EMBAM ELOL: 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.
EMBAM ELOL
Largest movements
- Receivables within one year -€15,009
down €15,009 (-79.1%), from €18,986 to €3,977
of which Trade receivables: -€17,734
- Tangible fixed assets -€4,132
down €4,132 (-57.2%), from €7,223 to €3,091
- Deferred charges and accrued income -€1,310
no longer reported in 2025 (was €1,310)
- Financial fixed assets +€500
up €500 (+543%), from €92 to €592
- Profit (loss) carried forward -€26,503
down €26,503, from €2,093 to -€24,410
- Other debts +€6,366
up €6,366 (+66.7%), from €9,544 to €15,910
- Tax, wage and social debts +€5,400
up €5,400 (+308%), from €1,751 to €7,151
of which Remuneration and social security: +€7,007
- Trade debts -€5,399
down €5,399 (-46.5%), from €11,602 to €6,203
- Gross operating margin -€25,963
down €25,963, from €5,745 to -€20,218
- Other operating charges -€2,296
down €2,296 (-56.9%), from €4,035 to €1,739
- Financial charges +€251
up €251 (+152%), from €165 to €416
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 | €27,990 | €7,854 | -€20,136 | -71.9% |
| Fixed assets | 21/28 | €7,315 | €3,683 | -€3,632 | -49.7% |
| Tangible fixed assets | 22/27 | €7,223 | €3,091 | -€4,132 | -57.2% |
| Furniture and vehicles | 24 | €7,223 | €3,091 | -€4,132 | -57.2% |
| Financial fixed assets | 28 | €92 | €592 | +€500 | +543% |
| Current assets | 29/58 | €20,675 | €4,171 | -€16,504 | -79.8% |
| Amounts receivable within one year | 40/41 | €18,986 | €3,977 | -€15,009 | -79.1% |
| Trade receivables | 40 | €18,234 | €500 | -€17,734 | -97.3% |
| Other amounts receivable | 41 | €752 | €3,477 | +€2,725 | +362% |
| Cash at bank and in hand | 54/58 | €379 | €194 | -€185 | -48.8% |
| Deferred charges and accrued income | 490/1 | €1,310 | - | -€1,310 | |
| Total equity and liabilities | 10/49 | €27,990 | €7,854 | -€20,136 | -71.9% |
| Equity | 10/15 | €5,093 | -€21,410 | -€26,503 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,093 | -€24,410 | -€26,503 | |
| Amounts payable | 17/49 | €22,897 | €29,264 | +€6,367 | +27.8% |
| Amounts payable within one year | 42/48 | €22,897 | €29,264 | +€6,367 | +27.8% |
| Trade debts | 44 | €11,602 | €6,203 | -€5,399 | -46.5% |
| Suppliers | 440/4 | €11,602 | €6,203 | -€5,399 | -46.5% |
| Taxes, remuneration and social security | 45 | €1,751 | €7,151 | +€5,400 | +308% |
| Taxes | 450/3 | €1,751 | €144 | -€1,607 | -91.8% |
| Remuneration and social security | 454/9 | - | €7,007 | +€7,007 | |
| Other amounts payable | 47/48 | €9,544 | €15,910 | +€6,366 | +66.7% |
| Non-recurring operating income | 76A | €429 | €368 | -€61 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €4,132 | = | 0.0% |
| Other operating charges | 640/8 | €4,035 | €1,739 | -€2,296 | -56.9% |
| Gross operating margin | 9900 | €5,745 | -€20,218 | -€25,963 | |
| Operating profit (loss) | 9901 | -€2,422 | -€26,089 | -€23,667 | -977% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €165 | €416 | +€251 | +152% |
| Recurring financial charges | 65 | €165 | €416 | +€251 | +152% |
| Profit (loss) for the period before taxes | 9903 | -€2,587 | -€26,503 | -€23,916 | -924% |
| Profit (loss) for the period | 9904 | -€2,587 | -€26,503 | -€23,916 | -924% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,587 | -€26,503 | -€23,916 | -924% |
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.