EMBED-IT: 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.
EMBED-IT
Largest movements
- Cash -€18,124
down €18,124 (-64.3%), from €28,192 to €10,068
mainly Contributions, distributions and other (-€55,057) and Receivables within one year (-€16,455)
- Receivables within one year +€16,455
up €16,455 (+127.6%), from €12,898 to €29,353
of which Other amounts receivable: +€23,084
- Deferred charges and accrued income +€10,510
up €10,510 (+1125.4%), from €934 to €11,444
- Current investments +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Financial fixed assets -€2,000
down €2,000 (-57.1%), from €3,500 to €1,500
- Other debts +€54,632
up €54,632 (+12852.1%), from €425 to €55,057
- Reserves -€46,446
down €46,446 (-67.6%), from €68,673 to €22,228
- Trade debts +€6,448
up €6,448 (+514.2%), from €1,254 to €7,702
- Gross operating margin -€24,544
down €24,544 (-58.5%), from €41,933 to €17,390
- Taxes -€5,356
down €5,356 (-62.8%), from €8,533 to €3,177
- Financial charges +€3,145
up €3,145 (+2283.8%), from €138 to €3,283
- Depreciation +€1,882
up €1,882 (+123.5%), from €1,524 to €3,405
- Other operating charges -€1,296
down €1,296 (-71.7%), from €1,808 to €512
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 | €77,953 | €92,622 | +€14,670 | +18.8% |
| Formation expenses | 20 | €919 | €537 | -€382 | -41.6% |
| Fixed assets | 21/28 | €10,009 | €6,220 | -€3,790 | -37.9% |
| Tangible fixed assets | 22/27 | €6,509 | €4,720 | -€1,790 | -27.5% |
| Furniture and vehicles | 24 | €6,509 | €4,720 | -€1,790 | -27.5% |
| Financial fixed assets | 28 | €3,500 | €1,500 | -€2,000 | -57.1% |
| Current assets | 29/58 | €67,024 | €85,866 | +€18,842 | +28.1% |
| Amounts receivable within one year | 40/41 | €12,898 | €29,353 | +€16,455 | +127.6% |
| Trade receivables | 40 | €10,333 | €3,704 | -€6,629 | -64.2% |
| Other amounts receivable | 41 | €2,565 | €25,649 | +€23,084 | +899.8% |
| Current investments | 50/53 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €28,192 | €10,068 | -€18,124 | -64.3% |
| Deferred charges and accrued income | 490/1 | €934 | €11,444 | +€10,510 | +1125.4% |
| Total equity and liabilities | 10/49 | €77,953 | €92,622 | +€14,670 | +18.8% |
| Equity | 10/15 | €72,673 | €26,228 | -€46,446 | -63.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €68,673 | €22,228 | -€46,446 | -67.6% |
| Distributable reserves | 133 | €68,673 | €22,228 | -€46,446 | -67.6% |
| Amounts payable | 17/49 | €5,279 | €66,394 | +€61,115 | +1157.7% |
| Amounts payable within one year | 42/48 | €5,279 | €66,394 | +€61,115 | +1157.7% |
| Trade debts | 44 | €1,254 | €7,702 | +€6,448 | +514.2% |
| Suppliers | 440/4 | €1,254 | €7,702 | +€6,448 | +514.2% |
| Taxes, remuneration and social security | 45 | €3,600 | €3,635 | +€35 | +1.0% |
| Taxes | 450/3 | €3,600 | €3,635 | +€35 | +1.0% |
| Other amounts payable | 47/48 | €425 | €55,057 | +€54,632 | +12852.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €3,405 | +€1,882 | +123.5% |
| Other operating charges | 640/8 | €1,808 | €512 | -€1,296 | -71.7% |
| Gross operating margin | 9900 | €41,933 | €17,390 | -€24,544 | -58.5% |
| Operating profit (loss) | 9901 | €38,601 | €13,472 | -€25,129 | -65.1% |
| Financial income | 75/76B | €418 | €1,598 | +€1,181 | +282.7% |
| Recurring financial income | 75 | €418 | €1,598 | +€1,181 | +282.7% |
| Financial charges | 65/66B | €138 | €3,283 | +€3,145 | +2283.8% |
| Recurring financial charges | 65 | €138 | €3,283 | +€3,145 | +2283.8% |
| Profit (loss) for the period before taxes | 9903 | €38,881 | €11,788 | -€27,093 | -69.7% |
| Income taxes | 67/77 | €8,533 | €3,177 | -€5,356 | -62.8% |
| Profit (loss) for the period | 9904 | €30,348 | €8,611 | -€21,737 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,348 | €8,611 | -€21,737 | -71.6% |
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 8 October 2026 via checked.be.