EMBASSY EXPRESS: 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.
EMBASSY EXPRESS
Largest movements
- Cash +€170,854
up €170,854 (+110.9%), from €154,023 to €324,877
mainly Net result for the year (+€188,452) and Depreciation (+€39,094)
- Tangible fixed assets -€38,126
down €38,126 (-31.3%), from €121,954 to €83,828
- Receivables within one year +€26,620
up €26,620 (+13.2%), from €202,090 to €228,710
of which Trade receivables: +€42,840
- Reserves +€188,452
up €188,452 (+47.8%), from €394,426 to €582,877
- Other debts -€39,358
down €39,358 (-88.0%), from €44,742 to €5,384
- Tax, wage and social debts +€30,510
up €30,510 (+253.0%), from €12,061 to €42,571
of which Taxes: +€27,834
- Trade debts -€10,692
down €10,692 (-88.2%), from €12,117 to €1,425
- Gross operating margin +€121,014
up €121,014 (+38.2%), from €317,192 to €438,206
- Taxes +€42,508
up €42,508 (+97.1%), from €43,780 to €86,288
- Other operating charges -€7,865
down €7,865 (-93.8%), from €8,385 to €520
- Staff costs -€7,835
down €7,835 (-5.9%), from €132,212 to €124,378
- Depreciation +€4,630
up €4,630 (+13.4%), from €34,464 to €39,094
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 | €484,280 | €650,849 | +€166,569 | +34.4% |
| Fixed assets | 21/28 | €121,954 | €88,710 | -€33,244 | -27.3% |
| Intangible fixed assets | 21 | - | €4,882 | +€4,882 | |
| Tangible fixed assets | 22/27 | €121,954 | €83,828 | -€38,126 | -31.3% |
| Furniture and vehicles | 24 | €121,954 | €83,828 | -€38,126 | -31.3% |
| Current assets | 29/58 | €362,326 | €562,139 | +€199,813 | +55.1% |
| Amounts receivable within one year | 40/41 | €202,090 | €228,710 | +€26,620 | +13.2% |
| Trade receivables | 40 | €185,871 | €228,710 | +€42,840 | +23.0% |
| Other amounts receivable | 41 | €16,220 | €0 | -€16,220 | -100.0% |
| Cash at bank and in hand | 54/58 | €154,023 | €324,877 | +€170,854 | +110.9% |
| Deferred charges and accrued income | 490/1 | €6,213 | €8,552 | +€2,339 | +37.6% |
| Total equity and liabilities | 10/49 | €484,280 | €650,849 | +€166,569 | +34.4% |
| Equity | 10/15 | €413,018 | €601,469 | +€188,452 | +45.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €394,426 | €582,877 | +€188,452 | +47.8% |
| Distributable reserves | 133 | €394,426 | €582,877 | +€188,452 | +47.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,262 | €49,379 | -€21,883 | -30.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €71,262 | €49,379 | -€21,883 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €2,342 | €0 | -€2,342 | -100.0% |
| Trade debts | 44 | €12,117 | €1,425 | -€10,692 | -88.2% |
| Suppliers | 440/4 | €12,117 | €1,425 | -€10,692 | -88.2% |
| Taxes, remuneration and social security | 45 | €12,061 | €42,571 | +€30,510 | +253.0% |
| Taxes | 450/3 | €1,117 | €28,952 | +€27,834 | +2490.8% |
| Remuneration and social security | 454/9 | €10,943 | €13,619 | +€2,676 | +24.4% |
| Other amounts payable | 47/48 | €44,742 | €5,384 | -€39,358 | -88.0% |
| Remuneration, social security and pensions | 62 | €132,212 | €124,378 | -€7,835 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,464 | €39,094 | +€4,630 | +13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€658 | -€658 | |
| Other operating charges | 640/8 | €8,385 | €520 | -€7,865 | -93.8% |
| Gross operating margin | 9900 | €317,192 | €438,206 | +€121,014 | +38.2% |
| Operating profit (loss) | 9901 | €142,131 | €274,873 | +€132,743 | +93.4% |
| Financial income | 75/76B | €25 | €75 | +€49 | +196.9% |
| Recurring financial income | 75 | €25 | €75 | +€49 | +196.9% |
| Financial charges | 65/66B | €511 | €208 | -€303 | -59.3% |
| Recurring financial charges | 65 | €511 | €208 | -€303 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €141,645 | €274,740 | +€133,095 | +94.0% |
| Income taxes | 67/77 | €43,780 | €86,288 | +€42,508 | +97.1% |
| Profit (loss) for the period | 9904 | €97,864 | €188,452 | +€90,587 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,864 | €188,452 | +€90,587 | +92.6% |
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 3 October 2026 via checked.be.