20,895 | €7,047 | -€13,848 | -66.3% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €143,014 | €151,701 | +€8,688 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,239 | €128,061 | +€1,822 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €48,269 | €2,164 | -€46,105 | -95.5% |
| Non-recurring operating charges | 66A | €15 | €0 | -€15 | -100.0% |
| Gross operating margin | 9900 | €582,889 | €675,518 | +€92,629 | +15.9% |
| Operating profit (loss) | 9901 | €265,353 | €393,592 | +€128,240 | +48.3% |
| Financial income | 75/76B | €6,878 | €13,112 | +€6,233 | +90.6% |
| Recurring financial income | 75 | €6,808 | €13,112 | +€6,304 | +92.6% |
| Non-recurring financial income | 76B | €70 | - | -€70 | |
| Financial charges | 65/66B | €18,095 | €16,314 | -€1,781 | -9.8% |
| Recurring financial charges | 65 | €18,095 | €16,314 | -€1,781 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €254,136 | €390,390 | +€136,254 | +53.6% |
| Income taxes | 67/77 | €75,916 | €125,606 | +€49,690 | +65.5% |
| Profit (loss) for the period | 9904 | €178,220 | €264,784 | +€86,564 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €178,220 | €264,784 | +€86,564 | +48.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.