EMBASSY BELGIUM: 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.
EMBASSY BELGIUM
Largest movements
- Cash -€47,776
down €47,776 (-73.5%), from €64,973 to €17,197
mainly Investment in fixed assets (net) (-€88,601) and Net result for the year (-€71,434)
- Tangible fixed assets +€19,123
up €19,123 (+1.3%), from €1.4m to €1.5m
of which Furniture and vehicles: +€19,861
- Reserves -€67,942
down €67,942 (-5.5%), from €1.2m to €1.2m
of which Distributable reserves: -€68,564
- Other debts +€42,337
up €42,337 (+236%), from €17,932 to €60,269
- Gross operating margin -€238,639
down €238,639 (-87.4%), from €273,024 to €34,385
- Taxes -€45,677
down €45,677 (-100%), from €45,677 to €0
- Staff costs -€20,851
down €20,851 (-100%), from €20,851 to €0
- Depreciation -€6,710
down €6,710 (-8.8%), from €76,187 to €69,477
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 | €1,514,753 | €1,483,127 | -€31,626 | -2.1% |
| Fixed assets | 21/28 | €1,435,470 | €1,454,594 | +€19,123 | +1.3% |
| Tangible fixed assets | 22/27 | €1,434,262 | €1,453,385 | +€19,123 | +1.3% |
| Land and buildings | 22 | €1,404,707 | €1,393,741 | -€10,965 | -0.8% |
| Plant, machinery and equipment | 23 | €29,555 | €39,783 | +€10,228 | +34.6% |
| Furniture and vehicles | 24 | €0 | €19,861 | +€19,861 | |
| Financial fixed assets | 28 | €1,208 | €1,208 | = | 0.0% |
| Current assets | 29/58 | €79,282 | €28,533 | -€50,749 | -64.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €64,973 | €17,197 | -€47,776 | -73.5% |
| Deferred charges and accrued income | 490/1 | €14,309 | €11,336 | -€2,973 | -20.8% |
| Total equity and liabilities | 10/49 | €1,514,753 | €1,483,127 | -€31,626 | -2.1% |
| Equity | 10/15 | €1,336,363 | €1,268,421 | -€67,942 | -5.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,236,363 | €1,168,421 | -€67,942 | -5.5% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,637 | €26,260 | +€623 | +2.4% |
| Distributable reserves | 133 | €1,180,726 | €1,112,161 | -€68,564 | -5.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €13,201 | €8,753 | -€4,448 | -33.7% |
| Deferred taxes | 168 | €13,201 | €8,753 | -€4,448 | -33.7% |
| Amounts payable | 17/49 | €165,189 | €205,953 | +€40,764 | +24.7% |
| Amounts payable after more than one year | 17 | €138,000 | €138,000 | = | 0.0% |
| Financial debts | 170/4 | €138,000 | €138,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,311 | €67,953 | +€41,642 | +158% |
| Trade debts | 44 | - | €7,684 | +€7,684 | |
| Suppliers | 440/4 | - | €7,684 | +€7,684 | |
| Taxes, remuneration and social security | 45 | €8,379 | €0 | -€8,379 | -100% |
| Taxes | 450/3 | €2,573 | €0 | -€2,573 | -100% |
| Remuneration and social security | 454/9 | €5,805 | €0 | -€5,805 | -100% |
| Other amounts payable | 47/48 | €17,932 | €60,269 | +€42,337 | +236% |
| Accrued charges and deferred income | 492/3 | €878 | €0 | -€878 | -100% |
| Remuneration, social security and pensions | 62 | €20,851 | €0 | -€20,851 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,187 | €69,477 | -€6,710 | -8.8% |
| Other operating charges | 640/8 | €36,204 | €36,953 | +€748 | +2.1% |
| Gross operating margin | 9900 | €273,024 | €34,385 | -€238,639 | -87.4% |
| Operating profit (loss) | 9901 | €139,781 | -€72,045 | -€211,826 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €354 | €345 | -€9 | -2.4% |
| Recurring financial charges | 65 | €354 | €345 | -€9 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €139,428 | -€72,390 | -€211,818 | |
| Transfer from deferred taxes | 780 | €1,388 | €956 | -€431 | -31.1% |
| Income taxes | 67/77 | €45,677 | €0 | -€45,677 | -100% |
| Profit (loss) for the period | 9904 | €95,139 | -€71,434 | -€166,572 | |
| Transfer from tax-exempt reserves | 789 | €2,695 | €2,869 | +€174 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,834 | -€68,564 | -€166,398 |
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 30 October 2026 via checked.be.