Embedded Lobster: 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.
Embedded Lobster
Largest movements
- Cash +€33,868
up €33,868 (+36.3%), from €93,326 to €127,194
mainly Net result for the year (+€32,848) and Tax, wage and social debts (+€9,786)
- Tangible fixed assets +€6,202
up €6,202 (+375.5%), from €1,652 to €7,853
of which Plant, machinery and equipment: +€4,626
- Receivables within one year +€5,490
up €5,490 (+550.9%), from €997 to €6,487
of which Other amounts receivable: +€5,411
- Reserves +€32,848
up €32,848 (+48.7%), from €67,429 to €100,278
- Tax, wage and social debts +€9,786
up €9,786 (+48.5%), from €20,162 to €29,948
of which Taxes: +€9,786
- Gross operating margin -€30,235
down €30,235 (-38.7%), from €78,218 to €47,983
- Taxes -€8,138
down €8,138 (-38.3%), from €21,256 to €13,117
- Depreciation +€1,106
up €1,106 (+293.5%), from €377 to €1,483
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 | €96,182 | €141,570 | +€45,389 | +47.2% |
| Fixed assets | 21/28 | €1,652 | €7,853 | +€6,202 | +375.5% |
| Tangible fixed assets | 22/27 | €1,652 | €7,853 | +€6,202 | +375.5% |
| Plant, machinery and equipment | 23 | €1,652 | €6,278 | +€4,626 | +280.1% |
| Furniture and vehicles | 24 | - | €1,575 | +€1,575 | |
| Current assets | 29/58 | €94,530 | €133,717 | +€39,187 | +41.5% |
| Amounts receivable within one year | 40/41 | €997 | €6,487 | +€5,490 | +550.9% |
| Trade receivables | 40 | - | €79 | +€79 | |
| Other amounts receivable | 41 | €997 | €6,407 | +€5,411 | +543.0% |
| Cash at bank and in hand | 54/58 | €93,326 | €127,194 | +€33,868 | +36.3% |
| Deferred charges and accrued income | 490/1 | €207 | €36 | -€172 | -82.7% |
| Total equity and liabilities | 10/49 | €96,182 | €141,570 | +€45,389 | +47.2% |
| Equity | 10/15 | €74,429 | €107,278 | +€32,848 | +44.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €67,429 | €100,278 | +€32,848 | +48.7% |
| Distributable reserves | 133 | €67,429 | €100,278 | +€32,848 | +48.7% |
| Amounts payable | 17/49 | €21,752 | €34,293 | +€12,540 | +57.7% |
| Amounts payable within one year | 42/48 | €21,752 | €34,293 | +€12,540 | +57.7% |
| Financial debts | 43 | €15 | €571 | +€556 | +3708.5% |
| Credit institutions | 430/8 | €15 | €571 | +€556 | +3708.5% |
| Trade debts | 44 | €187 | €1,550 | +€1,363 | +727.7% |
| Suppliers | 440/4 | €187 | €1,550 | +€1,363 | +727.7% |
| Taxes, remuneration and social security | 45 | €20,162 | €29,948 | +€9,786 | +48.5% |
| Taxes | 450/3 | €20,162 | €29,948 | +€9,786 | +48.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,388 | €2,224 | +€836 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €1,483 | +€1,106 | +293.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €78,218 | €47,983 | -€30,235 | -38.7% |
| Operating profit (loss) | 9901 | €77,453 | €46,100 | -€31,353 | -40.5% |
| Financial charges | 65/66B | €96 | €134 | +€38 | +39.7% |
| Recurring financial charges | 65 | €96 | €134 | +€38 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €77,357 | €45,966 | -€31,392 | -40.6% |
| Income taxes | 67/77 | €21,256 | €13,117 | -€8,138 | -38.3% |
| Profit (loss) for the period | 9904 | €56,102 | €32,848 | -€23,253 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,102 | €32,848 | -€23,253 | -41.4% |
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 7 October 2026 via checked.be.